The concept for TrucksReady was incepted when the men behind the EquipmentReady curtain realized that most buyers searching for off-lease and repo-equipment didn’t have a single resource providing them with sale / auction listings and financing resources.
It was also realized that while some lenders manage and finance their own assets, some have small asset recovery companies do that for them and others have dealer's market assets for them. They also found that some of these lenders would finance their own assets to lower tier buyers based on their specific credit criteria.
The missing piece, however, was the creation of a single umbrella which would bring all these pieces together. TrucksReady is committed to delivering just that.
The collective goal is for TrucksReady to be your one-stop-shop to find bank owned assets from multiple lenders including banks, recovery companies, or the dealer who is selling it on behalf of lenders. All of your assets can be marketed through them. TrucksReady is committed to being the primary resource for anyone who wants to buy and sell bank owned assets- whether it be for cask or by using the bank’s in-house financing.
TrucksReady accepts all types of bank owned resellers. You can sell your assets many different ways- and they provide you 100% control over how you choose to do so. You may sell them on their website using your own in-house financing or to cash-buyers only.
Additionally, you may choose to wait for the buyer who makes the right offer, or wait for the buyer who needs financing. Either way- you’re in complete control.
If you are an asset recovery company who has an exclusive agreement with a bank- you can list your bank owned assets as well; with all transactions going directly to you and the financial institutions you’ve partnered with.
If your bank would like the opportunity to finance potential buyers, either you or your bank may choose to deal with the buyer directly. If you only want to accept cash buyers, TrucksReady has reserve pricing and buyout offers for each of your items for sale to allow you to communicate with your potential buyers.
The goal of TrucksReady is to give bank owned assets additional exposure whether it be for cash sales or financing- all while providing buyers one source to find sellers and finance opportunities.
The benefits for using TrucksReady to sell bank owned assets include:
·No upfront cost
·Auction starts on 1st bid
·Auto relist
·Reserve pricing
·A “no reserve” pricing option
·Early buyout
·Make offer
·Proxy bidding
·Offer your own financing to buyers
TrucksReady does NOT charge:
·Listings fees
·Feature fees
·Highlight or bold fees
·Auto relist fees
·Buyer’s premium fees
TrucksReady does not believe in nonsense fees- and believes that pricing should be simplified for bank owned assets resellers.They only charge a fixed fee of 3% of the asset price- and only upon its sale. Bank Repo Assets, Repossessed Equipment. Repo Truck & Equipment Financing and Online Auction.
That’s good! Because TrucksReady’s focus is on bank owned assets, it would be a good idea to include your assets regardless as to who is selling it for you. TrucksReady suggests recommending they post it on their website as well. Additional exposure at no cost to you certainly doesn’t hurt. Your asset recovery company or dealer can sell it through the TrucksReady website whether you or they dictate the pricing.
TrucksReady wants to fill the void for buyers who want to buy bank owned assets but do not know where to go. Most of these lenders don’t have a place where they can sell with an option to auction and offer their own financing to buyers at the same time. Their system solves that. In addition, the TrucksReady website is very user friendly and the posting process is a breeze. Posting is so simple they guarantee it to be faster than EBay.
You can also place a proxy bid, proxy bidding allows you to place your “High Bid”.At all times you will only pay the lowest required bid should you win the auction.For example, if the current bid on an auction is 500.00 you can place a proxy bid of 2,000.Should you remain the only bidder you will only pay 500.00.However
should the item receive other bids the site will automatically re-bid
for you (up to 2,000 in this scenario) to ensure you remain in the lead.
TrucksReady understands why you would do that, but the longer your item sits the more money it is costing you. TrucksReady allows you to sell your item to not just cash buyers but to those who need financing as well. Again- you have the control over the offers you accept and the offers you decline. Your items will be marketed constantly until it’s sold. It is only upon sale that you’re required to pay for their service.
Once you have won or your offer is accepted, you will directly deal with the seller. Make sure you do your proper deligence as you will be dealing directly with each other. Seller will direct where to direct payments and form of payment acceptable. All items MUST be paid for within the scheduled acceptable period by the seller.
You have the option to accept cash only buyers. TrucksReady allows you to sell and only accept offers via Buy Out Now and Make Offer. Reserve selling is also available at no additional cost. If a buyer requires financing, you can go through your approval process first before you remove your listings.
Yes you can! You won’t have to worry about settling for less because our reserve pricing and Buy Out Now allows you to control at what point you want to sell your item.
TrucksReady allows you to choose your own bid incremnts. You can also choose default bid increments which is proportionally distributed based on reserve price. You can bid higher than the minimum bid, or you may enter a Maximum bid, but you may not bid in denominations less than the set Bid Increment. Proxy bidding will take effect if your bid is higher than the bid increment.
Yes, you may customize your listing to start and finish at anytime you want. Unlike EBay Motors where you only have 10 or 21 day listings, TrucksReady has listings which last up to 90 days for those slow selling assets while still offering you the ability to terminate the auction early. Their auctions also start at first bid, so you won’t have to worry if you don’t have any bidders.
You can set auto relist of unsold items which will cut out those annoying emails reminding you to repost. One of the many features of TrucksReady allows you to repost, for those with similar equipment, sold items.
We are not an asset recovery company so there is no conflict of interest here. Trucks Ready is an online auction specializing in bank owned assets. We understand you may have an exclusive agreement with your Asset Recovery Company, our goal is to expose all bank owned assets in one site. Additional Avenue as well to sell your assets. Since Trucks Ready is marketed as Bank Owned Asset Online Auction, tell them to sell your assets with us?
“Our goal is not compete with any of these asset companies,” concludes Dalsey. “We want to work with them.What TrucksReady is offering is a place where bank owned assets are able to receive additional marketing - worldwide exposures - because we’re better positioned to expose these listings to potential buyers at a very minimal cost to our trucks, trailers and heavy equipment bank owned resellers.”
Win win! We strongly believe that we will deliver you the missing piece...
Unlike our competitors, TrucksReady.com doesn't charge buyers' premium. Seller pay for the transaction, but you must go through TrucksReady.com payment gateway to have full security that the won item is fully available and confirmed. If the seller have sold it prior to your bid, TrucksReady.com will refund your item 100%. If you decide to pay directly to the dealer, TrucksReady.com is not responsible for any undelivered item(s) and fraudulent transactions. This is how we secure and protect your purchase.
TrucksReady does not believe in nonsense fees- and believes that pricing should be simplified for bank owned assets resellers.They only charge a fixed fee of 3% of the asset price- and only upon its sale.
Yes, you can contact the seller via our internet email system. When you are the winner, your information will be available to the seller so they can contact you then for payment process. Per Trucks Ready's Policy, you should report any seller who wants to deal with you outside our auction email system. This is of your own security. Communicate only through our Email System provides you trails of your conversation. Please consult with us directly by calling 619-847-2723 should anyone provides your thier contact info. Each item postings and bidders go through our verification profile process and personally contacted in person by one of our Agents for verification profile process.
Anyone over 18 years of age can register for Free! Only verified sellers & bidders can participate in our online auctions. To register, select the 'Register' link displayed on any of the auction pages. To bid, you will be instructed to verify your self by going through our profile verification process. You will receive an email confirming your registration. TrucksReady.com have the right to verify credit card verfication, paypal accounts, banking information and other merchant verifications to secure users' security to prevent fraudulent bids and offers. All bidders must fill out our Verification Profile before you can BID! Call 888-755-TRUCK (8782)
Your item will remain on their database 180 days after it is sold or closed. If no one bids, your auction doesn’t start so re-posting is not necessary with our auto relist system.
After we approved and verify your registration, we will send you your bidding number via e-mail and you will be activated to bid. If you do not recieve your bidder number in 24 hours please call 1-888-755-TRUCK (8782) for support.
The Auto-extend time feature will leave the bidding open for any item that has received a bid within the last 5 minutes, even if the original ending time has been reached.
A Maximum Bid is the highest dollar amount you are willing to pay for an item. Here is an example of using the Maximum bid feature: If you enter a Maximum bid the system will automatically bid on your behalf up to your Maximum bid amount. For example let's assume that you enter a bid of $100 on an item and Maximum bid of $400. If no other bids are placed on that item you will be the winner at your $100 bid. If another bidder places a bid of $200 on the item you will now be winning at the $200 plus 1 increment level (for example: $200 + $10 = $210). This of course only apply to reserve price.
Select the auction you would like view once you have been verified. You can ony start bidding when our Profile Verification Process has been completed.
Each auction has a contact person for that particular auction. If you have any questions about an item, please contact TrucksReady.com at 888-755-8782.
When you win an item you will receive an e-mail which will give you complete details of your purchase. The seller will automatically receive your contact information. Seller has its own policy when the payment should commence directly through their own acceptable payment formats. Otherwise, the seller can choose 'second Chance bidder' and you will not have no recourse to repurchased won item.TrucksReady.com will not accept security deposit to hold any items unless seller agree. Buy buyers and sellers will then sign an agreement allowing us to do so.
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