How To Buy

How to Buy at a WorldNet Auction

There are three steps to complete before you can attend a WordlNet auction.

(1) Get a bidder number and password  

(2) Sign up for the auction you want to attend

(3) Fax a bank letter of guarantee for the auction.

 
 1. Get a Bidder Number and Password - First Time Users Only

            - Go to www.equipmentfacts.com

                 - Click on “Get a Bidder Number” on the left side of the page and complete the online form. Be sure to read the Terms and Conditions before you submit the form. You will receive an email within 24 hours with your bidder number and password. Keep these in a safe place; they are permanent and good for any auction. 

 2. Sign up for the Auction

            Once you have your bidder number and password you must activate them for the auction you would like to attend

            - Go to www.equipmentfacts.com

            - Click on "Auction details" to the right of the auction you want to attend

            - Click on "Sign Up for Auction". Enter your bidder number and password and scroll down to read the Terms and Conditions for the auction. Be sure to click "I Accept" before you submit the form. If the application was successful you will be taken to a confirmation page.

 3. Bank Letter of Guarantee

            Auctioneers require a Bank Letter of Guarantee in order for you to be approved to bid at their auction - this is clearly stated in the Terms and Conditions that you have accepted. The Bank Letter must be faxed to 908-842-0427. If you are unable to obtain a Bank Letter, contact WorldNet Auctions for any special consideration. Below is a Sample Bank Letter.

“Mr. (Customer Name) is a customer in good standing at our bank.  We will guarantee the payment of checks on his account (account number) up to (specify amount) dollars for purchase at a WorldNet Auction on (Auction Date).  We hereby agree that no stop payment will be issued in conjunction with this letter.” Once this letter is received and verified, an e-mail is sent to you confirming you have been approved to bid!

 Logging in to an Auction

      Once you have completed steps 1-3 you are ready to attend the auction.  On the day of the sale go to www.equipmentfacts.com and click on "Auction in Progress" next to the auction you want to attend and the one you Signed Up for. You will be asked your bidder number and password. Read the rules and click the “I Agree” button at the bottom. Congratulations, you are now on the live Bidding Page.

 Sample of Live Bidding Page

Bidding Window Features:

  The bidding window has many features. Working clockwise from the top left of the sample picture above, follow the arrows from the description to the correct part of the bidding window:

 -Live Video Feed - Live video of the auction site and equipment being sold.

 - Lot Description - Information about the current lot being sold. This includes the lot number, description, features, serial number, miles, and any other information available.

 -Current lot - Along the top of the page is the current lot, showing the lot number and name of the item.

 -Bid History - This shows all the bids for the current lot. Floor indicates a bid onsite. 

 -Bid - Click this to bid the asking price on a current lot. 

 -Asking Bid - This number will appear in red and is the amount the auctioneer is asking for. When you click the bid button this is the amount you are bidding. 

 -Current Bid - This is the current high bid held by the auctioneer. If you are the high bidder your bidder number will appear below this number.

 - Sale Catalog - Clicking this at any time during an auction will open the sale day catalog in a new window.  It will show all the lots being offered online. Please note there may be items at the sale that are not offered online. 

 -My Purchase - Clicking this at any time during the auction will open a new window that shows the lots you were the high bidder on. This list must be confirmed by the auctioneer before the sales are final. 

 -Chat - If at any time during the sale you have a comment or question, you can type it in the small bar to the left of this and click "chat" to send the message to the auction clerk. Please note anything you type here can only be seen by the clerk and only you can see his response.

 -Chat Module - Here is where you will see any messages sent by the auction clerk. Although we provide live audio at all our auctions, not everyone has speakers on their computers. The auction clerk types any announcements the auctioneer says pertaining to the lot being sold. This is also where you will see a reply to a message you may have sent.

 -Thumbnail Images - When a lot is being sold, click these small pictures to enlarge. The first picture on the far left is displayed by default. Pictures will include different angles, cabs & odometers (if available).

 
- Choice - When an auctioneer offers choice on similar items, you can purchase any of them or all if you are the high bidder. We will automatically display the first lot. Regardless of which one you want, bid on this lot. Once the lot sells, if you are the high bidder, boxes will display on your screen only for you to choose which ones you want. You can pick the first one only, the second and fourth, the third one or all. Just click on the boxes! If you do not make a choice, you will automatically get the first one only.

See Photos Below:

 Paying for the items you purchased:

Once the auction is over, Equipmentfacts provides WorldNet Auctions with your information: Bidder Number, Name, Company Name, Address, Phone & Fax Numbers. They will invoice you for the full amount - including our commission - usually the very next day, via fax.

Troubleshooting:

  -Invalid Bidder Number or Password

If you try to login to an auction and you get the message, "Invalid Bidder Number or Password", either you have not signed up or you have not yet been approved to bid for this auction.

If you have any questions please call Equipmentfacts at 908-685-7323 or email mailto:info@equipmentfacts.com