# Complete Dealership Auction - John Naretto Buick

**URL:** <https://forums.speedlife.net/t/complete-dealership-auction-john-naretto-buick/200771>\
**Category:** PittSpeed Off Topic\
**Created:** [November 21, 2008, 5:34am UTC](https://forums.speedlife.net/t/complete-dealership-auction-john-naretto-buick/200771 "2008-11-21T05:34:13Z")\
**Posts on this page:** 1\
**Showing post:** 9

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**Author:** ![PoisonousBeef](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/poisonousbeef/32/6007_2.png) [@PoisonousBeef](https://forums.speedlife.net/u/PoisonousBeef)\
**Post date:** [November 22, 2008, 5:33am UTC](https://forums.speedlife.net/t/complete-dealership-auction-john-naretto-buick/200771/9 "2008-11-22T05:33:56Z")

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> [@Thanksgivin eve? Where ya goin?! 21+](https://forums.speedlife.net/t/thanksgivin-eve-where-ya-goin-21/38779/46):
>
> What does the 10% buyer’s premium mean? You pay an additional 10% over the winning bid?

That’s exactly what it means. It’s calculated from your bid, but goes to the auction company instead of the seller.

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