Buyer Questions
What is a Buyer's Fee?
The Buyer's Fee is a 5% charge applied to the winning bid amount at the close of the auction. It is separate from the final sale price and is paid in addition to the amount owed to the seller.
Does the Buyer's Fee go toward the vehicle price?
No. The Buyer's Fee is separate from the vehicle's final sale price and is paid in addition to the amount agreed upon between buyer and seller.
What happens after I win an auction?
- Auction closes and winning bid is confirmed
- 5% Buyer's Fee is captured
- Contact information exchanged between buyer and seller
- Buyer has 7 days to complete full payment to the seller
How long do I have to complete the purchase?
Buyers are expected to complete full payment to the seller within 7 days of the auction closing.
Is the Buyer's Fee refundable?
The Buyer's Fee is refundable if the seller backs out of the transaction. It is non-refundable if the buyer backs out or fails to complete payment within the 7-day window.
What if the seller backs out?
If the seller fails to move forward after the auction closes, the buyer's 5% Buyer's Fee is fully refunded.
What if I decide not to proceed after winning?
If a buyer chooses not to move forward after winning an auction, the Buyer's Fee is non-refundable and the transaction may be cancelled.
Can I inspect the vehicle before final payment?
Yes. Buyers are encouraged to ask questions, request documentation, and coordinate inspections directly with the seller after contact details are exchanged.
Who handles payment and paperwork?
Street Car Market does not handle vehicle payments or paperwork. All final payment and title transfer is completed directly between buyer and seller.
Why is there a Buyer's Fee at all?
The Buyer's Fee ensures every bidder on the platform is serious and financially committed. It filters out tire kickers, protects sellers from bad faith bids, and funds the curation and promotion that makes Street Car Market worth listing on.