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
- 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
- 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.
FAQ - For Titled Vehicles
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 want to sign my title prior to forwarding it to
IronPlanet, do I have another alternative?
Yes, you can provide us with an unsigned title and a notarized Power
of Attorney form. This notarized form authorizes IronPlanet to sign the title
for the seller after the equipment is auctioned. Click here.
I'm selling multiple pieces of equipment, can I send
you one notarized Power of Attorney form the covers all my equipment?
No, the Power of Attorney form must be equipment specific one form
for each piece of equipment you are selling.
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.