Equipment Auction FAQ’s. You Asked – We Responded!

equipment auction faq

Equipment Auction FAQ’s. You Asked – We Responded!

Before selling or buying equipment on an online auction, we understand that there can be a lot of questions regarding the process as well as what to expect. We want to make sure that you are as informed as possible and so wanted to put together a little guide of our most frequently asked questions to keep our buyers AND sellers informed as to what to expect in working alongside of Rangerbid. To see more of our FAQ’s click here.

Frequently Asked Buyer Questions

Will My Credit Card Automatically Be Charged?

No we do not automatically charge your credit card. However if your invoice is not paid for and we do not have communications with you, our terms do state we reserve the right to charge your credit card. Further information can be found under storage/restocking fees.

How Do I Register To Bid?

Registration for our auctions is easy! Simply visit bid.Rangerbid.com and click the “Register to Bid” icon and proceed to complete these 3 easy steps. This will generate a username/password that will allow you to access all of our auction sites, as well as our licensed auctions. You should be all set to start looking at any of our auctions! Please refer to our Privacy Policy regarding protection of your personal information.

What Do I Do If I Forget My Username And/Or Password?

This happens to everyone at one time or another. First, click the logo at the top of the page of the company you’d like to bid with. Then, click “Log-In” on the top side of the page. Next, click the link to retrieve your password as picture below.

*The page will require your username and will ask for the answer to the ‘hint question’ that you answered upon creation of your account. If your account was created before November 2009, or if you simply don’t know your username, simply call 866-672-4806 to have your password information reset.

What is a “Buyer’s Premium?”

A Buyer’s Premium is a transaction fee added to the high bid to be paid by the buyer as part of the Auctioneer’s compensations. The Buyer’s Premium is also explained in the site and auction terms of each individual auction.

Will My Email Address Automatically Be Placed on any Mailing Lists by Registering?

No.  You may sign up to receive email notifications of upcoming auctions by clicking here.

How Do I File For Tax Exemption?

-Log in to your account, bid.rangerbid.com and click on Account
-Select Tax Exemption Claim on left menu and select Add Blanket Tax Exemption Claim in upper right corner. (green button)
-After submitting the electronic tax exemption form, click Invoices on the left menu
-Click View invoice, then Claim Tax Exemption and select the blanket form you just submitted
– Sales tax will automatically be removed upon applying the exemption claim to the invoice

Frequently Asked Seller Questions

How Do I Sell My Items?

-Log into your account, bid.rangerbid.com, click sell items (top left)
-Click on “add lot”
-First you are asked to review/accept auction terms & sign, then click next
-Then you move on to step two, this step is where you describe your item as well as select if you are working with a salesperson, what auction to list on, location item is selling from, and upload your items photos.
-Lastly, review all information you have entered about your item. (along with making sure your pictures are correct.) Click on “edit” if something needs to be changed. From here you can click “add a new lot” if you have more items or if your done submit lot for approval.

***Please Note: If you need assistance getting your items up for sale, please call or contact us today at 616-261-4984 our team is happy to walk you through the process***

What Are The Costs To Me For Selling Items

If you list items absolute (no sellers minimum) there is 0% commission charged.
If you list items with a minimum, commission is as follows:
* $10,000.00 and ABOVE (per lot) = 3%
* $5,000.00 – $9,999.99 (per lot) = 5%
* $0.00 – $4,999.99 (per lot) = 10%

Marketing Packages are the only other optional cost to you as a seller on Rangerbid.com

To See More Of Our Frequently Asked Questions that we have already answered for you, take a look at our FAQ’s Page! As always, if you have any questions or need help walking through any problems with your account or listings, please contact our customer service team today. Our team is happy to help you in any way that we can!

What is the Difference Between Pre-Bidding and Real-Time Bidding?

pre-bidding

What is the Difference Between Pre-Bidding and Real-Time Bidding?

Understanding the auction bidding process

Whether you are new or have been in the auction industry for a time, you will likely have noticed that there is a whole vocabulary associated with auctions and the auction process. We want to take you through two of the terms that you will want to understand before participating in an auction: pre-bidding and live bidding.

Pre-bidding is the first step of any online auction. During the pre-bidding period for any auction, prior to the real-time bidding starting on auction day, individuals are able to place bids on lots. These pre-bids are not yet visible to the public, so no one knows how many people are intending on bidding on an item, or how much they are willing to pay for that item. The results of any pre-bidding will become viewable once the auction opens, with the current bid level. And once the auction goes live, the real-time bidding starts. This is a pretty easy process to figure out. You simply continue to bid by the set bid increment (the minimum amount by which every bid must increase by) until you end up as the highest bidder or the bidding goes over the maximum that you have set for yourself.

There are different advantages to taking part in both types of bidding. Choosing to place a pre-bid allows you to head into an auction with a sense of understanding or even of added confidence if you had the highest pre-bid. You can go into the auction on your own terms, placing a higher pre-bid on an item that might deter others from bidding when the real-time bidding starts. The pre-bidding process allows you to dictate the beginning of the auction – at least until the highest pre-bid is made available. In the pre-bidding process you will also be able to set a maximum bid if you will not be able to be at your computer during the real-time bidding. Of course, there are advantages to holding off and waiting for the real-time bidding to begin as well. For instance, if you are only participating in real-time bidding you won’t have committed anything if you decide that you have changed your mind (all bids placed are final should you become the highest bidder). You also won’t end up overbidding yourself. Like we mentioned above, you could potentially place a pre-bid higher than anyone else in the auction was planning on bidding, thus having to pay substantially more than you would have if you simply waited to bid once the auction was live. Real-time bidding allows you to have all the information possible before participating in the auction.

what is pre-bidding

Whichever way you choose to bid, you are sure to have a blast participating in an online auction. Auctions are such a great way to buy items you’re interested in and can often result in much lower prices than you would pay in a store. Afterall, YOU are the one dictating how much you are willing to pay!

Ready to start bidding in an auction? Click the button below to view our current auctions. Have further questions about the bidding process or about our auctions in general? Head on over to our FAQ page or contact us here!