Heavy Equipment Auction

Heavy equipment auctions can be an excellent way to save money on used construction equipment. In the same way car dealers attend auctions to get the best deals on used cars, you can attend a heavy equipment auction and save thousands of dollars on your heavy equipment. Generally speaking, there are two different ways heavy equipment can be auctioned.

1. You can go to a live auction and bid in person.
2. You can attend an online auction (much like eBay) and bid either automatically or in real time (most auctions are scheduled).

Purchasing Heavy Equipment in an Auction. Because auctions attract people who are in a hurry to sell, auctions present you with the opportunity to purchase used heavy equipment at substantially reduced prices. Unlike eBay and other online auctions, machinery auctions happen in real time. That means that each machine is "on the block" for a short period of time (5-10 minutes) while people take turns bidding on the item. Once the bidding stops, the highest bidder wins. Most auction companies provide payment and financing options at no cost and transportation services for a fee. For more information, see How to Buy.

Selling Heavy Equipment in an Auction. There are also many advantages to selling your heavy equipment in an auction. First, it doesn't take much time or effort on your part and costs little in commission fees. Furthermore, most equipment sold on auction can be out of your hands in just a few weeks. By taking your used equipment to auction, you can also reach a much larger audience without having to waste time with people who aren't completely committed to purchasing. For more information, see How to Sell.

Equipment Auctions. There are many national auctions you can use to buy and sell used heavy equipment. We have chosen a few to highlight.

• Iron Planet is probably the best national online auction. They actually inspect, in person, each piece of equipment. Then they put together an equipment profile complete with pictures and specs which you can view online.
• Rock & Dirt, Machinery Trader, and Equipment Trader Online provide comprehensive listings of live auctions by region and date. This allows you to attend the auction and see the equipment in person.
• Other equipment auction sources include Ritchie Bros and General Administration.

For all of your heavy equipment needs, please browse through our website. We offer comprehensive heavy equipment information.

Back to Top