{"id":880,"date":"2022-12-01T09:13:48","date_gmt":"2022-12-01T09:13:48","guid":{"rendered":"https:\/\/blog.rbauction.co.uk\/?p=880"},"modified":"2022-12-02T09:02:11","modified_gmt":"2022-12-02T09:02:11","slug":"the-ultimate-checklist-for-buying-equipment-at-ritchie-bros-auctions","status":"publish","type":"post","link":"https:\/\/blog.ritchiebros.com\/uk\/the-ultimate-checklist-for-buying-equipment-at-ritchie-bros-auctions\/","title":{"rendered":"The ultimate checklist for buying equipment at Ritchie Bros. auctions"},"content":{"rendered":"\n

It\u2019s never been easier to buy equipment and trucks at Ritchie Bros. unreserved auctions. From searching for equipment to delivering your purchases, we do everything we can to make the entire process as easy as possible. <\/p>\n\n\n\n

If you\u2019re planning to\u00a0buy equipment or trucks<\/a>\u00a0for the first time at a Ritchie Bros. auction, or if it has been a while since you last purchased equipment at an auction, use this checklist for equipment buyers at Ritchie Bros. auctions to make sure you\u2019re on track to buying the equipment or trucks you need.<\/p>\n\n\n\n\n\n\n\n

Before you buy<\/h2>\n\n\n\n

1. Sign up for a Ritchie Bros. account<\/strong><\/h3>\n\n\n\n

With your\u00a0free rbauction.com account<\/a>,\u00a0you get access to all our online buyer tools and services, including online bidding, historical pricing data and much more.<\/p>\n\n\n\n

2. View the auction calendar<\/strong><\/h3>\n\n\n\n

Our auction calendar lists\u00a0upcoming<\/a><\/a>\u00a0equipment auctions worldwide, worldwide, including Europe and the Middle East. Look for auctions near you, or start by searching for equipment in our current inventory.<\/p>\n\n\n\n

3. Create and finalize your purchase list<\/strong><\/h3>\n\n\n\n

With tens of thousands of items in our inventory and more added daily, the odds of finding the plant machinery or trucks you need are in your favour. As you search our\u00a0current inventory<\/a>, review detailed equipment information and compare similar items side-by-side. To keep\u00a0track of items that interest\u00a0you, add the items to your Watchlist.<\/p>\n\n\n\n

4. Inspect the items that interest you<\/strong><\/h3>\n\n\n\n

For added confidence, visit the auction site to test and inspect the equipment, or send someone you trust to do the inspection for you. You will find the inspection dates on the webpage of every auction. You can then finalise your purchase list and carefully consider the price you are willing to pay.<\/p>\n\n\n\n

5. Get your financing in place<\/strong><\/h3>\n\n\n\n

Access\u00a0equipment selling prices\u00a0to research the potential selling price range of the item you want and the maximum amount you are willing to bid.<\/p>\n\n\n\n

Tip<\/span><\/strong>: Check our blog to learn 3 ways to understand the value of your equipment here<\/a><\/p>\n\n\n\n

Ritchie Bros. can also help you with equipment financing<\/a>. Ask your local representative for the options.<\/p>\n\n\n\n

6. Register for the auction<\/strong><\/h3>\n\n\n\n

Register to\u00a0bid online<\/a>. Anyone can register to bid; it\u2019s free. You may need to place a refundable deposit to be able to bid.<\/p>\n\n\n\n

7. Consider shipping options and customs<\/strong><\/h3>\n\n\n\n

Before you join the auction, it is good practice to start planning the logistics of your purchases. Especially when equipment needs to be shipped across borders. Get estimates from a local shipping company or customs broker, or work with the experts from Ritchie Bros. Logistics<\/a> to ensure your auction purchases arrive timely at their final destination and at the best price.<\/p>\n\n\n\n

Tip<\/span><\/strong>: In this blog article<\/a>, you can read 4 tips to keep in mind when preparing your next heavy equipment logistics.
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Ritchie Bros. auction in Maltby (UK)<\/figcaption><\/figure>\n\n\n\n

Auction days<\/h2>\n\n\n\n

8. Check when items are selling<\/strong><\/h3>\n\n\n\n

In most cases, items are sold in easy-to-use, online Timed Auctions. On the auction page on our website, you\u2019ll find an auction schedule. This schedule will tell you what day the order items will be sold. On the item details pages, you can also see the day and time when the item will be sold.

Tip<\/span><\/strong>: If you add an item of interest to your Watchlist, you\u2019ll receive notifications, so you don\u2019t miss anything.<\/p>\n\n\n\n

9. Join the auction<\/strong><\/h3>\n\n\n\n

Enter the Timed auction online via the rbauction.com homepage or directly from the webpage of the item you\u2019d like to bid on.<\/p>\n\n\n\n

Tip<\/span><\/strong>: More and more people are using the FREE Ritchie Bros. mobile app to join auctions. You can download the app for free, log into your account, place bids and receive bid notifications on the go!<\/p>\n\n\n\n

10. Place your bids<\/strong><\/h3>\n\n\n\n

Ritchie Bros. auctions are unreserved; there are no minimum bids or reserve prices, so you determine how much you are willing to bid. When the item you want is being sold, place your bids via the website or Ritchie Bros. app<\/a>. The system lets you know when you are in the lead and when you\u2019re outbid. When the auction ends, and you\u2019re the highest bidder, that item is sold to you!<\/p>\n\n\n\n

After you\u2019ve bought<\/h2>\n\n\n\n
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11. Make the payment<\/strong><\/h3>\n\n\n\n

There are several ways to pay for your auction purchases, including wire transfer and credit card. Before you pay, find out how to protect your equipment<\/a> with service warranties, all-risk cargo insurance or refurbishing. Once your invoice is paid in full, you\u2019ll receive a confirmation, and your item can be collected at our auction site.<\/p>\n\n\n\n

12. Arrange equipment pick-up<\/strong><\/h3>\n\n\n\n

Confirm load-out hours,\u00a0equipment sp<\/a>e<\/a>cs<\/a>\u00a0and weight;\u00a0get shipping quotes<\/a>\u00a0and arrange for equipment pick-up and delivery. You or your transportation provider must present the following documents before an item is released from the yard:<\/p>\n\n\n\n