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Consignment equipment refers to equipment that is sold through a third-party seller (consignment service) on behalf of the owner. The owner retains ownership until the equipment is sold, and the consignment service takes a commission or fee for handling the sale.
How Consignment Equipment Works
Agreement – The owner and the consignment service agree on pricing, terms, and commission.
Marketing & Listing – The consignment service advertises the equipment online, at auctions, or through direct sales.
Inspection & Storage – Some services inspect and store the equipment until it sells.
Sale & Payment – Once sold, the owner receives the payment minus the service’s commission.
Industries That Use Consignment Equipment
Construction (Excavators, bulldozers, loaders)
Aviation (Aircraft parts, ground support equipment)
Medical (Imaging machines, surgical tools)
Manufacturing & Industrial (Machinery, forklifts, CNC equipment)
Agriculture (Tractors, harvesters)
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