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- The first step in planning for one of our auctions is to obtain a verified means of payment prior to the auction.
- Personal or business checks with Letter of Guarantee from your bank. Substantive deviation of the sample will render the letter unusable for the purpose intended. Select
Letter of Guarantee for a sample. International/Canadian Checks are Not Accepted.
- Wire Transfer with Wire Transfer Letter of Guarantee from your bank. Substantive deviation of the sample will render the letter unusable for the purpose intended. Select
Wire Transfer Letter of Guarantee for a sample.
- Cashier's Check/Official Check/Money Order made out to Silver Auctions (minimum $4,000 will be held as a deposit)Balance of transaction is due the day of the auction in cash or cashier's check.
- JJ Best, financing available on-site. Pre-approval is strongly recommended. This option is available only when JJ Best is on-site. Please call Silver Auctions to confirm if they will be at the auction.
- AFC Financing Available
In addition, all bidders not providing an approved bank letter or other method listed above will need to sign a $5,000 credit card guarantee/hold to secure a bid pass. Please note: we do not take payment of cars with credit card, securing your bid pass with a credit card hold requires that the entire transaction is due the day of the auction in a wire, cash or cashier's check. An exception to the signing the $5,000 credit card guarantee would be to leave a $4,000 cash/cashier check deposit
NOTE***International/Canadian Checks are Not Accepted - Wire Transfer Letter of Guarantee or Cashier's checks are your best options.
- Next you must obtain a bid pass. Our auction
staff will issue a bid pass at the auction site.
We will need a copy of your driver's license,
social security number, current address, phone
numbers, and a guaranteed method of payment.
You will then be required to agree to the terms of our Bidding Contract.
A bid pass will then be issued to you with your
Contract can be accessed two different ways
on our web site. The contract can be read
online. Or a printable
version can be downloaded for you to complete
and return to Silver Auctions via fax (509-327-3059)
or mail (2020 N. Monroe, Spokane, WA 99205).
- You are now eligible to bid on your dream
car. You should thoroughly look over any
vehicle you are interested in before the car
reaches the auction block. You should also read
the description card, which is filled out and
signed by the owner of the vehicle. When the
car is on the auction block, place a bid by
simply raising your bid pass.
- If you are the successful bidder, you must
now finish some paperwork and pay for the vehicle
A 8% buyer's fee will be added to the bid price
along with any applicable taxes and titling
fees. Once forms are signed and payment is recieved, you can take
possession of your new purchase. The title will
be sent to you via certified mail on the eleventh
banking day after the auction (unless title delay is announced then we will provide a clear title but it may take up to 90 days).
Congratulations, you are now the proud owner
of a great collectible vehicle.