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Auction Basics

WHAT YOU NEED TO KNOW BEFORE YOU BID

Most buyers look at the bid price…
but that’s NOT what you actually pay.

Here are a few of the most common costs that catch people off guard:

• Buyer Fee

This is the auction’s main fee for purchasing the vehicle. It’s based on your final bid amount and can add hundreds or even thousands.

• Internet Fee
If you bid online (which most people do), the auction charges an additional fee just for using the platform.

• Gate Fee


This is a standard charge to release the vehicle from the yard.

A lot of first-time buyers don’t expect this — but it’s always there.

• Storage Fees


If you don’t pick up your vehicle quickly, daily storage fees can start adding up fast.

• Transport Cost


Unless the vehicle is drivable and legal for the road, you’ll need to transport it

(tow truck, trailer, or dolly)

TITLE TYPES (WHY THEY MATTER)

A vehicle's title affects value,insurance, and resale.

(Details inside the full calculator.)

WHY THIS MATTERS

A car that looks like a “deal” at $5,000
can quickly turn into $7,500 +  after fees, transport, and repairs.

That’s where most people lose money.


• Estimate total cost (fees + transport)
• Check VIN & vehicle history
• Spot major risks before you bid

Know your numbers BEFORE you raise your hand.
 

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