What if a machine is on finance?
It can be sold with the lender's consent, and the settlement figure is normally paid from the proceeds. Tell us before we catalogue so we can contact the finance company. If the settlement is higher than the likely hammer price, you need to know that before the sale, because you would have to fund the shortfall.
This question comes up in
Machinery and engineering auctions
CNC machines, lathes, mills, presses and workshop equipment sold to a trade market that knows what they are worth.
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