Used CNC Machines
CNC machines revolutionized the manufacturing world, and this is apparent by the current boom in the industry. Whether you’re in the market to buy or sell this machinery, your research has likely come across IRS Auction as an option. Many folks fear there may be hurdles to entering this marketplace, but in reality, it’s a simple process that has only gotten easier over the years.
If you’re new to the world of heavy equipment auctions, this guide will provide a crash course to get you started. Whether you’re buying to start a new business, selling to downsize, or replacing old equipment during upsizing, you’ll find all the answers you need right here.
How to Buy Machinery at CNC Auctions
Buying a used CNC machine is simpler than selling one, so that’s where we’ll start our in-depth guide. The one thing you should remember is that both live and online auctions offer benefits. Regardless of the setting, there are more listings than ever before due to coronavirus closures. Whether you’re online or at a live CNC auction, keep the following tips in mind.
Choose a Reputable Auction Company
Once you know how to register for machinery auctions — a simple process — everything should be fairly straightforward. If you don’t choose a reputable auction house, you may not get what you pay for. IRS Auction has been in business for more than 40 years and is trusted by thousands of customers every year!
Do Your Research
It’s important to know exactly what you need, what you’re looking at, and what a fair price is at a CNC auction. Check out how much similar machinery is going for in your area.
Consider Every Cost
Pay attention to any buyer’s premiums. Keep in mind that you’ll probably have to pay for shipping or even to have professionals dismantle the equipment.
Abide by Payment Terms
Review payment terms before placing a bid. Sellers may want a wire transfer, check, or cash. You should pay attention to specific terms such as “pay-by dates.” Always make sure you understand payment terms before bidding.
Buying at a CNC auction is a straightforward process when you understand it. By following these simple rules, you can get some great deals on exceptionally used CNC machines.
How to Sell Your CNC At Auction
Selling used CNC machinery can be a simple endeavor if you choose the right auction company. Whether you’re closing up shop for good or looking to sell so you have more money to buy machinery for your business, IRS Auction is the way to go. Here are a few tips to help you be more successful when selling your equipment.
Note the Condition
Auction prices on everything from used cars to antiques have gone through the roof recently, so you’ve got a great opportunity to make some money. Before that can happen, you need to describe your machine’s condition accurately. Bring in an inspector if necessary.
Document, Document, Document
Do you know the exact specifications of the equipment you’re listing in a CNC auction? Do you have maintenance records showing you’ve cared for it over the years? Gather as much information as possible so buyers can make a more informed decision.
Clean It Up!
A little spit-shine can go a long way in raising the value of a used CNC machine. Of course, by “spit shine” we mean using industrial-strength degreasers, mirror glaze compounds, and metal polishing cream to make your equipment look as close to showroom-floor perfect as possible.
Get Great Imagery
No matter how well you’ve taken care of your machinery or how clean you’ve got it, sloppy images simply won’t do it justice. Take several well-lit, high-quality photographs so buyers can see how impressive your equipment is. Recording a video of the machine in action is also recommended.
List Your CNC Machine
Once you’ve prepared your heavy equipment to get the best price possible, it’s time to list it at a CNC auction. If you’re doing a small local auction, you’ll need to reach out to them for more information. If you want to get the most for your machinery through a national service like IRS Auction, it’s as simple as signing up on our website.
Get Started with CNC Auctions Today
Attending auctions to buy or sell equipment — or simply doing it online — is only as hard as you make it. Many businesses have thrived in the world of auctioning used CNC machines, and this only got easier when digital sales came around. If you’re looking for the simplest way to enter the world of CNC Auctions, we think our 40 years of experience at IRS Auction is the right place to start.
Click here or call us today to speak with one of our CNC Machine Auction Experts about getting started right away.