Sale, Transfer & Payment
IronPlanet® walks you through every step of the selling cycle, including post-auction transfer of title and payment.
We collect payment
After the auction, the buyer places funds into a custodial bank account managed by us specifically for the Beneficiary of Sellers.
You release the equipment
Once the funds are deposited from the buyer, you will receive a notification to release the equipment for shipment. The buyer will also receive a transportation authorization to arrange equipment transport.
We make payment
The Final Sales Price less our commission and fees are remitted to the seller within fifteen (15) business days after the date of sale.
How We Handle Titles
Who do I send the title to?
Once you've signed the equipment consignment agreement, you will need to send us the title for the equipment if it has one. If your original vehicle title is not at IronPlanet prior to auction, your equipment cannot be sold. As the seller, you should sign off the seller portion of the vehicle title. After auction, IronPlanet will complete the buyer information. (Don't complete the new buyer section of the title as IronPlanet.)
I don't have a title for my vehicle. Can I still sell it through IronPlanet's auction?
No. Title eligible equipment must have either a transferable title or Manufacturers Statement of Origin (MSO) to be sold through IronPlanet.