AuctionZip Forum
It is currently Wed Dec 12, 2018 7:49 pm
Visit AuctionZip.com for
Live Auctions

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 5 posts ] 
Author Message
 Post subject: Consignment
PostPosted: Sat Apr 19, 2008 4:55 pm 
When you accept heavy equipment, do you sell it just as they brought it in or do you give them the option to have it fixed up for a higher fee? I know fresh paint and new rubber or tracks and hoses and oil and hydraulic fluid/filter change can do wonders to the overall price.What do you think?


Top
  
 
 Post subject: Re: Consignment
PostPosted: Mon Apr 28, 2008 4:12 pm 
Offline
User avatar

Joined: Sun Sep 16, 2007 5:53 am
Posts: 1
Its allways good to offer such services. I all ways try to have my consignors bring there equipment in working order. The beter the machine the beter the sales price!!!!!!!
Eddie Greer


Top
 Profile  
 
 Post subject: Re: Consignment
PostPosted: Mon Aug 09, 2010 5:52 pm 
Offline
User avatar

Joined: Sun Sep 16, 2007 5:54 am
Posts: 34
I do know that some buyers consider this "trying to cover up" the character of the tractor for the sake of a higher dollar.

I think that depending on what you are doing, you are merely making something old look the best it can.

In any case, I have never seen a tractor that was beat all to hockey sell for as much as one that looks new. But I think disclosing what repairs you have is the best thing you can do.

_________________
Matt Price
Blue Hound Auctions, LLC
Board of Directors
Auctioneers Association of North Carolina
http://www.northcarolinaauctioneers.org
(919) 723-1782
matt.price@ebbids.com
http://www.ebbids.com


Top
 Profile  
 
 Post subject: Re: Consignment
PostPosted: Mon Aug 09, 2010 7:49 pm 
Offline
User avatar

Joined: Sun Sep 16, 2007 5:51 am
Posts: 2409
Location: Adrian, Mi.
There is an auctioneer by name of Darrel Yoder who used to sell a lot of heavy farm equipment locally. His standard practice was to clean up and fix up equipment. This approach was very popular with both seller and buyer. The seller knew that this would actually generate more money because of stronger prices realized and the buyers were appreciative because they could buy with some confidence that they were not buying someone else's problem.

This auctioneer has moved on to bigger and better things. He now sells for Ritchie Bros. They also knew quality when they saw it!

Lyn Liechty, Auctioneer
http://www.arealauction.com


Top
 Profile  
 
 Post subject: Re: Consignment
PostPosted: Mon Aug 16, 2010 10:36 am 
Offline
User avatar

Joined: Sun Sep 16, 2007 5:51 am
Posts: 332
Did you know that MAG Mannheim Auction Group uses more auto paint than the big 3 US automakers combined?

The big auto auction companies earn a fee every time they "touch" a vehicle, wash it, move it, service it, test it, certify it.

The professional buyers know the difference between a professional job & a jackleg job.

So if you are going to offer these services, then you need to be 110% up to snuff or you are better off sticking with as-is where is and telling your sellers to have it done or work out a deal with a service provider.

Did you know that a simple detailing of a car will get at least $500 more on the auction block at a public auto auction?

Who wants to buy a dirty car?

Do your homework and see if offering these services is right for you.

_________________
William F. Burke, CAI - AARE Auctioneer

It's all in my book!
Secrets of an AARE Auctioneer
http://www.aareauctioneer.com
The Most Comprehensive & Complete Guide to selling real estate at auction


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 5 posts ] 

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
cron
Powered by phpBB® Forum Software © phpBB Group