FAQ

GENERAL

Machine Tool Bids specializes in the distribution of CNC, manual metalworking and fabricating machines. Our typical selection of machinery includes lathes, vertical and horizontal machining centers, mills, grinders, boring mills, laser cutters, plasma cutters, turret punches, punch presses, press brakes, waterjets, EDMs and saws.

Occasionally, we have plastics machinery, inspection machinery, factory equipment and tooling packages available for sale.

If you are looking to purchase a specific type of machinery not listed here, please contact us at (312) 604-1850 or at info@machinetoolbids.com

You can easily search for any machines we have for sale via Auctions, Private Negotiated Sales, Buy Now Marketplace through the Advanced Search function or in the search bar on the home page.

Machine Tool Bids only accepts machines that are in good working condition for resale, unless expressly noted in the listing. While machines are sold “as is where is”, each machine we sell requires a condition report and any service records to ensure its in good working condition and advise of any possible defects, retrofits or updates.

All specs, photos and videos (where applicable) are posted with each listing to provide a transparent view of each machine.

If you are interested in a machine(s) and have further questions or concerns, please contact us at 312-604-1850 or victoria@machinetoolbids.com for more details. 

To schedule an inspection please contact your account manager. If you do not have an account manager please contact us 312-604-1850 or info@machinetoolbids.com

Machines that are labeled as “Fully Functional” indicate that the machine is in good working order but does not carry a warranty.

Machine Tool Bids sends a weekly newsletter announcing new auctions, upcoming events and featured machines. Sign up for Auction Alerts and never miss a deal. 

You can request a quote directly from each of the machine listing pages or you can contact us at 312-604-1850 or email chris@machinetoolbids.com


REGISTRATION/PARTICIPATION

Registering for auctions is simple and free. You can easily register for a free account by clicking here or visiting https://auctions.machinetoolbids.com/Account/Register

Your auction account will allow you to view and bid on any machines in any current and upcoming auctions or events. Within your account you have the ability to also ask questions about the machines, place bids, make offers, save machines and receive communication updates about equipment you are watching. 

You can place a bid in $100 increments, starting at the current dollar amount in red (“Reserve Not Met”). You can place either manual bids or set an automatic maximum bid price. However, the reserve price must be met before the machine is available for sale. You will know if the minimum sales price is met when you see “Reserve Met” in green.

Placing a bid will allow you to participate in the online auction, where you can select your maximum bid amount and receive alerts about any items you are bidding on. Machine Tool Bids will bid incrementally for you up to your maximum bid. Your bid must meet the minimum bid displayed on the screen and your maximum bid is not visible to other users. Please note that your bid is a contract between you and the item seller. If you win the auction, you will enter into a legally binding contract.

Making an offer will allow you to submit your best offer to Machine Tool Bids for the purchase of that machine. Machine Tool Bids will contact you to confirm your offer and discuss terms related to your offer that can be presented to the seller.

Requests for bid retraction can be submitted by emailing victoria@machinetoolbids.com or by calling 312-604-1850 and speaking with Victoria directly.

Once you enter a bid, you are taken to a “Confirm Your Bid” page. You have the option to accept or cancel your bid. If you accept the bid, you also will receive an email confirmation of your bid.
As soon as the auction ends, you will receive an email notifying you that you are the winning bidder.
If you place a bid, but do not meet the minimum reserve price, and the machine did not sell in auction, you may still have an opportunity to purchase the machine once the auction has ended. The highest bidder typically has first opportunity to purchase the machine once the auction has ended. Please contact (312) 604-1850 as soon as possible to make an offer on any machine(s) not sold in auction.
If you place a bid, and someone places a higher bid, you will be notified by email immediately that you have been outbid. If you have been outbid on the day of the auction, and the end bidding time is coming to a close, additional time will be added to bid on that particular machine. This allows time for all bidders to make a decision and place a higher bid if desired.

“Reserve Met” means that a machine’s minimum sale price has been reached, indicating that the machine will sell. When a reserve is met, the machine is still eligible for bids and offers, so your next bid or offer could make you the winning buyer!

“Reserve Not Met” means that a machine’s minimum sale price has not been reached, indicating that the machine may or may not sell. When a reserve is not met, the machine is still eligible for bids and offers, but it is not guaranteed to sell. Just keep in mind that your next bid or offer could make you the winning buyer.

Reserve prices are typically not displayed to provide all interested buyers a fair platform and opportunities to place top bids and make offers that match their needs. The bidding process ensures that machines are available at great deals at fair market values, while allowing for competition among serious bidders.
When a machine is marked as "SOLD" it means the machine has already been sold prior to the auction end date. The machine is no longer available for purchase. Machine Tool Bids keeps the listing "active" and viewable to show the machine’s status in the case that a potential buyer has been watching the machine or has linked to the machine’s listing through the Machine Tool Bids newsletter or an industry source.
The 15% Buyer’s Premium is a fee added to the final purchase price of the machine, charged to the buyer. This fee covers costs incurred by Machine Tool Bids for each machine transaction, including marketing, advertising and administrative costs.

Please contact Machine Tool Bids Director of Operations Victoria Budziszewski at victoria@machinetoolbids.com or 312-604-1850


BILLING/PAYMENT

Upon sale of a machine, Machine Tool Bids will send an invoice to the buyer; and upon receipt of payment, Machine Tool Bids will send a purchase order to the seller.
Payment from the buyer is required within 5 business days of the auction end date or within 5 business days of the contracted sale, whichever comes first.

Wire transfer is the preferred method of payment. For alternative payment options please contact Accounting Manager Olivia at olivia@machinetoolbids.com or 312-226-4150

Machine Tool Bids offers flexible financing options. Please visit this link to view options and to apply.

Full payment is due within 5 business days; machines are sold “as is, where is” unless otherwise noted.

For Account and Payment services, please contact olivia@machinetoolbids.com or 312-226-4150


LOGISTICS

Machine Tool Bids has a full-service logistics department that can coordinate all rigging, freight, invoicing, paperwork and payments associated with each sale, making each machinery transaction seamless and hassle-free for you.

Once payment is received, Machine Tool Bids will contact you to set up transport of your machine to the facility or port you specify. You have the option of requesting that Machine Tool Bids use a specific freight company, or Machine Tool Bids can select one for your machine at the best negotiated rate, based on our high volume of freight services.
Once payment is received in full, Machine Tool Bids will contact both the buyer and the seller to arrange any dismantling, loading and shipping arrangements for your machine(s). Shipping times may vary, depending on variables such as starting location and destination, machine dimensions and transport scheduling. We know time is of the essence, and we will work to accommodate your needs as best possible in your specified time frame.
Machine Tool Bids has a full-service logistics department to ensure a seamless process for all machinery transactions. Buyers and sellers also have the option to coordinate their own rigging as well as the option to request that Machine Tool Bids work with a specific rigging company. Buyers are responsible for a machine’s loading costs.
Machine Tool Bids will contact any rigging or freight companies recommended by a buyer or seller. Our goal is to load and ship the machine(s) at the lowest possible cost in the quickest time frame possible. Machine Tool Bids can present several options that would best meet the buyer’s needs.
Machine Tool Bids can accommodate shipping arrangements to most parts of the world. Please contact our logistics department for more details or questions about shipping to a specific location.

For Logistic services, please contact chris@machinetoolbids.com or 312-796-7442


SECURITY

Machinetoolbids.com operates on a safe, secure transactional network. Our secure network has standards in place to prevent malware and security breaches and any personal information, such as email addresses, are strictly confidential. We do not accept personal billing information through our website. Additionally, we do not share or sell any contact information, and use this information for our auction marketing purposes only, ensuring you can buy and sell with confidence using our services.
Other bidders are not able to view your personal information. Your username, contact information, bidding activity, offers you make and any other information related to your personal account are kept private and secure, and are not available for public view.