5 Benefits of Procuring Heavy Equipment at Industrial Auctions
Procuring heavy equipment and machinery at industrial auctions has numerous benefits, ranging from monetary optimization to access to a wide range of equipment. So, what makes this market channel so appealing? In this blog, Infinity Asset Solutions, a leading industrial auctioneer and liquidation company in Concord, Ontario, explores these benefits in detail.
What Are the Advantages of Getting Heavy Equipment from Industrial Auctions?
Highly Cost-Effective
Compared to purchasing new heavy machinery, procuring it through an industrial equipment auction is much more cost-effective. Buyers can get all the benefits of the heavy equipment at a fraction of the retail price. This also frees up more budget to purchase other vital equipment.
Avoids Steep Depreciation
Industrial equipment auctions also help avoid the initial steep drop in depreciation that heavy equipment suffers in its first years. With new purchases, on the other hand, the depreciation is steep and begins immediately. Therefore, this is a reliable way to purchase quality equipment, which can also be auctioned off in the future once its utility is complete.
A Professional Mediator
Organizers of industrial auctions are often highly professional with all the required credentials. This makes the overall process smooth and reliable. Right from bidding to getting access to the equipment, all processes are carefully vetted, ensuring trust and guarantee.
Access to a Wide Range of Equipment
An underrated benefit of industrial auctions is that they provide access to a wide range of equipment. Heavy equipment, which may be unavailable in a specific budget range or geographic area, can be available at a particular auction. The same goes for older models or models that have become obsolete elsewhere.
Quick And Easy Access
Once the hammer price is decided, it is easy to get access to the heavy equipment you purchased. Depending on the pre-arranged transportation agreement, the auctioneers can send the equipment to you, or you can pick it up to transport to your facility.
Conclusion
Industrial equipment auctions are an excellent way to procure heavy industrial equipment as they offer a multitude of benefits, such as easy access, professional vetting, cost-effectiveness, and reduced depreciation. To enroll in such auctions, contact us at Infinity Asset Solutions today. We are a business liquidation company that specializes in industrial equipment auctions, including surplus equipment and used industrial equipment. For any inquiries, contact us today at 905-669-8893.
FAQs:
What are the main uses of heavy equipment?
Heavy equipment and machinery are mainly used in the mining, construction, and manufacturing sectors.
How to enroll in an equipment auction?
To enroll in an equipment auction, first see if it is online or on-site. Then, contact the auctioneer to learn more about their specific enrollment procedure.
