Buyer Fees
All-Inclusive Buyer Fee Includes:
Gate / Service Fee, Virtual / Internet Bid Fee, and Environmental Fee
Discounted Payment Methods: Online Bank Transfer (including Wire, ACH); Debit Card
Non-Discounted Payment Methods: Credit Card; Wallet Apps
Your ability to place bids is subject to a one-time refundable deposit equal to $300, which you may request in writing to have refunded after logging into your Salvato Buyer Account. All deposit refunds will be initiated within one business day of Salvato’s receipt of your request, and will be issued back to the payment method used to submit the deposit. Notwithstanding the foregoing, Salvato may refuse to refund the deposit if the security deposit is applicable to any of your open bids or if you have any unpaid fees at the time of your request.
Credit balances (for example, resulting from overpayment), will be held by Salvato in your Buyer Account. Credit balances may not exceed $500, and can be applied to Vehicle Auction Price, Buyer Fee, and any Additional Services fees set forth below. Credit balances can be refunded at your request if you are closing your account, excluding promotional credits of any kind, which cannot be refunded or redeemed for cash.
If you submit a winning bid on a Vehicle and are awarded the Vehicle, you will be charged the auction price of that Vehicle (“Vehicle Auction Price”) and a buyer fee for that Vehicle, which varies based on the applicable Vehicle Auction Price, as set forth above (“Buyer Fee”).
In addition to the above fees, you are responsible for all additional fees relating to your use of the Platform and purchase of Vehicles as set forth below.
Other Fees & Services (If Applicable)
(with a minimum fee of $600)
You will pay the Vehicle Auction Price, Buyer Fee, and any other applicable fees within the earlier of (i) 8 days including the day of sale, and (ii) the date you pick up the Vehicle. Any amount not paid when due will be subject to finance charges equal to 1.5% of the unpaid balance per month or the highest rate permitted by applicable law, whichever is less, determined and compounded daily from the date due until the date paid. You will reimburse any costs or expenses (including, but not limited to, reasonable attorneys’ fees) incurred by Salvato to collect any amount that is not paid when due.