Online auctions of ex-hire tools offer benefits for both buyers and vendors

The disposal of surplus tool hire equipment can be problematic. While a hire business needs to be able to offer the latest and most up-to-date models to its customers, often the existing equipment has plenty of miles left on the clock and is far too good to discard.

Meanwhile, private individuals or small businesses may be looking to buy good quality used equipment at a fraction of the price of brand new items. Using a reputable online auction site, such as BPI Auctions, brings a number of benefits for both parties.

Buyers can free up both capital and space through this method of asset disposal. With a traditional auction, vendors need to transport items for sale to the auction site – and bring them home again if they fail to sell.

In addition, an online sale is open to buyers from anywhere in the world – provided they are able to collect the goods they buy – not merely those who are able to attend an auction house at a specific time and date. This opens up the market considerably, as there is no limit to how many bidders can take part, or the
number of lots on offer.

Payments are conducted through a secure server, to give both vendor and purchaser peace of mind; in the case of BPI, funds are usually released within 14 days.

The company purchases and then auctions entire stocks of used ex-hire equipment, tools and even fleet vehicles. Options also exist to tailor auctions to the seller’s precise requirements, including the sale of individual items or conducting a joint auction with multiple vendors. Prospective buyers can enjoy a wide choice of equipment, with information at their fingertips – most vendors will make detailed listings with multiple photographs.

BPI Auctions has a broad range of specialist ex-hire tools and machinery on offer at any one time. From generators to sanders, and from strippers to industrial floor vacuums, the vast majority of stock is manufactured by leading brands such as Stihl, Karcher, Honda and Bosch.

The company recently conducted the sale of 350 items of ex-hire equipment through a live auction, where bidding takes place in real time. The goods were sold direct from a number of major tool hire companies, including Hire Station and Jewsons. The sale included a huge selection of equipment, including power tools, road saws, welders, dehumidifiers, access and climate equipment and power generation tools.

Lots included two Pramac P6000 67KVA generators, a brand new Honda petrol-powered forward wacker plate compactor, two Hiretech 240V floor sanders and several Karcher compact power washers. Site vacuums, carpet cleaners, air conditioning units and a dozen Acrotherm fan heaters were also snapped up.

Ex-hire gardening equipment – such as lawn mowers, strimmers and shredders – was up for grabs, alongside various high quality saws, ladders and floodlights. Power tools on offer ranged from drills and hammers to angle grinders, power saws and a resin gun.

Henry Spencer, auction and brand development manager at BPI Auctions, said: “Selling ex-hire tools via an online auction is a simple and convenient way to dispose of surplus equipment. Choosing an experienced site such as BPI will guarantee a hassle-free auction process as well as a swift and secure payment. “There’s no need to write listings or waste valuable time photographing equipment as
we handle all that for you. “Buyers looking to snap up quality equipment with a reduced price tag have all the information they need at their fingertips by browsing online, and there’s a substantial range of goods from leading manufacturers to choose from.” Henry added: “We are delighted with how August’s ‘live’ auction of ex-hire equipment went and we will certainly be looking to run more of these in the near future, alongside our regular online sales.”

BPI Auctions, which handles more than 400 sales a year, has an experienced team on hand to offer support throughout the process. For more information, please see the website
https://www.bpiauctions.com/.