I Got BURNED! | 5 Mistakes I Made Buying Equipment on Auction

With the record level of demand that we see right now for machinery, we bought a limited number of machines, maybe 50 or 60 or so in the last year off of auctions. And I've had a couple of surprises. I'm going to walk you around some of these machines here this morning, show you the tractors. We buy machines in one of two main places. One of them is repossession auctions. Now these are generally dealership only auctions, where we have a good thorough description of the machine from a third party company who inspects it. But oftentimes they miss things, right? Or something seems to work properly when they put the key in the ignition, when it gets here though sometimes it's a different story. I've had some surprises here probably about one in five of these machines is not what it was made out to be.