5 Reasons to Buy Used Equipment from an Auction

Auctions at HGR
We already know who has the largest industrial surplus showroom in the galaxy, but did you know that HGR Industrial Surplus partners up with Cincinnati Industrial Auctioneers to market auctions? These auctions are great opportunities to get working machinery to help support your current business with little to no downtime. Do you want 5 more reasons to purchase machinery from an auction? Consider this list the next time you are ready to purchase equipment.

1.Industry Specific– The majority of auctions are very specific in what the have to offer. While they offer variety in brands, makes and models, they may also have those specialty items only someone in your industry may need. There may be a lathe, drill press, or mill set up with your business in mind. This is a great opportunity to expand your business and grow at a lower cost.
2. Testing the Machine – Reputable auction companies allow potential buyers to inspect the machinery prior to being auctioned. This machinery is typically in current working environment and under power, allowing buyers to see the working condition of the item. This will be valuable information to have before you place your bid, and it eases the tension on bidding on the item, given that you have seen it in working condition. Since you are getting this piece of equipment directly from the user, it most likely will have some maintenance records with it to give you insight into the machines history.
3. Easy to Bid – Maybe the idea of fighting in a room full of people waving your paddle around, while an auctioneer rattles off numbers at an insane speed seems a bit intimidating. I agree, but most auctions currently allow you to bid online and save yourself from being inside of the scrum. After you see the equipment and inspect it, you can sit at home with a cup of coffee in one hand and your dog curled up at your feet while you bid away effortlessly.
4. Titled Equipment – When you make a large purchase like machinery, getting a title grants you the safety needed to make the purchase without question. This is one of the benefits from purchasing the machinery directly from the user.
5. Financing – Not all auctions offer financing, but those that do understand machinery and the true value of it. A bank may not understand the cost of used machinery or the value and is less likely to provide a loan for it. Auction companies that offer financing will allow you to grow your business without emptying the accounts to do so.

Take a look at a few auctions HGR is currently marketing.

8-7-19 Coil Springs Manufacturer
8-14-19 Automotive Stamping Facility Auction

Do you have any interest in auctioning off your surplus equipment and supplies? Make sure you contact JMiller@hgrinc.com to see if an auction would be something of interest to you or your businees.

courtesy of Joseph Powell

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