Consignment and Auction FAQs

Titan offers flexible consignment periods, transparent processes, and a seamless transition to auction to turn your equipment into cash. Our approach is designed to maximize your returns and minimize hassle.

You can choose from 30, 90, or 180-day consignment periods, allowing you to 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 unit listings include a Titan Uptime Inspection, which provides buyers with confidence and helps you generate more cash from your sale.

• Simple, step-by-step Consignment Listings support from Titan’s Machinery Consignment and Auction Team
• Easy online submission: upload details, photos, and your unit’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, Machinery Trader, and auctiontime.com, which may or may not include targeted campaigns, videos, social media, Titan Tuesday Text Campaign, and auctiontime.com.
  

This price is displayed for your equipment listing(s) on all online platforms of titanmachinery.com, tractorhouse.com, or machinerytrader.com. 

If, by chance, you give verbal, text, or email confirmation for your Consigned Unit to enter the 5-Week Machinery to Cash Auction process, we will provide your desired “buy it now price” for three to 6 weeks for bidders who want to beat the ending two-week auction process. The Minimum Auction Price (Reserve) is the Reserve price that bidders must reach at a minimum before your unit can sell via the Machinery Cash to Auction process if you have a secured amount owed on your equipment unit(s).

If your equipment remains unsold, you can opt to move it directly into our Machinery to Cash Auction, with no extra steps required on your part, except for verbal or email confirmation to move your unit into the Machinery to Cash Auction process.

When you choose to enter your unit into the 5-week Machinery to Cash Auction, your equipment will be listed in the Pre- auction (Pre-AT) at your Pre-AT Buy it Now price for a period of 3 to 6 weeks. If the Pre-AT buy price does not result in a sale, the unit will automatically proceed to auction. During this period, buyers can place bids, and the unit will be sold to the highest bidder. For units with an amount owed secured against them, if the highest bid meets or exceeds the listed reserve price, the equipment will sell, and you will receive payment in accordance with the auction terms.

If your equipment does not meet the reserve price and does not sell, you have options:

• Lower your Buy It Now price and reserve price and re-enter the 5-week auction process.
• Re-enter a consignment period at a lower price.

Yes, 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 unit. The cost of getting the equipment to the store is the customer’s responsibility. 

All items that enter the Machinery to Cash Auction process must be brought to the store before the auction period begins.

Yes, before any forward process to enter a unit into the Machinery to Cash Auction or to be paid, all equipment must be Free and Clear of ALL liens. If the equipment has a secured amount owed against it, it can be listed on auctiontime.com. If bidding meets the reserved price, which is locked into auctiontime.com, the secured amount will be 4% of your secured amount, and the unit 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–$50,000
• 8% for $50,001–$100,000
• 5% for $100,000+
• $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

Machinery to Cash Auction Removal Fee:

• 3% of the agreed Buy It Now price (for units listed for auction; the Buy It Now fee is determined by the consignor and Titan for the 5-week auction process).
• If the Unit does not sell via the Machinery to Cash Auction process, 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 will provide Auction Average values based on current market sales results, precisely 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.