Ritchie Bros. eases cash flow for equipment owners
Heavy equipment auctioneer Ritchie Bros. is supporting equipment owners through the COVID-19 crisis with flexible disposition options to improve their cash flow, including advance payment options and purchasing seller assets outright. Ritchie Bros. has taken all its auctions online and has so far seen very little change in anticipated demand 鈥� or selling price levels 鈥� for secondhand construction and agricultural machines over the last few months.
鈥淒espite these uncertain times, we are hearing from customers that there is still lots of work going on in the world 鈥� maintaining highways, power and telecommunications, water and sewerage systems, as well as transporting groceries and medicines 鈥� and we provide the equipment to companies delivering these essential services,鈥� says Karl Werner, International President at Ritchie Bros. 鈥淭he regular in and outflow of fleet management does not stop and we are here to help, with a variety of sales solutions and contract options to suit any need.鈥�
Beyond keeping its auctions and marketplaces up and running, Ritchie Bros. has demonstrated its commitment to sellers during these challenging times by offering several flexible selling options to ease cash flow. Most notably, Ritchie Bros.
has an advance payment option, where they can provide funds in advance against the expected sale price for equipment, if a seller does not wish to wait until the next scheduled auction.
In addition to advance payment services, sellers can also transfer ownership directly to Ritchie Bros., to limit administration around the sale. Equipment owners can receive individual selling advice, by simply talking with a Ritchie Bros. representative who will establish the best disposition choice for them.
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Maharashtra, India
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