New Zealand: Bid Deposit and Payment Information
Registration
Registration to bid is free of charge, whether you are bidding in person, online or by proxy. You may be required to pay a refundable bid deposit.
Bid Deposits
Domestic bidders: In most cases, you don't have to place a deposit if you are bidding in person.
Foreign bidders: Unless you have made prior arrangements with Ritchie Bros., you must place a refundable deposit equaling 25% of the total expected purchases or NZD$10,000, whichever is higher.
Online bidders: Depending on your bidding history, you may be required to place a refundable bid deposit when you register to bid.
Bid Deposit Methods
| Wire transfer | Credit card (Visa, MasterCard)* | Certified/ cashier's/ bank check |
Domestic bidder | ✔ |
| ✔ |
International bidder | ✔ |
| ✔ |
Online bidder | ✔ | ✔ |
|
* Place a bid deposit by credit card or view wire transfer bid deposit information.
Payment Terms
All payments must be made in New Zealand dollars.
Each purchased Lot will be subject to a transaction fee of: 7.5% of the Lot selling price, with a minimum fee of 100 (local currency) per Lot.
Lots must be paid in full within seven (7) days of the end of the auction.
NOTE: Purchases cannot be removed from the auction site or collected until paid for in full. If paid for with non-certified funds, items will not be released until non-certified funds clear our bank. This policy will be strictly enforced.
Payment Terms
| Wire transfer | Credit card (Visa, MasterCard)* | Certified/ cashier's/ bank check |
Domestic bidder | ✔ |
| ✔ |
International bidder | ✔ |
| ✔ |
Online bidder | ✔ |
|
|