How To Sell A Crane
If you have a Used crane you want to sell there are a number of ways to go about it. There are advantages and disadvantages to each.
Selling A Crane on your Own locally
Selling a crane on your own can be done in the same way as selling a car. You can put a For Sale sign on the crane. You put an ad up in the local paper or on a website like Craigslist, find an interested buyer arrange the transfer of title or a bill of sale and complete the sale on your own. On the plus side you won't be paying anyone for assistance but it means you need to do all the work on your own. Transfer of a crane has a lot more complexity than a car sale and usually with a lot more money at stake. A couple things to note with local sales.
- Advertising the crane locally limits the pool of potential buyers. With less demand you many not be able to get the price you desire.
- Often, selling a crane locally means that you might end up selling your Crane to your competition which may not be desirable.
- You will need to deal with everyone interested in your crane. Because most newspaper and Craneslist ads don't provide much detail you will spend a fair amount of time answering questions or showing the crane to everyone interested.
- A lack of familiarity with procedures, paperwork and everything that needs to happen to ensure a successful transaction may cause problems at the time of sale.
- There are a number of scams that take advantage of private parties selling high ticket items like cranes.
Selling A Crane on your Own Nationwide
There are trade publications that will let you run nationwide ads. This will expand the pool of potential buyers but will increase the amount of time you need to spend explaining the details of the crane. With local buyers you can always have them come by and take a look. That won't work however, for buyers that need to travel. Buyers want to know whether or not a crane justifies the travel time and expense. The nationwide ads charge by the inch so those details are typically not in your ad which means you will need to discuss a lot more to get a potential buyer to inspect the crane.
Selling your Crane through traditional Crane Brokers
There are many Crane Brokers that work the same way as Real Estate agents. You sign a listing agreement and the broker goes to work to find a buyer for your crane. They take a percentage of the sale price or a fixed fee to sell your crane. But traditional brokers can lock you in for a fixed amount of time. If they don't quickly find you a buyer there isn't much you can do to pursue other options until the listing expires. Some brokers will make every effort to market and advertise your crane but this isn't always the case. Before listing with a broker you should find out
- How will they be marketing your crane?
- Can you Sell the crane on your own while listed?
- Will they be paying for advertising?
- Are there any fees to you?
- Will your crane be marketed through a website?
- Do you need to sign a contract?
Selling your Crane by partnering with CranesList
Now obviously we hope you go this route but we do believe we soffer one of the best ways to sell your crane. Selling with CranesList offers these advantages.
- We wil list your crane on our website, for free. Our website has world wide exposure.
- Our "Comprehensive Listings" provide level of detail that will allow crane buyers to quickly see if the crane is or is not of interest. Again free.
- We only get paid if your crane sells and it was through our efforts. We get paid a percentage of the sale price. This percentage is agreed upon before hand.
- You are free to market your crane or advertise elsewhere. If you find a buyer on your own or through another means you don't owe us anything. We only ask that you not advertise for a price different than what we are listing it for. We work to you to determine an agreeable selling price.
- We will advertise and market your Crane Nationally at no cost to you. We will also promote the crane through a large network of crane brokers, buyers and construction companies we work with.
- We handle all of the presales questions and customer communications. When we find someone we believe to be a legitimate, interested and qualified buyer, only then will we arrange for a buyer inspection of the crane.
- We will work with you through the finalization of the sale. Coordination between buyer, seller, agents, banks etc is something we are very good at. We know the latest scams to avoid. We want a successful transaction and have been achieving this for years.
- At the conclusion of then sale we all look forward to working together again.
Selling through Auction Houses or Crane Buying agents
If you need to sell your crane immediately selling through an Auction House or selling directly to Used Crane Yard is an option. With the auction house you run the risk of getting far less than your crane is worth if there is little interest. And in the same way that a used care dealer will give you a wholesale value for the car you can absolutely expect to get less than what your crane is worth
On occasion we will buy cranes directly. Again if you have the time to let us find you a buyer you will likely get more for your crane. But if time is critical please contact us and let us know the situation. We, or others we work with might be willing to make a purchase.