16% Buyers Premium PLUS a $25 fee, PLUS!

[Artisan]

Be verrrry careful and read the fine print.

I just saw a bunch of GL auctions where they say you will be charged a
$25.00 handling fee I think it said AND the Buyers Premium was 16%
up 6%, AND I am sure you will pay tax as well.

SO if you win an item for
$100.00 you pay $25 so now your at $125.00 now add 10% now
your at $137.50 now add lets say 8% tax and you are at $148.50
for that $100 dollar bid. THAT IS MONSTEROU$ WOW!

Let's work it normal;

$100.00 bid x 10%=$110.00 x 8% = $118.80 !


Almost a $30.00 difference on just one-hundred-bux

A sign of things to come to cover the loss of truck sales? Time will tell.

Better start reading ALL the fine print.

 

[FloridaAKM]

I will pass on any auction that includes a 16% premium, plus a $25.00 handling fee. Their loss of truck sales is not my fault, so look somewhere else for your GL monies. It figures, everytime I find something good to add to the hobby; the govnt changes the rules to where it is impossible to even do!

 

[Artisan]

Hopefully it is just a non DOD auction and a one time deal but
none the less, be aware, I have never seen such things EXCEPT
for what went on a few days ago at the Littlefield auction and
all there add on fees. Hmmmmm.

 

[98G]

I've seen in on multiple gl auctions, but always non-dod items.

 

[doghead]

This should be posted in the GL forums.

 

[Suprman]

Yup the non dod lots at have the higher percentage. I only saw the extra fee thing at one site. I bought some stuff at a local company GL was liquidating they actually had several GL employees on site handling the pickups. I can see charging more when you have to send out people to manage something.

 

[Artisan]

I've seen in on multiple gl auctions, but always non-dod items.

Hopefully it stays that way.

DG just move it but it won't get seen much...

 

[swbradley1]

Moved

 

[porkysplace]

Just figure it in your maximum bid ,not a big deal . They been doing it here in michigan since they started non DOD auctions a couple years ago . Dow is one of there regulars and getting on their property for pick-up makes any goverment site seem like going to a flea market to get in .

 

[Ford Mechanic]

Our auctions have 17% buyers premium less a 5% cash or check discount (12%) and then add NC sales tax at 6.75%. I have seen others that had higher buyers premiums than that around here. We had around 210 folks sign up for bidders numbers this weekend, meaning 400-500 attended.
Here your $100 item works out like this...

Credit ................Cash
Item $100 ..........$100
Premium $ 17 .....$ 12
Tax $7.90 ...........$7.56
Total $124.90 ......$119.56





So other than the $25 handling fee it doesn't look far fetched.