Most off-site auctions will have a 15 percent buyers premium. The weekly online auctions will have a buyers premium up to 15 percent. This buyers premium varies, pending on the auction. Notice: A buyers premium will be added to all purchases. All items to sell subject to auction company confirmation discretion. Auction Company reserves the right to charge any remaining balance of your purchase price on your credit card if the balance is not paid within seven days. In no doubt the purchase price is the Sum all of the bid price, buyers premium, buyers fee, and sales tax if applicable. The balance will be due within ten business days and prior to removal, payable by a cashiers check, cash, credit card, or wire transfer. General use Provisions Michigan Online Auctions and or Affiliates (Auction Company) in its sole discretion may ban from further use any buyer or seller which auction company believes to have in any way misrepresented itself or any items selling, failing to abide by terms, or conduct any improper auction behavior determined solely by Auction Company.Īny seller who misrepresents their items in any and buyer who in probably fails to carry through with a purchase will be banned from any further use and may be subject to additional legal actions. Any issues with a particular MIOA business, you must deal with them. Each MIOA location is independently owned and operated. Auction Terms & Conditions This is a legal agreement between you, the user or buyer and the site owner or Auction Company.

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