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 The Last Of The 455 Pontiac Trans Ams Ford Fusion SE Osseo WI 54758 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 Ford Fusion SE Osseo WI 54758 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 Cheap Repo Car Sales – Want to Buy But Can’t Find the Auctions? Ford Fusion SE Osseo WI 54758 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 Ford Fusion SE Osseo WI 54758 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 Ford Fusion SE Osseo WI 54758 breakdown of these charges. This way you can avoid being surprised when your bid wins.
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Wisconsin roundup: Student brings 2 unloaded guns to Durand middle-high school; more state news stories
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Dr. Marta Lasater
Dr. Marta Lasater is a family medicine doctor in Osseo, Wisconsin and is affiliated with multiple hospitals in the area, including Mayo Clinic Eau Claire and Mayo Clinic Health System-Oakridge in Osse...
Doctors around Osseo, WI: Doctors Around Osseo
AARP offers tools to answer your health care questions, to help manage your health information and to help you learn about medical conditions, symptoms and procedures. Start now by selecting a tool be...
Wisconsin Baseball Association championship: Osseo tops Sparta Miller 7-0
OSSEO, Wis. — The Osseo Merchants held the Sparta Miller amateur baseball team to three hits in a 7-0 result Sunday in the Wisconsin Baseball Association championship game. Osseo’s Logan Boettcher pit...
Wisconsin Baseball Association State Finals: Osseo blanks Sparta for title
OSSEO — The Osseo Merchants blanked Sparta 7-0 on Sunday in the Wisconsin Baseball Association state championship game. Todd Wienkes and Jimi Zawacki were each 3-for-5 while Ryan Freitag had two hits ...