Last January, F-Cubed agreed to have TechSmart sell its used computers. When an equipment lease terminates, F-Cubed's customer sends the computers directly to a TechSmart warehouse on Long Island. TechSmart catalogs the equipment and determines whether the equipment is salable, needs repair, or should be scrapped. F-Cubed is notified so that it can track the status of its equipment. If the Internet is taking the hassle out of capital asset recovery, choosing a site can still be a pain.
Auction sites use several dynamic pricing schemes, including reverse bidding.
Some vertical sites, such as Cymerc Exchange, traffic in one type of used capital equipment. Horizontal sites usually offer an array of products. TradeOut, for one, auctions everything from steam turbines to sandals. When choosing a used-equipment site, Carl Lenz, research director at Gartner Group, advises sellers to be certain they can differentiate themselves as suppliers at an auction site. If not, disposing of the equipment offline may make more sense.