FAQs
Whats a No Buyers Premium?
A Buyers Premium is an extra charge that some Auctioneers use. It is a percentage, (typically 10%) that is added to your final bid price that goes directly into the Auctioneers pocket, and that's plus taxes 14%! Here at M.R Jutzi Auctions we do not charge a buyers premium. What you bid is what you pay.
Ive never been to an Auction, so how does it work?
Here at M.R Jutzi Auctions we are a public Auction and sell primarily to the end user of the products and vehicles. Because of that we Auction clearly, consistently, and slow enough that it is easy for everyone to understand exactly what the bid price is. See also How to Buy at Auction
Can only dealers buy at your Auctions?
NO! Each and every one of M.R Jutzi Auctions is Open to the Public. From vehicles to Heavy Machinery Anyone can Bid, Buy And Save!!
How can I find out about upcoming Auctions?
We run a number of different types of sales year round from Police, vehicle and bike Auctions, Municipal Heavy machinery and equipment, to our monthly public vehicle Auction on the second Saturday of every month (excluding holidays).
We have our upcoming Auctions listed and our catalogue updated most frequently on our web site under, Upcoming Sales. You can also join our e-mail list to find out directly when we have an upcoming sale at E-mail List. Be the first to know.
Where do you get all the cars from?
Here at M.R Jutzi we have been doing public vehicle Auctions for over 20 years. We sell vehicles on behalf of various Municipalities, Banks, Leasing companies and Police departments from across south western Ontario. We typically have over 80 vehicles every month to choose from so there is something for everyone. We also have a selection of vehicles that have been donated to the Kidney foundation.
How To Buy At Auction
Registration
Once arriving at the Auction on viewing or sale day, the first thing to do is register and get a buyers number. There is no charge to do so (just a valid drivers license), but it is required to participate in the Auction. Once becoming the successful bidder on an item, the purchase price and your Buyers Number is recorded and all purchases are itemized on your invoice at check out.
The Catalogue
When you register and get your Buyers Number, you will receive a catalogue or run list. The catalogue is the order in which items are expected to be sold as well as a brief description of the items and lot number. In the case of vehicles, Year, Make, Model, Kilometers, and any declarations are shown such as Safety Certification or Emissions Pass etc. Please keep in mind that the Catalogue is meant only as a guide and although we strive to make it as accurate as possible, you must satisfy yourself as to the completeness of the information. This is also available on our web site a day or two before the Auction.
Auction Viewing
Before the Auction, it is a good idea to preview all the items up for bids. For Saturday Auctions we are open from 1 pm until 5 pm the day before the Auction as well as at 8:30 am on sale day for viewing. Viewing times for mid-week sales may vary. Check the flyer for further information. Be sure to inspect all items to your own satisfaction as all sales are as is, where is and all sales are final. In order to find out how much an item is worth, you should take the time to do a little research on similar or identical items.
For vehicle Auctions we offer complementary Auto Traders and The Auto Trader web site is ideal to see what similar vehicles are being sold for as well as local news papers and the internet. Be sure to look at vehicles with comparable Year, Kilometers, features and editions (i.e. LS, LX, SLT, GT etc.)
Auction Sale Day
So youve viewed your catalogue, looked at the articles to be sold, made your notes and got your Buyers number. Youve done your homework and the big day has finally arrived. Be sure to be there on time as there may be some additional information that the Auctioneer will announce. (i.e. Terms, Door prizes etc, for the day).
Here at M.R. Jutzi Auctions, we are a public Auction company so our Auctioneers are specifically trained to Auction clearly enough so that everyone in attendance knows where the bidding is at. If you have any questions about that, dont hesitate to ask one of the bid catchers or Ring men (they are the ones in blue jackets and ties) and theyd be happy to help. Once you are ready to bid, simply raise your Buyers number towards the Ring man or the Auctioneer and they will be sure to catch your bid. Once you become the successful bidder, Congratulations!! You have won that item. Simply hold up your Buyers Number so the clerk can record it. It is also a good idea to write your purchase on the back of your bid card. In the case of vehicles, the Ring Man will escort you to the clerk where they will verify your Buyers Number and take your Non-refundable deposit.
Auction Terms
Although we try not to complicate the Public sale with too much Auction jargon, it is important to know a few basic terms to help you get the full experience out of the day.
Ring Man: A ring man is an extension of the Auctioneer. It is his/her job to find bids in the crowd and relay them to the Auctioneer. The Ring men are also Auctioneers and can answer any questions you may have.
Clerk: The clerk is the person who records all the sale prices and Buyers Numbers during the Auction and relays them to the front office where final invoices are created. In the case of Vehicle Auctions, the clerk will also take your non-refundable deposit and give you your deposit receipt.
Buyers Premium: A Buyers Premium is a percentage added on top of the bid price (usually 10%) that goes directly into the Auctioneers pocket. At M.R. Jutzi Auctions we do NOT charge a Buyers Premium.What you bid is what you pay Period! Only at M.R. Jutzi Auctions! On vehicles or any unit requiring a government transfer, there is a nominal set-transfer fee (not related to the value of the item)
Removing Your Items
Once the Auction is over and you would like to collect and remove your merchandise. Simply go to the cashiers office and give them your Buyers Number. They will then go over your purchases with you and give you an itemized receipt. Make sure when youre collecting your items that the number on your receipt matches the number on items tag. We will check off your items to ensure you havent missed anything and you have all the correct numbers.
Vehicle Removal
Towing or a dealer plate is the only legal way to remove the vehicle until it is in your name and plated. In the province of Ontario the vehicle will be registered unfit until you present the ministry of transportation with a valid safety certificate, emissions pass and proof of insurance. At that point the MTO will issue you a license plate (if you are not transferring plates) and a sticker. Attach the plates to your vehicle and happy driving!!!
Remember since we are a registered dealer we remit the tax to the Government on the price you pay Here! The ministry cannot then charge you tax on the Red Book price, yet another reason to buy your next previously owned vehicle here at M.R. Jutzi Auctions.
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