Frequently Asked Questions

Buyers may pay for their purchases through a company check, money order, certified check, wire transfer or credit card.

What credit cards are accepted?
Premier Assets accepts Visa, MasterCard and American Express.

How are the fees and commission owed by the seller reconciled with Premier Assets?
Premier Assets deducts both the commission and fees generated by a sale from the winning bid paid by the buyer.

Who is responsible for arranging the transport or rigging of equipment?
Both the buyer and seller are responsible for making arrangements to have equipment transported. Premier Assets is happy to provide referrals to buyers and sellers regarding qualified transportation professionals throughout the world.

Who is responsible for transport costs?
The buyer is responsible for any additional costs that may be incurred, such as rigging or transport fees.

Can I place a bid in a foreign currency?
No. All bids and offers must be made in U.S. Dollars. All dollar amounts are listed in U.S. Dollars.

What purchases are subject to sales or use tax?
Retail sales of tangible personal property in most states are generally subject to sales tax. Most states regard the auction of equipment “casual sale” sales tax would not be collected.

“Are sales and use tax rates and regulations the same between and among the different states?
No. Sales tax rates and regulations vary from state to state.

Where can I get assistance if I need it?
Please contact your local Premier Assets account executive or call (440) 285-7653 for assistance.