Fee Structure - 2017 (Subject to Change)

PERSONAL OR BUSINESS CHECKS ARE NOT ACCEPTED AT ANY SIERRA AUCTION LOCATION.


Buyer's Premium and Other Charges

BUYER TYPE Proxibidders Live Bidders Online Only Bidders (Non-Proxibid)
ASSET CLASS  
Firearms and Surplus 12% + 5% Proxibid Fee 12% 12%
* Vehicles and Commercial Equipment 12% + 1% Proxibid Fee (min. $50) 12% 12%
Restaurant Equipment 12% + 3% Proxibid Fee (min. $50) 12% 12%

Other Fees Include:

  • $10 per firearm
  • $45 Title fee per vehicle/heavy (if titled)
  • $95 per Duplicate Title (if applicable). Buyers have 15 days to change the title into their name.
  • 3% per day of the outstanding balance late payment fee
  • $10 per day storage fee per lot


Renege Fees:

  • Vehicles Renege Fee:
    Minimum $500 or a 13% of the total bid price, whichever is greater.
  • Heavy/Commercial Equipment Renege Fee:
    Minimum $500 or a 14% of the total bid price, whichever is greater.)
  • Firearm Renege Fee:
    Minimum $200 or a 17% of the total bid price, whichever is greater.
  • Surplus / Onsite Auction Renege Fee:
    Minimum $200 or a 14% of the total bid price, whichever is greater.

(Fee must be paid to be able to bid in our auctions again)


Credit Card Program

Sierra Auction now accepts credit card as payment on your vehicle purchase!

Credit Card Surcharges
  • 3% on the total invoice amount, including taxes and fees
  • * Exception - Maximum $3,000 on Titled Vehicles and Commercial Equipment

TERMS
  • Must sign a Credit Card Chargeback Waiver
  • Credit Card must be present and swiped
  • Must have a Valid ID that will be copied
  • Address of Credit Card and ID must be the same
  • Title in 7 Days

Questions? Call 602.242.7121 or visit us online at www.SierraAuction.com


*SALES TAX
Please note that sales tax is based on the City/State in which the auction is held. The most common sales taxes for Sierra are:
Sierra’s Phoenix Location: 8.6%
Sierra’s Tucson Location: 8.1%

STARTING JANUARY 1, 2016, SIERRA WILL NOT BE ACCEPTING PAYMENTS BY PHONE. IF PAYMENT HAS NOT BEEN RECEIVED BY DUE DATE, SIERRA RESERVES THE RIGHT TO CHARGE THE BUYER THE FULL AMOUNT DUE AND/OR A PENALTY FOR BREACH OF CONTRACT AND THE BUYER AGREES TO ALLOW SIERRA TO CHARGE THIS AMOUNT. BUYER ALSO AGREES TO WAIVE ANY RIGHTS FOR CHARGEBACKS RELATED TO THE PURCHASE.

Phoenix Office

Tucson Office

Business Hours

  • Monday-Friday: 8am to 4pm
  • Saturday (Auctions Only): 8am to 2pm
  • Sunday: Closed

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