Seller Fees

SELLER FEES

1. Seller Rates

1.1. Each lot has a non-refundable registration and listing fee of $750.00.

1.2. This fee will be $500 if more than one lot is entered.

1.3. This registration fee is valid for 2 auctions with a RESERVE price.

1.4. Auctions with a reserve price are held every Wednesday in the middle of each month.

1.5. No sales commission is charged on the final amount.

2. Applicable Fees when the Lot is Sold

2.1. Each lot with a registration has an administrative research and documentation fee of $250.00.

2.2. Each vehicle, equipment and/or tool has a fee of $60.00 for the Carfax report

2.3. Washing fee of $100.00

2.4. Refurbishment – Repair estimate, minimum of $75.00

2.5. Fuel / batteries / jump start “booster” fees. Cost + 10%

2.6. Fee for withdrawal of vehicle, equipment and/or tool – Registration fees plus 25% of the higher amount of the estimated market value of the vehicle, equipment and/or tool established by Encan Atlas.

2.7. $50.00 fee for pallet handling.

3. Options for Sellers

3.1. The equipment lot(s) can also be sold WITHOUT RESERVE
for a guaranteed sale.

3.2. WITH RESERVE, at Encan Atlas you have control over the equipment lot(s) you wish to sell. When you register the equipment lot(s), we will ask for your target RESERVE price. This amount will be assigned to your lot and the system will only sell when your price or higher is reached. Note that the reserve price does not limit the bidding in any way, it is entirely possible that your lot may go for more than the reserve price.

3.3. You can lower the reserve at any time before the end of the sale, contact one of our representatives. No one except your
representative can see the reserve.

3.4. Encan Atlas can guarantee you a minimum price on one or more vehicles, equipment, fleet, and/or tools. This option is at the discretion of Encan Atlas.

If the final bid does not reach your reserve price; for sellers registered as buyers on our website, your lot will display “RESERVE price not met”

You can choose to accept or refuse the last bid within 48 hours following the closure of the auction.

Of course, this remains at the discretion of the bidder. A representative will contact you within 24 hours for your approval.

Lots sold; If the RESERVE option had been retained, these fees will be refunded at the same time as the payment, which will be mailed or transferred a
maximum of 21 days after the sale.

Unsold lots; You will have the choice to continue the process at the next auction or withdraw the lot from the auction. If you continue to the next auction, there
are no registration fees and the RESERVE price must be revised downward.

This offer is only valid for 2 auctions.

After these 2 auctions, the auctioneer may require the removal of the lot from his site or continue to display the lot in return for a renewal of the listing fee while revising the RESERVE price of said lot.

In the event of renewal, the seller must pick up his lot within 5 working days of the auction and will be subject to a daily storage fee of $75.00.

Sellers cannot bid on their own lots or have another Bidder bid for them.

If this is the case, you will be banned for life and legal proceedings will be taken against you.

Pre-sale period: For the period before the auction, all equipment lot(s) can be offered for sale (immediate purchase). We display your price, if sold, the same conditions apply as in the auction sale.

4. Useful Information for the Seller

4.1. Your lots must be in good condition.

4.2. If you have any questions or uncertainties, do not hesitate to contact a representative at 1-877-217-6615

4.3. You must have completed the omnichannel agreement and signed it at least 10 business days before the scheduled date of the auction.

4.4. Atlas Auction reserves the right to refuse your equipment lot(s) if they are not in good condition, e.g., mechanical, bodywork, etc.

4.5. Please be advised that the general condition of the vehicle and/or equipment will be described on our website.

4.6. For your lots that must be on pallets and secured. The cargo will be refused if we are unable to unload it by
forklift.

5. GST/HST Information for Sellers

GST/HST Info

This information document explains how the Goods and Services Tax/Harmonized Sales Tax (GST/HST) applies to products sold by auctioneers in the course of their commercial activities as well as the services they provide. The information included herein is only for auctioneers who are registered, or required to be registered, for GST/HST purposes.

Products Sold by Auctioneers

An auctioneer who sells products at auction on behalf of a business that owns these products is considered to have sold the products to the buyer. The products that the auctioneer sells are subject to tax or zero-rated, even if the business would not have been required to charge tax if it had sold them directly to the buyer.

The auctioneer – not the owner – is required to charge tax on the sale and account for it.

Of course, if the sale of the products is zero-rated, such as for export, the auctioneer does not account for any tax.

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