Our economy is slowly improving and the construction industry continues to experience growth. Many companies find the equipment they need at used construction equipment auctions. With new equipment in short supply, many companies are buying good used construction equipment and vehicles at auction, to bridge the gap to new equipment availability and conserve their cash.
As you consider options for purchasing your equipment, consider the below:
Construction Equipment Condition
A reliable auction company makes every attempt to provide high-quality items to customers in order to maintain their reputation for honesty and build repeat customer business. Auction houses generally have qualified, experienced mechanics who conduct inspections of each vehicle being sold in order to be able to disclose any defects found in the course of preparing equipment for sale.
Search and Buying Options
Because the used construction equipment market is so active, you want to be able to view as many equipment items as possible, in order to have the widest choice. Items are added to dealers’ and auctioneers’ inventory on a daily basis, but unless the company has a sophisticated online system, you will not know about new equipment inventory. Look for a company that enables you to easily search for and find what you need, through a website search filter. Another key thing to look for is the ability to request notification for specific equipment-types as they become available for sale. A flexible, service-oriented auctioneer will offer several ways to participate in auction sales.
- On Site and Online Information – Beyond live, physical auctions, customers should be able to go online and review the inventory on a company’s website for any items needed and also be able to participate in the bidding process online. The internet is a critical aspect in providing essential information such as pictures, mechanical reports and even blogs to solicit ideas and comments from prospective and past customers. With a wide range of information, any customer can easily look for, find, and bid on equipment they need to buy.
- Transportation – Transportation to and from an auction yard should be a component of a company’s services, in order to help sellers and buyers move their equipment.
- Inspections – Inspections and detailed information about the equipment being sold is important, so buyers and sellers can document the condition of their items, and make informed decisions about their expectations of its value.
- Equipment Alerts – When looking for a particular model with certain specifications, you should be able to contact a sales representative or enroll to receive email alerts when the item you need becomes available.
Finding deals at used construction equipment auctions can help increase your business’ profitability, and help you bridge the gap until new equipment is both readily available and more affordable. Download our Buyer’s Guide for tips and answers to commonly asked questions, and contact us if you have other questions or we can assist.