IronPlanet Delivers More Buying Power with the Addition of Express Financing; Adds Warranty Options with TruNorth and AmTrust

PLEASANTON, Calif. – IronPlanet^®, a leading online marketplace for selling and buying used equipment and other durable assets, today announced that buyers on IronPlanet, TruckPlanet^® and GovPlanet^® can now take advantage of instant Express financing on equipment purchases when they want to bid. Express, by Currency Capital, along with IronPlanet’s IronClad Assurance^® equipment condition certification is another way that IronPlanet helps its customers to buy online with confidence.

IronPlanet’s suite of value-added buyer services includes:

• Its exclusive IronClad Assurance equipment condition certifications and inspection reports;
• Instant financing with Express and financing options from Cat^® Financial;
• Warranty programs on eligible equipment from Cat Financial, TruNorth^TM, and AmTrust; and
• Competitive quotes and state of the art transportation support from VeriTread.

“Express’s ability to provide instant financing gives our buyers more purchasing power and greater transparency in their ability to make equipment purchases,” said Randy Berry senior vice president, Operations & Services, IronPlanet. “At IronPlanet we are committed to giving our customers the confidence to bid on big, heavy equipment that keeps their businesses running. From our IronClad Assurance, to our long-time partnership with VeriTread, and now our multiple warranty and financing options, online buyers have an integrated experience that lets them bid, buy, transport and put to work the used equipment they buy from us – all in one transaction from their office or jobsite.”

Don't miss our heavy equipment auction on Thursday, July 14, 2016. Look for over 1,400 pieces of equipment for sale. This week's lineup features professionally-maintained conventional sleepers from Walmart and International ProStar Day Cabs from the Albertsons fleet. Look for six rough-terrain cranes, track excavators, crawler tractors, motor graders, wheel loaders, dump trucks and much more. All items for sale are available now to preview and bid.

2011 Link-Belt RTC-80100 Rough Terrain Crane

Item #681850. 100 Ton Capacity, 40'-150' Five Section Boom, 55' Jib, 100 Ton Load Block, Single Drum, A/C, Heater, Load Moment Indicator, International Engine, 3-Way Steering.

Heavy equipment owners look to restructure as downturn continues.

ATB Financial, the largest Alberta-based financial institution, states in a report released July 4 that there’s “a glimmer of light” at the end of the province’s darkened economic tunnel.

That conclusion is based on an Ipsos online survey of 1,007 respondents conducted in April. But it’s a minuscule glimmer, some would argue.

Just five percent of those surveyed viewed Alberta’s economy as much better than it was six months ago, but that’s a three percent increase which ends a downward slide of opinion that began in the fall of 2015. Still, 44 percent view the economy as much worse than it was six months ago, down from 47 percent in Q1 2016. Glimmer indeed!

ATB’s survey report also outlines the huge impact the downturn has had, finding that 55 percent of Calgarians and 53 percent of Edmontonians claimed to be significantly impacted by the drop in oil prices, a higher rate than in other parts of Alberta.

Province-wide, 49 percent of Albertans say they’ve been impacted by the slump in oil and natural gas prices which have plummeted more than 50 percent since late 2014. A whopping 30 percent of survey respondents said they’d lost their jobs as a result.

Do you know the worth of your underutilized or aging heavy equipment? Your machines are probably more valuable than you think, especially if you’ve kept the items in good working condition. There are plenty of eager buyers around the world who are willing to take used equipment off your hands. But before you put equipment up for sale, there are four important steps to take in order to maximize an item’s resale value and get the most out of the sale of your used equipment.

1. Maintain your equipment

Basic maintenance can make a big difference in the quality of your equipment and its resale value. If an item is in poor condition, the pool of buyers interested will be significantly smaller than if the machine has been taken care of properly.

Owners that implement a preventative maintenance program immediately after purchasing equipment ensure that items stay in the best possible condition over time and can then offer buyers reliable machines. Basic maintenance can prevent the failure of major equipment parts, especially hydraulic components. Hydraulic cylinders can leak oil or other pressurized fluids if bushings or seals rot, wear or crack.

A preventative maintenance program should focus on:

• Repairing mechanical, structural and cosmetic issues as they arise
• Keeping engines well-oiled and hydraulic fluid at proper levels, and changing fluids as per manufacturer recommendations
• Replacing parts that have visible corrosion or damage, such as rusting hardware and broken windows
• Recapping or replacing tattered tires at the first signs of wear
• Keeping a schedule and record of all equipment services

Join us Wednesday, July 6 for our weekly GovPlanet equipment auction featuring over 300 pieces of equipment from the U.S. Marine Corps., U.S. Army and more. Look for a huge selection of equipment such as track excavators, HET trucks, backhoe loaders, crawler tractors and forklifts. 

Don't forget - for a limited time, we are offering a selection of United States Marine Corps M1123 Humvees. These unique Humvees are are available for pre-sale ordering through our Daily Marketplace.  The Humvees are demil certified and ready to be put to work. Hardtop and hard door conversion kit installed with 4 man and 2 man versions available. Offered with a clean SF-97.

2007 John Deere 270D Track Excavator

Item #682210. Open Operator Station, John Deere Diesel Engine, 10' 3" Stick Length, 32" Track Shoes, 47" Wide Loader Bucket

Check out some interesting global headlines around the construction and heavy equipment industry as we close out the month of June.

Auctioneering Industry Thrives in Oil Downturn (Houston Chronicle)

"As the auctioneer's megaphone faded off in the distance, Cody Baker and Matthew Boykin had wandered far out to the edge of a 130-acre gravel lot to check out a row of man-lifts, the crawlers with big arms that elevate workers to high places. They hoisted hoods in the hot sun, poked at wiring, peered underneath to check for oil leaks, trying to find a few worth taking back to Midland to put to work in the oil fields." Read more

New Construction Starts Rise 5 Percent in May (Construction Equipment)

"Strong gains reported for public works, power plants, and multifamily housing." Read more

Now that summer is here, the excavator becomes essential for many jobs sites, big and small. But, how do you know what type of equipment you need? Should you consider an attachment instead? Whether it’s job needs, weight or resale value, there are many things to consider when purchasing a used piece of heavy equipment. Taking the time to learn about different choices will help you select the right machine for your job. Here are a few tips to choosing the right excavator to help with your summer project and beyond.

Job requirements

First determine what work the excavator will be required to accomplish your job sites. Excavators are available in a number of different sizes. Mini-excavators are often used within buildings because they fit inside easily and can be used for interior demolition or in tight spaces between buildings. However, they aren’t capable of carrying heavier loads. For organizations doing water and sewer work, it’s essential an excavator be able to lift heavy concrete structures and dig within certain depths. For contractors working alongside highways, the excavator may need to have a zero tail swing or zero radius so that it can be operated without swinging into oncoming traffic.

Join us Thursday, June 30, for our End of Quarter auction, with over 1,000 pieces of equipment for sale. This week's heavy equipment auction lineup includes conventional day cab trucks Cat Trucks, International ProStar Day Cabs from the Albertsons fleet, equipment from Corman Construction in Maryland, and a selection of wheel loaders from a One-Owner Sale in New Mexico. All items for sale are available now to preview and bid.

2003 Cat 980G Series II Wheel Loader

Item #739223. Enclosed Cab, Air Conditioner, Heater, 136" Wide General Purpose Bucket, Tilt Steering, Command Control Steering, Autoshift, Onboard Scale, Auto-Lube System, 29.5R25 Tires

Join us this week for huge our end-of-quarter sales across multiple marketplaces. Events kickoff on Tuesday, June 28, with IronPlanet’s monthly Parts, Tools and Attachments sale where buyers can find items that extend the life and capabilities of their machines. June 28 will also feature GovPlanet's all Humvee sale with more than 300 Humvees including a limited quantity of USMC Model M1123 HMMWV's available. For the first time, civilians can now own a US Marine Corp's model M1123 HMMWV that has been demilitarized and outfitted for sports and outdoor enthusiasts. Check them out! 

Remember, IronPlanet’s IronClad Assurance^® equipment condition certification on equipment listed on IronPlanet, TruckPlanet^®, GovPlanet^®, and catauctions.com gives you the confidence to buy online knowing that the equipment has an accurate representation of condition. 

Visit www.ironplanet.com for equipment details and start times.

Warriors Over the Wasatch is here again! This weekend, on the heels of their participation in the Government Fleet Expo & Conference in Nashville, GovPlanet is sponsoring the annual open house and air show at Hill AFB, taking place June 25-26, 2016. This unique Utah event is expected to bring roughly 650,000 people to the local area.

In addition to the awe-inspiring U.S. Air Force Thunderbirds aerial demonstration, U.S. Army Golden Knights parachute team and number of other military and civilian aerial demonstrations, attendees will be able to connect with GovPlanet and see our special event Humvee. The Humvee was rebuilt by Salt Lake City’s Plan B Supply, and has been wrapped for the event to help bring awareness to the Warriors Over the Wasatch -as well as the Fisher House Foundation. GovPlanet is a major supporter of Fisher House Foundation, which supports a network of comfort homes where military and veterans' families can stay at no cost while a loved one is receiving treatment.

And, don't miss your chance to take a picture and win an iPad! Use the hashtag #GovPlanetHumvee for a chance to win! Can't make the show in person? Follow us on Social Media @IronPlanet.