Car Auction Fees

Every car auction has charges on top of the purchase price of a vehicle sold at auction. Let's take a closer look.

INDEMNITY FEES

Indemnity fees are charges on every car that is sold at auction. Probably better known as a 'buyers premium'. Not all fees are the same and can differ greatly depending on what type of car auction you attend.

If you go to one of the bigger companies, these particular auctions have their own purpose built auction centres, a huge amount of staff to run them, and also a massive amount of overheads as well.

You and me as a buyer have some of these costs passed onto us in the form of indemnity fees, i know it doesn't seem fair but that how the auctions work and make their profits.

So does that make the bigger auction companies the wrong place to buy a car? No, not at all. The higher indemnity fees are a down side but the plus side is that there is a huge amount of choice at these larger auctions and you can drive out with a great bargain no doubt about that.

What i have found in my experience is at the more smaller independent auction companies the situation is again twofold. The plus side is the indemnity fees are a bit less but the down side is that the choice is a bit less when choosing this type of auction.

You can find these smaller auctions if you look in your local yellow pages and most of the companies advertised will be independent ones. The best thing to do is call the auction centre before attending to find out what their charges are and then you won't get any surprises after buying a car.

Regards,

Paul Fryatt.

Paul Fryatt is a car dealer with a huge amount of experience of car auctions and has a website dedicated to this subject. Click on the link below for more details. Thank you.

www.insidecarauctions.co.uk


Every car auction has charges on top of the purchase price of a vehicle sold at auction. Let's take a closer look.

INDEMNITY FEES

Indemnity fees are charges on every car that is sold at auction. Probably better known as a 'buyers premium'. Not all fees are the same and can differ greatly depending on what type of car auction you attend.

If you go to one of the bigger companies, these particular auctions have their own purpose built auction centres, a huge amount of staff to run them, and also a massive amount of overheads as well.

You and me as a buyer have some of these costs passed onto us in the form of indemnity fees, i know it doesn't seem fair but that how the auctions work and make their profits.

So does that make the bigger auction companies the wrong place to buy a car? No, not at all. The higher indemnity fees are a down side but the plus side is that there is a huge amount of choice at these larger auctions and you can drive out with a great bargain no doubt about that.

What i have found in my experience is at the more smaller independent auction companies the situation is again twofold. The plus side is the indemnity fees are a bit less but the down side is that the choice is a bit less when choosing this type of auction.

You can find these smaller auctions if you look in your local yellow pages and most of the companies advertised will be independent ones. The best thing to do is call the auction centre before attending to find out what their charges are and then you won't get any surprises after buying a car.

Regards,

Paul Fryatt.

Paul Fryatt is a car dealer with a huge amount of experience of car auctions and has a website dedicated to this subject. Click on the link below for more details. Thank you.

www.insidecarauctions.co.uk


By Paul Fryatt