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Minneapolis Moline Tractors Discussion Forum
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Neb sale

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Roger H MI

02-16-2008 09:08:12




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It's unfortunate with a sale of this magnitude they signed with an auction company with a questionable repuation. With all these restrictions and time table's. They are putting the squeeze on the buyers. I would like to bid on some tractors there but can't attend. Is there any way around this.




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newfarmer9

02-16-2008 20:30:03




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 Re: Neb sale in reply to Roger H MI, 02-16-2008 09:08:12  
Anderson, what you say is a very scary thought indeed. While it's hard to believe that an auction company would do that, from what I have heard I wouldn't put it past Kruse to try and get $10 000 or more out of every tractor. After the sale there are going to be a lot of people out there who think there old stuck tractor is worth just that, $10 000. Hopefully this sale doesn't drive prices to new heights in the tractor collecting community.

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Anderson

02-16-2008 19:23:26




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 Re: Neb sale in reply to Roger H MI, 02-16-2008 09:08:12  
kruse bught it for millions i have been told and i figure it out for how much they paid they would have to sell every tractor for at least 10,000 dollars to break even



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Tom-Mn

02-16-2008 18:43:14




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 Re: Neb sale in reply to Roger H MI, 02-16-2008 09:08:12  
To the principals that have led to this post: We are not going to attend this auction, we are going to boycott it and let you play with your toys. And you other people, wherever you are- FU2. Tom.



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BT in NE

02-17-2008 09:07:34




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 Re: Neb sale in reply to Tom-Mn, 02-16-2008 18:43:14  
I have to agree. Very well said. I would love to go to the auction, but not the way they are doing it. BT



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newfarmer9

02-16-2008 14:42:11




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 Re: Neb sale in reply to Roger H MI, 02-16-2008 09:08:12  
I agree with you jayson-ia. When Aumann"s had the sale, I going to go. I have only been to one of their auctions before, but they seemed honest and fair, and have a good reputation. However, with the underhanded switch to Kruse and all their fees and not-so-great reputation, I changed my mind and decided to sit this one out.



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jayson-ia

02-16-2008 13:53:48




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 Re: Neb sale in reply to Roger H MI, 02-16-2008 09:08:12  
I kinda hope to see this sale be a total flop. I'm sure it won't be, but you can always hope!!! They HAD a good auction company with Aumann's doing it, too bad greed got in the way.



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TylerARK

02-16-2008 13:08:35




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 Re: Neb sale in reply to Roger H MI, 02-16-2008 09:08:12  
Kruse themselves are the owners of all this stuff now.
They bought it from Garys widow. Bad enough to have buyers premiums at consignment or sellout auctions but they will be charging the fees to buy their own property.



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newfarmer9

02-16-2008 11:19:53




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 Re: Neb sale in reply to Roger H MI, 02-16-2008 09:08:12  
Unfortunately there doesn't seem to be any way around all the restrictions and fees and whatnot. I have already posted this over in the general discussion board, but may as well post it here too. If you read the fine print you will discover: Kruse is charging for parking, $10 to get into the auction, making you pay for a bidder number, if you wish to pay with cash you must hand them a $500 deposit before bidding even begins, charging a 10% buyers premium on vehicles and 15% on parts and literature, plus a 7% sales tax.

When bidding, figure on adding 20%+ to your bid in order to cover the fees and taxes. For example, a $1000 tractor will end up costing you more like $1200+ by the time you pay all the premiums, fees, and taxes. Oh yeah and if you don't remove your purchases within 24 hours, they will nail you for handling and storage fees. Since the sale is 7 days long, this means you will have to remove your purchases as the auction is still commencing. Also remember that Nebraska in April will be a muddy mess, and hundreds of trucks, trailers, and people are not going to make it any faster or easier to remove items!

I haven't been able to confirm this yet, but I have heard that if you buy a tractor or vehicle and need help loading they will also charge you a fee to make a loading appointment, and then charge you again for the actual loading itself.

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