Buying as Easy as 1… 2… 3…

Terms & Conditions

All vehicle(s) sold “AS IS”.
There are no warranties or representations by the Great Northern Auction Company Ltd. with respect to and for vehicles. Sales is between buyer and seller. Great Northern Auction Co. Ltd is solely an equal agent for the buyer and seller.
A Buyer/Administration fee will be added to the sales price. H.S.T. applicable on all vehicle and fees regardless.
$500 down payment must be paid THE DAY OF THE AUCTION by cash, Interac, VISA /MasterCard or certified Cheque for each vehicle, the balance to be paid by cash, Interac or certified Cheque by the day after the sale.
Online registrants must provide a valid credit card to activate their online bidding account. If the Buyer is successful in purchasing a vehicle via their online bidding account, the $500 deposit will be charged to the credit card provided at the time of account activation.

In the event of non-payment of balance owed on any vehicle by the end of the day after the sale, any deposit made shall be forfeited to the Great Northern Auction Company Ltd.
Purchaser(s) agrees to provide the Great Northern Auction Company Ltd. with proof of insurance for the purchased vehicle, before vehicle can be registered in purchasers name.
The Great Northern Auction Company Ltd. will transfer the purchased vehicle into the purchaser(s) name and address as provided.
There is no guarantee as to the year of any ATV, Motorbike, Trailer, Tractor, Motor home, or other such vehicles.
The Administration fee of $89 is charged to cover our incidental costs of transfers, permits, temporary permits, lien checks, etc, etc, etc.
All vehicles $1000 and under must be re-inspected at Purchasers cost in order to be transferred with valid plates. The GNAC is not responsible for or warrants any vehicle inspection certificate or sticker.
The Final Bidder shall be the purchaser when the auctioneer declares sold, and must pay for the vehicle. Also the auctioneer reserves the right to not accept any bid as per his discretion.
All vehicles are sold “AS IS”. This is a wholesale Auction, sales are final, absolutely no refunds, no returns whatsoever.

Fees

Sale Price			Fee
$ 0	-	$ 3,499.99	$ 349.00
$ 3,500.00	-	$9,999.99	$ 449.00
$ 10,000.00	-	$ UP	$549.00

*$89 admin fee plus 15% HST added to all sales.
*All vehicles $1000 or less – plates are surrendered, one day transit permit issued.

STEP 1

REGISTER FOR A BID NUMBER

In order to bid at our auction, you must register for a bid number before you can bid on a vehicle. The registration process is simple, all you need is a valid drivers license and a pay a $5 registration fee. You then have to sign a form stating that you understand the terms and conditions of the auction.

STEP 2

VIEW THE VEHICLES

The purchasing of a vehicle is done by live bidding in our indoor auction ring. Each vehicle is displayed on the TV screens and is bid on by live auction and bidders. We suggest that you look carefully over each vehicle that you’re interested in purchasing (bring your mechanic along if you wish). Remember these are used cars.

STEP 3

PURCHASING A VEHICLE

After you have looked over the vehicle carefully, and are satisfied to its condition, set a price in you mind that you are willing to purchase that vehicle for. This is a smart thing to do, because it’s very easy to get caught up in the excitement of the auction, and bid more than you initially thought. You should also take into mind that there is a buyer/administration fee, on top of the sale price of the vehicle. It is also important to remember that this is a wholesale auction, all vehicles are sold as is, where is. When the auctioneer declares sold, and you are the last bidder, you are now the proud owner of that vehicle, and must pay for it in full. There are no exceptions to this.

STEP 4

PAYING FOR YOUR VEHICLE

On sale night you are required to pay a down payment of $500.00. The balance owing on the vehicle must be paid on the day following the sale. Since our sales are on Wednesday Evening, this would be Thursday. HST is to be added to the sale price.

Tips for First Time Buyers

Tip One

Visit first as a spectator. If you visit a car auction as a spectator – which is a ‘must’ before you even think about buying a car at one – you’ll be amazed. Possibly even terrified. Half the time you can’t tell who’s bidding, particularly if the buyers are dealers rather than members of the general public. And then the bidding goes so quickly, and the auctioneer speaks in such a rapid pace, that it’s hard to tell what level the bidding has reached, or even what’s going on, especially if there are two auction rings going at once.

It’s organized chaos! Don’t worry, after a few minutes of watching the action, and listening to the auctioneer you’ll catch on faster than you think, and especially don’t worry about the myth that scratching your nose at the wrong moment can mean you accidentally buy a car. Experienced auctioneers are a strange breed with superhuman powers, who uncannily know who is bidding for what. Also, coming as a spectator will allow you the chance to check out the market, and price cars that you’re interested in. It’s a win-win scenario for you.

Tip Two

Do your homework. You can pick up a real bargain at auction but you can also be bitten – hard. It’s potentially the cheapest way to get the car you want but it’s also very easy to buy a car that needs more work then it is worth. All the usual warnings about buying a used car apply when buying at auction; only more so. As all the cars are sold “As-Is” there is really very little you can do if you buy a dud.So the number one piece of advice is to take someone with you who knows about cars. Bring your mechanic along, if you can. It’s worth it in the long run!

Tip Three

Know the Terms and Conditions. Every auction has its own terms and conditions: read them very carefully before bidding. First, clarify what the buyer’s fees are going to be – the commission you pay to the auction over and above the hammer price of the car. Also, you’ll need to register as a buyer before you can bid, which means bringing your driving licence.

Tip Four

Sometimes ‘IF’ bids happen. What’s an “if “bid? When you put in a bid and are the high bidder, but your bid is not higher than the reserve (the lowest price the seller is willing to accept.) The Auctioneer will say “This is an If Bid. We have to make a phone call.”, then the auction will call the owner of the car and present your bid. The owner can take your bid, or make a counter offer, or decline it. You can then accept the counter-offer, or up your bid to the reserve, or just walk away.

Tip Five

Set your limit, and stick to it. The most often-repeated and most ignored advice: set yourself a price limit and don’t go beyond it!

Tip six

Don’t bid on a car you never looked at beforehand. Make a list of all the cars you’re interested in, and stick to it!