Whether you are downsizing or reorganizing your excavation company, selling your used heavy equipment in an effective manner will help you save time and money. Here are a few tips that can help you not only save time but also sell your used heavy equipment for a nice profit.
Even though your heavy equipment may have dredged through mud and been a workhorse for your business, you want prospective buyers to believe that you've taken good care of the equipment. Give it a good power wash and thoroughly clean the interior. Also, wash the undercarriage, but be careful to not use excessive pressure on hoses and belts. Touch it up with paint or repaint the entire vehicle, if necessary. Replace or repair any mechanical issues that may cause buyers to turn away from the equipment.
Gather All the Documents
Buyers are going to want to know the service history of the heavy equipment, so it's a good idea to gather all the pertinent documents that show when and where you have had maintenance done, such as oil changes, hydraulic fluid test results, and the tire rotation schedule. If the equipment has had any repairs or replacement of parts, those documents should be gathered as well. If you haven't kept adequate records, go through your tax documents to look for the expenditures and related document attachments and/or ask the mechanics you used to provide you with copies of the invoices.
Use an Online Selling Service
Selling your heavy equipment can be a daunting task when you try to sell the heavy equipment as a private seller. The main reason for this is because it can be time-consuming and take away from servicing the customers of your excavation business. Not only do you have to answer questions and show the equipment, but you also have to place ads in various places, all of which can be time-consuming. Couple this with the fact that the longer the equipment takes to sell, the more your costs will be in the long run since you'll still be paying for insurance on the equipment and any storage fees you may have.
Fortunately, you don't have to sell privately as there are online auctions and listing services available to help. They do take a small percentage of the sale to cover their fees, but they handle all the marketing, correspondence with potential buyers, and scheduling days and times for buyers to look over the equipment, which leaves your time free to focus on your excavation business.
If you are ready to sell your heavy equipment, contact a local or online selling service to get started.Share
5 March 2021
After one of your buddies mentioned that land grading is "easy" with the help of a backhoe, you might have been more than willing to run to your local tool rental shop and rent one for the afternoon. After all, how hard could they be to use? Unfortunately, heavy machinery rentals can be tricky to operate, which is why going through a little training beforehand is so important. I have been working on my yard for years, and I have learned a thing or two about heavy machinery. Check out my blog to discover how to stay safe when you work with heavy machinery.