Broke my word

I swore I would never go to auctions that charged a buyer fee. But I did. He charges the seller a commission, then a 10 percent buyers fee, 4 percent for credit cards and 4.9 percent sales tax. Bought a JD 300 garden tractor with mower deck, front hyd. lift blade, and 4 foot rototiller for 500 plus the charges. Extra wheels, the wide ones, and 4 wheel weights.The engine is not running, no battery, but supposed to be OK. Didn't think I could loose on that one.
Kenny

i think you done good!! even if the motor is shot, you can still part it all out and recoup your money, plus some.

I would say you did well. I sold an eight year old MTD 46" cut 22HP rider at auction last month for $350. It ran good and was running just before the auctioneer started calling for bids. The tires were badly worn and the battery was weak. It cost me 15% commision.

Hey Ken -

If the guilt gets too bad - let me know and I'll give you your money back on the mower and take it off your hands! ha...

Sounds like a good deal to me!

HH

If anyone ever reports him to the credit card companies for the CC charges they will fine him or ban him. You have to agree not to charge a fee to credit card users when you sign up with them.

(quoted from post at 20:13:43 03/25/09) If anyone ever reports him to the credit card companies for the CC charges they will fine him or ban him. You have to agree not to charge a fee to credit card users when you sign up with them.

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I was thinking the same thing about the credit card fee, and I'm not real sure that an auction company can legally charge sales tax unless they are liquidating commercial retail inventory, in which case the sales tax would go to the consignee?

Who ran the auction? Place out of Fort Lupton is the only one around I know of that is doing buyer's premium. Sounds like you did good on the price, should be able to get your money out of it no problem if worse comes to worse.

Illinois case in 1970"s, discrimination between payments, credit card companies lost. Sears was main defendant that charged extra for the master card customers. Court ruled extra charge to cover handling fees was OK. Cash discount was not a discrimination against credit card customer. Credit card contracts with no price difference were invalid. A auction that says credit card handling fees to be charged to customer is valid, customer can always pay cash by getting cash advance on his credit card. Local convienence store has it"s own gas credit card and charges 3 cents a gallon less for its use compared to master card or visa- Wisconsin consumer law say it"s valid marketing. A no charge to merchant card- like some American Express used to be still has some aggravations but buyer has the use charge on his bill to pay instead of merchant. Couple places have ATMs in store- store takes cash, credit card user gets cash from ATM and pays the service fee. A credit card company trying to get back at merchant by banning? customer would be stuck with bill and costs. Fine merchant? - For a "Convenience to customer sale " the credit card company might be fined and lawyer charged with Barartry. The auction company made a deal with local bank to handle credit card sale as a cash advance, charg to customer- at least that is how older brothers employer/auction house handled it. RN

Sales Tax? If state wants sales tax on a item, most say the selling agent is responsible for collecting it. RN