Thursday, September 22, 2016

Factors To Consider When Buying Used Heavy Equipment For Sale

By Carolyn Lee


When one is in need of buying used construction equipment, it is important for the buyer to consider various factors before making the final decision to buy an item. Knowing what one needs and the amount of money one is willing to spend, is key for a prospective buyer as it acts as a guide when bidding and also making a decision on whether or not to buy used heavy equipment for sale.

Do proper research on an item. Sellers usually post multiple advertisements on the equipment and the price usually, varies depending on the seller. By browsing through various auction sites, a buyer is more knowledgeable of different prices and will thus make the best and most informed decision.

Verify credentials of the sellers. Before buying equipment from an auction, it is good to cross check credentials of the sellers with the relevant bodies to avoid buying machines from sellers who are untrustworthy. This ensures the buyer will get quality machinery that will meet the intended purpose.

Know when to buy the machines. The most advantageous time to do research about machines would be preferable early in the morning and most conveniently on Monday mornings. During the weekend sellers usually, have enough time to cross check their machines and review what they want to sell. The latest and most current deals are thus posted mostly on Monday mornings.

Establishing contact with the seller is important. This can be done by messaging the seller after checking out the prices of items on sale. It may be against the auction agreements, but if the seller wants to sell his item, he will not hesitate to give you a direct price for the item. This is advantageous to the buyer as if he is comfortable with the price he will just close the deal with the seller and bypass the auction saving on time and also cost on the machines.

When bidding for the machines do not do it straight away. Be patient for a while at least up to the last 5 to 6 days of the end of the auction date. This avoids creating attention to the machines which might result in an increase in price as a result of multiple bids being put forward by other prospective buyers.

Evade last minute bidding. Waiting for the last few minutes before closure of an auction before making a bid is a clever way of getting the machinery. By this time most buyers have already exhausted their bidding potential and thus placing a bid at such a time gives the buyer an upper hand.

Avoid bidding wars. Prices of these machines after multiple bids are usually high as each buyer tries to outshine the other by placing a higher price for the item. It is good to wait for such contests on the item to subside and then place a bid. It is a matter of being tactful so as to attain the best prices. Play your cards well.




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