Buying at auction can save serious money, but only if you do the homework before the bidding starts. Use this plan for any live or timed sale.
1. Decide what you need and what it is worth to you
Write down the machine type, size class, attachments and the number of hours you can accept. Then set a maximum price that already includes everything else you will pay: any buyer fees, sales tax, trucking, and the repairs or service you expect to do.
2. Research real market values
Look at what comparable machines of the same make, model, year and hours have sold for recently. Auction results and dealer listings both help. A range is more useful than one number, because condition and location move prices.
3. Preview and inspect in person
Equipment at Lyon auctions is open for preview five days before auction day. Go if you can, or send someone who knows the machine. Use our inspection checklist. If you cannot attend, ask questions by phone and review the catalog photos closely.
4. Read the terms before you register
Every auction catalog lists the terms of sale: how payment works, when equipment must be removed, and any fees. Read them first so nothing surprises you after you win.
5. Register early
Create a bidder account on Proxibid or Lyon Auction Live before auction day, so approval is not what holds you up.
6. Pick your bidding style
At a live auction the auctioneer sells lots in order, and you can bid in person or online in real time. A timed auction runs online until a closing time. Decide your maximum before you start, and stick to it. The most common mistake is bidding past your number in the moment.
7. Plan pickup and trucking
Know how you will move the equipment before you bid. Check the removal deadline, the size and weight of the load, and whether you need a permit or a specialized trailer.
8. After you win
Pay according to the catalog terms, collect the paperwork, and inspect the machine again at pickup. Schedule fluid changes and a full service soon after, since you may not know its service history.
Questions on any step? Call 315-633-2944.