Buying heavy equipment at an online auction can be a great way to find the machine you need. But an excavator, skid steer, loader, or dozer is a much bigger purchase than a box of tools.
Before you bid, do your homework
1. What do the listing and photos tell you?
Start with the entire listing, not just the first photo.
Look for the make, model, hours, serial number, attachments, and any information provided about the machine's condition. Review every photo closely for visible wear, leaks, damage, rust, tire or track condition, and other concerns.
Remember, all items are sold as-is, so understanding what you're bidding on matters.
2. Has the equipment been tested?
Don't assume a machine is fully operational just because it looks good in photos.
Check what the seller actually says about its operating condition. Does it start? Run? Drive? Do the hydraulics operate? Were any functions not tested?
If the listing doesn't answer something important to your decision, ask the seller.
3. Can you inspect it before bidding?
If an inspection is available, take advantage of it, especially for higher-value equipment.
An in-person inspection gives you an opportunity to see the machine for yourself and evaluate things that may be difficult to judge from photos alone.
If you know equipment but aren't comfortable evaluating a particular machine, consider bringing someone who is.
4. Are there known problems?
Pay attention to disclosed defects.
That could include leaks, warning lights, damaged components, worn tracks or tires, starting problems, hydraulic issues, missing parts, or other known concerns.
The goal isn't necessarily to find a perfect machine. It's to understand what you're buying before deciding what it's worth to you.
5. What will it take to move it?
This one is easy to overlook.
Before bidding, check the pickup location and determine how you'll transport the equipment if you win.
Ask yourself:
- Do I need a trailer?
- Is my trailer rated for the machine?
- Will loading equipment be available?
- Do I need to arrange professional transport?
- Are there attachments or additional pieces to move?
Figure out the logistics before you're the winning bidder.
6. What will the purchase actually cost?
Your winning bid isn't necessarily your final total.
Review the auction terms for the 18% buyer's premium, $1.50 item fee, applicable fees and taxes, payment requirements, and pickup information.
Set your bidding limit based on the total purchase, not just the number on the bid button.
Also keep in mind if your invoice total is over $2,000, you will be required to pay by wire transfer.
Know before you bid
Heavy equipment can represent a significant investment, so take the time to understand the machine and the auction.
Read the listing. Study the photos. Inspect when possible. Ask questions. Plan transportation. Know your limit.
Then you're ready to bid with confidence.