How to Know What to Buy at Farm Auctions
Tuesday, November 29th, 2022
Farm auctions provide a wide variety of equipment at affordable prices. You may already have your mind set on what you want to buy and where it is available for auction, but if you’ve never been to a farm auction, you may not know what you’re getting yourself into. If you’re not careful, you may end up losing money instead of saving it.
Our experienced auctioneers at High Plains Auctioneers have years of experience hosting, planning, and servicing auctions. We deal with all types of auctions, from real estate auctions to estate auctions to farm auctions. If you aren’t sure how to know what to buy at farm auctions, let us help you navigate the process.
Buying New vs. Used
When you are in the market for farm equipment, you first need to determine whether you want to buy new or used. While having a brand-new tractor is more exciting than buying a used one, the significant price difference may have you opting for the used version.
Farm auctions are a great place to buy farm or construction equipment at a lower price. Sellers are there for business, so do your research before getting the best machine at the lowest prices. Inspect the equipment up for bid to ensure high quality. You can even bring a mechanic with you to the auction to help you make a more informed decision.
Be Prepared
Keep the following things in mind whenever you are ready to make a large purchase. No matter what you’re in the market for, these tips will help you get what you want at a price you can afford.
- Research the items you’re interested in: Look up different brands and features and establish which ones are essential. Know what the lifespan of your equipment is. If it’s used equipment, you want to ensure you see it before the bidding starts, check the engine, and ask questions about the previous owner.
- Warranty is essential: As you are doing your research, make sure you keep an eye out for the machine’s warranty. Even if it’s used equipment, newer models may still have some time left on their manufacturer warranty, which can cover necessary repairs.
- Remember maintenance: You want to ensure that once you buy your equipment, you can stay on top of its regular maintenance. If an old model is up for auction, ensure that the manufacturer is still in business. If it is not, stay away from that model because replacement parts may be hard to find if something goes wrong.
Ready to Buy at a Farm Auction?
The key to a successful farm auction is being knowledgeable. At High Plains Auctioneers, we know farm auctions inside and out, and we can help make your farm auction experience a success. If you are in Dalhart, TX, and you’re ready to buy at farm auctions, go with an auction company that knows what they’re doing. Call us at 806-244-6776 and ask us about our upcoming auctions.