Terms of Sale

General Information

The equipment labeled “Bank” offered for sale on our platform originates from various countries across Europe. All equipment is in excellent condition, with verified, guaranteed, and certified operating hours, up-to-date maintenance book, and has never been involved in any accidents. We select only equipment that meets these high standards for sale. Each piece of equipment undergoes a rigorous inspection by authorized mechanics before being listed on our platform, ensuring it is in perfect condition.

Each piece of equipment sold through our platform comes with a warranty of 6 to 12 months, activated on the day of purchase, except in cases where the equipment is still covered by the manufacturer’s warranty. This warranty is valid at any official manufacturer service point throughout Europe and covers the engine, transmission, and both electrical and mechanical components of the machinery. The warranty is transferable to future owners in the event of resale, for the remaining period.

We are fully responsible for the entire registration process of the equipment for buyers from EU countries, with the registration fee included in the equipment price. The equipment can be exported both within Europe and outside of it.

Consultation of Offers

Browse our platform to find your preferred equipment. Filter our inventory based on your preferences and select the equipment listed on our platform that is available for sale. Equipment labeled “Reserved” or “Sold” is not available.

Customers can access detailed information about equipment auctioned by our partners, including technical specifications, condition, and starting prices. The information is provided in good faith, and our company accepts responsibility for any errors or omissions.

If the customer has any further questions or concerns, they may utilize the “Request More Information” feature.

Equipment labeled “Stock”

The equipment owned by our company is labeled “Stock”. The equipment can be picked up or delivered on the same day that payment is confirmed. If the buyer has chosen to have the equipment delivered, the delivery time will be 3-5 working days, depending on the delivery location.

Please contact us online or by phone to schedule a physical inspection.

Equipment labeled “Bank”

The equipment labeled “Bank” is sold directly by our trusted partners, banks and leasing companies, through our platform in an online format during the pre-live phase of the auction. Please click here to meet our partners.

These pieces of equipment come from previous unpaid financing contracts and have been recovered from debtors or bankrupt suppliers. A certificate of non-pledge will be issued to confirm that there are no liabilities or debts associated with them. They can be purchased by both companies and individuals. Clients can place bids online through our platform during the pre-live phase of the auction. It is essential for all clients to adhere to the terms and conditions outlined on our platform to ensure an efficient and successful bidding experience.

Bidding Authorization

By utilizing the “Buy Now” feature, clients authorize our company to bid on their behalf. This process involves completing a bidding authorization form, in which clients specify the maximum amount they are willing to bid for the equipment. This authorization remains valid for the entire duration of the auction and may be revoked through written notification to our company.

Submitting Bids

The price displayed in the listing represents the starting amount set by the auctioneer and serves as a reference point for the bidding process. This price includes VAT, the bidding fee, and our company’s commission. An additional fee of €350 will be added to the final price, which covers the preparation of documents for sale and export. No other fees or hidden costs will be charged.

If the client is ready to initiate the bidding process, they must use the “Buy Now” feature. To begin the process, the buyer is required to download, complete, and email the “Bidding Authorization Form” along with a copy of their identification card or passport. Additionally, legal entities must provide their company registration certificate and a document confirming that the company is a VAT payer in its country of registration.

Clients are required to specify the maximum bid amount in the bidding authorization form, which represents the maximum amount they are willing to offer for the equipment. This amount must be equal to or greater than the starting price displayed in the listing for the bid to be considered valid. If a client submits an offer below the starting price, it will be rejected by the auctioneer.

After receiving the bidding authorization form, our company will begin placing bids, adhering to the maximum amount specified by the client. The bidding process takes place in stages, starting from the starting price specified in the announcement. This approach aims to ensure an efficient and successful bidding experience while safeguarding the financial interests of our clients. Bids placed by us will be considered valid only if they meet the price requirement established by the client in the bidding authorization form.

Notification of the Winner

The client will be informed within 24 hours of submitting the bidding authorization form regarding the final result, including the awarded price for the equipment. Notification will be sent via email or SMS.

Completion of the Transaction

Customers on our platform can choose between two secure payment methods to complete the transaction, ensuring a safe and convenient experience.

Payment by Bank Transfer
After the client is notified that they have won the auction, our sales department will email the signed and stamped sales contract within 24 working hours. The sales contract will contain a clear identification of the equipment, the terms of sale, and the details of both our company and the client.

The buyer will receive the proforma invoice only after returning the signed sales contract. The proforma invoice will clearly identify the equipment, include our company’s bank details, and specify the total amount due.

The sales contract and the proforma invoice are established directly between our company and the buyer, following the transfer of ownership rights from the equipment owner to the buyer.

For equipment labeled as “Bank”, full payment is required, and we are unable to provide financing options.

 Payment must be completed via bank transfer and confirmed within 48 working hours of receiving the proforma invoice. To confirm the payment, the buyer must email a copy of the bank receipt, ensuring that the transfer information is clearly visible.

Payment via Escrow
To ensure a secure and transparent transaction, we provide an alternative payment option through an escrow service for all equipment labeled “Bank”, utilizing a trusted law firm as the escrow agent. This method safeguards both the buyer and the seller by managing funds and necessary documents through a neutral third party, thus eliminating risks associated with direct payments.

How the Process Works:

1. Initiating the Transaction: When the buyer chooses to make a payment via escrow, we will send all necessary documents and information for opening the escrow transaction to an experienced law firm.
2. Negotiating the Terms: A representative from the law firm will contact the buyer to provide the escrow agreement outlining all the conditions of the transaction. This will include the amount to be held in escrow, the conditions under which the funds will be released, and any associated fees.
3. Signing the Agreement: Once the terms are agreed upon, the buyer will sign the escrow agreement outlining all conditions of the transaction. It is essential to read and understand all clauses before signing.
4. Transferring Funds: After signing the agreement, the buyer will transfer the agreed-upon amount to the escrow account managed by the law firm. The escrow agent will hold the funds until all conditions stipulated in the agreement are met.
5. Completing the Transaction: Once all requirements have been fulfilled, the law firm will release the funds to the seller and finalize the transaction.
6. Final Documentation: Upon completion of the transaction, the buyer will receive all necessary documents confirming the execution of the transaction.

Inspection Period: The escrow process also includes a five (5) day inspection period, during which the buyer can verify that the equipment meets their expectations before finalizing the payment. If the client decides to reject the equipment, they should notify the escrow agent, and a full refund will be processed promptly.

Escrow Fees: If the buyer chooses to use this service, they will be required to cover 50% of the total escrow fee associated with the transaction. We kindly request that you review the table detailing these fees.

By utilizing the escrow method, the buyer takes an important step toward ensuring a secure and transparent transaction, with their financial interests safeguarded throughout the process. We encourage clients to contact us with any further questions regarding the escrow process or available payment options.

Equipment Pickup and Inspection Process

The buyer will be notified of the pickup date once the equipment has been moved to our location and the sale and export documents are complete. This process may take 5-7 working days from the confirmation of payment. The buyer will receive a complimentary storage period of 5 working days from the notification date; thereafter, a storage fee of €50 per day will apply.

Our company also offers the option of delivery to the buyer’s preferred location. The estimated delivery time is 7-10 working days from payment confirmation, depending on the delivery location.

Upon taking possession of the equipment, the buyer has a period of five (5) working days to conduct a physical inspection. During this period, the buyer has the right to accept or reject the equipment. We recommend that all our customers conduct a thorough inspection of the equipment at the manufacturer’s authorized service center.

The buyer must inform our representative of their acceptance or refusal of the equipment within five (5) working days of taking possession.

The refusal of the equipment will be accepted if it is based on objective reasons, such as the received equipment not matching the description in the listing, having fewer features than those mentioned in the description, or showing undisclosed damages or technical defects.

The buyer can refuse the equipment by signing a refusal contract called the “Equipment Return Form”. If the buyer signs to accept the equipment, they will receive a voucher worth €2,000 which can be used for a subsequent purchase. The validity of any voucher is one (1) year from the date of issuance. For more information about the voucher and discount, please refer to the “Voucher” section.

To refuse the equipment, the customer who wishes to initiate the return must complete the “Equipment Return Form”, specifying the exact reasons for the refusal in the remarks section. Once the “Equipment Return Form” is completed and signed by the customer, our representative will forward it to our sales manager for reimbursement approval. Our company is committed to refunding the full amount within 48 working hours of receiving the “Equipment Return Form”. The equipment will be collected at our expense from the client within 24 working hours following the processing of the full refund.

Any failure on our company’s part to deliver the purchased equipment within the agreed-upon timeframe will result in an automatic refund of the full amount. The refund will be processed within 48 working hours after the delivery deadline has been exceeded.

The conditions for refusing equipment are outlined in the sales contract or escrow agreement, ensuring that the buyer receives exactly the equipment they have chosen and paid for.

Throughout our company’s history, we have never encountered a case of equipment refusal. All equipment undergoes thorough inspection by authorized mechanics, and the information presented on our platform is both consistent and 100% accurate.

Delivery of the Equipment

Our company can arrange the delivery of any equipment to any location within Europe and beyond. However, the buyer reserves the right to choose the method by which they prefer to take possession of the equipment. For longer distances, where maritime or ocean transport is necessary and customs clearance is required, we will collaborate with our partners to ensure a smooth process.

The delivery of equipment will be conducted either using our own trucks or through one of our partners, accompanied by a representative from our company. The delivery fee will be calculated at a rate of €0.80 per kilometer. To determine the costs for your location, please utilize the equipment shipping calculator available in each listing.

Our representative will be authorized to handle the registration procedure of the equipment on behalf of the buyer. They will personally deliver the complete set of final registration documents if the buyer accepts the equipment during the five (5) working day inspection period.

For more details on this topic, please visit the “Transport and Export” page.