Snap On Brake Lathe Online Government Auctions of Government Surplus

Our Buyers Fees

With Municibid, pricing is clear, up-front and transparent. A buyer's fee (% of the winning bid amount) will be charged directly to the winning bidder upon the close of each auction via the credit card you entered prior to placing the bid. You pay the selling agency directly for the full cost of the item. (unless otherwise noted)

All Buyers fee's are aggregate unless otherwise noted. This means after you cross certain price thresholds you will pay a different buyers fee for the remaining amount. See below for an example.

Example:

If buyers fee is 8% for bids up to $99,999.99, 5% for bids $100,000 - $499,999.99, and 4% for bids over $500,000.

Winning bid: $50,000: = Buyers fee: $4,000 (8% of $50,000).
Winning bid: $150,000: = Buyers fee: $10,500 (8% of $100,000 = $8,000) + (5% of $50,000 = $2,500).
Winning bid: $550,000: = Buyers fee: $30,000 (8% of $100,000 = $8,000) + 5% of $400,000 = $20,000) + (4% of $50,000 = $2,000).

Where can I see what the buyers fee is?

The current buyers fee will always be shown on the page of the listing under the current price in both the bid area and auction details area. You will also see the buyers fee amount you will pay for your entered bid on the page where you confirm your bid.

What if the selling agency rejects my bid?

If the government agency rejects your bid (they reserve the right to do so) your buyer's fee will be returned, in full, to you within 5 days of notification to Municibid of the rejected bid by the governing body.

Bidding Increments

Please Note: Bid increments automatically adjust based on the level of the current bid. The increments are as follows:

If amount is greater than or equal to	The bid increment will be
$0.00	$1.00
$100.00	$10.00
$500.00	$25.00
$1000.00	$50.00
$2500.00	$100.00

**If there is a reserve on an item, your bid will go to the lessor of either your maximum bid or the reserve price.

FAIR WARNING ALL SALES ARE FINAL. You are legally obligated to pay for your item per the terms of the seller if you are the high bidder at the close of auction. If you do not pay for your item, you will not receive a refund of your buyer's final sale fee, you will no longer be permitted to bid on municibid.com and will be subject to a penalty of 40% of the winning bid amount. If your credit card is declined for insufficient funds, you will be charged a $50 fee.

Our Buyers Fees

With Municibid, pricing is clear, up-front and transparent. A buyer's fee (% of the winning bid amount) will be charged directly to the winning bidder upon the close of each auction via the credit card you entered prior to placing the bid. You pay the selling agency directly for the full cost of the item. (unless otherwise noted)

All Buyers fee's are aggregate unless otherwise noted. This means after you cross certain price thresholds you will pay a different buyers fee for the remaining amount. See below for an example.

Example:

If buyers fee is 8% for bids up to $99,999.99, 5% for bids $100,000 - $499,999.99, and 4% for bids over $500,000.

Winning bid: $50,000: = Buyers fee: $4,000 (8% of $50,000).
Winning bid: $150,000: = Buyers fee: $10,500 (8% of $100,000 = $8,000) + (5% of $50,000 = $2,500).
Winning bid: $550,000: = Buyers fee: $30,000 (8% of $100,000 = $8,000) + 5% of $400,000 = $20,000) + (4% of $50,000 = $2,000).

Where can I see what the buyers fee is?

The current buyers fee will always be shown on the page of the listing under the current price in both the bid area and auction details area. You will also see the buyers fee amount you will pay for your entered bid on the page where you confirm your bid.

What if the selling agency rejects my bid?

If the government agency rejects your bid (they reserve the right to do so) your buyer's fee will be returned, in full, to you within 5 days of notification to Municibid of the rejected bid by the governing body.

Bidding Increments

Please Note: Bid increments automatically adjust based on the level of the current bid. The increments are as follows:

If amount is greater than or equal to	The bid increment will be
$0.00	$1.00
$100.00	$10.00
$500.00	$25.00
$1000.00	$50.00
$2500.00	$100.00

FAIR WARNING ALL SALES ARE FINAL. You are legally obligated to pay for your item per the terms of the seller if you are the high bidder at the close of auction. If you do not pay for your item, you will not receive a refund of your buyer's final sale fee, you will no longer be permitted to bid on municibid.com and will be subject to a penalty of 40% of the winning bid amount. If your credit card is declined for insufficient funds, you will be charged a $50 fee.

Starting Bid: $1.00
Current Price: $600.00
Buy Now Price	$0.00
Reserve Price Met
Buyer's Fee: 9.00%

Start Date
End Date	[Extended]
Bid History	35 Bid(s)
High Bidder	c********m
Page Views	2511

Will Item results be voted on	Unsure
Will you ship this item	No. Pickup only.
In person item inspection information	Item can be inspected Monday – Friday 6am-2pm at Penn College General Services, 2245 Reach Road, Williamsport, PA. (Inside motorpool area at the rear of the building)

Snap On Brake Lathe

Listing Number: 27508476 | Williamsport, PA US | Pennsylvania College of Technology 13 Seller's Other Auctions

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Auction Ended:

Final Bid:

$600.00

Bids:

35 Bids

Auction Details

Payment Details

Item Description

Additional information on this Auction

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Item location This location is a general area based on the sellers zip code. It is not the specific address where the item is located.