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<blockquote data-quote="16colt" data-source="post: 4303813" data-attributes="member: 529"><p>Yes, I understand that auction services are a business trying to make money yet no one has explained this “buyer’s premium”. Still makes no sense to me.</p><p></p><p>Example:</p><p>I purchased a used gun from Cabela’s a few years ago. I paid the asking price shown on the gun along with tax - no buyer’s premium.</p><p>Did Cabela’s make money on this sale? You bet they did. I imagine the original owner of the gun got paid less than 70% of what Cabela’s sold the gun to me for.</p><p>Same thing with several farm actions I have gone to and made purchases at. Again, I paid for the items I purchased at the price the item was sold to me at the auction. Taxes were added to that price (taxes aren’t added if you have a farm tax number).</p><p></p><p>Back to the auction in this discussion. It just seems like “double dipping” to me.</p><p>Auction house charges a commission to the seller and then another fee on the buyer.</p><p></p><p>Questions:</p><p>1) When do “buyer’s premiums” come into affect? Is this a random thing or is there a set of rules out there somewhere defining just when to add? Like I mentioned in a previous post, I’ve made purchases through Ebay, Gunbroker, farm actions, and estate auctions - never paid a buyer’s premium.</p><p>2) Are you taxed on the buyer’s premium itself? If I pay $100 for the item w/ a 15% BP, am I taxed on $100 or $115.</p><p>3) Should we all start adding a “buyer’s premium” to any guns we have listed here on OSA?</p><p>…question 3 - <img class="smilie smilie--emoji" loading="lazy" alt="😂" title="Face with tears of joy :joy:" src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f602.png" data-shortname=":joy:" /> <img class="smilie smilie--emoji" loading="lazy" alt="😝" title="Squinting face with tongue :stuck_out_tongue_closed_eyes:" src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f61d.png" data-shortname=":stuck_out_tongue_closed_eyes:" /></p></blockquote><p></p>
[QUOTE="16colt, post: 4303813, member: 529"] Yes, I understand that auction services are a business trying to make money yet no one has explained this “buyer’s premium”. Still makes no sense to me. Example: I purchased a used gun from Cabela’s a few years ago. I paid the asking price shown on the gun along with tax - no buyer’s premium. Did Cabela’s make money on this sale? You bet they did. I imagine the original owner of the gun got paid less than 70% of what Cabela’s sold the gun to me for. Same thing with several farm actions I have gone to and made purchases at. Again, I paid for the items I purchased at the price the item was sold to me at the auction. Taxes were added to that price (taxes aren’t added if you have a farm tax number). Back to the auction in this discussion. It just seems like “double dipping” to me. Auction house charges a commission to the seller and then another fee on the buyer. Questions: 1) When do “buyer’s premiums” come into affect? Is this a random thing or is there a set of rules out there somewhere defining just when to add? Like I mentioned in a previous post, I’ve made purchases through Ebay, Gunbroker, farm actions, and estate auctions - never paid a buyer’s premium. 2) Are you taxed on the buyer’s premium itself? If I pay $100 for the item w/ a 15% BP, am I taxed on $100 or $115. 3) Should we all start adding a “buyer’s premium” to any guns we have listed here on OSA? …question 3 - 😂 😝 [/QUOTE]
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