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Scam-proof Your Industrial Equipment AssetTrader explains how to buy safely on the internet: hustle-free purchase of cranes, forklift trucks, excavators, tractors, diesel engines and so on.In this age of credit crunch and general economic mayhem, the market is undergoing a transformative process in terms of demand/supply, prices of raw and manufactured material and geography of the participants involved. For instance, the rising cost of steel is posing a strain on those companies that do not have significant budget for the purchase of new equipment, particularly start-ups and SMEs. According to research done by website Moldmakingtechology.com, prices of steel are going up due to increased Chinese consumption, raw material shortages, insufficient shipping capacity, and general infrastructure inadequacy to sustain a global market. Consequently, brand name manufacturers like Caterpillar, Deere and Manitowoc are putting up prices on new equipment to recoup these extra costs. Does this mean unavoidable financial hardships for small-to-medium businesses and new ventures? Not necessarily. In fact, the time couldn’t be better to upgrade your business equipment by buying used assets online. This procedure can save you a considerable amount of money, as long as you rely on reputable marketplaces that offer you protection from fraudulent sales. Growing concern over online selling frauds is increasingly shifting corporate attention from online auction websites, which were very popular until a few years ago, to B2B portals that use a vetting process to protect their customers against dishonest traders, who sell stolen items or perform scams. Companies like AssetTrader allow you to sell your used assets and buy/upgrade your equipment at the same time, making sure you stay safe without wasting time. AssetTrader has put together a few tips for safe trading online, which will help the first-time buyer as well as the more experienced trader or dealer. This is how you can buy good quality industrial assets - such as cranes, forklift trucks, excavators, tractors, diesel engines - without revealing your private data to dodgy individuals: • Check that the site you are dealing with, particularly when entering card or account details, offers a secure and/or encrypted server. • At the end of each trading session, make sure you log out successfully, especially if you are using a public computer in a workplace, internet café or public library. • Collect as much information as you can on the credit card protection policies offered by your provider and, if they do not come as a standard service, consider requesting them upon payment of an extra fee. • Do not accept e-mail addresses from general domain names i.e. hotmail.com/yahoo.co.uk as a valid form of identity, because such addresses can be obtained without providing any proof of identity (other than being hard to trace). • Never make a payment to someone you don’t know via a wire or telegraphic transfer, especially through companies like Western Union, since the transaction is not traceable. • Learn how to read your e-mails for scams: messages that do not refer specifically to your item are likely to be from scammers, just like those that sound strange, grammatically wrong or too generic. • Maintain a cautious attitude every time you are presented with a deal that seems too good to be true. • Try and request a fixed mobile or landline phone number, avoiding ‘070’ numbers whenever possible, to make sure you are corresponding with a genuine trading partner and not a scammer. • Never be pushed into completing a transaction you feel uncomfortable about, and do not submit to any kind of threatening behaviour. Eric Usher, CEO of AssetTrader, explains: “The Internet is a now ‘must have’ channel for both buyers and sellers of business equipment. Sites like AssetTrader bring together literally millions of buyers and sellers of all type of business equipment every day. Assettrader takes steps to ensure that all sellers in its marketplace are authentic. However, not all trading sites provide this security, so we advise all our traders to use our Buyer’s Guide to avoid falling mercy to any of the sophisticated scams that are out there. ” For further information, please refer to: http://www.assettradernet.com/1/xSafeBuying.asp # # # About AssetTrader With over 5000 registered users, AssetTrader is a leading online trading hub for used and new business equipment. It holds a regularly updated inventory of agricultural, manufacturing and construction machinery available for sale from major dealers and private sellers through to original equipment manufacturers. Headquartered in London, UK, AssetTrader brings together traders from the USA, Europe, Latin America and Asia. For more information on AssetTrader, please visit http://www.assettradernet.com |
Select Latest Press Releases November 2008October 2008 TODAY'S TRADING
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