Monday, April 28, 2008

How To Bid Online


There are three steps to complete before you can attend an online auction.

  1. Get a bidder number and password
  2. Sign up for the auction you want to attend
  3. Send in a bank letter for the auction
Click HERE for Complete Instructions

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

First go to the EquipmentFacts homepage, www.equipmentfacts.com, and on the left hand side of the page you will see a link that says "Get a Bidder Number". Click there and fill out 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 Equipmentfacts auction.

2 - Sign up for the Auction

After you have your bidder number and password you must activate them for the auction you would like to bid on. From the EquipmentFacts homepage, locate the Henderson auction you want to attend. To the right hand side there will be a link labeled "Auction Details", click there. Then enter your bidder number and password scroll down and read the terms and conditions for the auction. Be sure to click I accept the terms and conditions before you submit the form. If the application was successful you will be taken to a confirmation page.

3 - The Bank Letter

Henderson Auctioneers require a Bank Letter in order to be approved to bid online, this is clearly stated in the terms and conditions for the auction. The Bank Letter must be faxed to 908-842-0427. If you are unable to obtain a Bank Letter, contact Henderson Auctioneers for any special consideration in order to be approved to bid online. 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 your auction in (Auction Location) on (Auction Date). We hereby agree that no stop payment will be issued in conjunction with this letter."

4 - 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 the EquipmentFacts homepage and locate the Henderson auction you would like to attend. Then you will see a flashing "Auction in Progress" button. Click there to login to the auction. You will be asked for your bidder number and password, then you will see the auction rules. Read the rules then click the "I agree" button at the bottom. Congratulations, you are now on the live Bidding Page.

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