Consignment and Auction FAQs

Titan offers flexible consignment periods, transparent processes, and a seamless transition to turn your equipment into cash at the best price possible. The customer controls the pricing and selects the selling pathway that best meets his/her needs. Our approach is designed to maximize your returns and minimize hassle, as we manage all the sales calls and complete all the required sales paperwork, whether a consignment, pre- auction, or auction sale result. The goal is to make sure your equipment sells before an auction event, with the customer in control of all pricing.

You can choose from 60-, 120-, or 180-day consignment periods, or a Pre-Auction 1- to 12-week period that lets you sell your equipment on your terms.

• 230+ Equipment Sales Consultants with daily farm/construction visits
• Lower fees, thorough inspections, and a transparent process
• Leverage Titan’s retail traffic, marketing power, and auction experience
• Leverage Titan Machinery, TractorHouse, Machinery Trader, and auctiontime.com.
• Access to Titan’s service, parts, and decades of industry experience
• Trusted by farmers and contractors across 90+ locations

Most equipment listings include the option of a Titan Uptime Inspection and will include details of any major repairs or what the equipment might need, which gives buyers confidence and helps you generate more cash from your sale.

• Simple, step-by-step consignment listing support from Titan Machinery ‘s Consignment and Auction Team
• Easy online submission: upload details, photos, and your equipment's story 24/7, or Titan Machinery personnel will visit your farm/construction site to take pictures and do inspections.
• Consignment Listings as a website category will benefit from professional marketing of TitanMachinery.com, Tractorhouse.com, MachineryTrader.com, and auctiontime.com, which may or may not include targeted campaigns, videos, social media, and Titan’s Campaign.
  

The customer controls the selling pathway and the price they want to receive. The stated customer price allows the system to generate an advertised price that meets the desired amount for your consignment, covers the respective fee, and is displayed for your equipment listing at titanmachinery.com.

The wholesale dollar amount allows an aggressive retail internet price to be displayed on national online platforms like tractorhouse.com, machinerytrader.com, equipmentfacts.com, and titanmachinery.com. The customer wholesale prices also provide an aggressive dollar amount to be emailed to 2000+ wholesale buyers, which is separate from the retail internet price and can only be seen by the wholesale buyer email group.

If your equipment remains unsold, you can opt to move it directly into our Auction with no Reserve, with no extra steps required on your part, except for verbal or email confirmation to move your equipment into the Auction with no Reserve 1 week to 12 week aggressive national retail advertised pricing that also includes a non-retail wholesale pricing amount emailed to the 2000 + wholesale buying network.  

When you choose to enter your equipment into the Auction with No Reserve selling pathway, the customer selects a 1-to-12-week timeline; your equipment's wholesale-generated aggressive retail pricing will be displayed nationally on the category-specific online platforms tractorhouse.com, machinerytrader.com, and titanmacinery.com.  You can change your wholesale-generated aggressive retail pricing multiple times in your selected 1-to-12-week timeline to help generate a sale before the auction event. If the equipment is not sold by the end of your selected 1-to-12-week timeline, it will proceed to auction and be sold to the highest bidder within 2 weeks of the end of your selected 1-to-12-week timeline.  You will receive payment upon receipt of payment from the winning bidder or pre- auction buyer, most often within 20 days of the sales results.

If your equipment does not meet the reserve price you set, you can lower your reserve price and re-enter the 2- to 4-week auction process or re-enter a consignment period at a lower price. Please note, if the equipment does not sell due to your reserve price, you are responsible for the auctiontime.com billing of 2% of your reserve price.

No, the consigned equipment does not need to be at the store, but it helps minimize the number of people at your business or farm who need to see the consigned equipment. The customer is responsible for the cost of getting the equipment to the store. 

All items that enter the Auction with No Reserve or Auction with Reserve selling pathway must be brought to the store before the auction period begins. 

Yes, to enter equipment into the Auction with No Reserve selling pathway or to be paid directly with sale result proceeds, all units must be Free and Clear of ALL liens. If a unit has a secured amount owed against it, it can be entered into the Auction with Reserve process, with the reserve price set at 7% above the amount owed to cover the Titan Machinery and AuctionTime fees to sell your equipment. If bidding meets the reserve price, which is locked into auctiontime.com, the equipment will be sold to the successful bidder. 

Payment is fast and secure—typically within twenty business days after lien release and receipt of sale funds.

Consignment Fees:

• 15% for units under $25,000
• 10% for $25,001–$49,999
• 8% for $50,000–$99,999
• 6% for $100,000-$199,999
• 4% for $200,000-$299,999
• 3% for units above $300,000
• $500 minimum fee

Consignment Removal Fee: $995 (Removal fee waived if the unit is traded in to Titan Machinery)

Auction Fees:

• 4.5% seller fee
• 2.5% buyer fee

Auction Removal Fee:

2% of the Customer's Desired Wholesale Price to generate a sale before the auction.
If the Equipment does not sell via the Auction with no Reserve pathway, there is no Charge, but if you choose to exit the Titan Machinery process completely, there is a $995 removal fee. 

Titan Machinery appraisal services provide Auction Average values based on current market sales results, broken down by hours, configuration, and model year, to support loans, insurance, and transfer planning. Your banker gets reliable third-party collateral values.

The $1,000 yearly auto-renewal service provides valuations on fifty units. Each additional unit from 1 to 50 incurs an extra $1000 fee.