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Tips for cross-border buyers at Ritchie Bros. auctions - Ritchie Hub
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Tips for cross-border buyers at Ritchie Bros. auctions

With the huge selection of quality equipment selling in Canada and the strong U.S. dollar, it’s a great time for U.S. businesses to head north of the border to buy equipment. Your dollar is worth approx. 25% more in Canada!*

Before you head up north to bid in person or decide to register and bid online, here are a few tips to help you buy and export your equipment purchase:

#1 Find out what you can (and can’t) export

Equipment auctions in Canada

Navigating the ins and outs of EPA (and DOT) regulations can be challenging. Ritchie Bros. has partnered with PCB to make it easy. PCB can handle all Canadian border crossings (air, rail, truck, and boat) and provides 24-hour service.

Got questions about what you can or can’t import, or paperwork you need?

Contact PCB:

  • By phone – toll free: 1.888.538.1566
  • Email: rba@pcb.ca

The guide below gives you a general overview of U.S. importation requirements, but as regulations change regularly, please contact PCB for the latest requirements: pcb.ca/guide/vehicle-standards

Importation standards for equipment less than 25 years old Importation standards for equipment more than 25 years old Importation standards for tires
  
Click to download Click to download Click to download

#2 Discover easy cross-border financing

Most U.S. lenders make you pay for cross-border purchases out of your own pocket; when the equipment is on U.S. soil you get a refund. We make it much easier.

We can pre-approve your financing before the auction, and don’t need to know when and where you plan to buy. And our application process is fast – you can often be approved the same day!

Learn more about our cross-border financing or apply for financing now.

#3 Lock in your preferred exchange rate, pay in your home currency

Paying for your auction purchases in your home currency has never been easier. Lock in a preferred rate and see the total in your home currency in just a few easy steps with Ritchie Bros. Financial Services Currency Exchange, then pay your invoice via wire transfer. Ritchie Bros. has partnered with a leading financial institution to provide this free service to our cross-border and international buyers.

Learn more: rbauction.com/CurrencyExchange

Ritchie Bros. currency exchange flow chart

#4 Get fast, competitive shipping quotes

We’ve partnered with uShip and VeriTread so you get the best rates on cross-border shipping. Get a free estimate before you bid, or get competitive quotes after you buy.

You can even use your financing to pay for cross-border shipping. We also offer low-cost, all-risk cargo insurance to protect your purchases while they’re in transit.

#5 Simplify your logistics needs

Get your equipment to where it needs to be with Ritchie Bros’. full-service door-to-door logistics and shipping solutions. We take care of every step of the journey with our all-inclusive service to get your equipment across borders, continents and oceans quickly and efficiently.

Call: +1 (855) 331-5736 or learn more about logistics.

Ritchie Bros. currency exchange flow chart

#6 Get your equipment border-ready!

Soil-contaminated equipment may not be allowed entry into the U.S. Ritchie Bros. provides professional cleaning and refurbishing services to ensure your purchase has no soil contamination.

You can even finance cleaning with a working capital loan.

Get more for your money up north: See equipment for sale in Canada

Sources:
*Currency conversion from http://www.xe.com

3 thoughts on “Tips for cross-border buyers at Ritchie Bros. auctions

  • Tried to use PCB to confirm a machine could be imported to the US and they needed some information that Ritchie did not post for the machine. if you are going to partner with them then you should understand what they need to do their job and post that info. That precluded us from buying the machine and that is not good for any of us.

    Reply
  • Be Aware !
    If the buyer is the shipper the auction yard might charge you TAX2.
    Good luck getting this money back from the Canadian GOV>!
    I had to pay about 6000 CA on tax 2 and after many conversations the Canadian GOV burned me!
    A Customs officer later told me that i am not the only one !

    Becareful !

    Reply
  • If you plan to buy a larger piece of equipment check for the freight cost before buying ! You might be surprised on how expansive shipping is, especially oversize

    Reply

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