Cars sold at auction have charges added to the purchase price. It pays to know what they are before attending any auction.
Indemnity fees are also known as “buyers’ premium” and are charged on all cars sold at auctions. Cited as either absolute amounts or percentage of the winning bid, indemnity fees are for the protection or insurance against any loss the auctioneer may suffer in cases where the My Favorite Top 10 Comedy Movies Chevrolet Silverado K1500 LT Menomonie WI 54751 car is on the stolen list, has an outstanding loan balance, declared as an insurance “total loss”, etc.
Fees usually vary depending on the auction house although the other typical fees chargeable to buyers may include registration fee to join the auction and receive the bidder’s credentials, buyer’s fee, administrative fee, fleet/lease fee if applicable, TeleCheck charges for check payments, and sales tax.
The bigger auction companies built their own Chevrolet Silverado K1500 LT Menomonie WI 54751 auction centers to accommodate the many vehicles bought and sold through them. As there is usually a sizeable staff complement to provide the different services to both buyers and sellers, total overhead costs can be substantial.
And just like any other business, the auctioneer’s overhead costs are passed on to both buyers and sellers in terms of fees. Any difference between their gross receipts and actual expenditures will be Government Car Auction – The Secret to Buying a Used Car Cheap Chevrolet Silverado K1500 LT Menomonie WI 54751 their profits.
The add-on fees may seem a little high but they should not discourage car buyers from checking out auction places. Auctions remain to be a great source for used vehicles at significantly low prices. There are many choices available and even if you do not leave with your first choice, you can always get the next best thing.
As a prospective car buyer, you also have the Chevrolet Silverado K1500 LT Menomonie WI 54751 option of attending independent auctions by the smaller companies. Auction fees may be a little less but your choices can be limited.
If you are interested in these smaller auctions, you can find them listed in your local yellow pages. It would be a good idea to phone the auction center before the date of the auction. Ask for their charges and be clear as to the details or Chevrolet Silverado K1500 LT Menomonie WI 54751 breakdown of these charges. This way you can avoid being surprised when your bid wins.
Business Results 1 - 10 of 20
Menomonie WI - BingNews Search results
Charles Robert Bahr
A celebration of life gathering will be held from 4–8 p.m. on Friday, Dec. 14 at Olson Funeral Home & Cremation, 615 Wilson Ave, Menomonie, WI, 54751. To share a memory, please visit obituaries at www ...
Council gets look at 2019-20 projects
The League of American Bicyclists has designated Menomonie as a bronze-level Bicycle Friendly Community. There are 18 Bicycle-Friendly Communities in Wisconsin, according to the LAB’s website.
12-7 through 12-8 Prep Roundup: Menomonie's Skillings, Fenton win titles at Barron wrestling invite
Menomonie hosts River Falls on Thursday evening. Boyceville's Schlough, Joles unbeaten at Devils Duals At Wisconsin Rapids, Boyceville's Brock Schlough and Trett Joles each won all five matches at ...
David L. Suckow
Suckow, David L. Age 74 of Eagan, MN passed away at home November 19, 2018. Born in Menomonie, WI, grew up in Chicago, served in the US Navy, police officer in Chicago, IL and Ft Meyers, FL, truck dri...
12/7: 15th Annual WinterDaze
At 6:30 p.m. a festive holiday parade begins through downtown Menomonie. Immediately following the parade, a large winter fireworks show will be held over Lake Menomine. To keep our Wisconsin ...
Assistant Director of Nursing (ADON): American Lutheran Communities- Menomonie
Two to four years of experience in a similar role/setting. Must be currently licensed, or able to be licensed immediately as a Registered Nurse eligible to practice in the State of Wisconsin. Essentia...
Road conditions tied to fatal crash in western WI
MENOMONIE, Wis. - Investigators believe road conditions played a role in a crash that claimed the life of a woman in western Wisconsin Monday. It happened at 6:45 a.m. on Wisconsin State Highway 25 at ...
Woman, 44, Identified In Fatal Car Crash: Report
DUNN COUNTY, WI -- Authorities say road conditions early Monday may have contributed to a crash in which a 44-year-old Menomonie woman died in a two-vehicle accident. On Tuesday afternoon ...
Finished Fermenting: Zymurgy Brewing Opens in Menomonie
Jon Christiansen, a Wisconsin native, is the owner and brewer at Zymurgy ... Jon and his team are setting roots in Menomonie in hopes of bringing good beer and knowledge of fermentation to the area. Z...