If you’re a U.S.-based business, you might know about a U.S. tax deduction called Section 179. It’s been approved for the 2018 tax year – and the deduction limit has been increased to $1,000,000 for 2018. That’s double the deduction limit compared to last year. And it now applies to the purchase of used equipment, too.
Last week at our Kruse Energy auction in Odessa, TX, we set a new company record selling this Loadcraft 2000HP SCR drilling rig for a staggering US$5.5 million, making it the most expensive rig we’ve ever sold as a company.
What to look for when inspecting a used bulldozer for sale.
When it comes to heavy equipment, nothing is as pervasive as the dozer. It can be found hard at work clearing ground, pushing material, removing stumps or performing rough grading within the construction, agricultural, logging and mining industries. First conceived by Benjamin Holt in 1904, the dozer – or crawler tractor – has been the muscle behind many projects for over 100 years.
Leveraging the live auction expertise of Ritchie Bros. and online prowess of IronPlanet, GovPlanet now offers state and local governments the best of both worlds. On September 5, GovPlanet will host its first-ever live auction, for the Pennsylvania Department of General Services, selling more than 350 equipment items and trucks without reserves in a single day. Highlights include excavators, dump trucks, paving rollers, snow plows, stone chippers, wheel and backhoe loaders, lights, mowers, and more.
A few months ago we gave you a deeper look into the kind of inventory you can expect from GovPlanet's non-rolling stock surplus auctions. Now, we're excited to announce our first GovPlanet auction dedicated specificly to NRS items.
The rank and file of ex-military items – from shop tools to gym equipment – it’s all here.
Recently, GovPlanet expanded its contract with the U.S. Department of Defense’s (DoD) Defense Logistics Agency (known as the DLA) to purchase, manage and sell non-rolling stock surplus assets. So what exactly are non-rolling stock assets? It’s a term that encompasses all manner of equipment or items used by the military that doesn’t roll on tires or tracks – everything from sewing machines, table saws and engine parts to tents, ammo cans, and filing cabinets. If the military used it, chances are you’ll find it on GovPlanet – and chances are it’s also “man-cave-ready”.
If you need to add a wheel loader to your equipment fleet or if you need to replace an aging wheel loader, you’ll find a huge selection from all the top manufacturers for sale online at IronPlanet and Marketplace-E, and at Ritchie Bros. onsite auctions. But before you head out to inspect the wheel loader that interests you, read our five equipment inspections tips for wheel loader buyers.
Compact and versatile, the skid steer loader is always in high demand in the construction, agriculture and horticulture industries. If you're in the market for a used skid steer loader, check our current inventory. You’ll find a huge selection of skid steer loaders from all the top manufacturers for sale online at IronPlanet and Marketplace-E and at Ritchie Bros. onsite auctions: Bobcat, Caterpillar, Volvo, Case, John Deere and more.
Watch this webinar and learn about our new way to buy and sell equipment online.
We recently hosted a live webinar with our Senior Vice President of Product Management & Digital Marketing, Matt Ackley, who explained how Marketplace-E works and the options you have to buy and sell assets with increased control over the price and process, including Buy Now, Make Offer and Reserve pricing. If you missed this highly-informative event, you can watch the entire presentation here.
Marketplace-E offers sellers more control over price and process.
After soft launching in late 2017, we’re officially introducing Marketplace-E – our newest online buying and selling solution. Complementing our onsite unreserved auctions and online-only auctions through IronPlanet, Marketplace-E offers sellers increased control over price, location, and timing, while providing buyers access to more equipment available to purchase right away.