We are sometimes asked to comment on the feasibility of attending plant equipment auctions.
To be clear, at White’s Tractors we are specialists in farm equipment not the ins and outs of buying at auction! There are though a few things which we think you should keep in mind before starting to go down this path for the sourcing of your equipment.
Some auctions are specialist and reserved for trade professionals only.
Keep in mind also that all public auctions usually operate strictly under the principle of ‘caveat emptor’. That’s fancy Latin for “let the buyer beware”. In other words, you may not have much, if any, comeback should things go badly wrong with your purchase. You’d have to prove that the auction description was materially inaccurate and that is not an easy thing to do.
For the unwary and the inexperienced, there are dangers in auction-type tractor sales Australia isn’t much different to anywhere else in there being an entire science behind assessing the real value of something being offered for sale, playing the room, making sure you yourself are not being played and then bidding.
It’s also often the case that payment options are limited. On larger and more expensive items, you may have to show right up front that you have the cash available to pay for your purchase. Don’t forget also that to whatever price you bid to, you will need to add the auctioneer’s commission and any subsequent transport costs to get it to wherever you need it to be.
All in all, it’s not necessarily the guaranteed bargain repository that many inexperienced or novice auction attendees believe it will be.
Of course, public auctions can be fun – including those offering tractor sales Australia and its farmers are always looking for a good deal and it might be possible that you will find one at such an auction.
Don’t overlook the fact know that travelling to an auction can be a long haul and you do so with no guarantee of winning. Sometimes, when bidders have travelled a long distance to get to an auction, there is a tendency to wish to avoid leaving empty-handed after such a long journey and that can lead to injudicious bidding.
So, do some research by all means but in the end, you may find that buying locally is a more attractive proposition.
To be clear, at White’s Tractors we are specialists in farm equipment not the ins and outs of buying at auction! There are though a few things which we think you should keep in mind before starting to go down this path for the sourcing of your equipment.
Some auctions are specialist and reserved for trade professionals only.
Keep in mind also that all public auctions usually operate strictly under the principle of ‘caveat emptor’. That’s fancy Latin for “let the buyer beware”. In other words, you may not have much, if any, comeback should things go badly wrong with your purchase. You’d have to prove that the auction description was materially inaccurate and that is not an easy thing to do.
For the unwary and the inexperienced, there are dangers in auction-type tractor sales Australia isn’t much different to anywhere else in there being an entire science behind assessing the real value of something being offered for sale, playing the room, making sure you yourself are not being played and then bidding.
It’s also often the case that payment options are limited. On larger and more expensive items, you may have to show right up front that you have the cash available to pay for your purchase. Don’t forget also that to whatever price you bid to, you will need to add the auctioneer’s commission and any subsequent transport costs to get it to wherever you need it to be.
All in all, it’s not necessarily the guaranteed bargain repository that many inexperienced or novice auction attendees believe it will be.
Of course, public auctions can be fun – including those offering tractor sales Australia and its farmers are always looking for a good deal and it might be possible that you will find one at such an auction.
Don’t overlook the fact know that travelling to an auction can be a long haul and you do so with no guarantee of winning. Sometimes, when bidders have travelled a long distance to get to an auction, there is a tendency to wish to avoid leaving empty-handed after such a long journey and that can lead to injudicious bidding.
So, do some research by all means but in the end, you may find that buying locally is a more attractive proposition.
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