Terms & Conditions (Key Points)

10 Key Buyer Points: Buyer agrees

1. to accept that all auction bids are binding and cannot be retracted.
2. to be liable for all Sales and Use Tax and/or provide an applicable Certificate of Exemption.
3. to pay a Transaction Fee as described in Terms and Fees for each piece of purchased equipment.
4. to remit full payment for purchased equipment in the amount of the auction closing price, Sales Tax (where applicable) and the Transaction Fee by certified check from a U.S. bank or wire transfer within three (3) business days after the auction closes (wire transfers required for buyers outside the U.S.). Upon receipt of full payment the buyer will be provided with the location of the equipment.
5. to note a transportation selection on the IronPlanet web site prior to picking-up the equipment.
6. to remove the equipment from Seller's premises no later than eight (8) business days after the auction closes and that after thirty (30) days the equipment may be deemed abandoned and re-sold.
7. to be responsible for all title registration, freight and transportation costs related to transporting from the equipment location.
8. that constructive receipt of the equipment can occur prior to physical delivery of the equipment.
9. in order for a dispute to be considered, it must be submitted in writing within 24 hrs of delivery and prior to constructive receipt occuring. read more on constructive receipt.
10. that if Buyer defaults they shall remit a Default Penalty to IronPlanet.

10 Key Seller Points: Seller agrees

1. to sell equipment consigned to a Featured Auction to the highest auction bidder; to sell equipment consigned to an Owner Auction to the highest auction bidder who meets or exceeds Seller's Reserve Price.
2. to be responsible for equipment until removed from Seller's location.
3. to maintain consigned units in the same condition as documented in the listing details and the online IronPlanet inspection report.
4. to allow access to equipment designated for inspection and provide a qualified operator.
5. to provide all lien information necessary to clear title to Buyer.
6. to provide all title transfer documentation and information for Buyer to register equipment.
7. to pay all commissions and fees according to IronPlanet's fee schedules.
8. to make equipment available for transportation to Buyer, complete with ignition key, prior to Seller payment and no later than one (1) business day after the auction.
9. to accept final payment equal to the auction closing price, less commissions & fees, within two (2) business days after constructive receipt of equipment by Buyer.
10. not to engage in shill bidding or have anyone else bid on Seller's behalf.

It is recommended that new Buyers and Sellers read the full text of IronPlanet's Terms and Conditions before Acceptance, which is located under the Terms and Conditions link at the bottom of this page. At no time shall these key points, replace or modify in anyway IronPlanet's full Terms & Conditions.

Read the full text of IronPlanet's Terms and Conditions.