The term “Tax Free Exchange” is a reference to Internal Revenue Code 1031. This allows taxpayers to replace equipment and/or vehicles with similar pieces, in what is referred to as a “Like Kind Exchange”, without paying federal income tax on the transaction. Certain criteria need to be meet, please check with our sales representatives for details.
Frequently Asked Questions
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.
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.
Yes, unless a valid tax exemption documentation is presented. Please check with our cashiers for more details.
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.
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.
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.
No Deposit Required for on site or on line bidding. The Vantage Auction difference.
You will need to register to bid either in person (on site) or on-line first, and obtain a bidder number. 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. A valid driver’s license or passport is required.
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.