VANCOUVER, Oct. 18, 2017 /PRNewswire/ - Ritchie Bros. Financial Services (RBFS) is
expanding its reach, now serving as a preferred provider for
IronPlanet, a leading online marketplace for used equipment and
other durable assets.
IronPlanet's growing customer base will now have access to RBFS'
LeaseFlex™ and PurchaseFlex™ financing solutions, which offer more
flexibility and convenience compared to traditional bank financing
when purchasing trucks and equipment.
"Ritchie Bros. Financial Services
has a fast and easy application process, helping equipment buyers
get quicker access to the cash they need to bid and purchase with
confidence," said Sharon Driscoll,
CFO of Ritchie Bros. and Board Chair
at RBFS. "When RBFS was introduced six years ago, the company
focused solely on providing financing solutions for customers of
our live auctions. As the focus on the overall customer
experience has evolved, RBFS has diversified, providing financing
to customers buying equipment from other sources, including
dealerships. Becoming an official preferred provider with
IronPlanet is a logical next step for RBFS and an excellent
opportunity for growth."
"We are thrilled to bring our various financing solutions to
IronPlanet to help increase the purchasing power of its buyers,"
said Jim Case, CEO, RBFS. "Our goal
is to make buying equipment easier than ever before. Our LeaseFlex
and PurchaseFlex products cover a huge range of equipment types,
ages, and financing terms; once pre-approved customers can shop for
almost anything. We finance all brands. Our pre-approvals last 90
days and are quick and easy to renew."
Both IronPlanet and RBFS are part of Ritchie Bros., a publicly-traded (NYSE and TSX:
RBA), global asset management and disposition company, offering
customers end-to-end solutions for buying and selling used heavy
equipment, trucks, and other assets, when, where and how they
choose.
For more information about IronPlanet and Ritchie Bros. Financial Services, visit
IronPlanet.com and/or RBFinance.com.
About Ritchie Bros. Financial
Services:
Ritchie Bros. Financial Services
(RBFS), established in 2011, is a financial services provider
specializing in equipment financing solutions for construction,
transportation, agriculture and other industries. Owned by
Ritchie Bros., the publicly-traded
global asset management and disposition company, RBFS is uniquely
positioned to help connect equipment buyers with the right
financing provider for their purchases. As of 2017, the company has
funded more than US$1 billion in
equipment and truck purchases with their PurchaseFlex™
Financing solutions. RBFS is based in Ritchie Bros.' corporate headquarters in
Burnaby, B.C.
About Ritchie Bros.:
Established in 1958, Ritchie Bros.
(NYSE and TSX: RBA) is a global asset management and disposition
company, offering customers end-to-end solutions for buying and
selling used heavy equipment, trucks and other assets. Operating in
a multitude of sectors, including construction, transportation,
agriculture, energy, oil and gas, mining, and forestry, the
company's selling channels include: Ritchie Bros.Auctioneers, the
world's largest industrial auctioneer offers live auction events
with online bidding; IronPlanet, an online marketplace with
featured weekly auctions and providing its exclusive IronClad
Assurance® equipment condition certification; EquipmentOne, an
online auction marketplace; Mascus, a leading European
online equipment listing service; and Ritchie Bros. Private Treaty,
offering privately negotiated sales. The company also offers
sector-specific solutions including GovPlanet, TruckPlanet, Kruse
Energy Auctioneers, and Cat® auctions, plus equipment
financing and leasing through Ritchie Bros. Financial Services. For
more information about the unprecedented choice provided by
Ritchie Bros., visit
RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
SOURCE Ritchie Bros.