Buying at auction.

Discussion in 'Ask An Owner Operator' started by SavageMuffin, Apr 3, 2020.

  1. SavageMuffin

    SavageMuffin Medium Load Member

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    Just curious if anyone here has any experience positive or negative from buying a tractor or trailer from auction. Not saying this is where I plan on buying a truck but sometimes a deal is a deal, even though further due diligence is required. Not necessarily saying I’m going to do that but looking at a few it has crossed my mind. As of right now i still have my job working on a rig and not much has changed THANKFULLY. Having access to parking and a mechanic I’ve thought of buying a tractor and getting it road worthy as long as nothing major is needed. Like I said, I still have my job and making enough I can afford the extra expense as of now, just something I’ve been thinking about for a long while now.

    And yes, in case anyone asks I’m pretty wrench handy and can do most maintenance myself and have a decent collection of tools. Even if I didn’t, that’s just an excuse to buy the tool right? Lol
     
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  3. kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

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    You won't be able to get an dyno/blow by tests run on an auction truck. Best you can do is having a trusted mechanic with you to go over the trucks. But there are going to be a lot of deals to be had. If the truck checks out and you can get it for the right price???
     
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  4. zinita17601

    zinita17601 Road Train Member

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    I always budget an inframe plus the cost of fixing all visibles problems when bidding on a truck,if the math is right i’ll go for it.
     
  5. Midwest Trucker

    Midwest Trucker Road Train Member

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    You should be able to get a truck around 5 yrs old with under 500k in the $20,000 to $25,000 range. Like the post above mine says... budget in all visible repairs plus an overhaul and you should be in good shape.
     
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  6. TTNJ

    TTNJ Heavy Load Member

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    I’m just curious how many trucks you have bought at auction using this process?
    If you are planning for an inframe and take that cost into consideratiom before bidding my guess is you have never won an auction bid before.
     
  7. Rideandrepair

    Rideandrepair Road Train Member

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    It’s a gamble. Law of averages, says it’s a pretty good one. A Dealer explained it to Me once. I buy 10 or 20 units, go over them, some need very little, one or two need a major work. We fix everything and cost average it out. You can save money, unless you get the bad one. Just have to do your best checking it out. I’ve never bought, but have sold a trailer once. I got good money for it. Surprised Me. Seems a lot of people are there to buy, sometimes prices aren’t always that great. Contacting finance Institutions for a list of repos might fair better. Save all the hassle, straight to the source.
     
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  8. D.Tibbitt

    D.Tibbitt Road Train Member

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    I picked up a forklift from ritchie bros about 2 loads ago and was snooping around their yard looking at trucks that sold. To call it a junkyard would be to put it nicely . if u could get a good price maybe it would be worth it .
     
  9. xsetra

    xsetra Road Train Member

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    I bought a truck at auction. I didn't look at before I bid.
    1995 Freightliner Cummins n14 with 10 speed.
    It is a 1996 Freightliner cat 3176 with 13 speed.

    Still a good truck,
     
  10. bzinger

    bzinger Road Train Member

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    The auction lots have been packed for awile now and about to get even more packed , should be lots of bargains to be had on repoed equipment.
     
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  11. jdp2011

    jdp2011 Bobtail Member

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    Taylor & Martin has a lot of low mile fleet trucks at there auctions. I guess it depends what your looking for.
     
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