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 Enjoying European Quality Coffee in America Nissan Altima 2.5S Gilmanton WI 54743 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 Nissan Altima 2.5S Gilmanton WI 54743 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 Television – An Overview Nissan Altima 2.5S Gilmanton WI 54743 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 Nissan Altima 2.5S Gilmanton WI 54743 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 Nissan Altima 2.5S Gilmanton WI 54743 breakdown of these charges. This way you can avoid being surprised when your bid wins.
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Larry Schick of Gilmanton, WI passed away Wednesday, May 2, 2018. Larry was born May 7, 1939 in Chippewa Falls, WI, one of twelve children of John and Ella Schick. He is survived by brothers Walt and Jim; sister Joann; his devoted wife Jo; sons Larry ...
Sharon Kay Wick, age 74, of Gilmanton, WI passed away on Wednesday, December 13, 2017 at St. Elizabeth Nursing Home, Wabasha, MN. She was born on April 22, 1943 in Winona, MN a daughter of the late Ewald and Eileen (Buchholz) Hoksch. Sharon attended Alma ...
Wisconsin Man Arrested after Crashing into Vehicle Parked in Driveway
An 18-year-old woman was injured early Sunday in Gilmanton, Wisconsin, when authorities say a driver, suspected to be under the influence, failed to heed a stop sign and continued into a residential driveway, striking the truck she was occupying.
Lorn A. Gunderson
GILMANTON—Lorn August Gunderson, age 82, of Gilmanton, WI passed away after a brief illness, on Friday, August 25, 2017 at the American Lutheran Home in Mondovi, WI with his family at his side. He was born on November 10, 1934 to Orin and Clara Gunderson.
Western Wisconsin County Sees 8 Inches Of Rain In 45 Minutes
GILMANTON, Wis. (WCCO) — Parts of Minnesota and Wisconsin are dealing with flooding after Wednesday night’s storms. West-central Wisconsin has some of the worst flooding. The Buffalo County sheriff’s department said up to eight inches of rain fell in ...
Gilmanton Free Fair celebrating milestone year
GILMANTON, Wis, (WEAU) --A small community in Western Wisconsin had a milestone year for their annual fair. The 70th Annual Gilmanton Free Fair finished its fourth and final day with a parade filled with floats of all kinds. Part of Highway 121 downtown ...
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