Are there additional fees for the final price of the vehicle?
Yes, In addition to the final price of the vehicle, the buyer will be responsible for paying the Auction fee, AutoBidBroker transaction fee, documentation fee, and storage fees if is applicable.
Payment must be received by 5 pm Central Time the following business day. If payment is late the buyer will incur a $1000 late payment fee or 2% of the sales price (whichever is greater) and $40 per day storage fee while the car is at the auction yard beyond the 2 calendar days of free storage.
AutoBidBroker Auction Fees:
Premium Membership Transaction Fee = $249 or 5% of the purchase price, whichever is greater
Supreme Membership Transaction Fee = $199 or 3% of the purchase price, whichever is greater
Penalty fee failure to complete the purchase transaction, regardless of the reason:
1.- $400 for each vehicle sold for less than $9,000.
2.- $600 for each vehicle sold for $10,000 to $19,000.
3.- $1,000 for each vehicle sold for more than $20,000.
4.- Auction Re-list fee of $400 or 15% of the sales (whichever is greater)
AutoBidBroker Documentation fee $85