With machines like loaders, excavators and lifts often costing over $100,000 new, buying used equipment through auctions allows small contractors and asset rental firms access to necessary gear at reasonable costs.
This guide covers getting great deals at used machinery auctions.
Key Tips for Buying at Auction:
Inspect Thoroughly Before Bidding: Attend previews to start engines, check fluids, cycles arms/buckets. Identify any repairs needed and factor into max bids.
Verify Maintenance Records: Well-kept logbooks and oil analyses help estimate remaining useful life and resale value. Bring a mechanic to verify engine/hydraulic health.
Set Spending Limits: Research make/model resale prices in equipment guides. Max bid limits should allow profitability when renting out gear.
Arrange Logistics Beforehand: Know permit laws, have proper trailers/loading equipment ready to extract gear within claim windows.
Pay Immediately After Award: Have a business check or financing pre-arranged through auction partners like Smith Farm Equipment Credit.
Top Places To Buy Used Machines At Auction
Reputable auctioneers offering diverse quality selection across makes/models include:
Ritchie Bros Auctioneers: 40+ global auction sites with online bidding available. Items include aerial lifts, bulldozers, farming equipment, trailers, truck fleets.
Allied Heavy Equipment Auctions: 10+ locations across Virginia and Maryland. Inventory includes solutions for agriculture, construction, landscaping, waste, recycling industries.
Smith Farm Auctions: Providing used tractors and farm implements through live on-site and online auctions in Midwest region.
Avoid risks of buying sight-unseen online. Inspect equipment thoroughly before placing bids at a used machinery auction house near you.