iRENTequip announced the June 1 launch of an online equipment-rental marketplace designed to enable equipment renters and rental providers in the United States and Canada to be able to connect and do business online at www.iRENTequip.com . The marketplace serves the rental industry for trucking equipment, construction, landscape, agriculture and industrial forklifts.
According to the company, the new service brings the power of an online bidding tool like eBAY to the equipment rental process, with over 15,000 rental providers. There is no calling each store for quotes and availability, no sales calls and no face-to-face negotiating.
The new service is free for rental providers to receive and bid on rental requests. Once a bid is accepted, renters pay a small deposit via credit card to hold the rental, with the balance due payable to the rental provider based on the terms of the bid. “The iRENTequip marketplace allows anyone to request a rental with literally every rental provider in their local market simultaneously, and then receive bids for their business, all for free,” said Beau Frank, CEO of iRENTequip. “It’s revolutionary for the rental industry.”
Rental providers get access to new customers daily at no cost. Providers can use the online tools to manage fleet inventory and bid prices, including costs that are typically quoted in equipment rentals, such as shipping, rental protection, environmental fees and sales tax. During the bidding process, all bids and user ratings are visible to all users, to help create a truly open process. Rental providers may also use the marketplace to find equipment to re-rent to their customers from other providers.
“Renters are looking for a fair rental rate from a proven provider. Typically, they would call two or three rental outlets or dealers to get rates, check availability, negotiate, and then make a decision,” noted Frank. “With iRENTequip, they no longer have to make those calls. They can reach out to five times as many providers instantly, receive multiple bids for their rental online and via cell phone, negotiate online and see how other renters have rated all the rental providers that are bidding.”
The company also hosts www.iSHIPequip.com, an online equipment shipping marketplace. Renters, rental companies, dealers, contractors, landscapers, farmers, warehouses – any equipment owner – can utilize the iSHIPequip marketplace to generate competitive bids to move their equipment from over 130,000 rated providers, both local and long haul.