Frequently Asked Questions
We've put together at list of our most frequently asked questions and answers. Check below for helpful insight on our auction process, payment options and more. Don't see what you need? Contact us directly today at 800-654-8280.
A. Click here to access the extensive library of quick to watch tutorial videos to assist you with online bidding.
A. Most of the equipment we sell is sold at auction. From time to time, we do have equipment available for private sale.
A. All of the equipment sells the day of the auction, and no equipment is sold ahead of time. There are no bid-ins or reserves. Everything sells “as is, where is." If you are not able to make it to the auction, you can set up an absentee bid or use our live online bidding option. To set up an absentee bid option, contact a Taylor & Martin sales representative at the sale site the week of the sale (note that absentee bids are not accepted the day of the auction). Get more information on our online bidding option here.
A. Our absolute auctions are open to the public, so anyone can participate -- no dealer license needed.
A. Absolute auction, simply put, means that each piece of equipment consigned to the auction will sell to the highest bidder on auction day, absolutely. Taylor & Martin conducts only absolute auctions. We never accept reserves, bid-ins, or buy-backs. That's why our loyal customers come back time and time again.
A. Anyone who wishes to bid on any piece of equipment must register online and be approved for bidding. In order to register and receive a bidder number, you must provide the following: Company Name, Buyer's Name, Street Address, City, State, Zip Code, Telephone Number. A $5,000 deposit is required to participate in each T&M auction. Buyer must submit a $5,000 Deposit in the form of a Wire Transfer or Credit Card in order to register to bid for each auction.
In addition, a bidder must indicate how he or she will pay for any purchases made. No settlements will be completed from the sale location. Payment in full must be made within 24 hours of the conclusion of the auction in the form of a Wire Transfer, Cashier's Check or a Company / Personal Check accompanied by a bank letter of guarantee, with terms acceptable to T&M. This letter of guarantee must include the following: “(Buyer's bank) will guarantee or honor Buyer's check up to a specified amount for purchases made at this auction." All purchases are subject to verification with Buyer's bank or financial institution. Credit Cards are only accepted for the $5,000 deposit and cannot be used to pay the full purchase price. Buyer will not be granted possession of any equipment until full settlement is received.
A. We accept a variety of forms of payment, however, no payments will be accepted at the sale locations. Taylor & Martin accepts personal checks, company checks, cashier's checks, and bank wire transfers. If you intend to pay by personal or company check, we require a Bank Letter of Guarantee or equivalent.
If you are paying for your purchase with a wire transfer (especially if you are a first-time buyer), then at the discretion of Taylor & Martin, a $5,000 deposit must be wire transferred to us no later than 3:00 pm central time the day before the auction. Your deposit will be applied to your purchase.
If you are not the successful bidder, your deposit will be refunded by our home office. For complete wiring instructions and any questions, visit our Registration Policy page. You can also call 800-654-8280.
A. Yes, Taylor & Martin's standard practice is to charge a 5% buyer's premium, but in some circumstances a higher buyer's premium is required (dispersal auction agreements with sellers). Bankruptcy auctions are a common example of this circumstance. If a higher buyer's premium is to be collected, it will be noted in the pre-auction flyer, the official auction catalog, and announced at the beginning of the auction. We do not charge any other administrative fees.
A. Generally, all Taylor & Martin auctions begin at 9:00 a.m. in front of Tractor Lot #1. The tractors are sold first, followed by the miscellaneous vehicles, which are followed by the trailer auction. The trailers generally begin with refrigerated units, followed in order by van trailers, agriculture trailers, flatbed trailers, dump body trailers, tank body trailers, and converter gear. At some auctions, a second auction ring will open at 12:00 pm to sell the trailers, while the first ring continues selling tractors. Check with Taylor & Martin representatives at the auction for the order of sale for that day. It will also be announced at the beginning of the auction.
A. Taylor & Martin sells every piece of equipment "as is, where is," with no warranties expressed or implied. The buyer relies exclusively on his or her pre-auction personal inspection of the equipment. In some cases, equipment may still be covered by its original engine manufacturer’s warranty. The buyer is solely responsible for contacting the engine manufacturer and arranging for any warranty coverage.
A. Unless otherwise noted, titles are mailed 15 banking days following the conclusion of the auction. If you pay in cash, certified funds, or your check is accompanied by a bank Letter of Guarantee, your titles will be mailed within two banking days. For expedited titles (i.e. next-day FedEx), contact a Taylor & Martin representative at the auction office for arrangements. A small fee may be charged for this expedited service.
A. The number of days buyers have to move their equipment varies, depending on the location. In many cases, we allow 7 days. At some of our locations, Taylor & Martin personnel are on duty 24 hours a day following the auction until the final removal date for your convenience. Best practice is to call ahead to confirm hours. The contact number can be found in the full list of auctions section or in the upcoming or recent auctions listings. We can also help you with equipment storage needs if you cannot make the removal deadline.
A. Where local and state law allows, Taylor & Martin provides "In Transit" stickers. Check with our representatives at the auction office. Note that it is the buyer’s responsibility to secure insurance on their newly purchased equipment before removing it from the lot.
A. If you don’t have regular access to the internet, Taylor & Martin can mail brochures of upcoming auctions. If you have an email address, pre-auction announcements and information about upcoming auctions can be sent via email. (Note: If you wish to receive these materials via email, they will not be sent to you via the postal service.) Please call us at 800-654-8280 with mailing information, or register on our site to receive email updates.
If you have any additional questions or comments, click here to contact Taylor & Martin, or call us at 800-654-8280