Payment Due & Penalty Fee

Categories: Published On: September 28th, 2021

Payment is due the next business day after the end of the auction by 5pm Central Time. For every day that the payment is late, you will be charged a late payment fee of $100 or 2% of the sale price (whichever is greater).

When you won an auction, our accounting department will send a notification with an invoice attached, the invoice will include wire transfer instructions.

Payment for the vehicle can only be made by bank wire transfer, failure to complete the purchase transaction, regardless of the reason, the buyer shall remit a Penalty Fee of $400 for each vehicle sold for less than $9,000; $600 for each vehicle sold for $10,000 to $19,000 and $1,000 for each vehicle sold for more than $20,000. In addition to the penalty fee from the Auction.

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