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Making The Most Of EOFY Auctions

2 Min Read

The End of Financial Year (EOFY) is just around the corner which means now is the perfect time to think about upgrading machinery and equipment for the year ahead.

We appreciate times are tight for a lot of manufacturing and mining outfits so there isn’t always cash to splash on the necessary upgrades – let us introduce your business’ new best friend, End of Financial Year auctions.

EOFY auctions are a great solution for buyers and sellers alike. Companies can free up cash by offloading unwanted assets at auction and buyers can nab a good deal on equipment with plenty of life left.

Why sell at an EOFY auction

If your company is ready to upgrade equipment but the cash surplus needs a boost, it can be a long and arduous process to sell old assets one-by-one. In the end it could be more hassle (and more cost) than it’s worth.

On the flip side, selling unwanted equipment with Gregsons is easy and fast. We handle machinery sales, truck and car sales, mining and manufacturing equipment, hospitality supplies and everything in between.

The extra cash in the bank at June 30 can then be invested into equipment upgrades or R&D projects. With technology rapidly advancing in agriculture, mining, and manufacturing now would be a great time to offload assets that can be repurposed in other industries and look to invest in emerging fields like automation and drone technology 

A little cash gets a lot of technology nowadays and that could be just the thing that sets you apart from your competitors.

What to sell this EOFY

We are seeing a lot of interest for used equipment in mining, agriculture, and manufacturing as well as increased truck and car sales. Young companies are keen to invest in affordable, lightly used equipment if it means a reduction in startup costs now that mining exploration is less lucrative than years gone by.

For agricultural producers, mining players, transport companies and builders that is a great sign. Lots of machinery and equipment in these industries can find a second life elsewhere; earthmoving equipment, trucks, generators, cranes, IT equipment, tools, even office furniture and unused hi-vis vests get snapped up at auction!

Why buy at an EOFY auction

Small businesses have done pretty well out of the Federal Government’s instant asset write-off, which allows them to claim any item under $20,000 straight away. The current budget extended that scheme for another 12 months, giving small players an opportunity to invest in new tools without being out of pocket.

Our Perth auction house is the best place to find the things you need to grow your business at a fraction of the price you would normally pay. And because you are buying direct from a legitimate Australian company there will be no delay in writing off your new asset.

Buyers and sellers alike can benefit from EOFY auctions, especially where quality machinery and transport equipment is up for grabs. Our Perth live auctions and online auctions are filling up fast as we get close to June 30, so jump onto our selling page to get in touch with the assets you wish to sell – it only takes a few minutes, and the reward could be money in the bank to invest next year!

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