Selling trucks? Use online truck auctions
Selling your old commercial vehicles can be difficult
. When your business needs change and your existing fleet cannot manage, usually you have no choice but to roll in a shiny new fleet that can do the job. So what do you do with your old fleet?Leaving your vehicles to rot outside is costly, it's a health and safety hazard, takes up much needed space and these assets will slowly depreciate leaving your balance sheets a little worse for wear. What do you do? Most commercial enterprises sell that at a vastly knocked down rate to the first person willing to part with their money. This goes some way to resolving the problem but it does not give you the best return. What then, are your options?
Auctions are a great way to dispose of your fleet. Rather than just sell your fleet for whatever someone will offer, place your vehicles in front of masses of people who want nothing more than to beat each other to get their hands on your vehicle. All you need to do, is place a reserve price on your lots and before you know it, you will be raking in more money than you would have done any other way. With real life' auctions there are additional costs, some auction houses may charge you a listing fee, others are free but you incur the costs of delivering the vehicles to the auction house and then returning them if they fail to sell. Online however, it is very much a buyer's market. To supply the growing need at online truck auctions many online auction sites will list your vehicle for free and will take care of the rest. Some will even inspect the vehicle, take photos and deliver it for you all at the buyer's expense. What does this mean for the commercial vehicle seller? It means that there is a more profitable way for you to dispose of your unwanted fleet; at auction.
So if this makes the notion of going to auction appealing, you may be wondering where to start. First, you need to do some research to find the online auction house that best suits your needs. Some have varying charges, some are free and others include various different services. Once you have found one that does suit you, you should take enough photos to give a potential bidder a good idea of the vehicles condition. If you were buying a vehicle online, which parts would, you like to see? Use that as a guide for taking your own pictures. Once you have done this you will need to write-up an accurate description of the vehicle. Bear in mind that if the vehicle's condition does not match its description, your bidder may be entitled to return the vehicle to you and claim their money back. Avoid this by writing about your vehicle honestly.
Once you have completed the steps above, submit your listing to the auction house of your choice and wait for the bids to come in. If you did well, you need only to have someone available to hand over the paperwork and the keys when the winning bidder comes to collect their prize.
In short, online auctions make for a fast and effective way of liquidising your old fleet into something you can use, perhaps to subsidise the cost of your new fleet. Don't let your assets depreciate, get them sold at auction.
Selling trucks? Use online truck auctions
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