Frequently Asked Questions

We've put together at list of our most frequently asked questions and answers. Check below for helpful insight on our auction process, payment options and more. Don't see what you need? Contact us directly today at 800-654-8280.

A. Click here to access the extensive library of quick to watch tutorial videos to assist you with online bidding.
A. Most of the equipment we sell is sold at auction. However, we now offer T&M Auctions On-Demand, in which buyers can bid on and purchase equipment directly from individual sellers. In these cases, bidding doesn't begin until the first online bid is placed.
A. All of the equipment sells the day of the auction, and no equipment is sold ahead of time. There are no bid-ins or reserves. Everything sells “as is, where is." If you are not able to make it to the auction, you can set up an absentee bid or use our live online bidding option. To set up an absentee bid option, contact a Taylor & Martin sales representative at the sale site the week of the sale (note that absentee bids are not accepted the day of the auction). Get more information on our online bidding option here.

A. Our auctions are absolute, everything sells, and they are open to the public, so anyone can attend -- no dealer license needed.

A. Absolute auction, simply put, means that each piece of equipment consigned to the auction will sell to the highest bidder on auction day, absolutely. Taylor & Martin conducts only absolute auctions. We never accept reserves, bid-ins, or buy-backs. That's why our loyal customers come back time and time again.
A. Anyone who wishes to bid on any piece of equipment must register at the auction office before placing a bid. In order to register and receive a bidder number, you must have a proper form of ID or you must provide the following: Company Name, Buyer's Name, Street Address, City, State, Zip Code, Telephone Number.
In addition, a bidder must indicate how he or she will pay for any purchases made.
Full payment must be made for any purchases on the day of the auction. Taylor & Martin accepts cash, personal checks, company checks, cashier's checks, and bank wire transfers. If you intend to pay by personal or company check, we require a Bank Letter of Guarantee or equivalent at or before the time of registration. If you will be paying with cash, you will be asked to leave a $5,000 deposit at the time of registration. You will be given a receipt and your deposit will be immediately returned if you are not successful in buying any equipment.
A. Taylor & Martin accepts cash, personal checks, company checks, cashier's checks, and bank wire transfers. If you intend to pay by personal or company check, we require a Bank Letter of Guarantee or equivalent at or before the time of registration. If you will be paying with cash, you will be asked to leave a $5,000 deposit at the time of registration. You will be given a receipt and your deposit will be immediately returned if you are not successful in buying any equipment.
If you are paying for your purchase with a wire transfer (especially if you are a first-time buyer), then at the discretion of Taylor & Martin, a $10,000 deposit must be wire transferred to us no later than 3:00 pm CST the day before the auction. Your deposit will be applied to your purchase.
If you are not the successful bidder, your deposit will be refunded by our home office. For complete wiring instructions and any questions, download our Registration Document. You can also call 800-654-8280.
A. The bank Letter of Guarantee speeds up your registration at the auction. You can also remove the purchased equipment the day of the auction. If you use a Letter of Guarantee, we will mail your titles within two banking days after the sale.
A. Yes, Taylor & Martin's standard practice is to charge a 5% buyer's premium, but in some circumstances a higher buyer's premium is required (dispersal auction agreements with sellers). Bankruptcy auctions are a common example of this circumstance. If a higher buyer's premium is to be collected, it will be noted in the pre-auction flyer, the official auction catalog, and announced at the beginning of the auction. We do not charge any other administrative fees.
A. Generally, all Taylor & Martin auctions begin at 9:00 a.m. in front of Tractor Lot #1. The tractors are sold first, followed by the miscellaneous vehicles, which are followed by the trailer auction. The trailers generally begin with refrigerated units, followed in order by van trailers, agriculture trailers, flatbed trailers, dump body trailers, tank body trailers, and converter gear. At some auctions, a second auction ring will open at 12:00 pm to sell the trailers, while the first ring continues selling tractors. Check with Taylor & Martin representatives at the auction for the order of sale for that day. It will also be announced at the beginning of the auction.
A. Taylor & Martin sells every piece of equipment "as is, where is," with no warranties expressed or implied. The buyer relies exclusively on his or her pre-auction personal inspection of the equipment. In some cases, equipment may still be covered by its original engine manufacturer’s warranty. The buyer is solely responsible for contacting the engine manufacturer and arranging for any warranty coverage.
A. Unless otherwise noted, titles are mailed 10 banking days following the conclusion of the auction. If you pay in cash, certified funds, or your check is accompanied by a bank Letter of Guarantee, your titles will be mailed within two banking days. For expedited titles (i.e. next-day FedEx), contact a Taylor & Martin representative at the auction office for arrangements. A small fee may be charged for this expedited service.
A. The number of days buyers have to move their equipment varies, depending on the location. In many cases, we allow 7 days. At some of our locations, Taylor & Martin personnel are on duty 24 hours a day following the auction until the final removal date for your convenience. Best practice is to call ahead to confirm hours. The contact number can be found in the full list of auctions section or in the upcoming or recent auctions listings. We can also help you with equipment storage needs if you cannot make the removal deadline.
A. Where local and state law allows, Taylor & Martin provides "In Transit" stickers. Check with our representatives at the auction office. Note that it is the buyer’s responsibility to secure insurance on their newly purchased equipment before removing it from the lot.
A. If you don’t have regular access to the internet, Taylor & Martin can mail brochures of upcoming auctions. If you have an email address, pre-auction announcements and information about upcoming auctions can be sent via email. (Note: If you wish to receive these materials via email, they will not be sent to you via the postal service.) Please call us at 800-654-8280 with mailing information, or register on our site to receive email updates.
If you have any additional questions or comments, click here to contact Taylor & Martin, or call us at 800-654-8280

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