Construction equipment, when it is new, can be quite expensive. If you have construction equipment that is no longer in use due to a change in your business strategy or some other reason, it may be worthwhile for you to sell the assets rather than letting them sit idle and depreciate. If you have been strategizing on where to sell used construction equipment, this article provides various places to sell such equipment quickly and easily.
Auction sites are considered one of the best places when examining where to sell used construction equipment. Many different construction equipment auction sites specialize in selling used construction equipment. These websites have various items from various manufacturers, from Bobcats to cranes, from an excavator to compactors.
The primary goal of an auction site for construction equipment is to sell heavy machinery and large tools to other professionals in the industry. They do so by incorporating auction law whereby they host physical auctions where buyers can come and bid on various machines and tools available at the location or online through live streaming video feeds provided by each website. To prepare potential buyers for these auctions, they also provide guides and articles about purchasing used equipment and choosing between new or slightly used models. These articles often include: how to determine what type of machine you need based on your job site specifics, what to look for in a used machine and how different manufacturers compare, and questions to ask yourself when purchasing used equipment.
In addition to their informative articles, these websites also offer ways for buyers to manage the bidding process before and during an auction. This is done by offering a registration page where interested parties can create an account and bid on equipment before the event date. At the live auction, each registered user has their bidding sheet, which they use to track their bids and purchases throughout the sale. After an auction, the website will automatically e-mail all successful bidders with information on how and when they can pick up or arrange delivery for their new machinery purchase. Be sure to consider this option when making necessary arrangements on where to sell used construction equipment.
Your Local Construction Equipment Dealer
If you are contemplating where to sell used construction equipment, your local construction equipment dealer may be the place for you. Construction equipment dealers purchase machinery from people like forklift repair companies who need to sell their old machines, use them as trade-ins on new models, or upgrade their current machines. Construction equipment dealers also buy used machines directly from end-users like contractors and businesses that do not always keep their machines running throughout the year. So if you find yourself with an extra piece of heavy-duty equipment in your garage, it would be worth checking out what your local construction equipment dealers have available for purchase. Not only is it a quick way to get rid of the machine, but you can also make some extra cash.
Selling your used construction equipment to your local construction equipment dealers will take some time and patience on your part. First, call around and speak to dealers in your area, ask them what they are currently buying machines for (rent or sale). For instance, they may be willing to buy a crane to offer crane rental services and how much they are willing to pay for various models. Be sure to check several different dealerships because prices may vary depending on where you go. If possible, look at similar equipment recently sold at other dealerships so you have an idea of what price range the dealer should be in. Also, consider how many hours are on the machine. If there are 250 hours logged since it was purchased new, the machine will go for less than if there were only 50 hours on it.
The next step is to contact an experienced dealer who can come out to inspect your used equipment and give you a price range on what they can pay for it. This process shouldn’t take more than one or two days, so be patient while the machinery specialist gets back to you with a quote. If you are happy with their offer, have them put together a bill of sale listing all the necessary information, including where the purchase took place, date of purchase, payment amount and terms, if any, etc. You may also want to take pictures of the machine before removing any decals or markings that show its original make and model. Then once everything is in order, have the machine transported to the dealership or have it picked up by a local hauler or a machine moving company.
Once your construction equipment has been sold, you should receive payment promptly. If you are selling to a smaller construction equipment dealer that is just starting, they may need time to sell the equipment for you before paying you. Be sure to ask any potential dealers what their terms are before selling them your used machines. When your deal has been finalized and all parties agree with the terms, that means it is time for you to move on and put that piece of equipment behind you, hopefully with some extra money in your pocket.
Local Construction Companies
If you own used construction equipment and need to make some money, or if you want to save on the costs of purchasing new equipment, selling used construction equipment is a good option. One way to do this is through local construction companies.
If you live in an area that has many small and medium-sized construction firms, they can be a great place to sell your used construction equipment. These companies may not have in-house departments dedicated to buying and selling this kind of product, but they often purchase new equipment in parts and stages to meet their needs throughout the year.
When it comes time for them to replace aging tools with newer models, these companies look at the second-hand market as part of their strategy for keeping costs down. So, local construction companies are good to look at when deciding where to sell used construction equipment.
Construction Equipment Blogs
Construction equipment blogs serve as a place where construction equipment owners and sellers can connect with interested buyers. They often contain reviews on different types of construction equipment, helpful tips for maintaining them, and even information about the best events to attend. As more people become interested in owning heavy machinery, the demand has increased, many people selling their used equipment online. The popularity of these websites is increasing because they provide a unique opportunity to buy something and get targeted advice from experienced users. Furthermore, you don’t have to pay any fees or commission on the sale if you use such resources; you publish an advertisement there at no cost. Three main reasons draw attention:
Free listings: The main reason to use construction equipment blogs is the free listing. You can get your equipment published for free within minutes of posting it on the website. Most of them are designed to provide people with an opportunity to sell their heavy machinery while saving time and money. A huge advantage of these resources is that you don’t need any special knowledge to use them. All you have to do is fill out some simple information about your construction equipment, upload some photos and publish it online.
High traffic: Construction equipment advertisements on websites like Construction Equipment Guide or Construction Equipment for Sale are very popular because they bring more buyers and provide free advertisement opportunities. The key features of such websites include high traffic numbers (total monthly visits), a high number of page views, a high number of visitors per month, and great page rank.
Great variety: Many websites offer users an opportunity to post their advertisements, but only a few provide them with a great variety of options to choose from. When it comes to construction equipment blogs, you are assured of great variety for construction equipment sales. Such benefits make the blogs a good place when making plans on where to sell used construction equipment.
The website Craigslist is a place where people can buy, sell, and trade all types of items. The site allows users to create free advertisements for anything they would like to purchase or sell. If you do not know where to sell used construction equipment, do not hesitate to run to Craigslist. Craigslist contains several specialized sections that cover nearly every type of product you could imagine buying or selling. One section on the website is dedicated solely to construction equipment. This part of the site features industrial tools such as welding wire to heavy machinery and trucks and trailers used specifically in construction projects.
Are you thinking about where to sell used construction equipment? Estate sales are a great place to do so. Estate sales are usually held to sell the possessions of an individual who has passed away through the help of their attorney. The company running these kinds of sales has professional expertise in how to hold them, where to hold them, and the best time for them. This can be convenient for those who want to maintain a low profile while selling used construction equipment. The sale will also include other items, so it won’t seem suspicious if someone comes in with various pieces of heavy equipment for sale.
There are additional benefits associated with estate sales too. Those who are selling their construction equipment need to bring it into the site that has been designated as the location where the estate sale will be held. The company running the estate sale will price the construction equipment and sell it for them. These events are considered hassle-free for everyone involved. The process can be done quickly because there is no need to advertise, box up items, or send them out to a bidding site for buyers. This makes selling such equipment through estate sales a convenient option when examining where to sell used construction equipment.
Construction Equipment Guide Magazine Classifieds Section
Construction Equipment Guide is a magazine that is devoted to the construction industry. The magazine offers news, articles, and updates on things happening in the field of construction. The magazine also prints classified advertisements for people who want to sell their used equipment or buy it at reduced prices.
The magazine prints the advertisements so that construction workers can continue buying and selling without searching through libraries of phonebooks for listings. People do not usually buy used equipment unless they are getting it at a discounted price. It means if someone wants to get rid of their old asphalt roller because they just purchased a new one, they will probably be willing to let it go very cheaply or even give it away.
The classifieds section of the magazine primarily focuses on heavy construction equipment because it has a much higher price tag than other types of used equipment. The most common pieces of heavy construction equipment are bulldozers, compact excavators, motor graders, crawler tractors, forklifts, scissor lifts, skid steers, asphalt paver, track loaders (backhoes), and wheel dozers. These machines can cost anywhere from $30k to more than $1M depending on the condition and features they come with. Some less common types of equipment also come up in advertisements, such as bulk material handlers, backhoe loaders, and high lifts.
The section is separated into three categories: heavy-duty equipment, light-duty equipment, and miscellaneous. Heavy-duty covers the most expensive equipment used to move landscape features, dirt, asphalt, etc. The second category, light-duty, covers equipment that does not cost as much because it has a smaller price tag or specializes in tasks such as sawing wood or digging ditches with less power than bulldozers require. Finally, the last category includes trailers, excavation tools (shovels, picks), scaffolding/forms/accessories for formwork/bridging/shoring, and other equipment like wiping rags that do not fit into specific categories. It is probably a good option when selling your used construction equipment.
When you are contemplating where to sell used construction equipment, many factors need to be considered. Once you have identified what you are looking for in terms of machine size, brand, function, etc., it is important to look into the various resources available in your area where buyers can come together. When you are selling heavy machinery, there will be several options open to you. It is recommended that you do some research beforehand to know which methods work best in your local area to ensure this process goes smoothly.