Tips for Buying Laboratory Equipment and Semiconductor Equipment at Auction

Tips for Buying Laboratory Equipment and Semiconductor Equipment at Auction

You can get great deals on laboratory equipment at online auctions, but if you don't learn the tricks of the trade ahead of time, you're bound to get hurt. Auctions provide great deals on everything from medical equipment to semiconductor equipment, but there are important strategies to follow if you want to land the best value. Here are some guidelines to go for to get an ideal auction price.

Understand that Auction Quotes are Relative

Auctions are all about making a deal, so you're going to have to haggle. Realize that auctioneers will always under quote laboratory equipment by at least 20 percent. When an auctioneer prices semiconductor equipment at $300,000, you'll likely end up paying at least $320,000 once the bidding dust settles.

Research the True Value

Auctions are designed to get you a better bidding price than the sales value, and most often, that's the way they work, but not always. The bidding price can sometimes skyrocket the expense. Clinics will often bid on an auction and get caught in a bidding war, paying a high price only to realize they could have gotten a lot cheaper somewhere else. Prices will naturally go up in the bidding process, but once a height is reached, cut out of the bidding.

Know Your Limit

Likewise, determine the maximum price you're willing to spend on laboratory equipment even before the bidding takes place. As bids continue to rise, you may be tempted to throw in more just to land a deal, and then realize that the deal is a bust and you could have gotten it cheaper some place else.

Don't Bid Early

Auction agents love early bidders as it helps get the price up from its low beginning. If there are no takers in the beginning, the price will go down. The best way to get a good price on semiconductor equipment is to call the auctioneer's bluff.

Pay Attention to Reserve Price

The reserve price for laboratory equipment is the lowest price the auctioneers have been able to get the seller to accept. It creates an ideal situation for you, as you get good equipment for a fraction of the sales price. The way to win at auctions is to scoop up the lowest price. The reserve price doesn't get any lower.

Use Online Auction Connections

The easiest way to get great prices for laboratory equipment at auctions is to buy online. You already know what you're getting, but you don't have to leave the office to do so. It's like a magical eBay, but it works for semiconductor equipment as well as other types of medical equipment. Online auctions save you a trip to the auction floor.

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