INNOVATIVE NEW ONLINE MACHINE TOOL AUCTION LAUNCHES TO MANUFACTURING INDUSTRY

An innovative new service has launched,designed to help manufacturing businesses buy and sell CNC machinery with complete confidence and ease.

The CNConlineauctions.com website is an easy-to-navigate online auction system for buying and selling CNC machine tools in the UK and Europe, with a location set up in the United States to cater for the global market.

The service and ownership is completely independent of any other business in the sector, such as machine tool dealers or OEM agencies.

The site has been developed by CNC industry specialists who recognised the need for a transparent auction process, whereby the costs could be split evenly between buyer and seller to provide a one-stop solution for both.

The system also takes care of the logistics too, as the entire process of moving the machine and getting it up and running safely at the buyer’s site can be organised through the website.

Developed as a risk-free option for business, the process is supported by Assurance+ options to remove all the headaches and potential pitfalls for both buyers and sellers, including taking care of health and safety requirements too.

How it works

The system is simple, and virtual online auctions complete on every day of the week. Buyers register online and upload images and information on the equipment for sale.

The following day a five day viewing period commences on all lots within the auction, during which time all potential buyers also have a chance to find out more or make an offer on the item.

This is followed by a ‘live’ period for bidding which lasts for four days. During this period all parties are kept informed and are alerted if they are outbid to give them a chance to make a higher offer. Alternatively buyers can make a ‘buy now’ offer at any stage. The final and tenth day of the process concludes with “sale day”.

Benefits for both buyers and sellers

The auction fee is split between both parties at 7.5% each making it a great way for sellers to recoup maximum value for unused assets in a transparent way.

For buyers there’s an added option in terms of buying without risk, with a variety of Assurance+ benefits available to take care of all the practicalities such as decommissioning and removal from the old site, delivery to the new site, offloading and installation, function testing, training, and power up warranty options to ensure the machine purchased is fully operational and health and safety compliant.

Managing Director Paul Lee said; “This is designed as an online vehicle for buyers and sellers of CNC machine tools in managing the whole process of relocation, installation and re commission plus long term confidence in ownership using the additional support of the Assurance+ package”

“It ensures for both buyer and seller that their asset value is maximised. For sellers that’s as a successful sale of unused or sometimes even new machinery, or for buyers as a risk-free purchase of an item in a way which will ensure it provides a safe and productive return on investment.”

He added; “What we have done is made the process as transparent and easy as possible, so all parties know what’s due to happen when, and the process is managed and fully supported throughout.”

To register an item for auction or visit auctions as a buyer visit www.cnconlineauctions.com, call 0333 202 0850 or email info@cnconlineauctions.com

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