Page 3 of 3 FirstFirst 123
Results 21 to 27 of 27
  1. #21
    Super Member two_bit_score's Avatar
    Join Date
    Dec 2008
    Posts
    7,957
    Location
    Texas - from the brush and pear to the piney woods
    Tractor
    John Deere 110 TLB

    Default Re: Buying at auction

    At most tractor auctions I've been to I've seen too many sellers bidding on their own stuff just to run up the price.

  2. #22
    Veteran Member brain55's Avatar
    Join Date
    Jan 2008
    Posts
    1,694
    Location
    Brentwood, CA

    Default Re: Buying at auction

    Quote Originally Posted by two_bit_score View Post
    At most tractor auctions I've been to I've seen too many sellers bidding on their own stuff just to run up the price.
    The auctions I have been involved in it stated right in the contract that we could not do this. I don't remember what the penalties were, but we never even considered doing it.

    I prepared equipment for auctions that you wouldn't want to buy. My job was to try and get as much money for my employer as possible. A good pressure wash job and the fact that during a preview you really don't get to but a machine under load, can hide a lot of problems. I hid stuff that even as an equipment mechanic with over 20 years of experience I wouldn't have thought to look for until now.

    Brian

  3. #23
    Super Member crazyal's Avatar
    Join Date
    Dec 2003
    Posts
    6,034
    Location
    Northern Vermont

    Default Re: Buying at auction

    I bought my Case BH from an auction. It was one of those national companies who happen to have an auction at a small bus company that decided to close it's doors. They had a couple pieces of equipment they wanted to move. Two backhoes. The first that sold was an older 580E with an extend-a-hoe. Some of the glass was replaced with plexiglass and it started real hard. I figured it was going to go cheap as right next to it was a 580k in much better shape.

    When the price went through the roof I almost left. When the 580k came up bidding was real slow and I got it for several grand less then the 580E. Like Brian said, they did a quick paint job on things to try and make it look better. They painted the exhaust pipe black and repainted the wheels. They even went as far as to put the paper floor protectors like you would see at a car dealer.

    I just look pass all of that. Once you open the hood and look under the tractor you can usually tell if things are leaking or if repairs have been done. Checking for blow by. Trying it out to see how the torque converter and transmission works.

    I did buy a Ford 700 with a snow plow from Iron Planet for $300. I didn't really want the truck, just the plow. I ended up driving the truck to a junk yard and taking the plow and the good tires home with me. I might have taken the whole truck but it had been converted to propane.
    Kubota L4240,Case 580K backhoe, Case 450 Dozer

  4. #24
    Veteran Member wedge40's Avatar
    Join Date
    Oct 2007
    Posts
    2,214

    Default Re: Buying at auction

    Quote Originally Posted by 20 20 View Post
    I've noticed the bid wars too and have to laugh when things go for waaaayyyy more then they should, I quess some folks just don't get it.
    These are the same people who speed up when you try and pass them on highway.

    Wedge
    1967 Ford 4000,Mahindra 4530 with FEL and BH, Box blade, straight blade, FEL, Rake, Bushhog, Backhoe, Jinma chipper, KKII tiller, Grapple. Mahindra 4530, with FEL and Backhoe.

  5. #25
    Gold Member mcd176's Avatar
    Join Date
    Nov 2007
    Posts
    489
    Location
    Wheeling, WV
    Tractor
    Kubota L4200 W/Cab(Mine), Kubota B2150 (Dads)

    Default Re: Buying at auction

    I purchased my L4200 from an online LIVE auction from McGrew Equipment in PA, The whole process was easy and I would buy from them again, I feel that I stole my kubota from them for $8000 out the door, of course that was before I began to modify it :-)
    ---------------------------------------------------
    Kubota L4200
    Kubota B2150
    John Deere 170
    Several Implements


    2001 GMC Sierra 2500HD W/Duramax Diesel

    2005 HARLEY DAVIDSON SOFTAIL FOR SALE!

    Link to my custom cab: http://www.tractorbynet.com/forums/b...completed.html

  6. #26
    Veteran Member
    Join Date
    Jun 2004
    Posts
    2,390
    Location
    USA
    Tractor
    Kubota L3830, Ford Golden Jubilee, 1939 Sears Economy, Polaris Ranger 400, Honda Foreman 450 ES, 2004 Dodge Diesel 3500

    Default Re: Buying at auction

    Quote Originally Posted by two_bit_score View Post
    At most tractor auctions I've been to I've seen too many sellers bidding on their own stuff just to run up the price.
    That is a perfectly normal practice. At big consignment auctions the auction company cannot keep track of reserves. So the owner of the item being sold is responsible for his business transaction. If the price is too low, the owner has to bid until the price comes up or he remains the owner.

    Of course if the owner wins, he is still charged a minimum fee for the auctioneer's effort in attempting to sell the equipment.

  7. #27
    Silver Member
    Join Date
    Nov 2007
    Posts
    154
    Location
    N.E Tennessee
    Tractor
    Deere 2320, Bobcat 322 mini-ex, Bobcat 763 skidsteer

    Default Re: Buying at auction

    I've bought several pieces of equipment off the government on-line auctions. Most of what I buy, I expect to have to do some renovation and repair, but most items are basically sound and well maintained.

    Lots of good rules mentioned so far - always know what you are willing to spend, and don't get too enamoured with anything. Sometimes an item will go high, but a similar item may sell a couple weeks later for much less. Online auction prices are region dependant - some stuff is more common in some areas and prices will go lower. Good if you are willing/able to travel to pick up, but that increases your cost.

Page 3 of 3 FirstFirst 123

Similar Threads

  1. :) New TBN Jacket now up for auction for charity
    By tallyho8 in forum Rural Living
    Replies: 67
    Last Post: 08-05-2010, 10:20 AM
  2. Buying a Massey 1531 TLB
    By 3dayfunk in forum Massey Ferguson Buying/Pricing
    Replies: 8
    Last Post: 04-13-2009, 11:42 AM
  3. Buying a 1531 TLB
    By 3dayfunk in forum Buying/Pricing/Comparisons
    Replies: 6
    Last Post: 03-30-2009, 10:09 PM
  4. BUYING USED EQUIPMENT AT AUCTION
    By NATTYBUMPO in forum Attachments
    Replies: 19
    Last Post: 08-27-2003, 11:15 PM
  5. Buying Vehicles Below Invoice
    By dmccarty in forum Rural Living
    Replies: 18
    Last Post: 12-06-2001, 05:00 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
© 2014 TractorByNet.com. TractorByNet is a registered trademark of IMC Digital Universe, Inc. Other trademarks on this page are the property of their respective owners.