These new services include detailed equipment information, real-time auction results through www.rbauction.com, equipment financing, powertrain service warranties and property and cargo insurance. The services became available July first.
Detailed Equipment Information: Ritchie Bros. will collect and provide more equipment information online for all of its industrial auctions around the world. Available in 21 languages exclusively through Ritchie Bros.' web site, detailed equipment information will include up to 50 high-resolution photographs of each item, allowing customers to see key components of an item, along with a multi-point summary of those components and comments on basic functionality.
Real-time auction results: Real-time auction results will be available for all customers viewing its auctions online through www.rbauction.com. Customers will instantly be able to see how much items have sold for and will be able to scroll back to see pricing for items they may have missed earlier in the day.
Equipment Financing: Ritchie Bros. Financial Services has partnered with leading equipment finance providers to bring fast, convenient, no-obligation financing options to customers. Financing options include equipment loans and lease-to-own programs. Available now in the U.S. and Canada, RBFS plans on rolling out its services to Ritchie Bros. customers in Europe and remaining global operations in 2012.
Powertrain Service Warranties: Customers are now able to purchase an optional powertrain service warranty for select equipment available at Ritchie Bros. auctions in the U.S. and Canada (excluding equipment sold at on-the-farm agricultural auctions). All warranties are underwritten by AmTrust Group, a subsidiary of AmTrust Financial Services, Inc. Buyers will be able to purchase a powertrain service warranty for select equipment purchased in Ritchie Bros. auctions held in Europe and the rest of the world in 2012.
On-site Property & Cargo Insurance: Customers can now purchase optional on-site property and cargo insurance for equipment purchased or sold at Ritchie Bros. auctions in the U.S., Canada, Europe and Australia. On-site property insurance will protect a customer's equipment while it is on a Ritchie Bros. auction site; cargo insurance will protect a customer's equipment while it is in transit to or from a Ritchie Bros. auction site. Both of these insurance products are brokered by Marsh.
For more information: www.rbauction.com/services