Is IAA auction legit?

Overall IAAI is a good company and place to buy vehicles. They are thorough on vehicle information however their new fee structure is outrageous making small businesses that purchase a few vehicles a year pay the same fees as non-licensed businesses.

How much does it cost to join IAA?

What is the registration fee? The yearly membership fee for Public and Licensed Business buyer accounts is $200. Additional bidders can be added to a Licensed Business buyer account for an annual cost of $100 per additional bidder.

Can the public buy from IAA?

You will be able to bid at facilities that are open to Public Buyers, on vehicles that can be sold to Public Buyers. Bid online at IAAI.com or onsite at an IAA branch. Just make sure to check your branch’s Public Buyer requirements. Click here to learn more about bidding at live auctions.

What happens if you dont pay IAA?

Renege Fee – In the event a buyer fails to pay for a vehicle within fourteen business days of sale, Buyer agrees to pay IAA the “Renege Fee” of $1,000 or 15% of sale price, whichever is greater. Any buyer that reneges on a second vehicle may have bidding privileges revoked. Vehicle Loading – A service fee applies.

How do I pay iaai?

Make payments online at IAAI.com and the IAA Buyer App….To add the secure digital I-Pay payment option to your account:

  1. Log in to IAAI.com and go to My Auction Center.
  2. On the ‘Profile’ tab, select Payment Methods.
  3. Select Sign-up for I-Pay.
  4. Enter the required information.
  5. Select Sign Up.

What do I need to buy from IAA?

Licensed Business Buyer: To register as a Licensed Business buyer complete the online Registration form and upload a valid government-issued photo ID (bearing your picture, signature and your home address), a copy of your business license, a notarized English translation of the business license (if the original was not …

How do I pay IAA?

IAA offers convenient Payment Methods including:

  1. Cash (up to $500 per day)
  2. Money Orders.
  3. Certified Funds.
  4. Wire Transfer – To pay by wire transfer, select the “Wire Transfer” option as your payment method and download the invoice for any pending charges to show your bank.

How do I pay in IAA?

Can I pay cash at IAAI?

Payment for vehicles may be made with cash, up to $500 per day per branch. Payment for vehicles awarded live must be made within reasonable proximity branch where the vehicle was awarded. Payments. Overpayments made in cash or cash equivalent on a transaction will be transferred to an IAA buyer via account credit.

Can you pay cash at IAAI?

Payment for vehicles may be made with cash, up to $500 per day per branch. Partial payments are not permitted for any cash or cash equivalent payment. Overpayments made in cash or cash equivalent on a transaction will be transferred to an IAA buyer via account credit.