FAQs – Vantage Auctions

Frequently Asked Questions

What forms of payment are acceptable?

Certified Funds, ie... Cash, Cashier’s Checks, Money Orders, Direct Deposits and Wire Transfers. Personal or Company checks must be accompanied by a letter of guarantee from your bank. Credit cards are acceptable up to $5000, with a 5% Administrative Fee.

When is final payment due?

All invoices must be paid in full by 4:30 pm on the second business day following the auction. 18% interest will accrue after this day.

How much time should I allow to receive an appraisal of my equipment?

Typically, the process should be completed within 5-10 business days. However, the more complex appraisal may take long.

If I register on-line, do I need to register again if I decide to bid on site, instead?

Yes, the bidder number is unique to the chosen method of bidding. In other words, you cannot register on line and use that bidder number on site, and vice versa.

Can I inspect the equipment and vehicles before the auction?

Yes, anytime the yard is open, you are free to stop by and inspect what is in our yard. However, the two days prior to the auction are the official “inspection days”. We will have staff available then to assist you in the inspection and getting pieces started.

Is there a deposit required?

No Deposit Required for on site or on line bidding. The Vantage Auction difference.

Is the auction open to the public?

Yes, everyone is welcome.

When is the last day to pick up my purchases?

All purchases must be picked up by 4:30 pm on the fourth business day follow the auction. A storage fee of $25 per lot per day will accrue after this day.

When will I get my payment for equipment sold at your auction?

We pay out within 10 banking days of the auction, one of the fastest in the industry. Your check can be mailed or picked up at our corporate office. We also offer payment of your proceeds via Direct Deposit (ACH) or Wire Transfer.

Can I register and/or bid for someone else?

Yes, and No… The bidder registration consists of a signed agreement to abide by our “Terms of Bidding and Sale”. Because of this, only the person registering, can agree to these terms and sign the agreement. However, this does not stop you from bidder for someone else. If you are successful, the name on the invoice can be changed to the actual buyer, once it is paid in full.