How to Buy

The on-line auctions at Waste Equipment Exchange are held over 7, 14, or 21 days. The reason for a long auction period is that, it allows buyers to arrange financing, ask the seller questions about the equipment, and even arrange a day to inspect the item. Third party inspections are strictly at the discretion or the seller and the expense of the buyer.

Bidding: Auctions start with a minimum bid or starting price. The first bid will open with the set starting bid amount. The second and subsequent bids must be greater than the starting bid and must meet the minimum bid criteria. The minimum bid, or bid increment, is the lowest bid amount allowed during that auction and will vary depending on the piece of equipment being sold. Usually the bid increments are between $100 and $500.

Proxy Bid: Don't have time to watch the auction on the closing day? No Problem! With Proxy Bid, you can enter the maximum amount you are willing to spend on an item and let our auction system do the work for you. Proxy Bid will place the bid increment bids on an item up to your maximum amount. If the auction closes at a price below your proxy bid, the system will only go to that price.

Reserve Price: While most auctions at Waste Equipment Exchange are un-reserved, a seller has an option to place a reserve on their equipment. A reserve is the lowest amount that the seller is willing to except for their equipment. An auction that has a reserve will be noted during the auction. Once the reserve has been met, the item will be sold to the highest bidder. If an item is not bid up to the reserve price when the auction ends the seller will have three options. 1/ they may re-list the item at a later date. 2/ the seller can contact the highest bidder to either accept their offer, or negotiate a price to sell the item. 3/ the seller can simply remove the item from the site. All these options are strictly at the discretion of the seller.