What percentage does a car auction house keep?
Car auction houses typically charge a buyer's fee, which is a percentage of the final purchase price. The buyer's fee varies from auction house to auction house, but it is typically between 5% and 10%. In addition, auction houses may also charge a seller's fee, which is typically a flat fee or a percentage of the final sale price. The seller's fee is usually lower than the buyer's fee, and it is often negotiable.