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Joined: May 2011
Posts: 373
Petro Enthusiast
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Petro Enthusiast
Joined: May 2011
Posts: 373 |
Wish i could sell my repo's for that.
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Joined: Apr 2011
Posts: 1,273 Likes: 1
Veteran Member
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Veteran Member
Joined: Apr 2011
Posts: 1,273 Likes: 1 |
Internet Buyer's Premium: 15 %
Sales Tax: 13.00% - Tax may apply to the total invoice, including Buyer's Premium
Repo or original...does it really matter @28% give-away!
Ron Gordon
Cell: 815.762.2616
Email: flash03@comcast.net
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Joined: Oct 2011
Posts: 279
Petro Enthusiast
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Petro Enthusiast
Joined: Oct 2011
Posts: 279 |
What is a buyers premium? never done the auction thing before.
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Joined: Nov 2000
Posts: 295
Petro Enthusiast
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Petro Enthusiast
Joined: Nov 2000
Posts: 295 |
It's where they gouge you an additional 15 percent on top of what the item brought for the "opportunity" to bid on and buy it.
Jay Leeper
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Joined: Jan 2004
Posts: 1,377
Veteran Member
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Veteran Member
Joined: Jan 2004
Posts: 1,377 |
An additional amount you as the buyer pays. 15% buyer's premium means you pay 15% of the hamer price as the additional amount.
Bill Fortune
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Joined: Aug 2011
Posts: 1,705
Veteran Member
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Veteran Member
Joined: Aug 2011
Posts: 1,705 |
We call it "purchaser's penalty". Some auctioneers charge you as much as 18-20 percent to sell an item then charge the buyer an additional 10-15 percent. Sweet deal
Dave Jones
It's All Just Stuff
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Joined: May 2010
Posts: 932
Petro Enthusiast
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Petro Enthusiast
Joined: May 2010
Posts: 932 |
Some auction houses not only get a BP, they can also get a sellers premium.
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