Capital Equipment News April 2023

USED EQUIPMENT

Build a fleet, or simply bid at an auction

P reparing for an auction seems like a daunting task when you’re new to that process of buying. But because used equipment and parts are available at auctions throughout the year, and there’s an opportuni ty for cost-saving, auctions are a terrific way of buying equipment for individual needs. And thanks to technology, it’s easier than ever to get the hang of the bidding process. Director and Head Auctioneer at Park Village Auctions (PVA), Clive Lazarus believes that the best way to learn is to register and watch in-person or online auctions without buying. “Do your homework in the marketplace beforehand and see how the auction proceeds,” he adds. The auction age Online auctions have made it possible to bid from anywhere in the world, and as a

Belt tightening might start at home, but in the current economic climate looking for used equipment can also free up budgets and allow work to continue as usual in a range of industries that use the equipment. Park Village Auctioneers gave Capital Equipment News insight into the world of auctions, writes Adriaan Roets .

“Viewing is essential, mandatory. It’s not an optional extra. You cannot test-drive a vehicle. You are allowed to inspect the engine with the naked eye. The auctioneers must disclose all the information they have on the asset. For example, if the unit is a non-starter and a service history is available.”

Clive Lazarus, Director and Head Auctioneer at Park Village Auctions (PVA)

TALKING POINT

CAPITAL EQUIPMENT NEWS APRIL 2023 12