Common Pitfalls to Avoid When Buying Fabrication Equipment at Auctions

Equipment auctions are a popular choice for those who want to purchase quality fabrication equipment. While the advantages of equipment auctions are well known, one has to be cautious when procuring used industrial equipment from this market channel. Being aware of a few pitfalls makes it possible to make the most out of an equipment auction. Here are 4 things to watch out for.

4 Factors to Consider When Buying Used Fabrication Equipment

Neglecting Thorough Inspection

The most obvious mistake is neglecting to inspect the fabrication equipment properly. There are two elements to the inspection: visual and operational. While visual observation involves exploring small dents, cracks or spots of rust, operational observation involves checking for hydraulics, moving parts and unusual noises. 

Not Keeping Track of Maintenance Records

While some used industrial equipment might work perfectly at the outset, to understand its exact operating condition, it is vital to have access to maintenance records. These records shed light on how the machine was previously operated and its recurring problems. This helps the buyer assess the long-term potential of the equipment. 

Not Checking Seller’s Reputation

Apart from the quality of the equipment, it is equally important to assess the reputation of the seller. Fortunately, expert auctioneers bridge this gap as they only onboard trustworthy clients. Therefore, when considering the purchase of fabrication equipment, make sure the auctioneer is well-known and experienced.

Not Taking Expert Advice

Even with thorough inspection, it is valuable to enlist the services of experts when examining a particular piece of equipment. They can find flaws and features that others can’t. Thus, enlist expert equipment appraisers to truly understand the condition of used industrial equipment.

Most reputable equipment auctioneers perform their due diligence before putting a piece of equipment up for auction. 

Infinity Asset Solutions is a liquidation company that specializes in industrial equipment auctions, including surplus equipment and used industrial equipment. Get in touch with us today at 905-669-8893 to answer your queries.