Ritchie Bros sale

freeflorider

Active VIP Member
Joined
Dec 17, 2011
Messages
2,815
Reaction score
8,808
Location
West koots
I called Ironplanet which is owned by Ritchie Bro’s. I told them the make/model/condition/hours of three pieces of large equipment. He said he needed to come out to determine a price. He proceeded to tell me I wanted too much, the equipment is not worth as much as I think, but I hadn’t even said a price yet!

I said I don’t wanna waste my time meeting when we can agree to a price rt now. After all it is Ironplanet, an online buy and sell site right?

The dude says I gotta go through the process and meet.

I had to ask three separate times “who decides the listing price for my equipment?”
He finally answers and says “I do.”

I said “nice talking to you” and hung tf up. Waste of a few hours. What a buncha crooks.

the faster they sell your stuff the richer they get. No matter what the asking price is they get a % for supplying a web site. not great deal for the seller.
 

Cyle

Active VIP Member
Joined
Jan 21, 2008
Messages
7,182
Reaction score
4,762
Location
edmonton
I called Ironplanet which is owned by Ritchie Bro’s. I told them the make/model/condition/hours of three pieces of large equipment. He said he needed to come out to determine a price. He proceeded to tell me I wanted too much, the equipment is not worth as much as I think, but I hadn’t even said a price yet!

I said I don’t wanna waste my time meeting when we can agree to a price rt now. After all it is Ironplanet, an online buy and sell site right?

The dude says I gotta go through the process and meet.

I had to ask three separate times “who decides the listing price for my equipment?”
He finally answers and says “I do.”

I said “nice talking to you” and hung tf up. Waste of a few hours. What a buncha crooks.

I avoid RB as much as possible now. When I bought my last piece of equipment there last year I went first to pickup my small stuff, the lady was pissed off I wasn't paying for the skidsteer at the same time and when I said I was still waiting to hear on financing from RB her comment was "It's only 30 grand I don't even think they will bother". Well if it's only 30 grand you could pay for it out of your pocket, or just give it to me for free. $30k is still a fair amount of money in my eyes. Ended up paying cash for it as they had a chitty offer. I still view auctions but if I can buy elsewhere I will. In the last few years they've got incredibly arrogant and I think it's going to bit them in a$$ big time. I would love to see a big investor team up with Michener's or Osman or open up a new one and take a huge cut of RB business, at least locally here. Michener has a stranglehold on pickups and is already in with a lot of companies, if they offered better guarantees then RB they'd get the business easily I bet. A lot of the time they bring in the same dollars or better anyway the time you factor in difference of commission.
 

sledneck__11

Active VIP Member
Joined
Jan 16, 2011
Messages
1,643
Reaction score
5,497
Location
saskatchewan
Any body see rb new fees? Like fack there insane now trippled buyers fee on anything over $$$ 75000 watch what u pay boys


• Except as noted below, each purchased Lot will be subject to a transaction fee of: (a) 10% on all Lots selling for CAD 12,000 or less, (b) 4.85% on all Lots selling for over CAD 12,000 up to CAD 75,000, with a minimum fee of CAD 1,200 per Lot or, (c) CAD 3,638 on all Lots selling for over CAD 75,000.
• For on-farm auctions, regardless of whether you are bidding online or in person, each purchased Lot will be subject to a transaction fee of: (a) 10% on all Lots selling for CAD 12,000 or less, (b) 3.85% on all Lots selling for over CAD 12,000 up to CAD 40,000, with a minimum fee of CAD 1,200 per Lot or, (c) CAD 1,540 on all Lots selling for over CAD 40,000.
• For the Prince Rupert auction (February 2022), each purchased Lot will be subject to a transaction fee of 12.5% of the purchase price.
• For the Elk Point auction (March 2022), each purchased Lot will be subject to a transaction fee of 12.5% of the purchase price.
 

Cyle

Active VIP Member
Joined
Jan 21, 2008
Messages
7,182
Reaction score
4,762
Location
edmonton
Good thing I doubt I will ever buy anything from RB again. They refuse to take the hint that I will never finance anything through them anymore, likely never buy anything either and won't stop calling/emailing about financing and auctions, i've been pretty rude to them and they still keep trying. I bet they raised selling commission too.
 

freeflorider

Active VIP Member
Joined
Dec 17, 2011
Messages
2,815
Reaction score
8,808
Location
West koots
Any body see rb new fees? Like fack there insane now trippled buyers fee on anything over $$$ 75000 watch what u pay boys


• Except as noted below, each purchased Lot will be subject to a transaction fee of: (a) 10% on all Lots selling for CAD 12,000 or less, (b) 4.85% on all Lots selling for over CAD 12,000 up to CAD 75,000, with a minimum fee of CAD 1,200 per Lot or, (c) CAD 3,638 on all Lots selling for over CAD 75,000.
• For on-farm auctions, regardless of whether you are bidding online or in person, each purchased Lot will be subject to a transaction fee of: (a) 10% on all Lots selling for CAD 12,000 or less, (b) 3.85% on all Lots selling for over CAD 12,000 up to CAD 40,000, with a minimum fee of CAD 1,200 per Lot or, (c) CAD 1,540 on all Lots selling for over CAD 40,000.
• For the Prince Rupert auction (February 2022), each purchased Lot will be subject to a transaction fee of 12.5% of the purchase price.
• For the Elk Point auction (March 2022), each purchased Lot will be subject to a transaction fee of 12.5% of the purchase price.
Kick em when there up, kick em when there down, kick em when they sit, kick em all around. Sound like a song they should use as there song. They have the equipment but maybe people should stop buying there.
 

sledneck__11

Active VIP Member
Joined
Jan 16, 2011
Messages
1,643
Reaction score
5,497
Location
saskatchewan
Good thing I doubt I will ever buy anything from RB again. They refuse to take the hint that I will never finance anything through them anymore, likely never buy anything either and won't stop calling/emailing about financing and auctions, i've been pretty rude to them and they still keep trying. I bet they raised selling commission too.
I just canceled all that stuff as well and told them not to contact me anymore either wrote about 4 emails
 
Top Bottom