How do deposits usually work after winning a machinery lot?
First industrial auction win. Agent wants a deposit before arranging freight. Normal process and what percentage should I expect?
26 votes
2 answers
4.2k views
asked 22 Sept 2024, 11:37 am by Jess M.
Share
Report
2 Answers
sorted by Votes
Best Answer ★
Common is 10–30% secured after win, applied to the purchase price. Get the amount and refund conditions in writing, especially around the post-delivery inspection window.
Don't wire random accounts — stick to the process the Sales Agent documents. Keep timestamps of every instruction.