WANTED!

Fuji, Universal, Panasonic, Siemens, Assembleon, Juki, DEK, MPM, Ekra, BTU, Vitronics, Heller, etc.

CEE offers
cash, trade-ins and consignments.

Home > FAQ's

CEE's Frequently Asked Question List

About CEE's Buy and Sell

• How do I know that I am getting a good machine?
• What's the purchase process typically like?
• Should I be buying used equipment?
• Does CEE offer post sales support?
• Does CEE offer a warranty with the equipment?
• How do I sell my used to equipment to CEE?
• What's the typical lead time?
• What type of equipment is CEE looking to purchase?
• How does shipping work?
• Can CEE help me ship overseas?
• What are CEE's standard terms?

About CEE's Asset Management Program

• Why would I consider a consignment versus an auction or immediate cash purchase?
• How long does the process typically take?
• When would I receive my money from the sale?
• What happens if the unit does not sell?
• Who is responsible for shipping the units to CEE? What about after the sale?

About CEE's Appraisal Services

• What is an appraisal?
• When would I need an appraisal?
• What does an appraisal cost?
• How long does an appraisal take?
• What are CEE's qualifications?
• What if I just need some guidance of what my assets are worth, but not a full appraisal?

Answers

Q: How do I know that I am getting a good machine?
A: CEE's technicians prepare each machine for a full functional demonstration. We encourage all of our clients to visit for a complete demonstration of the machines functionality. We can also provide a demonstration by video for your review. We will also try to accomadate any special acceptance criteria that you may have.
<back to top>

Q: What's the purchase process typically like?
A: When a client decides that they would like to pursue a machine, they will issue a conditional purchase order. CEE will then place the machine on hold and schedule a demonstration for their approval. The demonstration is either conducted at our facility or by video. If the client accepts the machine, CEE will then invoice against this purchase order. The machine will be prepared by CEE technicians for shipment. CEE will load the machine onto the buyers truck. If there are special packing needs, CEE will be happy to help with all the arrangements. CEE can provide ocean packing when needed.
<back to top>

Q: Should I be buying used equipment?
A: Used equipment is a very popular choice for many manufacturers worldwide. Even the largest manufacturers consider used equipment for their needs; however, CEE feels that it is not always the best solution for a client. CEE makes available each piece of equipment for fully functional demonstration, which substantially reduces are buyers risk. With many used equipment supppliers and auctions, the equipment is not available for functional demonstration. Only very experienced buyers should participate in this type of purchase unless you have incorporated this risk into your purchase price.
<back to top>

Q: Does CEE offer post sales support?
A: CEE stands behind each machine we sell. We will always make sure that what was promised is what is received. CEE will also be happy to help with technical assistance upon receipt of equipment; however, CEE is not a replacement for the OEM's technical phone support or Field Engineering. CEE does not have the resources of the OEM and is not set-up to compete with the OEM's in this area.
<back to top>

Q: Does CEE offer a warranty with the equipment?
A: No. CEE is all about reducing your purchase risk. We will bend over backwards to make sure that you have every assurance of the equipment's condition prior to purchase, but we do not offer a warranty with the equipment. CEE is responsible for supplying all the information you need to make an informed purchase decision on the equipment. We can not be responsible for the machine after it leaves our facility. Why? If we were to do so, we would have to increase the sale price of the machine to include our risk of improper installation and useage of the equipment which is possible with new users of equipment. If a warranty is a must for you, please discuss with your CEE sales agent.
<back to top>

Q: How do I sell my used to equipment to CEE?
A: The process is simple. Call CEE! CEE will review your equipment list. We will supply you with a simple question list on the equipment. When we recieve your answers, we will supply you with an offer conditional upon inspection. If you accept the offer, CEE will have a technician inspect the equipment with in a couple days. If its good equipment, CEE will issue a purchase order for the equipment and send the money. We will make all the arranegements for pick-up. Its that easy.
<back to top>

Q: What's the typical lead time?
A: Lead times are typically short when dealing with CEE. CEE stores the vast majority of our equipment in our facility. Our typical lead time is 3-4 days for a demonstration. After the demonstration, CEE can have the machine packed and ready for shipment with in a day or two.
<back to top>

Q: What type of equipment is CEE looking to purchase?
A: Our primary focus at CEE is to buy all late model front end SMT equipment that has been well maintained. We will typically make offers on all type of manufacturing equipment with in our industry and without. CEE is well versed in the secondary markets and can find a home for all types of equipment.
<back to top>

Q: How does shipping work?
A: Shipping is the cost and responsibility of the buyer. CEE is well versed in shipping around the world. We can help you with any and all arrangements that you may need, including special packing considerations or expedited shipping.
<back to top>

Q: Can CEE help me ship overseas?
A: Yes. A majority of our shipments are international. We can help you with all the arrangements and special packing needs including ocean pack with certified lumber.
<back to top>

Q: What are CEE's standard terms?
A: Our standard terms are 100% prepay after a client has inspect the equipment and approved of the demonstration.
<back to top>

Q: Why would I consider a consignment versus an auction or immediate cash purchase?
A: With CEE's asset management program, CEE can offer you our best return. This is because CEE does not assume the holding risk of the equipment like they would with a purchased asset. In exchange for reducing our risk, CEE takes simple commission for the sale and you pocket the bulk of the proceeds of the sale. The asset management also solves other problem associated with selling equipment, like getting the machines off your floor and eliminating the strain of your internal resources during the sales process. Often seller's are concerned that a consignment is too open ended and that the units may never sell at the promised prices. CEE can offer you a defined asset management product that spells out all the specifics and can even garentee you results. Why settle for selling your assets in liquidation fashion, when you can achieve much better returns for selling your equipment at its true Fair Market Value?
<back to top>

Q: How long does the process typically take?
A: If the asset is fairly marketable, we typically recommend a 60-90 day consignment. If a client is looking for premium returns on a less marketable asset, we will sometimes request a longer consignment duration as the sale cycles may be longer. In any case, the duration of the consignment is clearly defined in our contract.
<back to top>

Q: When would I receive my money from the sale?
A: All consignment customer are paid in full prior to equipment being moved out of CEE, but this is not a concern for our consignment customers. A consignment client is paid by CEE, prior to any equipment leaves our facility whether or not we have been paid. This completely eliminates your risk of buyers creditworthiness.
<back to top>

Q: What happens if the unit does not sell?
A: For many seller's this is their number one issue with a consignment. CEE believe's that this should not be your issue. With CEE's asset management program, CEE can offer you a buyout contingency if the unit does not sell in the alotted time frame or other contigencies to eliminate this issue.
<back to top>

Q: Who is responsible for shipping the units to CEE? What about after the sale?
A: Upfront shipping responsibilities are negotiable, but will of course be spelled our in the asset management agreement. After the sale, the buyer is 100% responsible for all shipping related costs. In general, an asset management client has no fiscal responsibilites after the consignment begins.
<back to top>

Q: What is an appraisal?
A: An appraisal is the act or process of determining value. This action includes
* Determination of the value of property
* Estimation of the cost of production of a new property, replacement of a existing property with an equivalent, or reproduction of an existing property with an identical property
* Determination of the non-monetary benefits or characteristics that contribute to value. The rendering of judgements as to age, remaining life, condition, quality, or authenticity of physical property.
* Forecast of the earning power of a property.
<back to top>

Q: When would I need an appraisal?
A: Common uses for appraisals include:
* Allocation of a purchase price for a company or its assets
* Bankruptcy
* Plant closings and liquidations
* Financing
* Insurance and loss settlement
* Leasing (establishing end of lease values)
* Tax considerations (income and/or property)
<back to top>

Q: What does an appraisal cost?
A: Appraisal costs will vary greatly depending on the number of assets to be appraised, the definition(s) of value, the cost to inspect the assets at various locations, and the type of report to be delivered. In general, our appraisal run $2,000 - $5,000.
<back to top>

Q: How long does an appraisal take?
A: It all depends on the scope of the project. Figure at least one day of inspection per facility and extra travel time. Research takes a few days and report writing takes and addition couple days. Typically, the lead time is about 1 week.
<back to top>

Q: What are CEE's qualifications?
A: CEE has a ASA trained appraiser with USPAP certification. CEE is also an expert at determining value for PCB assembly assets. A major part of their day to day activities includes assetsment of physical deprecitation, remaining useful life, and market value. Also CEE has an extensive archive of recorded industry sales data to help assist with comparable sales.
<back to top>

Q: What if I just need some guidance of what my assets are worth, but not a full appraisal?
A: Many of our leasing clients are looking for guidance on future residual value and current market worth. On select assets, CEE is happy to provide the guidance you need. Please call us today at 815.363.0800.
<back to top>