Tips for Purchasing Heavy Machinery at an Auction
Heavy equipment auctions are great places to find deals on large production machinery. Cranes, drills, lifts, excavators, and compactors are just some of the most expensive items of working capital a company can have. However, you don’t always need brand new equipment. Visiting business liquidation auctions that have heavy equipment available could be the key to taking the next step to grow your business. That being said, not all the equipment at auctions is worth purchasing. Here are some tips to keep in mind when scoping out your new, used machinery.
- • If you come across heavy machinery at a general auction, check to see if the equipment was seized. Seized equipment was probably not cared for properly and will usually need more work than it is worth.
- • Machinery that shows signs of welding. Welding indicates something broke or became weak and needed quick repair. Unfortunately, the metal won’t be as strong as it was when formed, so look for machinery that hasn’t had to be welded back together.
- • Pay attention to the type of business the machinery was sourced. Was the equipment used regularly or just a few times? Was it exposed to the elements? Ask if you can see the machinery in action. Check the engine, look for fluid leaks, take note of any abnormal smoke or smells, and listen for noises that just don’t sound right. If the machinery shows sign of distress, it is probably best to move on to the next item.
- • Look for familiar makes and models of the heavy machinery. If you do have to add or replace a part, you will have a better chance of finding the piece you need if it was a popular machine.
- • Try to find out what year the machinery was made. If it is fairly new, the factory warranty might still be valid, which could save you further expense in the long run.