Buyer Fee
A fee charged by the auction house to the buyer, typically calculated as a percentage of the purchase price or on a tiered scale.
Definition
A fee charged by the auction house to the buyer, typically calculated as a percentage of the purchase price or on a tiered scale.
Related Terms
Landed Cost
The total cost of acquiring a vehicle including purchase price, auction fees, transport, inspection, title fees, and any reconditioning needed.
Max Bid
The maximum amount a buyer should bid on an auction vehicle to maintain their target profit margin after all landed costs are accounted for.
Seller Fee
A fee charged by the auction house to the seller for listing and selling their vehicle.
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