Businesses looking to offset the expense of new technology by selling used equipment are finding this strategy beneficial, particularly those looking to upgrade their fleets on an ongoing basis.
Negotiated sales offer the most effective means of disposing of equipment. These transactions take place between an individual seller and buyer privately and may include local classified ads, Trade publications or online sales platforms as appropriate.
Online auctions
Online auctions are an excellent way to sell equipment and vehicles for your business. Auction sites feature all kinds of equipment with both live onsite bidding options as well as online bidding capabilities; there are even locations across the US in both small towns and big cities!
Online auctions allow sellers to set a starting price that allows bidders to bid from. This enables fair market value of their equipment to be achieved as well as saving time and money spent on appraisal or shipping services.
Online auctions provide several advantages over physical auctions, including speed and broad reach. To ensure maximum effectiveness, however, it’s essential that a reputable auctioneer be hired. A skilled auctioneer knows how to sell heavy equipment while also having good relationships with local authorities to guarantee legal sales transactions.
Trade publications
Trade publications are periodicals designed to share industry knowledge. Their topics may include industry news, notable case studies and research findings, educational surveys and statistics, opinion pieces and how-to articles. Some trade publications even address new laws that may impact them.
Trade publications differ from mainstream magazines in that they’re usually written by professionals in their respective field, utilizing language familiar to their target audience, while steering clear of general topics such as sports or entertainment. Furthermore, they may include interviews or photo features.
Trade publications may not seem like the obvious place for your company to get business-related information, but they can be an invaluable asset in marketing your equipment and services to other businesses. Furthermore, these publications provide you with a platform to network with potential clients; especially beneficial if you’re trying to reach niche audiences. You can quickly locate trade publications by searching online using keywords like “industry name” and “trade publication”, as this will give you a good starting point.
Local classifieds
Local classifieds offer an easy, cost-effective and hassle-free solution for selling equipment without having to deal with shipping, warranties or payment fraud. Buyers and sellers communicate through private messages on these sites so as to negotiate terms, location of pickup and payment method – they have become increasingly popular due to their ease and cost effectiveness – some popular examples being NextDoor and Locanto.
Finding equipment ads in your local community is easy with online classifieds or free services like Craigslist – both will automatically filter them to display only local advertisements
Facebook Marketplace and public groups offer another convenient method for selling equipment. Search Facebook groups dedicated to buying and selling used equipment or take a course on Udemy to learn how to utilize these platforms to maximize price for your equipment while saving both time and effort.
Auction companies
An auction company can make selling equipment much simpler. Their extensive reach and resources enable them to reach potential buyers online or at physical auctions; and ensure all transactions go through correctly so the buyer receives what they purchased while sellers earn what they deserve in profits.
Auctions provide competitive bidding in large buyer pools that drive prices up. Auctions also expedite the sale of equipment, freeing up capital for new projects or investments.
Before selecting an auction company, it’s essential that you perform thorough research. Evaluate their reputation, terms and conditions, shipping logistics arrangements, types of equipment sold as well as whether any specialty items may exist. Furthermore, look into their history; longer tenure indicates more reliability.
