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.
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St Thomas student and president discuss discovery of racial slur in dorm
"Words can't describe how mad I was." Perkins, a freshman from Menomonie, Wisconsin, says he immediately scrubbed his door clean and called his brother to tell him he was leaving school. "I was packin...
Truckers pick the best truck stops for 2018
KwikTrips in Wisconsin are reportedly the place to be, with KwikTrip #674 in Menomonie and KwikTrip #603 in Wilson rounding out the three most highly rated major chain truck stops. The fourth top spot ...
Cross Country: Both Raider teams roll on to state
in Wisconsin Rapids. Hudson's boys' qualified for the fourth straight year and 19th time in program history by winning the Division 1 sectional last Saturday, Oct. 20, in Menomonie, while the girls pu...
Prep Roundup: Menomonie's Schwartz advances to Division 1 state cross country meet
and the sophomore will run at next weekend's state championships in Wisconsin Rapids. The Menomonie boys were seventh as a team. "Going into the meet, I thought Patrick might have an outside shot ...
High school sports roundup: Kora Malecek takes top honors, paces Hilltoppers girls
MENOMONIE, Wis. — The Onalaska High School ... This year’s state meet is Oct. 27 at The Bridges Golf Course in Wisconsin Rapids, Wis. "To put five runners in the top 10 at a sectional meet ...
Prep Football Playoffs: Many factors play into impressive postseason streaks for Menomonie, other area teams
Menomonie owns the state’s longest consecutive ... including University of Iowa quarterback Nate Stanley and University of Wisconsin fullback Mason Stokke, linebacker Mason Platter and offensive ...
Around the Big Ten: Penn State gets upset, while Wisconsin remains in strong contention for Big Ten West
They are now ranked at No. 19, which is four spots above Wisconsin at No. 23. They won via a dominant passing attack which included an impressive six touchdown passes from quarterback Nate Stanley, wh...
School safety grant awarded to Menomonie School District
Menomonie (WQOW) – The Menomonie School District is the latest to win a grant from the Wisconsin Attorney General’s Office to improve school safety. According to Menomonie Superintendent Dr ...
Man Convicted in Slaying of Wisconsin Sheriff's Deputy
Login or register now to gain instant access to the rest of this premium content! MENOMONIE, Wisconsin — Sarah Glaze hugged friends, family members and law enforcement officers immediately after a jur...
College football: Wisconsin snatches victory at Iowa
The Menomonie, Wisconsin, native who endured an 8-of-24 passing performance a year ago at Camp Randall Stadium in his first start against his home state school, connected with tight ends T.J ...