There are two main questions people ask themselves when selling their heavy equipment:
- How can I get the most money for my machine?
- How quickly can I sell my machine?
Listed are the three most frequently used options for selling used heavy equipment:
Individually- You may find it challenging and time consuming to sell a machine on your own.
|
Pros: |
Cons: |
| Control who purchases your equipment | Small pool of potential buyers |
| Control the price | Negotiating prices |
| Scheduling visitation times to view machine | |
| Transportation hassles | |
| Time Consuming | |
| Dealing with unqualified buyers |
To a Dealership- If you decide to sell your machine to a dealership you must consider a few things.
|
Pros: |
Cons: |
| Quick selling process | Can’t offer as much as an end-buyer |
| Cost negotiation |
Through an Auction Site- You also have the option to sell your equipment through an auction site. Many people favor this option because it is a quick and easy process.
|
Pros: |
Cons: |
| Global audience viewing your machine | Seller’s premiums/fees |
| Qualified buyers | Possible transportation costs |
| No negotiating prices | |
| Fast payment | |
| Risk free |
All of these options have advantages and disadvantages. Make sure to gather all the information you can when selling your equipment to a dealership or through an auction site. If you’re selling individually, make sure you’re dealing with a qualified buyer.
