
Originally Posted by
djones36987
Be very aware as well that the weights that are listed a approximate. Looked at several auctions and after a little research realized the listed weight was off by several thousand lbs. Also don't forget to figure in pallets, boxes and other waste in the amount. And one more thing to remember is the 10% auction premium that you have to pay above you bid.
Personally haven't had much luck with the auctions. Everybody is paying a lot more for everything than we can even get for it and that isn't taking into consideration transportation and profit. Not exactly sure how anyone is making money on these auctions.
You really have to be careful with the premium. I haven't paid a premium on anything I bought from the government. The government does NOT charge a premium or tax. What is happening is there are 3rd party websites that link and will bid for you, then charging you a premium, which is how they stay in business. Go strait to the Gov website and you only pay what you bid.
Q: Do I have to pay sales tax or a buyer’s premium on anything I buy on GSA Auctions?
A: The U.S. Government is not responsible for collection of State taxes. Sales tax is not on any items you purchase; successful bidders on GSA Auctions only pay for the high bid amount that they are awarded. Sales tax is an issue handled by each state, especially for items that have to be registered, such as vehicles. You will not be charged a buyer’s premium. However, purchasers of Federal personal property may be subject to payment of state sales and/or use tax and may obtain information from a State tax office. Sales and/or use tax officials are permitted to examine records of Federal personal property sales to determine tax liability.
GSA Auctions, General Services Administration, Government Site for Auctions
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