Anybody looking for a diesel pickup?

[Stompin Tom]

Ford, Chev, Dodge, 1 ton, 2500, 1500, duallys 1999 to 2021. Low mileage, high mileage, pretty much anything you can think of.

Ritchies in Edmonton this week has a slug of them. Probably 100 plus. Some commercial use, some private. Some really nice looking pickups to some real high milers.

Either way it should show the real market value of diesels in western Canada.

What is interesting is this is the first time I can remember pickups being on the timed auction. You can follow along.

 

[lilduke]

Doesnt everything usually go for over price at richie auctions?

Haven't heard of too many good deals coming out of there.

 

[Stompin Tom]

Doesnt everything ussually go for over price at richie auctions?

Haven't heard of too many good deals coming out of there.

Ritchies has developed such a broad market buyers base that you generally get a "real" market value for items. I am intrigued by what the diesel pickups will sell for. Been so much discussion on "overvalue" resales, this auction should confirm or deny the trend.

There has to be around 100 diesels, everything from 2021 half tons to early 2000 high milers.

One benefit is if your dealing with a broker or selling private, it gives you some real world ammo when setting a price.

 

[Cyle]

Nah Ritchies isn't the real market price, pickups there are so inflated it's not even funny and this is always the most expensive sale of the year. Much better deals to be had at other auctions or privately, you could even get the same price at a dealer. Ritchie's is awful. Also FYI to anyone buying anything with a title there, check for liens and before paying get in writing from Ritchie's they will remove lien upon payment, despite what they say they do not guarantee clean title i've dealt with that BS before.

 

[Stompin Tom]

Nah Ritchies isn't the real market price, pickups there are so inflated it's not even funny and this is always the most expensive sale of the year. Much better deals to be had at other auctions or privately, you could even get the same price at a dealer. Ritchie's is awful. Also FYI to anyone buying anything with a title there, check for liens and before paying get in writing from Ritchie's they will remove lien upon payment, despite what they say they do not guarantee clean title i've dealt with that BS before.

Once again your full of crap. I have dealt with Ritchies for many years, multiple purchases a year and they guarantee clean liens. Its written and confirmed on your bill of sale, its posted on their websites. They 100% guarantee lien free.

Read Before You Bid | Ritchie Bros. Auctioneers

www.rbauction.com

They have an entire department who's sole job is to check, verify and make sure liens are clear before a sale. Frankly any bank who deals with used commercial and industrial equipment uses Ritchie's prices as their benchmark for loan values and considers them the cleanest place to buy from. You can take that to the bank.

As for inflated pickup prices, if somebody is willing to pay the price, is that not market value? You can advertise anything you want for any price, but its what the selling price is that sets the market. Ritchies sales are simple. That is the paid price. Therefor that is market price.

 

[Cyle]

Once again your full of crap. I have dealt with Ritchies for many years, multiple purchases a year and they guarantee clean liens. Its written and confirmed on your bill of sale, its posted on their websites. They 100% guarantee lien free.

Read Before You Bid | Ritchie Bros. Auctioneers

www.rbauction.com

They have an entire department who's sole job is to check, verify and make sure liens are clear before a sale. Frankly any bank who deals with used commercial and industrial equipment uses Ritchie's prices as their benchmark for loan values and considers them the cleanest place to buy from. You can take that to the bank.

As for inflated pickup prices, if somebody is willing to pay the price, is that not market value? You can advertise anything you want for any price, but its what the selling price is that sets the market. Ritchies sales are simple. That is the paid price. Therefor that is market price.

They say that but the reality is different. I bought a few pieces of equipment, financed it through them then went to sell 1 piece about a year later to find out there was still a lien from previous owner, Ritchie's told me point blank in WRITING not our issue we don't guarantee clear title, and the lender who was through RB said the same thing not our concern. I did get it resolved pretty easily as the lien was paid out and just never removed. However I can 1000% confirm if they refused to remove lien Ritchie's wouldn't do anything about it and it would involve lawyers to deal with it. Read the fine print about that clear title clause.

Whether or not it's market price, you can get better deals elsewhere.

Come on now you think Ritchie's is ethical? No buybacks, unless it's Ritchie's item, they are providing a guarantee on it, or you're a big enough customer they let it go.

 

[Stompin Tom]

They say that but the reality is different. I bought a few pieces of equipment, financed it through them then went to sell 1 piece about a year later to find out there was still a lien from previous owner, Ritchie's told me point blank in WRITING not our issue we don't guarantee clear title, and the lender who was through RB said the same thing not our concern. I did get it resolved pretty easily as the lien was paid out and just never removed. However I can 1000% confirm if they refused to remove lien Ritchie's wouldn't do anything about it and it would involve lawyers to deal with it. Read the fine print about that clear title clause.

Whether or not it's market price, you can get better deals elsewhere.

Come on now you think Ritchie's is ethical? No buybacks, unless it's Ritchie's item, they are providing a guarantee on it, or you're a big enough customer they let it go.

3 sides to every story, and frankly based on your past posts, I tend to put little credibility on your side. You have a story, but no proof. Did you read the link I posted?

"If Ritchie Bros. can't deliver clear title on a purchase, the buyer is entitled to a full refund of the purchase price."

I am 100% certain I have dealt with them far more than you, buying and selling, and I know when you sell something the lien check is the first thing done before a listing is confirmed. I have gone down the path many times, I know what they expect from you and they dont screw around with liens. What you may have experienced is a loan company issues a Lien release letter but did not do their due diligence after the fact. The lien release letter will be on file with Richies.

You dont become the success they have by being less than credible.

As far as being ethical, I would place Ritchies at the top of the list in their field. In my dealings with them I have nothing but respect for their company.

 

[Cyle]

3 sides to every story, and frankly based on your past posts, I tend to put little credibility on your side. You have a story, but no proof. Did you read the link I posted?

"If Ritchie Bros. can't deliver clear title on a purchase, the buyer is entitled to a full refund of the purchase price."

I am 100% certain I have dealt with them far more than you, buying and selling, and I know when you sell something the lien check is the first thing done before a listing is confirmed. I have gone down the path many times, I know what they expect from you and they dont screw around with liens. What you may have experienced is a loan company issues a Lien release letter but did not do their due diligence after the fact. The lien release letter will be on file with Richies.

You dont become the success they have by being less than credible.

As far as being ethical, I would place Ritchies at the top of the list in their field. In my dealings with them I have nothing but respect for their company.

While I will say it wasn't Ritchie's fault it happened, they were less then helpful resolving it. Their attitude was not our issue, deal with lender yourself. Good luck ever getting them to buy something back if you can't get lien removed is all i'm saying, or even help removing it.

I've bought a ton of stuff through them and sold a bit, i've had plenty of dealings with them. I guess you have your eyes closed then. You've never seen why same item is back next sale? Or a item is at a dealer goes to Ritchie's then back at that dealer? They allow big customers to buyback items. They offer guarantees and they will buy items if they are going too low. If it's a big customer selling a item they will spend all day on it. If it's a small guy selling something they will rush through it. Ritchie's is as big as they are because they bring in good dollars for items, buyers go there because it's where items are, nothing more it's not because they are ethical because they aren't. They absolutely are more professional appearing and polished then any other auction company, but far more of a snake in the grass.

Oh and don't forget their attitude. Once I was told very rudely when I was paying for a few items and leaving piece of equipment out for now because I would possibly finance it through them, a $30k item, I was told "I doubt they will even waste their time with such a small amount". But it's funny how every time Edmonton has an auction they are blowing up my email and phone begging for my business even after i've told them on numerous occasions I would never finance anything through them again and likely never buy, and if I did buy it would be cash so stop bothering me and lose my contact information......

 

[ABMax24]

Seen this lol. 600k on a 6.4 Powerstroke.

| Ritchie Bros. Auctioneers

www.rbauction.com

 

[LUCKY 7]

Just saw a post that Kevin Beets and his girlfriend from gold rush are on their way to a Ritchie Bros auction in Edmonton. I bet he's bringing some $$$$$

 

[Stompin Tom]

Seen this lol. 600k on a 6.4 Powerstroke.

| Ritchie Bros. Auctioneers

www.rbauction.com

current bid is $3250.00

 

[freeflorider]

current bid is $3250.00

What do you think guys? I’m going $23500.00

 

[JMCX]

Seen this lol. 600k on a 6.4 Powerstroke.

| Ritchie Bros. Auctioneers

www.rbauction.com

Just imagine the money spent to keep a 6.4 alive for that long.

 

[Dragonalain]

Just imagine the money spent to keep a 6.4 alive for that long.

One of my buddies has a 6.4. He bought it with 450k for $3500. it needed tires so he put a new set on. I figured it would not last the set of tires well now it’s over 520 and he had to buy another set of tires for it. He has done some maintenance but minimal as it was a 3500 truck.


Sent from my iPhone using Tapatalk

 

[JMCX]

The ones that are left must be the one in a million that were not junk.

 

[acesup800]

The ones that are left must be the one in a million that were not junk.

Some were very good, especially the later years of 2009 and 2010. Buddy had a fleet of them and no real issues. My 2010 was Spartan tuned with +275hp since new and put 200,000km with zero issues. Earlier ones had rad issues, but overall, wouldn't hesitate on a 09 or 10.

 

[ABMax24]

Just imagine the money spent to keep a 6.4 alive for that long.

That was my thought too.

We had 3 at work, all were given up on before 150k and went to Richie's.

 

[neilsleder]

Some were very good, especially the later years of 2009 and 2010. Buddy had a fleet of them and no real issues. My 2010 was Spartan tuned with +275hp since new and put 200,000km with zero issues. Earlier ones had rad issues, but overall, wouldn't hesitate on a 09 or 10.

You must like casinos! Buying a 6.4 is a gamble and more often than not you’ll lose lol.

 

[neilsleder]

I love casino's.

What year was your 6.4?

We had a 09 I think welding truck. Nothing really major but always something wrong. The drive train was tough and truck was nice enough to drive. But we only kept it for a bit. Was to hard on fuel and couldn’t trust it.

 

[Stompin Tom]

some "real world results" for diesel pickups at Ritchies today