Published on July 18, 2014
Axis Capital Group, Singapore is aware of the benefits of reconditioning. When does it make sense to recondition an asset rather than purchase new? Budget restraints generally drive this decision. Reconditioning is usually less costly than buying new. An owner may be able to recondition two assets for the same price as buying one new depending on the equipment. Hence, return on investment is double that of a single new asset.