your trade-in and, of course, they’ ll aim to make a profit. This means dealers might offer you less than what your vehicle is worth so they can make a profit when they sell your trade-in. With a public auction, competition and the market determine the prices, leading to a higher return.
Some auction houses, like JJ Kane, host exclusive online timed auctions, bringing convenience to buyers and sellers alike. Premier timed auction locations are strategically located across the United States and staffed with associates who can help buyers preview and inspect auction items. Bidders can ask questions and inspect and operate equipment in person before placing their bids online.
Because some online auctions have a bidding window of five to seven days, sellers can increase the visibility of their items, encouraging more bidders and more profits.
Insights From JJ Kane
Are you updating your fleet with new vehicles and equipment? Instead of jumping straight to trading in with a dealer, check out these reasons to sell your used trucks and
Heavy equipment auctions offer sellers an audience that consists of a large buying community of qualified bidders.
construction equipment at an auction:
Maximize Your Profits
When you trade your vehicles or other equipment with a dealer, the dealer must sell
Have Cash on Hand When You Buy
When you sell your vehicle at a JJ Kane auction, you’ ll typically have the cash from your sale in your pocket within three weeks to put toward your new purchases.
With cash on hand instead of an unknown trade-in value, you can better plan for your purchase knowing what your down payment will be before entering a dealership. You can also source independent financing with that cash on hand, getting more control over your financing and terms.
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