5 Aspects To Prepare Your Equipment for Plant Auctions

Equipment liquidation through plant auctions is a natural step towards successfully moving your branch or closing shop. Plants often have heavy machinery that's difficult to sell using retail or online means. Plant auctions find qualified leads willing to look into your offers and give you great profits from your used plant equipment.

Everything Should Work Fine

Before anything else, your heavy machinery or equipment for sale should work properly. Auctioneers have stringent quality checks that ensure their buyers get superb quality from pre-owned equipment and business liquidations. Keep records of the machine's maintenance, repair, and cleaning at all times.

Research Asking Prices

In most cases, you'll sell your old equipment at a much lower price than you bought it because of depreciation and supply of new and improved equipment similar to yours. However, your research may reveal high asking prices due to the heavy equipment's rarity, unique functionality, well-known durability, or other characteristics.

Give Out All Technical Information

Sellers who strive to remain as transparent as possible. Buyers will ask you questions, ask for specific records, and want your full cooperation in discussing your machine's technical data. Be sure to have special explanations for some known manufacturing issues your equipment model has to the potential buyer.

Keep All Records

Your accounting department has kept the complete records of your equipment the first moment it stepped foot in your branch. Reputed and well-researched customers will take this record-keeping and transparency in good faith. Ask them for proof of purchase billing, repair receipts, repainting, and other services the machine received during your ownership.

Find a Trustworthy Auctioneer

Lastly, look for a trustworthy auctioning team that gives you top-notch auctioning services with fair profits from your liquidation business.

You can always count on Infinity Asset Solutions to provide the best auctioning service in the country. Contact us today to get started with your plant auctions.