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Key Takeaways
- Always get finance pre-approved before bidding at machinery or equipment auction — settlements are required within 48-72 hours.
- Run a PPSR check on every machine you plan to bid on — confirm no finance encumbrances exist.
- Inspect machines in person during the yard inspection period — or hire a professional inspection service.
- Set a firm maximum bid before the auction and stick to it regardless of competition.
- Equipment finance deals: We guarantee the best deal available in the market and our services are free — we're paid a "referral fee" by the lender after settlement, no cost to you.
Australia's major truck auction houses include Lloyds Auctions, Grays Online, Pickles Auctions and Manheim. Each runs regular online and in-person auctions featuring prime movers, rigids, tippers and specialty trucks from fleet disposals, insurance write-offs and deceased estates.
Getting finance pre-approved before the auction is the single most critical step. Auction settlements are typically required within 48 to 72 hours — there is no time to arrange finance after winning a bid. At Overdrive Funding, we provide auction truck finance pre-approval that allows you to bid with confidence up to your approved amount.
Before the auction, inspect every truck you intend to bid on — in person if the auction allows, or via a professional inspection service. Check the service history, run a PPSR search to confirm there are no encumbrances, and assess the condition against your budget. Know your maximum bid before the auction begins.
On auction day — whether online or in person — set a firm maximum bid and stick to it. Auction environments create bidding momentum that can cause buyers to exceed their budget. Know your walk-away price before bidding begins and commit to it regardless of competition.
After winning an auction bid, settlement is typically required within 48 to 72 hours. With finance pre-approved, your broker can activate the finance immediately upon winning. You will need to provide the auction invoice, the truck's registration and VIN details, and any finance documentation requested by the lender.
Get Auction Finance Pre-Approval Today
Overdrive Funding provides fast auction finance pre-approval for trucks, machinery and equipment. We compare 80+ lenders to find the most competitive rate for your auction purchase — and with pre-approval in hand, you can bid with total confidence. Call Simon or fill in the form above to get started.