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Selling

Thinking About Selling

Whether you are Restructuring, Settling an Estate, Retiring, Excess Inventory, or just need cash. Consigning at an LVG Auction offers you the best way to dispose of your excess equipment for maximum dollar.

Our facility located in Brampton, Ontario - 12 minutes north of Pearson International Airport offers convenience, storage with 24 hour security.

LVG Auctions can also offer a number of services to ensure your equipment obtains top dollar:

  • Transportation
  • Cleaning
  • Painting
  • Repairs
  • Re-Upholstery
  • Other Services

Simply complete this Consignment Form, listing intended equipment you wish to sell and return ASAP. An LVG representative will be in contact to discuss what your equipment is worth, your options and our rates of commission. Upon approval you will be assigned a consignor number and can begin shipping your equipment.

Advertising

Once you have decided to consign, LVG will handle maximum exposure of consigned items through an effective advertising campaign.

  • Professionally designed flyers and email newsletters mailed out to our entire mailing list of over 30,000 potential buyers
  • We ensure maximum internet exposure by posting auction dates, photos and details about your equipment on our website www.lvgauctions.com, other industry related websites, and buy/sell marketplace sites
  • Additional online exposure is created through various online marketing strategies (email blasts, banner ads, S.E.O., blogs and social networking ads)
  • Print advertising is published in many industry related trade publications and magazines; they are published on a daily, weekly and monthly basis.
  • All LVG sales are advertised in local, provincial newspapers.
  • Your item(s) are listed in our detailed listing catalogue; this catalogue is found online and is given out to each buyer on the day of the auction. This catalogue includes specifications and thorough description of all the equipment in each auction.

Internet exposure on www.lvgauctions.com, and other industry related websites.

  • Live Internet Bidding via proxibid.com
  • Print Advertising in Industry Related Trade Magazines (Daily, Weekly, Monthly)
  • Newspaper Ads
  • Other Media Forums

What's Your Equipment Worth

Before you commit to consigning your equipment, you might want an indication of what your piece may be worth. Our experienced, CPPA accredited appraisers use the most up-to-date and past auctions results, along current fair market value to convey an estimate what kind of money your assets could bring.

If you would like an LVG representative to provide you with this information, fill out the Consignor Form and complete all the particulars of the piece.

Upon receiving this information, decision making could be easier.

Remember: LVG is an unreserved public auction and although every attempt is made to obtain the maximum dollar, sale prices vary.

Standard Terms

  • A 13% Buyers Premium is charged and retained by LVG less 3% if paid by cash or certified cheque
  • Any vehicles or trailers are subject to a PPSA Search prior to & after the sale at a cost of $60.00 per unit
  • All other items that do not have ownership will be subjected to a PPSA Search by individual or company name at a cost of $30.00
  • A $5.00 OMVIC Transfer fee is applied if your vehicle is sold to an individual or company that is not an OMVIC Dealer
  • Any lots that sell over $1,000.00 are subject to a 2% Commission
  • Any lots that sell under $1,000.00 are subject to a 25% Commission
  • The HST is collected & submitted to the Government, on your behalf, by LVG Auctions

Ready to Consign

When your mind is made up and you have decided to consign equipment, print out our Contract, read carefully, sign and return to LVG via fax to 905-584-1218 or Email info@lvgauctions.com.

An LVG will review, contact you and provide you with a consignor number for the auction sale.

Consignors Responsibilities

  • Provide LVG with information you would like included in the catalogue listing. Year, Model #, Serial #, Hours, Odometer Reading and any special features give potential buyers a better perspective.
  • Simply fill out the Consignor Form and list all equipment. Then fill out our Contract, sign and return to LVG via fax to 905-584-1218 or Email info@lvgauctions.com
  • Label your equipment with the consignor # and list prior to delivery.
  • Provide your transport company with all your contact information and consignor #.
  • Any ownerships or titles should be signed off and delivered with your goods.
  • Maintain insurance on your property until 10 days after sale date.
  • Once goods have been consigned no pieces can be removed from LVG premises unless asked to do so.
  • No consignors will bid up or on any of their equipment
  • Should consignors bid against their own equipment a 20% buy back penalty will apply and no further consignments will be accepted.

Settlement and Payout

Once payment has been received on your consigned goods, you will receive a detailed breakdown of the selling price and all commission and administrative charges. The cheques are mailed out within 16 business days after the sale.

In the event that we are unable to collect on your goods, an LVG rep will contact and you are given the opportunity to either remove your equipment or re-consigned them to the next auction. No storage charges will apply in this event.