How Auctions Work
What is a Reserve Price?
Reserve price is the lowest price at which an auctioneer will sell the product via the auction process. The auctioneer is not obligated to accept a winning bid that is lower than this price.
What is a Buy Now price?
Buy Now price gives an option to users to purchase the item immediately at a fixed price and bypass the bidding process.
What is Proxy Bidding?
Proxy bidding refers basically to the automatic type of bidding. In an auction, when you place a bid and another user outbids you, you need to again come back and bid higher in order to remain the highest bidder. To avoid coming back, you can use automatic bidding which bids on behalf of you when someone outbids you. You can initially enter the maximum amount with which you are comfortable with then our plugin will bid on behalf of you till that maximum amount is reached.
Auction Dates
**All auctions are currently carried out online**
Simply sign-up for an new user account via the My Account tab above to start placing bids on our hundreds of items in store!
Our auctions typically end every FRIDAY at 11AM PST unless otherwise stated on the listing.
Auction winners are required to pay and pick up their item by the following TUESDAY by 4PM PST.
Shipping
Shipping is also available! Note that shipping and handling fees apply. Please email us directly to make arrangements!
Transport options are also available for winners of vehicles, travel trailers, and boats on an ad-hoc basis.
Need More Time To Pick Up Your Item?
Payment in full is required to hold items past the pick-up time. We are flexible with this, so please contact us beforehand directly via email (sales@repodeals.ca) should you require extra time to pick up your item
The Fine Print
Please note that the purchase of this item is subject to a 5% GST and Buyers Fee.
All auctions are currently carried out online
- Simply sign-up for an new user account via the “My Account” tab above to start placing bids on our hundreds of items in store!
- A valid credit card needs to be entered into your Account before entering bids or completing buy-now purchases. (insert instructions here). Please see our Credit Card Policy and Privacy Policy for more details.
- Auctions complete every FRIDAY at 11AM PSTunless otherwise stated on the listing.
- Auction winners are required to pay and pick up their purchases the following TUESDAY by 4PM PST.Items not picked up before this time, or whereby arrangements have not been made for an extension on pickup time, may be subject to a 15% restocking fee based on the value(s) of the item
- Auctions through our Vehicle Auctions section (passenger vehicles, travel trailers, campers, RV’s, boats, motorcycles, ATV’s, or commercial equipment / machinery > $1000.00 CAD) will be subject to a Buyers Fee based upon the price of the winning bid. Please see our Buyers Fee table here (insert URL) for details
- Auction and sales through our Repodeals Store is subject to a 15% Buyers Fee based upon the “Buy Now price”, or the price of the winning bid upon auction completion.
- All purchases are subject to GST and PST. Fees are subject to GST only.
- Need more time to pick up your item?** Payment in full is required to hold items past the pick-up time. We are flexible with this, so please contact us beforehand directly via email (sales@repodeals.ca) should you require extra time to pick up your item
PAYMENTS:
Bidders are required to provide a valid credit card before entering bids and/or completing purchases on Repodeals.ca. This card will be charged for all items won upon completion of an auction, and/ or for “buy-now” items upon Checkout. This is done in order to secure your order before pickup, and ensure fairness among all those who participate in our online auctions.
Winning bidders of auctions for motor vehicles, travel trailers, campers, RV’s, boats, motorcycles or commercial equipment / machinery > $1000.00 CAD will be subject to a $500.00 non-refundable deposit. This deposit is charged onto the Credit Card on file upon completion of the auction. This amount of $500.00 will be credited towards the final purchase price. Payment in full will be required before the end of the third (3rd) business day (4:00PM PST) after the auction completes.
SHIPPING
Shipping is also available! Note that shipping and handling fees apply. Please email us directly (sales@repodeals.ca) to make arrangements!
Transport options are also available for winners of vehicles, travel trailers boats and other large items on an ad-hoc basis.
Credit Card Policy
Please note that your credit card information will be saved on file for further transactions Repodeals.ca. Your credit card information is retained for the purpose of processing charges related to an auction you have won, or a Buy Now item you have ordered, subject to the terms outlined in the terms of our FAQ Section (insert URL).
By providing your credit card information, you are hereby agreeing to the terms and conditions set forth in our Credit Card Policy and FAQ Section: Payments.
Your credit card information is not shared with any third parties or affiliates outside of Repodeals.ca (Integrated Recovery Solutions Corp.).
If you wish to have your credit card removed from the system, please contact us directly in writing via sales@repodeals.ca.
Note that by removing your credit card from your account, you will need to re-enter your credit card information in order to place bids or complete purchases in the future.
