Fee Structure (Subject to Change)
PERSONAL OR BUSINESS CHECKS ARE NOT ACCEPTED AT ANY SIERRA AUCTION LOCATION.
SIERRA AUCTION DOES NOT AUTOMATICALLY CHARGE CREDIT CARDS ON FILE.
Payments made using a Debit Card (with or without pin) or a Credit Card incur an additional 3% surcharge.
Surplus Note: If your invoice is paid-in-full on the Monday following a Sunday surplus auction close there will be no credit card convenience fees charged if paid-in-full by end of business on Monday using the link provided in your invoice. After Monday, the Buyers Premium will remain at 15% plus we will collect a 3% convenience fee for any credit card payments hereafter.
Buyer's Premium and Other Charges
Please see the Special Terms and Conditions within each auction event's Terms and Conditions for more details. PLEASE NOTE: The Buyer's Premium is also taxed at the current rate per location.
| ASSET CLASS | |||
| Vehicles and Commercial Equipment | See Tiered Buyer’s Premium Below
Plus 2% of Bid Price (Min. $50) - See Chart Below |
||
| Onsite Auctions | 15% | ||
| Surplus | 15% | ||
| City of Tempe Assets | 12% | ||
| Pima County Assets | 10% | ||
Tiered Buyer's Premiums - All Vehicles/Equipment Assets
| From Bid Amount | To Bid Amount | Amount Added to Invoice | |
| $0 | $999 | = | $99 |
| $1000 | $1499 | = | $199 |
| $1500 | $1999 | = | $299 |
| $2000 | $2999 | = | $399 |
| $3000 | $3999 | = | $499 |
| $4000 | $4999 | = | $599 |
| $5000 | $5999 | = | $699 |
| $6000 | and above | = | 12% |
Other Fees Include:
- See Admin Fee for Passenger Vehicles - Click Here
- See Admin Fee for Fleet & Heavy Equipment - Click Here
- See Admin Fee for Nonrunning & Stationary Vehicles - Click Here
- See Admin Fee for Toys (Boats, RVs, Motorcycles, Carts) - Click Here
- $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:
PLEASE NOTE: A 3% credit card convenience fee is assessed when collecting the renege fee using a credit card.
- Vehicles & Commercial Heavy Equipment Renege Fee:
Minimum $250 or 14% of the total bid price, whichever is greater. - Surplus Renege Fee:
Minimum $200 or 14% of the total bid price, whichever is greater. - Onsite Auctions Renege Fee:
Minimum $200 or 15% of the total bid price, whichever is greater.
(Fee must be paid in order to be considered for bidder reinstatement into our auctions.)
$100-$500 REGISTRATION DEPOSIT HOLD:
If you, the buyer, registers for any of our auctions through our bidding platform and DO NOT meet the criteria for bidding, Sierra Auction will require either a $100 deposit hold (Onsite Auctions ONLY) or up to a $250 deposit hold (vehicles & commercial equipment) in order to participate in our auctions. This deposit/hold CAN be applied to your final invoice total ONLY if used for the final payment balance of the item(s). Deposit/hold refunds can take up to 30 days depending on the time it takes YOUR bank to release. If you ARE the winning bidder of an item in auction and payment has not been made according to Sierra’s terms and conditions, the $100-$500 registration deposit hold will be charged as a penalty for breaching the purchase contract (renege fee). Please make sure to familiarize yourself with all of our terms and conditions.
Credit Card/Debit Card Program for Vehicles/Commercial Equipment
Sierra Auction now accepts credit cards and debit cards as payment on your vehicle or commercial equipment purchase!Credit/Debit Card Surcharges
TERMS
- 3% on the total invoice amount, including taxes and fees
- Must sign a Credit Card/Debit Card Bidder Agreement - Download Bidder Agreement
- Must use Sierra’s payment portal on the website - Make A Payment. Sierra WILL NOT accept credit card payments over the phone, via US mail or email, or through text messaging.
- Must have a copy of a Valid ID that accompanies a paid invoice at the time of pick-up
- Address of Credit Card and ID must be the same
- Title is mailed out in 7 Days
Questions? Call 602.242.7121 or email us at info@sierraauction.com
IMPORTANT INFORMATION
SALES TAX 8.6%
ATTENTION: Per city code, if you are a City of Phoenix or a City of Tempe employee, you are not permitted to bid on any City of Phoenix or City of Tempe assets respectively, either knowingly or unknowingly. By participating in our auction, you agree to this restriction & will abide by it.
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.
Bid Increments Vehicles
| From Bid Amount | To Bid Amount | Increment | |
| $0 | $999.99 | = | $50 |
| $1,000 | $4,999.99 | = | $100 |
| $5,000 | $24,999.99 | = | $250 |
| $25,000 | $49,999.99 | = | $500 |
| $50,000 | $99,999.99 | = | $1,000 |
| $100,000 | $249,999.99 | = | $2,500 |
| $250,000 | $999,999.99 | = | $5,000 |
| $1,000,000 | and above | = | $10,000 |
Bid Increments Heavy Equipment
| From Bid Amount | To Bid Amount | Increment | |
| $0 | $999.99 | = | $50 |
| $1,000 | $4,999.99 | = | $100 |
| $5,000 | $24,999.99 | = | $250 |
| $25,000 | $49,999.99 | = | $500 |
| $50,000 | $99,999.99 | = | $1,000 |
| $100,000 | $249,999.99 | = | $2,500 |
| $250,000 | $999,999.99 | = | $5,000 |
| $1,000,000 | and above | = | $10,000 |
Bid Increments Nonrunning/Stationary/Specialty Vehicles
| From Bid Amount | To Bid Amount | Increment | |
| $0 | $4,999.99 | = | $50 |
| $5,000 | and above | = | $100 |
Bid Increments Surplus/Onsites
| From Bid Amount | To Bid Amount | Increment | |
| $5 | $9.99 | = | $0.50 |
| $10 | $24.99 | = | $1 |
| $25 | $99.99 | = | $5 |
| $100 | $249.99 | = | $10 |
| $250 | $499.99 | = | $25 |
| $500 | $999.99 | = | $50 |
| $1,000 | $4,999.99 | = | $100 |
| $5,000 | 24,999.99 | = | $250 |
| $25,000 | $49,999.99 | = | $500 |
| $50,000 | $99,999.99 | = | $1,000 |
| $100,000 | $249,999.99 | = | $2,500 |
| $250,000 | $999,999.99 | = | $5,000 |
| $1,000,000 | and above | = | $10,000 |
Phoenix Office
- 3570 Grand Ave. Phoenix, AZ 85019
- Phone: (602) 242-7121
- Fax: (602) 246-1903
- View Map
Tucson Office
- 3911 N Highway Dr, Tucson, AZ 85705
- Phone: (602) 242-7121
- Fax: (520) 882-1553
- View Map
Business Hours
Phoenix Location
- Monday-Friday: 8am to 4pm
- Saturday: Closed
- Sunday: Closed
Tucson Location
- Monday-Friday: 8am to 4pm
- Saturday: Closed (Auctions online ONLY, 1st and 3rd Saturday)
- Sunday: Closed
- Preview Day (Friday before Auction): 10am-4pm
Useful Links
Sign up today and receive exclusive emails on upcoming auctions and the latest updates and current events at Sierra Auction.
Useful Links
Phoenix Location
Phone: (602) 242-7121
Fax: (602) 246-1903
Tucson Location
Phone: (602) 242-7121
Fax: (520) 882-1553
2023 © All Rights Reserved. Sierra Auction | Privacy Policy | Terms of Service