Buying Tips

Here are some things to consider when searching for heavy equipment on an online auction site. They should help you dig up the best deal.

  1. Familiarize yourself with the terms and conditions of the Internet exchange you’re trading on. Also review the terms and conditions of the financing provider.
  2. Be sure to review any additional terms and conditions the seller might have disclosed.
  3. Ask the seller any questions you may have about the equipment you wish to bid on.
  4. Consider whether you want to physically review the equipment being sold.
  5. Remember to get a transportation quote to assist in the consideration of all purchase-related costs.
  6. If you plan on arranging transportation services outside of the exchange facilitator and are interested in purchasing transit insurance for your equipment, determine your costs by shopping around for various rates.
  7. Research your best financing options.
  8. If equipment is not inspected, look into whether a third party inspection can be performed.
  9. Determine your maximum bid price and enter it into the automated bidding system to keep you in the lead.
  10. Consider any additional parts that you want for equipment and search on the parts and supplies auction area.
  11. If you can’t find the equipment you are looking for, direct the equipment alert option to notify you as soon as the equipment is listed and available on the exchange.
  12. Evaluate your need to purchase an equipment theft protection and recovery system.