What You Need to Know When Buying Heavy Equipment at an Auction

Heavy equipment auction

Many businesses who rely on heavy equipment and machinery in their industry obtain these items at auctions.

Not only is buying used equipment more economical than purchasing new gear, it is better for the environment, too.

Even so, when buying at auction, it’s important that consumers keep a few considerations in mind.

The following tips may be helpful for anyone thinking about buying machinery at an auction.


Get Your Ducks in a Row

Before you head to auction and decide to bid, it’s essential to secure financing so that you can easily pay for your purchases and have them delivered to your business site (Source: http://www.hgpauction.com/heavy-equipment-auctions/).

Before you attend an industrial equipment auction, it is also a good idea to perform some research.

Find out about the products that will be auctioned.

Moreover, check with the auction management to determine how the equipment was tested to ensure that it is in optimal condition.

The more you can find out before the auction, the more information you’ll have to when it comes time to bid.

You’ll be able to make more educated decisions.

Heavy equipment auction


Consider Equipment Age

When bidding on heavy equipment, it’s important to find out its age and as much of its history as possible.

How many hours of usage has the machine been subjected to?

Since parts wear over time, you’ll want to calculate in some potential maintenance costs for the units you purchase.

This will help you determine the type of deal you may (or may not) be getting.

Of course, if the machinery boasts an acceptable level of wear and tear, you may have a great bargain on your hands, one that will complement your business and its needs (Source: http://www.cracked.com/article_19096_the-7-most-needlessly-terrifying-pieces-heavy-machinery.html).


Consider Price

Finally, be sure you understand how much the equipment you choose to bid on would cost if you were to purchase it in brand new condition.

This will allow you to determine your cost savings in light of the item’s previous usage and wear.

Auctions are generally excellent places to find great deals on perfectly viable equipment, but buyers should still make sure they understand all the cost savings involved.



By keeping these tips in mind, you’ll be better prepared when you attend your next auction.

Conducting research and learning about the auction company and equipment can help make the decision making easier.

You would not want to spend a large amount of money on equipment that needs to be replaced in several months.

In the end you will spend more than you need and it was probably better to buy new equipment.

Although buying heavy equipment at auction is an excellent way to save money and still obtain the equipment you need for your business, keep yourself educated and do your homework before making a big purchase.

4 thoughts on “What You Need to Know When Buying Heavy Equipment at an Auction

  1. I like your tip about considering the age of the equipment and to evaluate it against what it would cost for something new. I would assume that in most cases, buying used would cost less and maybe save more time. My parents have been looking at buying some drill presses and other types of machinery to work on building furniture. Finding these items used might be a great way to save money.

  2. It is possible to choose according to the soil texture including soil and soil layer structure of the drilling places and together with the application ability of all drilling equipments.

  3. Great tips ! Buying an used equipment is a great way to get the best return on your investment. Thanks for sharing such an informative post and I really liked it. Keep Posting like this.

  4. Thanks for your useful tips on buying heavy equipment from auctions. I hope these will help people a lot. Apart from these tips, I would recommend here that we should think about transport option before going in a auction. Thanks

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