Buying salvage as a Registered Buyer

Salvage services process an average of 50,000 vehicles per year. To offer a more accessible and transparent market for these vehicles, salvage web is being replaced with the IAA online auction platform AuctionNow in April 2025.

IAA Registered Buyer Account

To buy ICBC salvage on the AuctionNow platform, you must be a licensed dealer or licensed non-dealer with a valid IAA Registered Buyer Account.

To complete your registration, you will need: 

• A completed registration form 

• Government-issued ID 

• All licenses on which to base your bidding privileges 

Both licensed dealers ($100/year + $50 annual renewal fee) and licensed non-dealers ($200/year) get their first year free. 

Note: the IAA Guest Account allows you to browse vehicles and watch online auctions at no cost, but you cannot buy ICBC salvage without a Registered Buyer Account as a licensed dealer or non-dealer. 

Learn more about the Registered Buyer Account.

Buying salvage on the IAA AuctionNow platform

You must have a Registered Buyer Account as a licensed dealer or licensed non-dealer to bid on ICBC salvage items.

1. Salvage posted

ICBC salvage is posted on IAA and listed under British Columbia. Salvage items will be viewable for two days (minimum) before being up for auction and a pre-bidding option will be available as soon as an item is added.

Note: There is no in-person viewing at ICBC salvage locations. For items located at our partner salvage yards, please contact the facility directly.

2. Online auction

Currently, auctions are held Mondays, Wednesdays and Fridays. If a statutory holiday falls on one of these days, the auction will be moved (e.g. in the case of a Monday stat holiday, the auction will occur Tuesday). Note: this schedule may change.

To join the auction and start bidding, click on the Auctions drop-down menu, select Upcoming Auctions and click Join AuctionNow under Status.

If you place the winning bid, you’ll receive a confirmation email from IAA. You can also see your winning bids and bill of sale on your account dashboard.

Watch this video to learn more about bidding in an auction.

3. Payment

Payment for items is due within two business days of the auction and must be paid in full before collecting the items from any auction premises. Vehicles must be collected within two business days of the sale date or late fees will apply.

Note: your bid price does not include online fees, buyer’s fees or the cost to load and transport the vehicle.

Purchases must be paid online via credit card, e-transfer or Electronic Funds Transfer (EFT). Payment is not accepted at any ICBC salvage facility or by phone.

Credit card

• Visa, Mastercard and AMEX are accepted.

• Payments with a $25,000 limit per transaction are available to registered Canadian buyers.

• Credit card payments must be paid in full. Partial payments are not accepted.

E-transfers

• Limit of $25,000 per transfer. Note: in the case of a purchase greater than $25,000, payment can be made through multiple e-transfers, if your bank allows it. 

• ICBC does not charge fees for e-transfers, but financial institutions may have their own terms and fees. Please check with your financial institution before sending an e-transfer.

• E-transfers should be sent to [email protected]. Include your buyer, invoice and stock numbers in the notes section. (If these are not included, please forward the payment confirmation email to [email protected] to ensure correct processing.)

• Payment is processed Monday through Friday between 8:30 a.m. and 4 p.m. (PST), excluding stat holidays.

Electronic Funds Transfer (EFT)

• EFTs must be paid in Canadian dollars.

• To send an EFT, use the following details (note: we recommend providing these details to your remitter):

  Beneficiary
  Account Name Insurance Corporation of British Columbia, 151 West Esplanade, North Vancouver, BC, V7M 3H9
  Bank: Royal Bank of Canada, 1055 West Georgia Street, Vancouver, BC, V6E 3S5
  Transit No. 09150
  Account No. 1100106
  Attention to: Banking Operations
  Destination: Royal Bank of Canada, Toronto, Ontario, Canada

• Once completed, please email [email protected] with any remittance advice and/or proof of payment.

Privacy

ICBC will receive certain information about buyers from IAA, including personal information. ICBC is subject to FIPPA which sets out rules around how ICBC can collect, use and disclose personal information. Please see our Privacy Terms and Conditions for more information.