Dollars & Sense

By Max Heine

Dollars and Sense: A little-known sales venue

By Max Heine | October 01, 2009

3 Be prepared to deliver your equipment anywhere from three days to three weeks before the sale, depending on the auctioneer.

Buying at auction

1 After determining the auction you plan to attend, order the brochure for that event or study the inventory online.

2 Establish your financing: a check with a bank’s guarantee, a wire transfer, a cashier’s check or, in the case of Ritchie Bros., on-site financing through CitiCapital.

3 Show up early enough at the auction to inspect equipment and register for a bid number.

Resources

Ritchie Bros. Auctioneers

http://www.rbauction.com/transportation, (800) 211-3983

Taylor & Martin

http://www.taylorandmartin.com (800) 654-8280 n