Ugh, it’s time to shop around for new heavy equipment. This process can take up to weeks and can become overwhelming for you. Where have you been shopping around for new equipment? You should look into construction material auctions. The benefits are endless and we’ll explain how auction shopping can benefit you.
Why Buy From an Auction
At construction material auctions, they have a wide selection of different brands which means you get to check out the different brands and determine which one is best for you. You can speak to the owners and ask any questions regarding the machine. Find out why they are selling it and if there are any known previous problems. This gives you a good opportunity to compare and contrast different brands.
If you are feeling unsure about the different materials condition, be sure to ask for the maintenance records! Also, any reputable auction will do it’s research to find any information about past ownership. They make sure the title will be completely yours and nobody can contest it.
Get Your Purchased Item Right Away
When you buy from a dealer you most likely will have to wait a couple weeks for the delivery. At an auction, once you decide that’s what you want, you pay for it and it’s yours that same day. This speeds up the buying process because you no longer have to wait until your order comes in! You can get to work right away, making a quick and easy purchase.
New equipment can get pricey! At a construction material auction, you can find high quality equipment for a cheaper price. As a business owner, it does not get better than this! Now there’s more spending room in the budget if you need extra equipment. It’s even a good idea to pocket the money and save this money for the future.
There is also the option to finance at construction material auctions! If you are just starting to build your credit score or do not have a good score than it might be more challenging for you to finance equipment. These four tips will increase your chances:
If you have a low score, put down a larger down payment
Use your previous lender as a reference
Show the lender how much your company makes
Come prepared with an up-to-date credit score
One thing that can intimidate buyers to come to an auction is being unsure about the people selling. If you don’t get a good feeling about the seller and their item, bring along a mechanic to check if the equipment is in good condition. Also, take it on a test drive! Not everyone is honest, but it is important for you to do your research before a purchase!
At Lyon Auction all our equipment is at one place. This makes it more convenient for both our buyers and sellers. Companies can liquidate a large fleet of vehicles at a single auction! Lyon helps company from start to finish to ensure that the process is easy and stress-free. If you have any questions, contact us today!