How to hit the jackpot in online equipment auctions

How to hit the jackpot in online equipment auctions

Online equipment auctions are a great way for you to find used equipment at an affordable price with the convenience of participating in the auction from wherever you are located. Online auctions are a small time commitment and there aren't any travel costs. It can be hard to bid on multiple items at an in-person auction, but when bidding online you’re able to do that and even set up automatic bidding.

Another perk is that you’re able to purchase equipment that’s just as good as new, but for a fraction of the cost. If you’ve been considering an online auction to find the heavy machinery you need for your next project, now is the time to do it. It might seem like you’ve got to be lucky to hit the jackpot in online equipment auctions, but with these tips and tricks from Lyon Auction, you’re sure to get a good deal!

Do everything you can beforehand

Before the online auction rolls around, you should have already located the auctioneers page, created an online account and registered for the auction. It would be awful to pick up your phone or open your computer minutes before the auction starts and then realize you still need to create an account and get registered.

The more you do before, the less you have to do on the day of the auction. Make it so that you can get right into acquiring the equipment you need without any hassle. Once you’ve gotten the minuscule things taken care of, it’s time to start searching for the right equipment for the job.

Research the auction and equipment

If you know what you’re looking for, you can begin to search for what’s available. Auction companies and sellers will oftentimes have a list or catalog of what’s being auctioned and when. By scrolling through the auction website beforehand, you can pick and choose what you’re interested in, as well as get other important information on the upcoming auction.

It’s also important to research the auction company or seller. You want to make sure the person or company you’re purchasing from is legitimate. Going through an equipment auction company such as Lyon Auction is a sure-fire way to know you’re getting quality equipment.

Check the equipment’s specifications

You know that then you’re not getting a perfect, brand new piece of equipment. However, it’s always good to look over the equipment’s specifications before buying. We ensure our customers will get a good machine for a good price. A couple of dings and scratches in the paint and worn-down buttons are okay, but a broken piece of the machine is not (unless you’re in the market for a fixer upper). Feel free to ask the seller about any defects.

Sellers will provide a description of the machine along with quality photos of the equipment they’re selling. Make sure the description matches the photos as best as you can. Also, make sure it’s listed for what it’s worth. To help determine what the right price should be, factor in the machine’s age, along with its condition and the current market trends for what this equipment is priced at, new and used.

Attend one of our online equipment auctions

We want you to walk away from the online auction, smiling and excited because you know you hit the jackpot! We are dedicated to quality assurance and we devote lots of time to understanding our customer’s needs. Contact us today to learn more about our online auction platform!


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