Skip to main content

Reply to "This just popped up on another forum."

One would think I would follow this but it isn't as rosy as it seems....Reading the "Auctions Terms of Sale " aka the fine print: Buyer’s Premium on all items purchased in this auction is as follows....The buyer’s premium is 17% for live, absentee, and phone bidders. The buyer’s premium is 20% for all internet bidders. The way I read it they charge 5.5 sales tax even if the Buyer resides in another state the only exception seems to be a business ( both Maine and out of state) that has a resale certificate.  So doing the math  and wishful thinking the car sells for the low end of $15k add in your 20% Buyers fee ( $3,000 ) and 5.5 sales tax on the total amount of $18,000  ($990) You arrive at $18,990.  add in a low estimate to transport say $1,200. sub total now at $20,190 and you have not started to do the fixes and upgrades ..At a minimum we'll add another $2,000 to cover what can be seen that needs to be addressed. All this and you still, have those  "unknowns" . However, you're all in is now at  $22,190.  Certainly no longer a super deal.

×
×
×
×
×