It also pays to be aware of the age of the model series that is being sold, if the manufacturer is getting close to releasing an updated model you may find that item at a runout sale in perfect condition for similar cost. It also pays to be clear on whether the item still retains any form of manufacturer warranty.Īnd like any purchase it pays to be right up to date on the current retail cost of the item you are investigating and it’s for you to weigh up when any risk outweighs the savings. In many cases, the damage can be purely cosmetic such as scratches and scrapes although you should definitely check the item thoroughly and be very sure of what faults may have and if repair is required or you can live with the defect.
Quite a lot of brand new electrical goods and appliances, along with other merchandise, can come up at scratch and dent or seconds sales where the manufacturer or retailer will be looking to clear items that can have a variety of cosmetic or other damage that makes them unsuitable for retail or showroom sales. In other cases, it can be from a company or business that may have become insolvent and needs to realise the assets of the company in order that the creditors of the company can be paid off. Other names used can be overstock, surplus, and disposal. Liquidation auctions can be born from a supplier, manufacturer, or wholesaler who simply has too much stock and is looking to clear their inventory. Informally, liquidation may be used to refer to any rapid conversion of an asset into cash.
Otherwise, products are offered as single items at heavily discounted prices to clear them out. Sometimes the items are liquidated in bulk lots which is a great way to make a few extra dollars by reselling the items online or at car boot auctions and the like. This is a win for consumers who can pick up bargains and discounts on a whole range of items which can be anything from jewelry to electrical gadgets. This may come from a marketing department that anticipates strong sales to tie in with their campaigns thus informing the manufacturers and retailers to stock up.Īlthough when the marketing drive doesn’t hit the target retailers can be forced to wholesale overstocked items or send them on to an overstock outlet. Let’s take a look a the different types of sales and then where to find them.Ĭome about from suppliers and retailers who have in some cases over-ordered a product line in anticipation of strong demand.
Liquidation auction near me full#
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