Iaai-Com (2024)

FAQs

What happens if I don't pay IAA? ›

Renege Fee - In the event Buyer fails to pay for a vehicle within seven (7) calendar days inclusive of the day the vehicle is awarded to Buyer, Buyer shall pay IAA a “Renege Fee” equal to $1,000 or 15% of sale price, whichever is greater.

Registration is required by IAA in order to bid in our auctions. You can register as a Guest, free of charge (with no bidding privileges), or register for a bidding account as a Public (Individual) or Licensed Business buyer. Public Buyer: Public buyers do not need a business license.

The answer is yes in some cases. Auto auctions like Copart, IAA, or Manheim will not offer you a temp tag or have registration services for auction vehicles. However with insurance an a permit, this is possible. Your vehicle cannot be a salvage vehicle.

Buyer agrees to pay IAA a Dry Run fee equal to 1) $150.00 if transportation distance is 0-1,000 miles or 2) $250.00 if transportation distance is 1,001 miles or greater if Shipper cancels an order for transportation or redirects the order to a different location after 11:59.59 PM ET two calendar days before pickup.

You're liable for the deposit on auction day and the rest of the purchase price, plus fees, by the completion deadline (typically 28 days after the auction). If you can't pay the deposit, you may face legal consequences. The auction house and seller can demand that you pay the amount specified in your contract.

You cannot cancel a bid placed for an auction, but you can lower your maximum bid if the pre-bidding period has not closed and your maximum bid exceeds the current high bid. You cannot cancel a bid or lower your maximum bid at any time during the auction.

Creating a Public Buyer account gives you access only to inventory available to the public. Remember that even if a facility is open to the public, it does not mean all inventory is available for the public. While a buyer may be able to bid in Arkansas, one in California may need to use a broker.

If you don't pay, 96 hours from the end of the auction the seller can cancel the transaction citing buyer didn't pay. You will get an unpaid item strike placed against your account. 2 of those in a 12 month period will get you blocked from bidding and buying from hundreds if not thousands of sellers on eBay.

Payment. A registration fee of $200 is required at sign-up.

You can drive a car directly off the lot if you have insurance on it and have access to dealer tags. Otherwise, we recommend you either have Copart ship it to your business address or hire a third-party transporter to bring it to you.

How do I sell my car through IAA? ›

Cash/Cash Equivalent

This includes currency, money orders, cashier's checks, certified checks and traveler's checks. Payment for vehicles may be made with cash, and a daily limit of $500 per day, per branch. Cash equivalent payments can be made up to any amount per day per branch.

It's easy to register to bid and buy as an individual or licensed business buyer.

IAA, Inc. has been acquired by Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) creating a trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles. For any investor relations related questions or information, please view Ritchie Bros.

The payment deadline is 3 business days, including day of sale (funds must be received on Copart account within the 3-day period). If not paid within the 3 days, a $50 late fee is assessed on each vehicle.

Default and Late Payment Fees

In addition, Buyer will be charged a Late Payment Fee on all items purchased that have not been paid within five (5) business days after conclusion of a Purchase Contract.

A registration fee of $200 is required at sign-up.

In Person: Cash (up to $500), Money Order, or Certified Check made out to “ACSC”.