Commissions and Fees

FEES:  There are no fees for listing on this website.

SELLER'S COMMISSION:  A seller normally pays a commission of 10% of the agree-upon price of a sale.  If a seller requests to have Bid on Equipment personnel enter his listing for him (do the typing), there is a 2% surcharge added to the seller's commission at the time of the sale as compensation for our staff expense (making his total commission 12%).   If the item does not sell, there is no fee.

BUYER'S COMMISSION:  The buyer normally pays a 10% commission.

MINIMUM COMMISSION (Small Sales):  If a sale is for less than $500, there is a minimum commission of $50 for both the seller and the buyer.  For example, if a sale is for $350, the buyer pays $400 seller receives $300.

Terms for Buyers

General
All items on this website are sold AS-IS and WITH ALL FAULTS with no guarantees.

Loading and Shipping
All sales are FOB location. The SELLER IS NORMALLY RESPONSIBLE FOR LOADING THE MERCHANDISE ON THE BUYER'S TRUCK, unless other terms are noted in the item description. The buyer is entirely responsible for arranging and paying for shipping. Bid-on-Equipment.com, Inc. bears no responsibility for shipping. Ownership of the merchandise normally transfers to the buyer upon loading. If crating is necessary, the buyer is normally responsible for arranging and paying for this. In the event that the shipping company invoices, and otherwise seeks payment of shipping charges from Bid-on-Equipment.com, Inc., Buyer shall indemnify and hold Bid-on-Equipment.org, Inc. harmless from any and all such shipping charges incurred by Bid-on-Equipment.com, Inc. This indemnification shall include all attorney’s fees, court costs, expenses, losses, and other monies paid as a result of the defense of such shipping charges or any efforts and costs incurred in enforcing the terms of this indemnification agreement.

Buyer's Right to Inspect
Sales on this website are SUBJECT TO INSPECTION prior to shipment. If a bidder elects to exercise the right to inspect a 20% REFUNDABLE deposit will be charged. The seller's location will be revealed after the deposit is received. The bidder will be given a reasonable amount of time to make the inspection. If, upon inspection, the bidder decides to reject the equipment, the deposit will be returned. If the buyer approves of the equipment, the deposit will be applied toward the invoice. If a buyer agrees to have his purchase shipped to him without prior inspection, it will be deemed that he has waived his right to inspect. ITEMS PURCHASED CANNOT BE RETURNED

Buyer's Premium
The successful bidder pays a 10% (minimum $50) buyer's premium in addition to his bid.

Payment
No equipment will be shipped until payment has been received in full. ALL PAYMENTS SHALL BE MADE TO BID-ON-EQUIPMENT.COM.  Bid-on-Equipment.com acts as an intermediary between the buyer and the seller. Acceptable methods of payment for sales within the United States are: wire transfer, certified check, bank check, or company check with a bank letter of guarantee. For sales outside the United States, only wire transfers will be accepted.

Accuracy of Listings
Machine descriptions and representations as to condition are strictly the opinion of the seller and have not been verified by and are not guaranteed by Bid-on-Equipment.com. It is the responsibility of the buyer to verify the accuracy of the listing and the condition of the equipment.

Availability of Equipment
It is possible that an item has become unavailable since it was posted and the seller has not informed us of that fact. Therefore, Bid-on-Equipment.com cannot guarantee the availability of any listing.

Liability
Any disputes arising from a transaction or failure to complete a transaction shall be exclusively between the buyer and the seller. Bid-on-Equipment.com assumes no liability for any damages caused to buyers or sellers due to failure to complete a transaction. If a seller refuses or is unable to complete a transaction, any money paid by the buyer shall be returned in full and Bid-on-Equipment.com shall have no further liability.

Bid-on-Equipment.com assumes no liability with respect to the equipment sold or for any loss or damage to any equipment during shipment. The buyer agrees not to refuse merchandise due to damage during shipping. Shipping damage is strictly an issue between the buyer and his shipping company. Bid-on-Equipment.com also assumes no responsibility towards and will be held harmless for any incorrect information on any shipping document.

Buyer agrees to defend, indemnify and hold harmless Bid-on-Equipment.com from and against all suits, claims, costs and expenses for personal injury, death or property damage arising from the ownership or use of any equipment purchased on this website

Any agreement concerning the sale of any item on this website shall be defined by a written invoice which shall represent the entire agreement between the parties. Any oral representations or modifications to the invoice shall be of no force or effect.

All sales shall be deemed to have been entered in the State of Illinois, and any questions concerning their validity, interpretation, or performance of terms or provisions or of any rights or obligations of the parties hereto, shall be governed by and resolved in accordance with the laws of the State of Illinois.

If any action at law or in equity, including an action for declaratory judgment, is brought to enforce or interpret the provisions of any sale, Bid-on-Equipment.com, Inc. shall be entitled to recover its reasonable attorney's fees from the other party, which fees may be set by the court in the trial or appeal of such action or may be enforced in a separate action brought for that purpose, and which said fees will be in addition to any other relief which may be awarded.

 

Terms for Sellers

Loading and Shipping
All sales are FOB location. The SELLER IS NORMALLY RESPONSIBLE FOR LOADING THE MERCHANDISE ON THE BUYER'S TRUCK, unless other terms are noted in the item description. The buyer is responsible for arranging and paying for shipping. If crating is necessary, the buyer is normally responsible for arranging and paying for this.

Buyer's Right to Inspect
Sales on this website are normally SUBJECT TO INSPECTION, unless otherwise noted in the item description. The successful bidder has (5) working days from the time of the seller's acknowledgement of acceptance of his bid to exercise his right to inspect and must make his final decision within that time or the right is deemed waived. With the exception of the buyer's right to refuse the merchandise upon inspection, all sales are final.

Listings
Listing duration is normally 180 days. If an item does not sell within the 180-day period, the listing can be extended upon mutual agreement between the seller and Bid-on-Equipment.com

If a seller discovers an error in a listing he has posted, he should notify Bid-on-Equipment.com immediately by email and we will edit the listing for him.

Seller agrees to notify Bid-on-Equipment.com immediately if any items listed by him become unavailable.

The seller affirms that he is the owner of the merchandise he lists on this site or that he has been authorized by the owner to sell it, that there are no liens or encumbances on the merchandise and that he can provide free and clear title to a buyer.

Bid-on-Equipment.com reserves the right to delete or edit any listing at any time

Seller's Obligation
If the seller sets an Asking Price, he agrees to sell the item immediately to any bidder who bids that price.

If the seller sets a Reserve Price, he agrees to sell the item upon the 180-day listing expiration date to the high bidder if the bid meets or exceeds the Reserve Price.

Seller agrees not to sell any item that he has listed on Bid-on-Equipment.com DIRECTLY to anyone who found out about the item through this website, whether or not the listing has expired. Going around us in order to avoid paying a commission may result in a lawsuit.

Payment
Bid-on-Equipment.com collects payment from the buyer and transfers it, less commission, to the seller. The seller ships the equipment upon payment. THE SELLER AGREES NOT TO ACCEPT ANY PAYMENT DIRECTLY FROM THE BUYER. Seller is solely responsible for any local, state or federal taxes due from the sale

Liability
Any disputes arising from a transaction or failure to complete a transaction shall be exclusively between the buyer and the seller. Bid-on-Equipment.com assumes no liability for any damages caused to buyers or sellers due to failure to complete a transaction. Bid-on-Equipment.com makes no guarantee that any bidder will be willing or able to complete a transaction.