Mexico National Auction: Terms and Conditions
Before You Bid
Everything sold at Ritchie Bros. Auctioneers is sold via unreserved public auction – i.e. there are no minimum bids or reserve prices, and our auctions are open to anyone. Buyers place bids on items, and every item is sold to the highest bidder, regardless of the final price. When you’re ready to bid and buy, you can register and bid online in any live auction or bid via a variety of other convenient online options.
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). Register for your free account here!
How do auctions work?
We conduct live auctions at physical auction sites, with Real-Time Online Bidding. We also sell via our online Timed Auctions – an automated system with no auctioneer. You can bid in person, online, via our mobile app or via PriorityBid.
The auctioneer (or Timed Auction system) will introduce each lot and ask for bids. If no one places a bid, the ask price is lowered. When a bid is placed, the auctioneer raises the ask price. Bidding continues until no more bids are placed, and the item is sold to the highest bidder. Learn more about how our auctions work.
Can I go see the equipment in person?
Yes, equipment is available for in-person inspections at our permanent auction sites and local storage yards. Viewing is available two weeks prior to the start of each auction. Please contact the site to make arrangements outside of this time and to confirm hours of operation. Viewing is only available on equipment that has been delivered to the site (check each individual item’s listing on our website, and under the “Detailed equipment information” tab, look for “In Yard – Yes/No”)
Equipment sold from a consignor’s property can also be viewed in person by arranging a time and date with the seller.
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.
There are multiple ways to pay. See the payment options.
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.