With the first day of spring right around the corner, our team at TriStar Auction Group is busy looking ahead to spring auctions (and beyond). Our co-founders, Daniel and Nicole Pruitt, are also staying busy on their Tennessee farm, incorporating seasonal updates to their homestead and rotating in farm-fresh recipes. If you’re on Pinterest, Nicole has pinned some inspiration to our TriStar Auction Group page. Take a look for a fresh take on home decor, family recipes, and more. When Daniel and Nicole started TriStar Auction Group, they wanted to create more than just auctions — they wanted to build a community.
This time of the year is also good for spring "cleaning" when it comes to your equipment, trucks, and inventory. Here are some tips to help get your equipment and inventory ready for the busy seasons ahead.
1. Equipment Maintenance
As with any major asset, there will likely come a time when you'll want to sell, upgrade, or both to keep up with changing technology or meet new business needs. Spring is a great time for:
Regular maintenance and cleaning. If you neglected it over the winter, regular maintenance is one of the easiest ways to protect your investment and increase its resale value or help determine if you might need to be in the market for an upgrade or to expand. When it comes to heavy machinery, routine services such as oil changes, filter replacements, tire rotations, and keeping your equipment lubricated can prevent small issues from turning into expensive repairs. Make it a habit to clean regularly, especially after heavy use.
Assessing any issues, big and small. Whether it's a crack in the windshield, a squeaky belt, or an oil leak, even minor problems can make your truck or equipment turn costly for you or seem less reliable to buyers.
2. Assess Needs/Research the Market
Investing in and selling heavy equipment or trucks is a major decision.
For buyers, before making a purchase, it's important to understand your operational demands for the coming season or what tasks you need equipment to perform. Watch our upcoming auctions for the equipment you need.
For sellers, whether you're thinking about upgrading soon or want to be ready down the road, maintenance and attention to detail make a big difference. At TriStar Auction Group, we can help provide direction on how to get your equipment ready for auction. Set an appointment to look at the assets, discuss your needs, determine your goals, and decide the best option that fits your needs.
3. Prepare for Selling and/or Buying at a Virtual Online Auction
An auction can be an excellent way to get true market value for vehicles and equipment, plus many buyers and sellers are going digital. For both buyers and sellers, the shift to online bidding offers new levels of convenience and access that can be hard to match. If you're considering buying or selling at an upcoming online auction, here are a few resources to help you prepare:
1. Buyers
- Buying Equipment Online? How to Prepare for a Successful Auction Experience
- A Buyer's Guide: Choosing the Right Investment
We're here to help you every step of the way this spring and beyond. If you have any questions, please contact me or visit our FAQ page.
At TriStar Auction Group, we're here to make your auction experience as smooth as possible. Our virtual platform allows you to buy and sell heavy equipment and trucks from anywhere, offering a straightforward process and broader access to bidders. Contact us today to learn more about how we can help you find the right equipment for your needs.