Payment Methods & Auction Fee's
Cal State Auction Services, Inc. Accepts the following
forms of payment:
CASH or CASHIERS CHECK, VISA, Master Card
(Cashiers checks are to be made payable to CAL STATE AUCTION
SERVICES Inc., no two party checks or credit card checks will be
accepted)
Buyers Fee
California state senate bill 974 requires that there is a 10% Buyers
Fee on all auctioned vehicles. This is an amount charged by the
auctioning dealer for conducting the sale. If your bid is accepted as
the winning bid an any vehicle you will be charged a buyers fee in
addition to the accepted bid price. The buyers fee of 10% is part of the
purchase price ans is subject to sales tax.
A deposit of not less than 25%of the bid price must be
made Immediately after being awarded the winning bid on a
vehicle. The balance is due the following business day by
3:00p.m.
There are no exceptions to payment policies, in the event
that a bidder can not fulfill his/her payment obligation to Cal
State Auction Services, Inc., they will be charged a forfeit
fee of 15% of the winning bid price, as well as a $45.00
documentation fee.
Sales Tax
Appropriate sales tax percentages shall be based on the
county in which the vehicle will be registered. All sales tax is
collected on behalf of the California State Board of
Equalization. Non-Resident buyers will be charged the
percentage rate based on the county in which the auction is
held.
DMV Fees
Cal State Auction Services, Inc. will estimate DMV fee's at the
time of sale, therefore any additional amounts are the buyers
responsibility and consequently and fees estimated over
shall be refunded to by the auction. All DMV fees are
collected on behalf of the California Department of Motor
Vehicles.
Cal State Auction Services, Inc. Accepts the following
forms of payment:
CASH or CASHIERS CHECK, VISA, Master Card
(Cashiers checks are to be made payable to CAL STATE AUCTION
SERVICES Inc., no two party checks or credit card checks will be
accepted)
Buyers Fee
California state senate bill 974 requires that there is a 10% Buyers
Fee on all auctioned vehicles. This is an amount charged by the
auctioning dealer for conducting the sale. If your bid is accepted as
the winning bid an any vehicle you will be charged a buyers fee in
addition to the accepted bid price. The buyers fee of 10% is part of the
purchase price ans is subject to sales tax.
A deposit of not less than 25%of the bid price must be
made Immediately after being awarded the winning bid on a
vehicle. The balance is due the following business day by
3:00p.m.
There are no exceptions to payment policies, in the event
that a bidder can not fulfill his/her payment obligation to Cal
State Auction Services, Inc., they will be charged a forfeit
fee of 15% of the winning bid price, as well as a $45.00
documentation fee.
Sales Tax
Appropriate sales tax percentages shall be based on the
county in which the vehicle will be registered. All sales tax is
collected on behalf of the California State Board of
Equalization. Non-Resident buyers will be charged the
percentage rate based on the county in which the auction is
held.
DMV Fees
Cal State Auction Services, Inc. will estimate DMV fee's at the
time of sale, therefore any additional amounts are the buyers
responsibility and consequently and fees estimated over
shall be refunded to by the auction. All DMV fees are
collected on behalf of the California Department of Motor
Vehicles.
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| Documentation Destination & Smog fees In addition to the above required fees Cal State Auction Services, Inc. is responsible for collecting the following fees. Documentation Fee = 45.00 Destination Fee = 50.00 Smog Fee = 58.00 |
Refund Policy
In the event the person(s)
whose signature is within the
contract defaults on the final
payment, the said buyer may
request a refund under the
following terms: A forfeit
amount of 15% of the bid price
plus the documentation fee
and any storage or
administrative cost incurred.
The total amount of the forfeit
fee shall be deducted from the
buyers account/partial payment
of any remaining amount and
returned to the buyer by means
of credit to the buyers account
or by the auction's company
check within ten business
days from the forfeit default
date. No personal checks will
be accepted as payment to that
forfeit fee due. In the event the
forfeit fee is greater than the
partial payment amount, the
buyer shall be responsible for
any additional cost to meet the
forfeit fee due.
All vehicles are sold AS-IS
In the event the person(s)
whose signature is within the
contract defaults on the final
payment, the said buyer may
request a refund under the
following terms: A forfeit
amount of 15% of the bid price
plus the documentation fee
and any storage or
administrative cost incurred.
The total amount of the forfeit
fee shall be deducted from the
buyers account/partial payment
of any remaining amount and
returned to the buyer by means
of credit to the buyers account
or by the auction's company
check within ten business
days from the forfeit default
date. No personal checks will
be accepted as payment to that
forfeit fee due. In the event the
forfeit fee is greater than the
partial payment amount, the
buyer shall be responsible for
any additional cost to meet the
forfeit fee due.
All vehicles are sold AS-IS
