Fees & Payments
Registration Fee: $0
Security Deposit is 10% of your maximum bid or a minimum of $600. We take security deposits via Zelle, Venmo, wire transfer, or cashier’s check.
We charge a $25 bid fee per lot.
In the event you do not win the auction and want a refund of your deposit, we keep $50 for our broker fee and refund you the remainder of your deposit.
These fees are controlled by Copart and are expected to be paid immediately after winning the auction:
Copart fee is based on the sale price at auction
(See Fee Schedule on Copart’s website, https://www.copart.com/member-fees-us-licensed/)
*Fees vary between Clean and Non-Clean titles, as well as standard vs. heavy vehicles
Bid Fee for bidding in online auction is $140 (could be less depending on auction)
Gate fee $80
** Copart charges a $50 late fee if funds are not paid within 48 hours
Broker fee $250
Documentation Fee $350
Overnight title (customers outside of IL) $28
Temporary plate $75 (clean titles only, customers outside of Illinois)
If you are registering in Illinois, we will issue permanent plates and collect taxes as well.
For any salvage title vehicles, IL residents are to go through the dealership for repairs and Salvage Inspection with the state which has a fee of $750. Estimates on necessary work are provided once the vehicle reaches our facility. Once the vehicle passes the Salvage inspection, we will request a rebuilt title from the State of Illinois which takes about 3 weeks to be received from the state.
If the lot is not paid in full within 8 calendar days (including the day of sale), the vehicle will be relisted. The Relist Fee will be 10% of the final sale price with a minimum of $600.
If you have a deposit on file, the relist fee will be taken out of your existing deposit.
You are responsible for any late fees, storage fees and any other ancillary fees incurred during the purchase process.
Here is a link to our Terms and Conditions page, https://www.copart.com/content/website/data/graphics/copart/reseller/knb_motors_tac.pdf.