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Financials
Vehicle Auction Buy Fees and Charges
Thank you for participating in our vehicle auction! We want to ensure you are fully informed about the fees associated with your purchases. Below is a detailed breakdown of the fees you can expect:
HST (Harmonized Sales Tax)
All purchases are subject to HST, which is 13% of the final bid amount. This tax is applied to ensure compliance with tax regulations.
Buy Fee
In addition to HST, a Buy Fee is applied to each purchase. This fee is a percentage of the final bid amount and is used to cover auction administration costs. The exact percentage is detailed in the table below:
Documentation Fees
A documentation fee is required for the basic transfer of ownership. This fee starts at $59 and may vary based on the specifics of the transfer process.
Additional Services
If needed, we offer services to help with temporary permits and license plates. These services are available upon request and are subject to additional fees.
By participating in our auction, you agree to these fees and charges. If you have any questions or need further assistance, please don’t hesitate to contact us. Happy bidding!
Vehicle Registration and Sell Fees for Auction
Welcome to our auction platform! We’re excited to help you sell your vehicle efficiently and effectively. To get started, here’s a breakdown of our registration fees and what’s included:
Registration Fee: $149
When you register your vehicle for sale with us, the $149 fee covers several essential services designed to maximize your auction experience
Vehicle Online Profile: We capture all necessary details and create a professional online profile for your vehicle, ensuring it stands out in our auctions.
Carfax History Report: We provide a comprehensive Carfax history report to give potential buyers confidence in the vehicle’s history and condition.
Auction Runs: Your vehicle will be eligible for up to 8 timed auction runs, increasing its visibility and chances of a successful sale.
Storage at Auction Compound: Enjoy peace of mind with 30 days of secure storage at our auction compound, keeping your vehicle safe until it sells.
Sellers Fees
Our goal is to make the selling process as smooth and successful as possible, and these services are designed to provide you with maximum exposure and support. If you have any questions about the registration process or fees, feel free to reach out to our support team. Happy selling!
At Five Lakes Auctions, our mission is to provide a straightforward and reliable auction experience. We focus on connecting buyers and sellers through a transparent, efficient process, ensuring trust and quality in every transaction.