Whether you need to replace your heavy equipment or expand your existing inventory, construction equipment auctions are one of the best ways to acquire quality equipment. Shopping around at different dealerships looking for the best bang for your buck can take several weeks, and become exhausting quickly. By purchasing your equipment from construction equipment auctions, you will be able to save much time and money!
At Lyon Auction, we offer many construction equipment auctions across the country to help you and others like you purchase quality used equipment. Below, we provide the advantages of purchasing equipment from an auction!
Why you should buy from an auction
One of the best advantages of purchasing equipment from an auction is that there is usually a large selection of brands and models to choose from. 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, and make a well educated decision on which piece of equipment is right for you.
Another key advantage of purchasing equipment at construction equipment auctions is the cheaper costs that come with it! New equipment can be very expensive. But at equipment auctions, you can find quality used equipment at a fraction of the cost! As a business owner, it does not get better than this! Now there’s more spending room in the budget if you need additional equipment.
There is also the option to finance at construction equipment auctions! If you are just starting to build your credit score or do not have a good score then 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
Usually at equipment auctions, sellers will provide the proper documentation of service history of the machine. This is the same as buying from a dealer or private seller. In fact, purchasing from an equipment auction will protect you from fraudulent transactions, defective equipment that has been passed off as being functional, and much more.
On top of proper documentation, there is no need to negotiate price or make a sales push when purchasing from an auction. You are able to bid whatever you are willing to pay without having to talk down any pricing!
When looking to purchase heavy equipment for your company, it’s always a good idea to check out upcoming equipment auctions in your area.
Lyon Auction is a leader in the equipment auction industry. To learn more about our company or view our upcoming auctions, visit our website today!