Are you considering the purchase of heavy equipment at an auction? For those who are used to acquiring their heavy equipment and machinery from private sellers and dealerships, the prospect of buying through an auction may cause of a bit of apprehension, if only due to the unfamiliarity of the process.
The truth is, purchasing such equipment at an auction provides a number of advantages over other methods, while still offering all of the core aspects that should accompany the buying process.
Here are a few reasons why you should consider a heavy equipment auction for your next machinery purchase.
Price is almost always the main concern when buying heavy equipment. Machinery such as dozers, forklifts, and cranes are certainly not cheap, and if you’re buying new, not only are you paying the maximum price, you’ll also have to accept the depreciation that occurs the moment you use the equipment for the first time.
Buying used offers the opportunity to obtain quality machinery for bargain prices, while simultaneously avoiding depreciation. Company owners and contractors can use these auctions as an economical way to fill their equipment inventory, saving thousands of dollars in the process.
Heavy equipment auctions often feature a wide range of machinery, often with more options than you’ll find at a dealer — and definitely more than when browsing individual listings from private sellers.
A large portion of inventory at these auctions typically comes from companies who have offloaded their machinery after upgrading their fleet, along with several individual sellers. Since most heavy equipment auctions occur quarterly, they have several months’ worth of machinery on the lot by the time the auction date rolls around, giving buyers a ton of options in regards to machinery type, model, year, series, and so on.
The vast majority of sellers at heavy equipment auctions provide the proper documentation of service history with their machinery, giving potential buyers the same insight they’d get when buying from a used dealer or reputable private seller. In fact, auctions offer a level of reliability that private sellers can’t, including protection from fraudulent transactions, defective equipment that’s been passed off as functional, and more.
There’s also no need to haggle or argue on price, or deal with a sales push — auctions let you bid the exact amount you’re willing to pay.
Heavy equipment auctions offer a level of convenience you can’t always get with buying through dealers and other sellers. After winning a successful bid on your machinery of choice, you’re often able to take it with you right then and there. No need to wait several weeks for delivery or pickup when placing an equipment order — something that’s typical with many dealers and online sellers.
Whether you’re looking for an economical and reliable way to expand your inventory, or acquire new machinery types for a growing business, Dakil Auctioneers can help. As Oklahoma’s largest heavy equipment auction venue, our sales always have an expansive selection of quality machinery.
We hold heavy equipment and construction auctions on a quarterly basis, providing regular opportunities to purchase the machines your company requires. Be sure to look at our upcoming auction listings for our next heavy equipment auction.
Ready to purchase? Be sure to check out our helpful heavy equipment buying tips.
