Whilst we refer to it as an auction, it is in fact a service that allows sellers to solicit offers on a time bound basis. We describe it as being “off market and double blind”. Unlike a standard auction, only vetted users can see cars that are listed.

At the end of the auction period, typically 14 days, the seller will be presented with every unique offer received and their locations globally, allowing them to accept the most convenient offer. Once the seller accepts a bid, the contact details of the buyer are provided, and critically only the seller can make contact, ensuring absolute discretion.

Whilst we expect people to perform on a deal, the offer is non-binding and once the introduction has been made, trade buyers will use their standard procedures to finalise the deal. Retail buyers are welcome to make their own arrangements, or to engage our concierge service to arrange everything from contract drafting to global logistics.

· The off market nature of the auction allows sellers to offer a car with huge discretion.

· Selling a car quickly and discreetly, soliciting offers from an elite global audience of dealers and elite car collectors.

· Soliciting offers on a car where up to date market value is not immediately available, especially relevant for rare collectibles.

· Discreetly selling cars that may have been bought to qualify for limited edition cars.

· Testing the market ahead of committing to the much higher fees from a mainstream auction house.

· Hearing offers on cars that may or may not be formally for sale without an obligation to accept an offer.

· Discreetly hear offers for build slots via the concierge service (contact us directly for further details).

· No broker chains to navigate.

· No selling fees.

· Access to highly desirable off market cars.

· Vetted sellers, with a deal in principle agreed upfront, saving time and energy.

· Competitive buyer’s premium for early adopters (2% of vehicle sales price, excluding tax*).

*Massachusetts sales tax at 6.25% will apply to our commission fee invoice.

After enrolling as a user, simply navigate to Lasource.auction and follow our simple four step process.

Please visit the web app at Lasource.auction. If you have been pre-approved, you will be able to log in by using your mobile phone number to request a one-time password to access the app.

If you have not been preapproved, you will need to apply for a user registration.

To apply for approval visit us at www.lasourceauctions.com to express your interest to register as a user of the platform. If your registration is approved, you will receive a confirmation from one of our Client Service Representatives via email.

To support your application a Photo identification (driver’s license or passport) and proof of residential address is required. We also require a document providing proof of funds (recent bank statement, brokerage account statement, or a letter directly from your bank). If you are registering as a company, we require proof of company, which includes copies of incorporation documents, VAT/Tax number.

You may also be asked for a biography and to provide a reference from an existing LaSource Auctions subscriber.

Once your registration has been processed, you will be notified by one of our Client Service Representatives via email. If additional information is required to approve your registration, it will be explained in the email.

It is free to register and offer a car for sale.

There is no seller’s premium.

The buyer’s premium is currently just 2% (exc tax*) of the vehicle purchase price.

*Massachusetts sales tax at 6.25% will apply to our commission fee invoice.

A document providing proof of funds can be a recent bank statement, a brokerage account statement, or a letter directly from your bank providing an available or average balance and showing your name is tied to the account. Before a bid is accepted you may be requested to submit proof of funds.

Yes, unless your application has been pre-approved.

Our terms and conditions describe the conditions of business under which LaSource Auctions and the consignor agree to sell a lot to the buyer. Please review the conditions carefully before bidding. By registering to bid and/or by bidding at auction, you agree to these terms.

Much like buying a car through a broker, your bid is subject to inspection and not legally binding. Buyers are expected to perform on a deal unless the vehicle is not as described by the seller. LaSource Auctions reserve the right to cancel a user registration at our sole discretion.

Once logged in you will be able to submit your bid, as well as be able to see the current high bid.

You may elect to raise your bid at any time while the lot is still open for bidding.

The countdown clock indicates the time remaining on the auction. Bids submitted within the final 5 minutes will cause the auction timer to be extended.

Owing to the nature of the platform, it is not necessary to set a reserve price. Sellers may wish to guide potential buyers as to price expectations and can do so in the advert text.

If you are outbid, you will be notified immediately by email. You will also be notified if an auction that you are bidding on is coming to end within the next 60 minutes. You can also opt into SMS auction notifications.

Once the seller has made contact it is your responsibility to arrange inspection, payment and collection.

If you are selling to a car dealership, they will use their standard processes to complete the purchase.

If you are selling to an individual, we strongly advise engaging an attorney to draft a Sale & Purchase agreement to give you total protection and peace of mind. While we work hard to vet all users, regrettably the car market is a target for scammers and other bad actors.

The LaSource Concierge service is available to assist with contract drafting at additional cost.

Following the successful transaction, you will receive an invoice and payment instructions from our Client Team. Payment is due in full on the first business day following the sale.

All buyers are required to pay taxes and duties unless otherwise exempt. To understand exemptions, please contact a member of our Client Services Team.

Buyers should take careful consideration of the vehicle location ahead of bidding, ensuring they are comfortable with the potentially high costs of global transportation.

Vehicles may not comply with the regulations in your territory and we recommend taking expert advice if you are unsure.