There is NOT a lot of information readily available for people or companies looking to potentially sell their equipment. Equipment auctions are becoming a more popular method for disposing of equipment and the reasons are as follows:
- The convenience of having the auction site do all the work for you.
- No transportation costs.
- Your machine is viewed by a global audience with qualified buyers.
- No negotiating hassles, nor scheduling visits for potential buyers to view your machine.
There are several options for online auctions. These are the most recommended: IronPlanet, Cat Auctions, Ritchie Brothers, and EHE Auctions Inc.
As you can see based on the benefits above, it’s a no-brainer that selling your equipment on an online auction site is much more convenient to selling your machine as an individual.