Mexico National Auction: Terms and Conditions
We do everything possible to make our auctions fair and transparent. Please read the following information before you bid and buy.
Registration and deposits
Registration to bid is free. You may be required to place a refundable bid deposit. Please be aware that you must present photo identification when you register at the auction site (e.g. identity card, passport or driver's license).
Every auction is unreserved
Every item is sold to the highest bidder on auction day, with no minimum bids or reserve prices. Owners are forbidden by contract from bidding on items they are selling. Bids are irrevocable, and all sales are final. If you're the highest bidder when the auctioneer announces that an item has been sold, you're the new owner of that item.
Everything sells "as is, where is"
We recommend that you visit the auction site to inspect any items you'd like to buy before bidding on auction day. You may also send someone to the site to conduct the inspection on your behalf.
Buyer Fees
Review our buyer fees before bidding.
Payment and removal
Purchases must be paid in full within seven (7) days of the end of the auction. Buyers cannot remove their purchases from the auction site until their invoice is paid in full. Cash payments will not be accepted. Please only pay from the same Ritchie Bros. account under which you made the purchase.
If Ritchie Bros. can't convey clear title on a purchase, the buyer is entitled to a full refund of the purchase price. If Ritchie Bros. does not receive full payment within seven (7) days of the end of the auction, interest on overdue amounts will be paid by the buyer at a rate of 18% per annum or at such other maximum rate as allowed by law, together with any legal or collection costs incurred by Ritchie Bros. Auctioneers.
Read the Terms of Bidding and Sale
Every auction is subject to our Terms of Bidding and Sale. Please review them carefully prior to bidding.
Additional Notes
Notice to Foreign Buyers
All purchases that will be exported shall be assessed a surcharge for customs expenses that will cover the cost of processing export documentation for Mexican customs clearance (i.e. customs broker's fees and customs duties). The surcharge amount directly depends on the value of the equipment.
Foreign buyers are responsible for arranging and paying for transportation from the auction site to the final destination, including trans-border transportation and customs requirements for importing into a foreign country.
15% I.V.A. tax will apply to all lots, except agricultural equipment. This tax will be refunded to foreign buyers when Ritchie Bros. receives proof of export (an original exportation document).
Notice Regarding U.S. Importation
Most United States manufactured equipment returns to the U.S. duty free. The importation of certain diesel engines (or equipment with diesel) is prohibited unless the diesel engine is covered by a U.S. EPA certificate of conformity. Some equipment may require modifications to meet U.S. import and safety regulations. To avoid potential problems, please contact your customs broker. A customs broker and international truckers will be available on-site at the auction to assist you.
Notice to Buyers in Mexico
Ritchie Bros. Auctioneers Mexico complies with all existing legislation and standards so that our customers can confidently do business with us.
Due to local regulations which were put in place in September 2013 in relation to the "Marketing or routine distribution of vehicles, new or used, whether air, sea or land" – where the value of the transactions are greater than the $207.879 MXN, or that in a period of 6 months exceeds the accumulated amount of $415.759 MXN, we have to identify the customer and provide the authorities with information corresponding to that transaction.
For the purposes of identification of the customer or buyer of the vehicle, Ritchie Bros. Auctioneers Mexico must:
The "owner beneficiary" refers to the person or group of people who by means of another person or act, get the economic benefits derived from the vehicle(s) and who ultimately exercised the rights of enjoyment or use of a product or service.
Verify the identity of the client or buyer based on credentials or official documentation, as well as obtaining a copy of the documentation that can be compared to the originals.
Request information about the existence of the "owner beneficiary". In that case, exhibit official documentation that identifies final owner (beneficiary); otherwise, declare that no documentation is available.The "owner beneficiary" refers to the person or group of people who by means of another person or act, get the economic benefits derived from the vehicle(s) and who ultimately exercised the rights of enjoyment or use of a product or service.
In the cases in which it is established there is a business relationship, request information about their activity or occupation.
Confidentiality
All information provided to Ritchie Bros. Auctioneers Mexico must comply with each and every one of the obligations of confidentiality applicable in accordance with the current legislation of the United Mexican States and under the terms of contracts, agreements and conventions in this area that have been held with the client, including all its subsidiaries, affiliates and related parties.
Notice of Privacy
With regards to the processing of personal data under the terms of the Federal Law on the Protection of Personal Data in the possession of Individuals, Ritchie Bros. Mexico Auctioneers S of RL of CV, Carretera Polotitlán La Estación No. 6 Col. Centro, C.P. 54200, México will use your personal data collected for the purpose of updating and, in this case, to confirm your information.