Comprehensive Guide to Prepare Machining Equipment for an Auction

An equipment auction is an excellent way to procure quality machining equipment. Similarly, it is an excellent market channel to list and sell machining equipment. However, to ensure the best sell price for a particular equipment, it’s essential to maintain it in excellent condition. This guide covers the basic steps to prepare your used industrial equipment before it is listed for an equipment auction.

How to Prepare Machining Equipment for an Auction?

Inventory and Documentation

The first step is gathering comprehensive data on the machining equipment to be put up for auction. This includes various details such as make, model, serial number, various features, specs, upgrades and more. The next step is to gather all relevant paperwork pertaining to the equipment. This includes history of wear and tear, repairs and maintenance logs, proof of purchase, existing warranties and more. 

The last step in this segment is a thorough equipment appraisal. This covers a detailed inspection of the used industrial equipment to make sure it is working optimally. This step will help maintain transparency with prospective buyers.

Thorough Cleaning and Maintenance

The next segment of preparation involves thorough cleaning and maintenance. This includes:

- Deep Cleaning: Make sure the machining equipment in question is properly cleaned and all dust, grease, grime and other contaminants are removed. A great visual impression exponentially increases the chances of a good bid.
 
- Perform Basic Maintenance: This covers functional aspects of the equipment. Remove any worn-out parts and get them repaired or replaced, make sure the bearings are working properly, and joints are properly lubricated. The information gathered from the equipment appraisal should provide an estimate of the overall repairs.

- Highlight Upgrades: Lastly, if the machining equipment has had any major upgrades, make sure to highlight them. This will generate more interest in the equipment during the industrial equipment auction, making it easier to sell.

Infinity Asset Solutions conducts quality industrial equipment auctions, business liquidations, equipment appraisals and more. With decades of experience, we guarantee the best return on your investment. For more details, contact us today at 905-669-8893.