YOUR DIRECT ONLINE SOURCE FOR LOCALLY REPOSSESSED VEHICLE INVENTORIES
FEES: (RepoSoup encourages bidders to read all applicable fees listed below):
All buyer payments must be made with CASH, CASHIERS CHECKS, OR CREDIT CARDS. ABSOLUTELY NO PERSONAL CHECKS. We accept Visa and MasterCard credit cards. A 3.5% convenience charge will be added for use of all credit cards and/or debit cards. If you are a dealer: buyer's, Document/Lot, and storage fees still apply per item (please see below for more details).
1. BUYERS FEE (PER ITEM): $175.00 or 8.5% of sales price whichever is greater (not to exceed $1,500.00)
2. LOT FEE: $200.00 PER ITEM PURCHASED
3. STATE SALES TAX (depends on year and type of vehicle)
A. Vehicle(s) that are 10 years old or older and priced at $2,999.99 or lower will have a flat $10.00 for sales tax.
B. Vehicle(s) that are 10 years old or older and priced at $3,000.00 or higher will have a 6.875% (of sale price).
C. All other vehicles (cars, trucks, motorcycles, boats, snowmobiles, trailers, RV's, etc...) will be 6.875% (of sale price).
D. ORV (Off Road Vehicles) have no sales tax.
4. MOTOR VEHICLE TITLE TRANSFER: $48.50
5. WATERCRAFT TITLE TRANSFER: $17.00
6. WATERCRAFT REGISTRATION:
A. Personal Watercraft $51.00
B. Boats less than 17' $31.50
C. Boats over 17' up to 19' $40.50
D. Boats over 19' but less than 26' $58.50
E. Boats 26' but less than 40' $81.00
F. Boats over 40' $103.50
7. TABS: $35.00 to $500.00 depending on the vehicle's year of manufacture and if it has current tabs. Please contact us if you need this information. Email customercare@reposoup.com or call 612.568.7717
8. TRANSIT IMPROVEMENT TAX: The State of Minnesota has imposed a Transit Improvement Excise Sales tax of $20.00 for all sales of Motor Vehicles.
9. WHEELAGE TAX: A $20.00 wheelage tax will be charged for vehicles kept in Anoka, Carver, Dakota, Scott and Washington counties. Motorcycles, two-wheeled motorized vehicles (motorized bicycles and electric-assisted bicycles), and trailers are exempt from the wheelage tax.
10. EXPEDITED TITLING: Average turn around time to receive your title from the state is 12 to 14 weeks. For $20.00 your title can be filed 'expedited' to insure arrival from the state in approximately 2 weeks from the sale date.
11. PLATES: $15.50 if needed.
12. DEPOSITS: If you can't pick up your vehicle(s) by Friday (the day after the auction ends) between 9:AM and 7:PM. A deposit of 25% or $200 (whichever is greater) will hold your vehicle(s) until the following Monday up to 4:30 PM.
13. STORAGE: A storage fee of $25 per day will be applied for Saturday and Monday following the auction (if you pick up any time Saturday, that's a $25 storage fee. If you pick up any time Monday, that's a $50 storage fee). When high bid does not meet reserve and becomes an "if" bid, then storage fees for Saturday are waived if high bid is accepted by financial institution by Friday (please see "Terms and Conditions" for more information).
If you want to pick up on Saturday, YOU NEED TO CONTACT US to make arrangements.
IF YOU, THE WINNING BIDDER, IN ANY WAY INFORMS REPOSOUP THAT YOU ARE " BACKING OUT" OF YOUR RESPONSIBILITY TO PURCHASE EACH ITEM WON, OR YOU DO NOT PAY AND PICK UP YOUR VEHICLE(S) BY 7:PM FRIDAY OR YOU HAVE NOT MADE A DEPOSIT OF 25% OR $200 (WHICHEVER IS GREATER) PER ITEM WON, OR HAVE NOT MADE ANY ATTEMPT TO CONTACT REPOSOUP.COM, YOU WILL FORFEIT ANY RIGHTS YOU MAY HAVE TO THE ITEM(S). YOU WILL ALSO BE CHARGED A $200 RE-PROCESSING FEE FOR EACH ITEM WON AND MAY NOT BE ALLOWED TO PARTICIPATE IN ANY FUTURE AUCTIONS.
REPOSOUP STRIVES TO INSURE ALL FEES LISTED ON THIS SITE ARE UP TO DATE AND ACCURATE BUT SOME MAY BE UNINTENTIONALLY MISSING OR INACCURATE. WE WILL CORRECT SUCH DESCREPANCIES IN A COMMERCIALLY REASONABLE TIME UPON CUSTOMER NOTIFICATION OF SUCH ERRORS OR OMISSIONS BUT FEE ERRORS ARE CONSIDERED INVALID AND MAY OR MAY NOT BE HONORED.
REPOSOUP RESERVES THE RIGHT TO STOP THE BIDDING OR REMOVE ANY AUCTION OR ANY BUYER FOR ANY REASON AT ANY TIME.