Buying At Auction
Buying at auction is an exciting and rewarding experience providing participants the opportunity to achieve good value from their efforts. . . .and there has probably never been a better time to buy at auction.
With increasing numbers of auctioneers, improved legislation, the advent of online bidding and the global market, there are many more opportunities for bidders to obtain good quality equipment at lower prices than ever before
However, “Caveat Emptor” – let the buyer beware
Caveat Emptor
Do your homework – Auctions operate within their own regulatory framework, with little opportunity for recourse. To avoid disappointment and unwelcome surprises, bidders participating in auctions are encouraged to understand their rights and familiarise themselves with the sales process before bidding. Taking time to do your homework in advance will ensure you go away with a great purchase.
Working with you – At PACT we go the extra mile to guide bidders through the process to ensure a positive experience. Bidders are the life blood of a successful auction and we work hard to establish enduring relationships built on a reputation of trust and integrity.
Mail List
To receive details of auctions and future equipment sales join our mail list
Terms & Special Notices
Sales will be subject to Standard Terms & Conditions which sets out the legal terms under which a participant bids, including risk, title, default etc. Special Notices are sale specific and outlines viewing details, collection arrangements and payment terms
Inspection
Bids placed form a binding offer and bidders should satisfy themselves as to the extent and condition of equipment before placing bids. We strongly recommend that bidders attend publicised viewing/inspection events
Collection of Purchases
Buyers are required to arrange and undertake their own collection, complying with all relevant Health & Safety requirements including provision of Risk Assessments and Method Statements. Buyers maybe required to organise their own specialist trades and decommissioning
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IN THE SPOTLIGHT – Auctions ‘A buyers perspective’
Having been appointed to find a large quantity of tote bins PACT's director & auctioneer, Chris Price, interviews Ben Morris of Howard Tenens Logistics about his first experience buying at auction