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Selling Construction Equipment at Unreserved Auctions
Different construction equipment auctions companies run their events differently; some allow equipment owners to bid directly while others use "shills" or "plants." When attending an auction, set your maximum budget and have your equipment inspected beforehand - also arrange financing if possible.
Heavy equipment purchases can be costly investments; sometimes renting is the smarter choice. Here are five strategies for finding exactly the machine for your project at auction.
Online auctions
Online auctions present contractors with an excellent opportunity to purchase used equipment at significantly reduced retail prices. Used machinery allows contractors to save money while also avoiding overspending for an item they might not need or use in the first place. It is important, however, to keep some key factors in mind prior to participating in an auction.
Before participating in an auction, take your time and carefully inspect its condition. Asking the seller for more photos from various angles will also give you a clear visual understanding of what you are purchasing.
Prior to bidding on equipment at auctions, be sure to attend a preview date and test it as much as possible. Being prepared for unexpected costs such as shipping and insurance premiums will save time when paying promptly; otherwise you could incur large storage and late payment fees that will reduce returns by as much as 10% or more.
Ritchie Bros.
Every year, thousands of people choose Ritchie Bros. unreserved auctions and EquipmentOne as an effective platform to sell equipment at unreserved auction. They know they can depend on certain salesevery piece being auctioned off to the highest bidder on auction daywhile also getting global market value for their assets.
In 1987, the company provided assistance in dispersing equipment used to reconstruct airports and other facilities after the Falkland Island war had concluded. This marked one of the earliest instances where equipment was sold at auction to help address a business challenge.
RB Asset Solutions provides end-to-end solutions for appraising, buying, selling, inspecting, refurbishing, shipping and financing heavy equipment and trucks for end users, equipment dealers and original equipment manufacturers (OEM).
Machinery Trader
Machinery Trader's global reach makes Machinery Trader an invaluable platform for selling heavy equipment. As it ranks high in searches for "excavator sales", "bulldozer sales", and "heavy equipment sales", your listings on Machinery Trader will get far more exposure than they would on lesser-known sites.
Machinery Trader provides not only auction listings, but also print ads sent out to its constantly-verified list of heavy equipment buyers. Their search page features options to narrow results by category, manufacturer or location as well as their popular Auction Results entry that shows recent auction activity. When planning on bidding at auctions it is recommended to inspect machinery before placing a final bid; pay particular attention to what its looks like, sounds, odors and feel when in operation.
Construction Equipment Guide
Construction equipment rental may be an alternative way to complete projects safely, efficiently, and within budget. When purchasing isn't feasible, renting may provide an ideal solution.
Are You Shopping for Heavy Equipment Online? There's No Question
That There Is! Below are several websites where you can purchase affordable tractors, wheel loaders, backhoes and bulldozers as well as other forms of machinery at reasonable prices.
Construction Equipment Guide, one of the most popular websites, aggregates auctions from across North America and features a calendar view so potential buyers can see what is available locally. Their staff scours auction houses, retail outlets and association contacts in order to gather quick reference data that makes buying equipment simple - both domestically as well as internationally.
Mascus
Ritchie Bros. Auctioneers Inc. (NYSE and TSX: RBA) today announced its acquisition of Mascus International Holding BV, a premier global online equipment listing service. With this move, Ritchie Bros. can expand the variety of equipment disposition and management
solutions they can offer their customers while increasing global exposure for Mascus listings.
Mascus operates Europe's premier online market for used construction machinery, agriculture and forestry machines, forklifts and trucks. It offers subscriptions to equipment dealers, brokers and exporters listing their equipment for sale on its website; additionally it provides advertising services and business tools specifically for equipment dealerships.
The Company provides buyers with an easy and fast way to inquire about specific products by phone, popular messaging apps or email. This makes finding equipment suitable for business easier and more efficient than ever before.