Did you just finish with your construction site and no longer have use for the heavy equipment? Or have you not been using the heavy equipment as much as you thought you would? A great place to make extra money from your unused or old equipment is to sell it at used equipment auctions. There are a few things you need to do to prepare your equipment to be sold.
Preparing your equipment
Preparing your equipment can be a challenging task but there are many steps you can take to make the process easier. One way to prepare your equipment is by visiting equipment auctions. This will give you the experience of an auction and a better understanding of how everything works.
You can take a look at auctions, check the pricing for their equipment and see the worth of your equipment. In addition to finding out the worth of your equipment, you can hire an appraiser. You will learn both the lowest and highest asking price for the equipment that you are selling.
This may seem like a no-brainer, but it is imperative that you keep the equipment clean and well-maintained. Buyers want to know that their equipment has been clean and well-maintained throughout its life. Buyers may also bring a mechanic with them to inspect the equipment before purchasing. As a seller, you want to be sure that your equipment is in tip-top shape.
If your equipment has any scratches or rust, it is important that you get it fixed or repaint your equipment. Make sure your equipment will pass the eye-test!
Before you sell anything to equipment auctions you want to be sure that you have a clear title. Here are some questions to ask yourself; are you the first owner? If not, where did you get it from? It is good to note that, if you plan to finance equipment, the lender will need proof that the title is clear to ensure you are capable of purchasing the equipment.
It is important to have all the paperwork ready. Be prepared for when buyers ask you questions about your equipment. Having proof of maintenance records and certifications can help make buyers more willing to buy your equipment.
Why sell to equipment auctions?
Selling to an auction can save you and your company money because you do not have to pay any advertisement costs. It will also showcase your equipment to hundreds of potential buyers. In addition to all those benefits, you may be able to leave the auction with cash in hand.
At reserved auctions, there are also ways you can control the minimum price to prevent getting low-balled. Reserved auctions ensure that the seller will get at least the minimum asking price. Also, reserved auctions draw in a larger crowd, meaning that there will be more buyers.
It is important to sell equipment using a reputable company. One way to know if a company is reputable is by checking its reviews!
At Lyon Auction, we pride ourselves on being an honest and reputable company. Our goal is to make the process easy for both the buyer and seller. Contact us today!