Sale, transfer & payment
Sale, Transfer & Payment
IronPlanet® walks you through every step of the selling cycle, including post-auction transfer of title and payment.
We collect paymentAfter the auction, the buyer places funds into a custodial bank account managed by us specifically for the Beneficiary of Sellers.
You release the equipmentOnce the funds are deposited from the buyer, you will receive a notification to release the equipment for shipment. The buyer will also receive an authorization to arrange equipment transport.
We make paymentThe Final Sales Price less our commission and fees are remitted to the seller within fifteen 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.
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.
No, the Power of Attorney form must be equipment specific one form for each piece of equipment you are selling.