Online auctions?

[skramer360]

I'm looking to add a piece of equipment to my stable and have seen some like what I want at online auctions. A couple of questions for the group.

1. Are they reputable. Specifically, I was looking at Auctiontime and Richie brothers, and I think I saw one called Purple.
2. Besides the buyers premium, sales tax and wire transfer fee, are there any other fees to look for?
3. What have been your experiences buying from these type of places.
4. Are there any other online auctions where I should look for farm and or light construction equipment.

OK maybe 4 questions.

 

[dodge man]

Richie Brothers and Big Iron are the only ones I’ve heard of. I’ve got no personal experience buying from these places but are you comfortable buying sight unseen? I wouldn’t be unless it’s something like a blade or other lower priced item.

 

[oldnslo]

My son has bought a couple items from a local online auction where he could physically drive to site and look at equipment before bidding. He said to be sure to read ALL the fine print since there are potentially some hidden or unexpected fees explained in the fine print.

Wish you the best in your search

 

[caver]

Purple Wave. That's the one a local rental shop used to sell something I was interested in. We have a local farm equipment auction in Miner MO called Dewitt. they have a big auction I believe first Monday of every month.

 

[Carl_NH]

Proxibid is used by most local auction houses - there are the normal fees for internet bidding, and then the auction fees, state tax if applicable.

I have seen good deals on attachments and would not have any issues buying site unseen, but for anything mechanical would prefer to have eyes on it and see it running etc.

Which means getting a local appraiser/mechanical inspection done.