The cost of entering a vehicle in Mecum Auctions varies depending on the type of auction and the value of the vehicle. Generally speaking, the cost to enter a car in a Mecum auction ranges from a few hundred dollars to over $7,000 in some cases. The cost to enter a car in an annual Mecum auction can range from $500 to $7,500. The cost to enter a car in a one-day auction can range from $200 to $2,500.
The cost to enter a car at Mecum is based on the car’s estimated value. Lower valued cars can enter for a low fee, while higher valued cars may require a higher fee. Mecum also offers packages for sellers that include transportation, marketing, and other services. These packages can add to the cost of entering a car in a Mecum auction.
In addition to the entry fee, Mecum also charges a commission for each car sold. This commission is generally 10-15% of the final sale price. This fee is paid by the seller. The commission fee is the same for all Mecum auctions, regardless of the value of the car being sold.
In some cases, Mecum also offers buyers premiums. These are additional fees paid by the buyer of the vehicle. The buyer premium varies depending on the auction, and can range from 2-10% of the final sale price. In most cases, the buyer premium is paid in addition to the sale price of the vehicle.
Finally, all Mecum auctions require payment of a registration fee. This fee is paid by all bidders and buyers, regardless of whether or not they purchase a vehicle. Generally speaking, Mecum registration fees range from $50 to $100.
In summary, the cost to enter a car in a Mecum auction varies depending on the type of auction and the value of the car. Generally speaking, the cost to enter a car in a Mecum auction ranges from a few hundred dollars to over $7,000 in some cases. Additionally, Mecum also charges a commission fee and buyer premiums in some cases, and all auctions require payment of a registration fee.
Cost Of Entering A Car In Mecum Auctions
If you’re wondering what it costs to enter a car in Mecum Auctions, the answer is: it depends. Mecum has a variety of entry fees depending on the type and condition of the car you’re submitting. Here’s a quick overview of the costs associated with entering a vehicle in Mecum Auctions.
The first cost you’ll encounter when entering a car in Mecum Auctions is the buyer’s premium. This fee is variable depending on the seller’s arrangement. It’s typically 10% of the winning bid, and can range from 5-12%.
You’ll also need to pay an entry fee. This is a one-time fee that is non-refundable and charged per vehicle entered. The cost of the entry fee varies and is determined by the valuation of the car. It generally ranges from $250 – $1,500, depending on the value of the vehicle entered.
In addition, you’ll need to pay a minimum commission fee. This is a flat fee of $400, regardless of the value of the car. You may also choose to pay a higher commission fee, and the amount is often based on the sale price of the vehicle. It can range from 10-15%, depending on the agreement made.
Finally, you’ll also need to pay a handling fee. This is a one-time fee of $50 per vehicle, and is non-refundable.
| Cost | Description | Fee |
|---|---|---|
| Buyer’s Premium | 10% of the winning bid | Varies |
| Entry Fee | Per vehicle entered | $250 – $1,500 |
| Minimum Commission | Flat fee | $400 |
| Commission | Percentage of sale price | 10-15% |
| Handling Fee | Per vehicle entered | $50 |
When entering a car in Mecum Auctions, it’s important to factor in the various costs associated with the process. The costs listed above are just an overview, and it’s best to speak to a Mecum representative to get a better understanding of the fees that will be applicable to you.
What Is The Price Of Entering A Vehicle In Mecum Auctions?
If you’re looking to enter a vehicle into a Mecum auction, you’ll want to know the cost of entering a vehicle. Mecum Auctions is an auction house that specializes in the sale of classic cars, muscle cars, and collector cars. While the cost to enter a vehicle into a Mecum auction can vary, there are some general guidelines that can help you understand the costs involved.
First and foremost, all vehicles being entered into a Mecum auction must pass a safety inspection and be approved for sale. The cost of the inspection and sale approval is typically built into the cost of entering the vehicle, and can range from $150 to $300 depending on the complexity of the vehicle. Additionally, all vehicles must be registered with the auction house in order to be listed in the catalog. This registration fee is usually between $150 and $250.
Once a vehicle has been registered and approved for sale, there may be other costs associated with entering a vehicle into a Mecum auction. The auction house charges both a seller’s premium and a buyer’s premium for each vehicle. The seller’s premium is typically 10% of the final selling price of the vehicle, and the buyer’s premium is typically 5% of the final selling price. Additionally, Mecum charges a transfer fee of $100 for each vehicle sold, and a processing fee of $50 for each vehicle entered into the auction.
In addition to the fees listed above, there may also be additional costs associated with entering a vehicle into a Mecum auction. Depending on the size of the auction, the auction house may charge a fee to transport the vehicle to the auction site. Additionally, the vehicle may need to be detailed or repaired prior to the auction, and these expenses must also be taken into account when calculating the cost of entering a vehicle into a Mecum auction.
In short, the cost of entering a vehicle into a Mecum auction can vary depending on the complexity of the vehicle, the size of the auction, and any additional costs associated with preparing the vehicle for sale. On average, the costs associated with entering a vehicle into a Mecum auction can range from $500 to $2,500.
The following table summarizes the costs associated with entering a vehicle into a Mecum auction:
| Cost | Description | Amount |
|---|---|---|
| Safety Inspection & Sale Approval | Inspection and approval for sale of vehicle | $150 – $300 |
| Registration Fee | Fee to register vehicle with the auction house | $150 – $250 |
| Seller’s Premium | Percentage of final selling price paid to the auction house | 10% of final selling price |
| Buyer’s Premium | Percentage of final selling price paid to the buyer | 5% of final selling price |
| Transfer Fee | Fee paid by buyer to transfer title of vehicle | $100 |
| Processing Fee | Fee paid by seller to process the vehicle for sale | $50 |
| Additional Charges | Additional costs associated with transporting and/or preparing the vehicle for sale | Varies |
As you can see, there are several costs associated with entering a vehicle into a Mecum auction. It is important to take these costs into consideration when deciding whether or not to enter a vehicle into a Mecum auction. With the right preparation and understanding of the costs involved, entering a vehicle into a Mecum auction can be a rewarding and profitable experience.
The cost to enter a vehicle at Mecum typically ranges from $1,000 to $2,500 depending on the car.
Most registration fees for a car at Mecum are $395.
Yes, there is a fee to list a car in Mecum, which is typically $295.
The cost to transport a car to Mecum depends on the size and distance, but typically ranges from $500 to $2,000.
Yes, Mecum typically charges $295 for advertising a car.
The cost to detail a car for Mecum varies, depending on the size and condition of the car, but can range from $200 to $500.
Yes, Mecum typically charges $2 per day for storage of a car.
The cost to have a car appraised for Mecum varies depending on the type of appraisal, but can range from $100 to $500.
The cost to photograph a car for Mecum typically ranges from $200 to $500.
The cost to reserve a car in Mecum is typically $100.