
Purple Wave
What is Purple Wave?
Purple Wave is an online auction platform specializing in heavy equipment, vehicles, and farm machinery sales. The company conducts no-reserve auctions with a transparent bidding process.
Top Features:
- No-Reserve Auctions: All items are sold to the highest bidder without minimum prices.
- Equipment Inspection: Detailed item descriptions and condition reports are provided.
- Credit Card Payments: Accepted for purchases up to $2,000[4].
Pros and Cons
Pros:
- Simple Contract: One-page agreement compared to competitors' lengthy documents.
- Professional Service: Straightforward condition reporting and sales process.
- Credit Card Option: No additional fees for credit card use under $2,000.
Cons:
- High Buyer Premium: 10% buyer's premium on all purchases.
- Website Issues: Platform can be slow and difficult to navigate.
- Limited Search: Challenging to find items within specific geographic areas.
Use Cases:
- Equipment Acquisition: Businesses looking to purchase used heavy machinery and vehicles.
- Fleet Liquidation: Companies needing to sell multiple vehicles or equipment pieces.
- Farm Equipment: Agricultural businesses buying or selling specialized machinery.
Who Can Use Purple Wave?
- Equipment Dealers: businesses that buy and sell heavy machinery.
- Farmers: agricultural professionals seeking equipment at competitive prices.
- Construction Companies: organizations needing to buy or sell construction equipment.
Pricing:
- Seller Fees: approximately 4% commission
- Buyer Premium: 10% on all purchases
Final Verdict:
Purple Wave delivers a straightforward auction experience with transparent processes, though high buyer premiums and website navigation issues may deter some users. Best suited for those willing to factor in additional costs for verified equipment purchases.
FAQs:
1) Is Purple Wave legitimate?
Yes, Purple Wave is a legitimate auction platform with a track record in equipment and vehicle sales.
2) What are Purple Wave's fees?
They charge a 4% seller commission and a 10% buyer premium on purchases.
3) Can I use a credit card on Purple Wave?
Yes, but only for purchases up to $2,000.
4) Are Purple Wave auctions final?
Yes, all sales are final and items are sold "as is."
5) How do I inspect items before bidding?
Purple Wave provides detailed descriptions and photos, and you can arrange physical inspections before bidding.
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