How MaxBid works
MaxBid is a hybrid marketplace: sellers list their equipment and we run the auction end to end — bidding, escrow, and settlement.
1. Register & get approved
Create an account and complete registration. Bidding is gated — every bidder is approved and posts a refundable deposit before the gavel.
2. Inspect the iron
Every lot carries a condition report with categorized ratings (engine, hydraulics, undercarriage, and more), meter hours, and detailed photos. All sales are as-is, where-is.
3. Bid to win
Timed online auctions with auto-tiered increments and proxy (max) bidding. Sellers may set a reserve and a starting bid. Anti-sniping soft-close keeps it fair at the wire.
4. Settle in escrow
Win, and you get an invoice: hammer price + a 10% buyer's premium + applicable sales tax. Pay by wire into escrow within 48 hours.
5. Haul it home
Arrange pickup at the equipment's location. MaxBid-integrated freight quotes are coming soon — for now, bring your own hauling.