2000 BRODERSON IC20 1,620 Hours – NO RESERVE
Auction Ended
Item condition: Used
The Auction & Purchase Process
Our Four-Step process guides you from winning the auction to receiving your machinery.
Step 1: Win the Auction
Place bids to compete for the machinery. The highest bidder at the end of the auction wins the right to purchase. The final winning bid is the all-inclusive price you pay—no separate buyer’s premiums or hidden fees.
Step 2: Receive Invoice & Submit Payment
Immediately after the auction concludes, the winning bidder will receive an official invoice from the partner bank for the winning bid amount. You will then submit your secure payment according to the invoice instructions.
Step 3: Title Clearance & Delivery Coordination
Once your payment is confirmed, the bank legally clears the machinery’s title of all liens. At the same time, we take full responsibility for arranging and managing the insured delivery of the machinery from the bank’s secure warehouse to you.
Step 4: Receive Your Machinery & Clear Title
The machinery is delivered directly to your specified address. You will receive the machinery along with its free and clear title, finalizing your purchase and ownership.
Machinery Sourcing & Our Role
Understanding the machinery’s origin and our role as your auction partner.
Machinery Origin:
This machinery is a Bank-Repossessed Asset. It was acquired by a financial institution and is being auctioned to clear their inventory. We source our machinerys exclusively from these partner banks, not from public sales.
Our Role in the Auction:
We are an Authorized Auction Broker. We do not own this machinery. We professionally manage this auction process on behalf of the bank to ensure a fair, transparent, and direct transaction between the bank and the winning bidder.
Winning Bid is the Final Price:
Our commission is paid by the bank and is structured into the auction. This means the winning bid amount is the final amount you pay. There are no additional “buyer’s premium” fees added on top of your bid.
Guaranteed Clear Title:
This machinery is sold with a Guaranteed Clear Title. As a mandatory condition of the sale, the partner bank is legally required to clear the title of all prior liens before it is transferred to you.
Current Location & Status:
This machinery is held in a secure, enclosed bank warehouse and is not in public use. It remains in storage until the auction winner completes payment, at which point it is shipped directly to their location.