- If
I'm the winning bidder and decide that I don't want the vehicle,
do I still have to pay?
- Why
do I have to pay a fee to bid?
- Do
you charge a buyers fee?
- How
soon do I need to pay for the vehicles I won?
- If
I buy a vehicle will I get any type of warranty?
- Do
I have to be a dealer to buy on TowLot.Com?
- Do
I have to have high speed internet?
- Can
I look at the vehicles in person?
- Do
these vehicles have Titles?
- Are
there any hidden fees?
- I
was bidding on a vehicle, and now it's not there, what happened?
- What
does paperwork only mean?
- Will
I be notified if I win a vehicle?
- Do
I have to pay taxes?
- When
can I pick up my vehicle?
- I placed a bid, but it didn't show up.
What happened?
If
I'm the winning bidder and decide that I don't want the vehicle,
do I still have to pay?
Yes. Depending on the tow company you may be charged a renege
fee of $250 or more.
Why do I have to pay a fee
to bid?
A small fee reduces the likelihood that you will be competing
against bidders that do not intend to purchase the vehicle.
Do you charge a buyers fee?
TowLot.Com does not have any hidden fees, all you pay is your
membership fee. It is your responsibility to check with
the individual Tow Company to see what fees they have associated
with winning one of there vehicles.
How soon do I need to pay for my vehicles
I won?
It is your responsibility to check with each Tow Company to see how
soon after the auction
they need your payment.
If I buy a vehicle will I get any type
of warranty?
There are no warranties for any vehicles won on TowLot.Com unless
stated by Tow Company before auction has been won.
Do I have to be a dealer to buy
on TowLot.Com?
No, TowLot.Com is open to the public. Anyone can join and bid
on vehicles.
Do I have to have high speed internet?
High speed internet is not necessary. The auctions go through
two stages the pre bidding and then the lightning round at the end.
During the lightning round it moves very fast this is where the
high speed internet will come in handy. You may get left behind
if you do not have high speed internet.
Can I look at the vehicles
in person?
You will need to check with each individual Tow Company on there
viewing Times and Policies.
Do these vehicles have Titles?
You need to check with the tow company about vehicle titles, it
will be posted on there tow company page what there procedures are
concerning titles.
Are there any hidden fees?
Not by TowLot.Com. As a
Buyer it is your responsibility to check with each individual tow
company about fees that pertain to each vehicle you bid on.
I was bidding on a vehicle,
and now it's not there, what happened?
Owners or Leinholders can pick up vehicles at any time up until
the sale is over. If the vehicle has been removed from the web site,
it was most likely due to this reason. Also an error in the selling
process may require the vehicle to be pulled out of the sale and
placed in the next sale. We apologize for this inconvenience.
What does paperwork only mean?
The process in which most vehicles can be sold at tow lot does
usually include a possesesory lein, this is often referred to as
paperwork. It is paperwork that will allow you to receive the Title
to the vehicle in the state you purchase it in.
Will I be notified if I win a vehicle?
You will receive an email receipt that you should take to the
tow company. You can also check on the My Winning Bids Link.
Do I have to pay taxes?
Most tow lots do not require you to pay taxes. You should always
check with each individual tow company to see what taxes are applicable.
You will have to pay Local and state Taxes when registering the
vehicle, just as you would when you purchase any vehicle.
When can I pick up my vehicle?
You can check with each tow lot to see what there pick up hours
are. You will also need to see when the vehicles have to be removed
from each individual tow lot.
I placed a bid in the Lightning Auction, but it
didn't show up. What happened?
The system posts bids
in the order received. Internet connection speeds vary greatly,
and someone else's bid arrived first.
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