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.

 

[skramer360]

Just to follow-up, I have bought sight unseen before and have done well. Not that that means I couldn't get burned, obviously. Also, what I'm looking to buy is one of the new inexpensive Chinese mini-excavators. I figure I'm less likely to get burned on a new piece than a used piece.

 

[RayIN]

Check out a dealer: AGT and CFG Industrial Mini Excavator and Mini Skid Steer Loaders

 

[Carl_NH]

Most of the auctions on Proxibid (under industrial equipment) have the Chinese mini excavators. just know what to look for.

I would stay away from the small gas units and look for diesel and they usually have an 18 or 20 as part of their model designation (roughly meaning 1.8 or 2 T) which actually are 2800-3300Lbs)

I have seen the diesel's go for $7K which after 10-12% fees, tax you're in it for $8K which is not bad, but you can pay $9-9.5K (Terror XVIII like mine) from ebay delivered to your door.

 

[jfsawatzky]

Hibid.com is another