Connect with us
Buying Machinery At Auction Buying Machinery At Auction

Featured

Buying Machinery At Auction

 

 

Advertisement

The Condition Of The Machine

When you buy anything online, the experience is unsettling for you. Online auctions have become popular and are where most people visit when they want to sell their underutilized machinery.

Advertisement

You need to make sure you have a condition report on the machine before you can bid on it. some auction houses are going to provide you with the report if you ask.

If the location of the machine is not far, then you can go and inspect it in person. You can bring along a trusted friend who is going to help in inspecting the machine.

Advertisement

If this isn’t possible, then pay a local mechanic to help you inspect the machine you are interested in.

 

Advertisement

Retail Price vs Auction Price 

This is an important thing to consider because in the past auctions provided buyers with a place they could get machines at a bargain. The internet has made life a little easy and auctions can be done online.

Advertisement

Online auctions are handling a lot of transactions daily because it has become the go-to place for many people. One thing that has happened in the auction “bargain” price becoming the auction “retail” price. If you check out eBay, you will see the “buy it now” option is popular.

You need to research so you can know the difference between a “retail” price and a “bargain” price. There is no need of paying more than needed when buying a machine when you can visit the Surplus Database.

Advertisement

 

The Service Records 

Advertisement

Before you buy a machine, you need to ensure that you can service the machine.

If you are good at mechanical stuff, you can do it yourself. If you have to rely on a mechanic to repair or service the machine, make sure you can get the service books or advice from an OEM if needed.

Advertisement

One thing you have to keep in mind is the machine is going to break down at some point and the important thing is how long is it going to be down. You can save yourself a lot of time when you have the service manuals and you need to work on the machine after it breaks down.

 

Advertisement

Spare Parts Availability

Spare parts are very important because you will need them when the machine breaks down. When you buy from an online auction and see a good machine from a brand that is unfamiliar in the marketplace, ask yourself whether you are going to get spare parts easily.

Advertisement

If the machine is from a foreign brand, then it is going to be hard to get genuine parts when you need to repair the machine, which will complicate things a lot.

There are few dealers who will have the reach to get international parts when you need them.

Advertisement

 

Machine history

Advertisement

This is going to go hand in hand with the condition of the machine. you will find many machines at the online auctions that are reported to have low hours of operation, but they are not. The owners gave it a quick “liquid overhaul”.

You need to know where the machine was before. The place where the machine was previously is going to have a big impact. A machine that has 1000 hours of operation in a fruit shop is different from one that has 1000 hours of operation in a foundry.

Advertisement

 

Transportation costs

Advertisement

Many people overlook this when buying machines online. They realize it when it is too late. When they realize the machine is in another state and they have to spend it the moment they realize they have made a mistake.

Make sure you factor in the transport cost when calculating how much you are spending on the machine. You might be surprised to find that you could have bought it locally at the same price.

Advertisement

Warranty

When you buy a machine from an online auction, forget about getting a warranty with that purchase.

Advertisement

The machinery is most of the time sold as it is unless it is stipulated. If you get the machine and you start using it then you realize it has broken down a few days later, you don’t have a warranty that covers the purchase.

You have to meet the full costs of repairing the machine.

Advertisement

The condition of the unit, service availability, and spare availability is very important if you want to keep it running.

 

Advertisement

The afterlife

You need to think about what you are going to do with the machine after you are done using it.

Advertisement

Is it easy to resell it? Can you relist it on the online auction and then sell it? Are you going to own the machine until the end of its natural life?

It is a good idea to have a disposal plan for any machinery you purchase.

Advertisement

 

Advertisement
Advertisement

Stay updated! Click the Google News follow button for more news and updates.

Follow on Google News

Featured

Carmen Bryan’s Cryptic Post Stirs the Pot in Jay-Z Controversy

Jay-Z

The hip-hop industry currently faces substantial controversy as Jay-Z finds himself in the eye of a storm. Allegations of sexual assault stemming from a 2000 afterparty involving the illustrious rap mogul and disgraced music executive Diddy have ignited fierce public debate. While Jay-Z categorically denies the accusations and expresses his intent to contest the lawsuit, the court of public sentiment appears to have already rendered its verdict. Further complicating this turmoil is the involvement of Carmen Bryan, a name from Jay’s contentious history, which has added a chilling layer to the evolving situation.

Carmen Bryan, recognized for her decade-long affair with the Brooklyn rapper, recently took to Instagram with a cryptic yet pointed post. Although she refrained from naming anyone directly, Bryan suggested that loyalty often supersedes ethical morality in cases involving influential individuals. “These days, people don’t defend what is right; they defend who they like,” she wrote. Her parting shot, “And that’s why we call you a groupie,” felt like a verbal mic drop, leaving little doubt about who her words targeted.

Advertisement

The intrigue didn’t stop there. Bryan shared a snapshot of Jay-Z’s lyrics from his 2010 track “Monster,” honing in on a particularly unsettling line: “Kill a block, I murder the avenues, I rape and pillage your village, women and children.” Though these lyrics were part of a more extensive metaphorical verse showcasing a “monster” persona, their resurfacing in this context feels calculated and ominous.

Bryan is no stranger to controversy, having previously aired her grievances toward Jay-Z. In her 2006 memoir, It’s No Secret: From Nas to Jay-Z, Seduction to Scandal, she detailed their affair and its tumultuous fallout. Additionally, she revealed in a 2017 interview that she had been pregnant with Jay-Z’s child, only to suffer a miscarriage. The relationship, fraught with personal and public conflict, remains a blemish on Jay-Z’s meticulously crafted, otherwise carefully curated narrative. Carmen Bryan’s multifaceted approach raises pertinent questions: Is she simply sharing her perspective on morality in the industry, or does she possess additional undisclosed knowledge?

Advertisement

While the allegations against Jay-Z are still under legal evaluation, Bryan’s Instagram post has reignited another dimension to the complex and polarizing discussions about power dynamics, accountability, and the ethical responsibilities of those influential individuals in the spotlight. Her courageous decision to use Jay-Z’s lyrics against him paints a stark picture that forces fans and critics alike to reckon with the blurred lines between art and reality.

As the legal proceedings involving Jay-Z progress, the public remains split amid this developing saga. While Jay-Z’s peers have predominantly expressed skepticism toward the allegations, the enduring legacy of this iconic figure hangs in precarious balance, with shadows from the past casting long and potentially damning silhouettes.

Advertisement
Continue Reading

Featured

Jay-Z Engrossed in Fresh Allegations as Tony Buzbee Claims More Victims

Jay-Z

In a stunning twist to an already high-stakes legal dispute unfolding with the intensity of a Hollywood thriller, Jay-Z, one of music’s most preeminent figures, finds himself at the center of an explosive allegation involving minors. This drama stems from accusations brought forth by attorney Tony Buzbee and has escalated a conflict that began with a lawsuit over alleged extortion. Buzbee, who represents a woman accusing the music mogul of sexually assaulting her at the 2000 MTV VMAs afterparty, claims there are additional alleged victims, involving both male and female minors.

Jay-Z and his attorney, Alex Spiro, aren’t backing down. They have initiated a countersuit against Buzbee, vehemently denying the allegations and characterizing them as “entirely fabricated and malicious.” Spiro’s filing asserts that Buzbee’s accusations are part of a calculated scheme to tarnish the rapper’s reputation and coerce a settlement. “These baseless accusations are nothing more than a weapon in a calculated plot,” Spiro stated, doubling down on their stance that the allegations are devoid of any factual basis.

Advertisement

The case took another dramatic turn when the woman Buzbee represents amended her lawsuit against Diddy to include Jay-Z. The timing of the amendment and the salacious nature of the claims have fueled a media frenzy, leaving the hip-hop icon fighting a battle both in the courtroom and in the court of public opinion.

Late Sunday, Jay-Z fired back with a defiant statement on X (formerly Twitter). “What he had calculated was the nature of these allegations and the public scrutiny would make me want to settle,” he wrote. “No sir, it had the opposite effect! It made me want to expose you for the fraud you are in a VERY public fashion. So no, I will not give you ONE RED PENNY!!”

Advertisement

This case is now racing against the clock, with Jay-Z’s legal representatives seeking an emergency hearing to address the allegations. Their urgency stems from the relentless media coverage, which poses a substantial risk to the Roc Nation founder’s reputation. This matter extends beyond a mere legal confrontation; it encompasses significant implications beyond the courtroom, a fight for his legacy.

The stakes are exceptionally high. Legal counsel Buzbee hints at the potential existence of additional alleged victims, thereby intensifying the spotlight scrutiny placed on both parties involved. With careers, reputations, and justice on the line, this legal showdown is poised to become a critical juncture within the music and entertainment industry. For fans and observers alike, the unfolding circumstances prompt inquiries regarding the veracity of the claims and the tactical weaponization of reputation in the court of public discourse.

Advertisement
Continue Reading

Video Of The Week

Trending