Beginner's Guide to Buying Farm Equipment at Online Auctions

What You'll Find at an Online Farm Auction

Online auctions have just about everything you could imagine needing on a farm. You’ll commonly find:

• Tractors and Combines from brands like John Deere, Case IH, and New Holland.
• Tillage and Planting Equipment to get your crops in the ground right.
• Balers and Hay Equipment perfect for livestock farmers.
• Skid Steers and Loaders for daily chores and heavy lifting.
• Sprayers and Applicators to manage your fields effectively.

These auctions bring a wide variety of equipment to your fingertips, allowing you to bid comfortably without traveling miles to an in-person auction.

How Online Auctions Work (The Simple Version)

Here’s a quick overview of how you’ll bid on farm equipment online:

• Register on the Platform: Create an account ahead of time—usually free and simple.
• Check Out Equipment Listings: Browse items listed (example) with photos, descriptions, and sometimes even inspection reports.
• Place Your Bids: Enter the amount you're comfortable paying. Some auctions let you set a "max bid," so the system automatically bids up to your limit.
• Watch the Auction Progress: Keep track of the bidding activity. Most platforms send notifications if you’re outbid.
• Winning & Payment: If you're the highest bidder when the auction closes, you’ll complete the purchase using secure payment options provided.

Making Smart Decisions: Tips for First-Time Bidders

Online auctions don’t have to feel risky or confusing. Follow these practical tips to bid confidently:

1. Do Your Homework First

Before bidding, research the exact piece of equipment you're interested in. Check comparable listings online (Fastline), know the fair market price, and review details carefully—like year, make, model, and condition.

2. Understand the True Cost

Remember to factor in extra costs beyond your bid price, like:

• Buyer’s Premium: A fee (usually a percentage) added by the auction company.
• Shipping and Transport Costs: Check how you’ll get your equipment home and what it’ll cost.
• Taxes and Fees: These vary by state, so confirm beforehand.

3. Set a Firm Budget

Decide on a maximum bid ahead of time and stick to it. Emotions can run high in online bidding—having a limit helps you avoid overspending.

4. Don't Skip the Inspection (If Possible)

If you're buying something big like a tractor or combine, see if the auction offers inspection days. It’s worth driving out to inspect the equipment, especially if it’s an expensive or vital purchase.

5. Watch for Scam Risks

Use reputable auction sites like Fastline. Avoid platforms with vague terms or no customer support. If a deal feels too good to be true, it usually is.

Common Mistakes to Avoid

Here’s what many new bidders overlook (so you don’t have to):

• Ignoring the Fine Print: Make sure you read terms of use, payment deadlines, and return policies.
• Forgetting the Reserve Price: The reserve price is the lowest price a seller will accept. Make sure you know if there's one set, so you're not disappointed.
• Not Checking Your Internet Connection: A spotty internet can cost you the winning bid. Always ensure a reliable connection during auction day.

After You Win: What's Next?

Once you win the bid:

• Arrange payment according to auction terms.
• Schedule pickup or delivery immediately.
• Check the equipment carefully upon arrival and notify the auction site promptly if there are any issues.

Why Farmers Prefer Online Auctions

Online farm equipment auctions offer convenience, great selection, and competitive pricing. Farmers appreciate the flexibility of bidding from anywhere and the chance to find equipment that fits their exact needs.

Ready to start bidding? Check out Fastline’s Auctions and see what equipment is available right now.