New IAAI payment policy

Good afternoon!
We would like to inform you that from 01.06.2025, the IAAI auction is introducing new rules for crediting payments to the account balance. Starting from next month, funds can only be credited to the balance from the company’s account, and transfers made from other accounts will be rejected and the funds will be returned to the sender. If you make payment with the help of our partners, there are no changes, but sending funds directly to the IAAI account balance will become impossible. In this case, please send funds to the company’s account (transfer details can be obtained in personal messages). Thank you for your understanding!

Storage fee

How to calculate possible storage fees:

 

Larus Logistics company covers storage fees which that are set AFTER three WORKING days from the moment when the payment is received by the auction. Larus Logistics company does not provide financial services, so the company is not responsible for the speed of funds transfer. You can use your own payment methods. However, take into account that our exchangers can provide more interesting tariffs, since our cooperation is carried out under special conditions.

 

The conditions of storage fee setting. Copart and IAAI.

Copart:

1. Take this lot as an example: https://www.copart.com/lot/74825983/salvage-2019-audi-q5-premium-plus-tx-austin

Storage fee

2. Use the link to the location page where the car is located. To do this, scroll down the page and click on the blue inscription with the name of the location  https://www.copart.com/locations/austin-tx-62

Storage fee

Storage fee
3. After that, scroll the page and select the “Storage Fees”.

Storage fee

4. The table shows two columns depending on the method of winning. Storage fees may be set for weekends and holidays unless it is first three days for online bidding or the first two days for “Buy Now”. To calculate the amount of storage fees, you should take into account the total number of the storage days.

Please not that different locations have different storage fee politics.

5. The term of payment on Copart is 3 business days, including the day of sale. If the payment does not reach Copart by the deadline, late payment penalty will be set ($50).

https://www.copart.com/Content/us/ru/support/how-to-buy/pay-and-pick-up?intcmp=web_footer_buying_ru

Storage fee

ІААІ:
1. Take this lot as an example: https://www.iaai.com/VehicleDetail/39533439~US

Storage fee

2. Use the link to the location page where the car is located. To do this, scroll down the page to SALE INFORMATION section and click on the inscription with the name of the location near “Selling Branch”.

Storage fee

Storage fee

3. After that, scroll the page to the “Days to Pick Up” section and look at the cost of one parking day and, Storage Fee and Number of free storage days. Please not that different locations have different storage fee politics.

Storage fee

4. Take into account that the payment term for different locations may differ, you can check this information in the Days to Pay section. In this example, it is stated that the vehicle should be paid by 17:00 of the 4th day from the winning day. If the payment not reach IAAI, then $50 or 2% of vehicle price (the highest of two) fee will be charged.

Storage fee

Use this link for MORE: https://drive.google.com/file/d/118x9X6eEG7n6hoNdR6kOWrnlmo2C3Xyr/view?usp=sharing

Compensation for damages during transportation of the vehicle.

COMPENSATION FOR DAMAGES WHEN TRANSPORTING THE VEHICLE

  • The risk payment is 1% of the value of each vehicle, including the auction commission.
  • The deductible is the amount in hryvnias, which is equivalent to 100 US dollars at the hryvnia equivalent exchange rate according to the National Bank of Ukraine on the day of signing this Disclaimer.
  • The amount of damage that does not exceed the specified amount of the deductible is not compensated.
  • If additional damage is detected, the payment amount is calculated minus the deductible.
  • The company is not responsible for the following damages:
  • damages that were not visible in the auction photos at the time of purchase;
  • minor chips and scratches that could not be detected in the auction photos;
  • damages to the bottom of the vehicle and thresholds of the vehicle;
  • damages to vehicle tires and wheels;
  • damages that were caused by parts that were improperly and/or incompletely and/or not in factory order attached to the vehicle at the time of purchase;
  • damages to the windshield of the vehicle due to the fact that the vehicle was damaged in the front and/or rear part, due to which the locking mechanism of the trunk lid and/or hood was damaged, which impaired the technical functions of the vehicle;
  • Scratches and minor damages to the bumpers received during transportation.
  • Non-refundable:
  • the absence of the ignition key of the vehicle, which was not visible in the photos of the auction;
  • the absence of a second vehicle ignition key;
  • appearance of fungus and/or mold in the vehicle cabin during transportation;
  • the absence of car mats, other accessories;
  • the absence of parts that were improperly and/or incompletely and/or not in factory order attached to the vehicle at the time of purchase;
  • According to this Disclaimer, compensation for damage, destruction or loss of the vehicle does not apply in the following cases:
  • any kind of military actions or military measures and their consequences, as well as as a result of terrorist actions, civil war, civil unrest and strikes, confiscation, requisition, arrest or destruction of a vehicle at the request of military or civil authorities;
  • direct or indirect exposure to an atomic explosion, radiation, radioactive radiation or radioactive contamination associated with any use of nuclear energy and the use of fissile materials;
  • confiscation, arrest or other seizure carried out by law enforcement or other authorized bodies (customs, border or other) of civil or military authorities;
  • misappropriation of vehicle (obtaining ownership of the vehicle) by deception or abuse of trust (fraud), by extortion;
  • structural or natural wear and tear of parts, units and units of the vehicle;
  • short circuit of electrical wiring and electrical equipment, including if this led to a fire in the vehicle;
  • impact of cargo, animals, birds and insects that were in the interior/cabin/body of the vehicle;
  • destruction or damage to mechanisms, equipment, engines as a result of their internal damage not caused by external factors, explosions occurring during the work process in internal combustion engines, foreign objects and substances entering the engine or internal cavities of units for any reason;
  • water hammer (damage to the vehicle engine caused by water or other liquid entering the engine cylinders through its air filter and subsequent compression of this liquid during engine operation).
  • The company does not refund:
  • expenses for fuel and lubricants, detergents, filter materials, refueling process fluids and gases, brake pads;
  • the cost of repair and maintenance of the vehicle and/or its individual components and parts, which are not specified as grounds for payment;
  • the cost of works related to the reconstruction or conversion of the vehicle, repair or replacement of individual parts and equipment due to their wear, technical defects, etc.;
  • the cost of additional equipment, not specified in the auction description or other sources of data about the vehicle, and its installation work;
  • unjustified costs, namely: the cost of replacement instead of repair of vehicle units and assemblies due to the lack of necessary spare parts and parts for the repair of these units in repair enterprises;
  • cost of replaced parts if they can be restored;
  • loss of operational qualities of the vehicle;
  • loss, theft or damage to decorative wheel caps and vehicle license plates;
  • loss, theft or damage of the ignition key(s), charger for electric cars and hybrid cars;
  • loss, theft or damage to a set of tools, a fire extinguisher, an emergency stop sign, tires, wheel rims, emblems (logos) of a vehicle, wiper blades, wheel nuts, a jack, a wrench, a spare wheel, and wheel caps, audio equipment, a key;
  • The company does not refund any indirect damages, losses and costs, including fines, penalties, lost or unreceived profits/benefits, bank service costs, costs of storing the vehicle on the territory of the penalty area, warehouse, court costs, costs , related to the registration and deregistration of the vehicle, the amount of taxes, fees and other mandatory payments, moral damage, loss of the commercial value of the vehicle.

Type of title – Buy or NOT


Type of title – Buy or NOT


Alabama

AL – CERTIFICATE OF TITLE – YES
AL – CERTIFICATE OF TITLE-SALVAGE TITLE – YES
AL – CERTIFICATE OF TITLE- PARTS ONLY – NO
AL – BILL OF SALE – NO

Arizona

AZ – CERTIFICATE OF TITLE – YES
AZ – NON-REPAIRABLE – YES
AZ – DLR/DIS/EXP-CT OTHERS-CA ACQUI – NO
AZ – CERT OF TITLE – SALVAGE – YES

Arkansas

AR – CERTIFICATE OF TITLE – YES
AR – CERTIFICATE OF TITLE- SALVAGE – YES
AR – PARTS ONLY CERTIFICATE – NO
AR – BILL OF SALE – NO

California

CA – CERTIFICATE OF TITLE – YES
CA – LIEN PAPERS-CLEAN OR ACQUISITION – NO
CA – NON-REPAIRABLE – YES
CA – SALVAGE CERTIFICATE – YES
CA – APP FOR DUP CLEARN OR AC – NO
CA – ACQ BOS – POST SALE – SALVAGE – NO
CA – CERTIFICATE OF TITLE OR SALVAGE ACQ – NO
CA – SALVAGE ACQUISITION BILL OF SALE – NO
CA – NON-REPAIRABLE VEHICLE CERTIFICATE – YES

Colorado

CO – CERTIFICATE OF TITLE – YES
CO – SALVAGE TITLE – YES
CO – BILL OF SALE-PARTS ONLY – NO
CO – BILL OF SALE – NO

Connecticut

CT – CLEAR – YES
CT – CERTIFICATE OF TITLE – YES
CT – AFFIDAVIT OF COMPLIANCE H-78 – NO
CT – CERTIFICATE OF TITLE- PARTS ONLY SALVAGE – NO
CT – BILL OF SALE – NO

Delawere

DE – CERTIFICATE OF TITLE – YES
DE – SALVAGE CERTIFICATE – YES
DE – BILL OF SALE – NO

Florida

FL – CERTIFICATE OF TITLE – YES
FL – DERELICT VEHICLE CERTIFICATE – NO
FL – CERTIFICATE OF TITLE SALVAGE – YES
FL – CERT OF TITLE SLVG REBUILDABLE – YES
FL – CERTIFICATE OF DESTRUCTION – YES (BUT note that there may be problems during transportation in Europe, supplement – 150€)
FL – DLR ONLY CERT OF DESTRUCTION – YES (BUT note that there may be problems during transportation in Europe, supplement – 150€)
FL – BILL OF SALE – NO

Georgia

GA – CERTIFICATE OF TITLE – YES
GA – NON SALVAGE PARTS/PARTS ONLY – NO
GA – DERELICT BOS/PARTS ONLY – NO
GA – CERTIFICATE OF TITLE SALVAGE – YES
GA – TITLE TBO/REPO/PREV HIT/UNKN HIST/DLR/AUTO CHECK – NO
GA – REPOSSESSION PAPERWORK – YES
GA – BILL OF SALE – PARTS ONLY – NO

Idaho

ID – CERTIFICATE OF TITLE – YES
ID – CERTIFICATE OF TITLE SALVAGE – YES
ID – FOR JUNK ONLY – NO
ID – BILL OF SALE – NO

Illionois

IL – CERTIFICATE OF TITLE – YES
IL – SALVAGE CERTIFICATE – YES
IL – JUNKING CERTIFICATE OF A VEHICLE – NO
IL – BILL OF SALE – NO

Indiana

IN – CERTIFICATE OF TITLE – YES
IN – CERTIFICATE OF TITLE SALVAGE – YES
IN – BILL OF SALE – PARTS ONLY – NO
IN – BILL OF SALE – NO

Iowa

IA – CERTIFICATE OF TITLE – YES
IA – CERTIFICATE OF TITLE- SALVAGE TITLE – YES
IA – JUNK CERTIFICATE – NO
IA – BILL OF SALE – NO

Kansas

KS – CERTIFICATE OF TITLE – YES
KS – CERTIFICATE OF TITLE- SALVAGE – YES
KS – NON-REPAIREBLE VEHICLE CERTIFICATE – YES
KS – ELECTRONIC CERT OF TITLE – NO
KS – BILL OF SALE – NO

Kentucky

KY – CERTIFICATE OF TITLE – YES
KY – CERTIFICATE OF TITLE- SALVAGE – YES
KY – REGISTRATION BILL OF SALE – NO
KY – BILL OF SALE/PARTS ONLY/NO TITLE – NO

Louisiana

LA – CERTIFICATE OF TITLE – YES
LA – CERTIFICATE OF TITLE- SALVAGE – YES
LA – PERMIT TO SELL – NO
LA – CERTIFICATE OF DESTRACTION – YES

Maine

ME – CERTIFICATE OF TITLE – YES
ME – CERTIFICATE OF TITLE SALVAGE – YES
ME – CERT OF TITLE-SALVAGE COLLISIO – YES
ME – BILL OF SALE – NO

Maryland

MD – CERTIFICATE OF TITLE – YES
MD – SALVAGE – GREATER THAN 75% – YES
MD – VR-112 – NO
MD – CERTIFICATE OF TITLE SALVAGE – YES
MD – PARTS ONLY-NO TITLE LETTER – NO
MD – BILL OF SALE – NO

Massachussets

MA – CERTIFICATE OF TITLE – YES
MA – CERT OF TITLE-PARTS ONLY SALVA – NO
MA – CERTIFICATE OF TITLE SALVAGE – YES
MA – BILL OF SALE – NO

Michigan

MI – CERTIFICATE OF TITLE – YES
MI – CERTIFICATE OF TITLE- SALVAGE VEHICLE – YES
MI – SCRAP CERTIFICATE OF TITLE – NO
MI – BILL OF SALE – NO

Minnesota

MN – CERTIFICATE OF TITLE – YES
MN – CERTIFICATE OF TITLE- PRIOR SALVAGE – YES
MN – PARTS VEHICLE BILL OF SALE – NO
MN – CERTIFICATE OF TITLE- SALVAGE – YES
MN – BILL OF SALE PARTS ONLY – NO

Missisipi

MS – FLOOD – YES
MS – JUNKING CERTIFICATE – NO
MS – CERTIFICATE OF TITLE – YES
MS – CERTIFICATE OF TITLE- SALVAGE – YES
MS – CERTIFICATE OF TITLE- JUNK – NO
MS – LETTER OF DESTRACTION – NO

Missouri

MO – CERTIFICATE OF TITLE – YES
MO – SALVAGE CERTIFICATE OF TITLE – YES
MO – BILL OF SALE – NO
MO – JUNKING CERTIFICATE – NO

Montana

MT – CERTIFICATE OF TITLE – YES
MT – SALVAGE CERTIFICATE – YES
MT – BILL OF SALE – PARTS ONLY – NO

Nebraska

NE – CERTIFICATE OF TITLE – YES
NE – CERTIFICATE OF TITLE- SALVAGE – YES
NE – BILL OF SALE – PARTS ONLY/SCRAP – NO

Nevada

NV – CANADIAN REGISTRATION – NO
NV – CERTIFICATE OF TITLE – YES
NV – SALVAGE TITLE – YES
NV – NON-REPAIRABLE VEHICLE CERTIFICATE – YES
NV – TOTAL LOSS – YES
NV – BILL OF SALE – NO

New Hampshire

NH – CERTIFICATE OF TITLE – YES
NH – CERTIFICATE OF TITLE- SALVAGE – YES
NH – CERTIFICATE OF TITLE-PARTS ONLY – NO
NH – BILL OF SALE – NO

New Jersey

NJ – CERTIFICATE OF TITLE – YES
NJ – CERTIFICATE OF TITLE-SALVAGE – YES
NJ – BILL OF SALE – NO

New Mexico

NM – CERTIFICATE OF TITLE – YES
NM – CERTIFICATE OF TITLE- SALVAGE – YES
NM – NON-REPAIRABLE VEHICLE CERTIFICATE – YES
NM – BILL OF SALE – NO

NEW YORK

NY – CERTIFICATE OF TITLE – YES
NY – MV-37- DISMANTLE OR SCRAP – NO
NY – MV-51B/STMT OF OWNERSHIP – NO
NY – DLR/DIS/EXP-CT OTHERS-ACQ – NO
NY – MV-907A PARTS ONLY – NO
NY – REGISTRATION DOCUMENT CARD – NO
NY – MV-907A SALVAGE CERTIFICATE – YES (BUT if the debt line is closed)
NY – MV-907A- UNSATISFIED/OPEN LIEN – NO
NY – TITLE ABSTRACT – NO
NY – BILL OF SALE – NO

North Carolina

NC – CLEAN TITLE – YES
NC – SALVAGE CERTIFICATE OF TITLE – YES
NC – NON PUBLIC CLEAN TITLE – YES
NC – PARTS ONLY- RECORD OF SALE – NO
NC – BILL OF SALE – NO

North Dakota

ND – CERTIFICATE OF TITLE – YES
ND – CERT OF TITLE- SALVAGE VEHICLE – YES
ND – PARTS VEHICLE BILL OF SALE – NO

Ohio

OH – CERTIFICATE OF TITLE – YES
OH – CERT OF TITLE- SALVAGE – YES
OH – BILL OF SALE – NO

Oklahoma

OK – CERTIFICATE OF TITLE – YES
OK – CERT OF TITLE- SALVAGE – YES
OK – CERTIFICATE OF TITLE-JUNKED – NO

Oregon

OR – CERTIFICATE OF TITLE – YES
OR – SALVAGE TITLE CERTIFICATE – YES
OR – LIEN PAPERS SALVAGE – NO
OR – LIEN FORECLOSURE APPLICATION – NO
OR – BILL OF SALE – NO

Pennsylvania

PA – CERTIFICATE OF TITLE – YES
PA – MV-4IS INS APPL SLVG NO TITLE – NO
PA – NON-REPAIRABLE – YES
PA – CERTIFICATE OF SALVAGE – YES
PA – BILL OF SALE – NO

Rhode Island

RI – CERTIFICATE OF TITLE – YES
RI – SALVAGE TITLE CERTIFICATE – YES
RI – BILL OF SALE – NO

South Carolina

SC – CERTIFICATE OF TITLE – YES
SC – CERTIFICATE OF SALVAGE – YES
SC – BILL OF SALE – NO

South Dakota

SD – CERTIFICATE OF TITLE – YES
SD – CERTIFICATE OF TITLE-SALVAGE – YES
SD – REGULAR – SALVAGE – YES
SD – BILL OF SALE – NO

Tennessee

TN – CERTIFICATE OF TITLE – YES
TN – SALVAGE CERTIFICATE – YES
TN – NON REPAIRABLE – YES
TN – BILL OF SALE – NO

Texas

TX – CERTIFICATE OF TITLE – YES
TX – SALVAGE VEHICLE CERTIFICATE – YES
TX – ORIGINAL – YES
TX – NON REPAIRABLE TITLE – YES
TX – DLR/DIS/EXP-CT OTHERS-ACQ – NO
TX – BILL OF SALE – NO

Utah

UT – CERTIFICATE OF TITLE – YES
UT – SALVAGE CERTIFICATE – YES
UT – NON REPAIRABLE TITLE – YES
UT – BILL OF SALE – NO

Vermont

VT – CERTIFICATE OF TITLE – YES
VT – CERTIFICATE OF TITLE-SALVAGE – YES
VT – BILL OF SALE – NO

Virginia

VA – CERTIFICATE OF TITLE – YES
VA – CERTIFICATE OF TITLE-SALVAGE – YES
VA – NON REPAIRABLE BOS – NO
VA – BILL OF SALE NOT from VA DMV – NO

Washington D.C.

DC – CERTIFICATE OF TITLE – YES
DC – CERTIFICATE OF TITLE-SALVAGE – YES

Washington

WA – CERT OF OWNERSHIP- TITLE – YES
WA – CERTIFICATE OF TITLE-SALVAGE – YES
WA – BILL OF SALE – NO
WA – AFFIDAVIT IN LIEU OF TITLE – NO

West Virginia

WV – CERTIFICATE OF TITLE – YES
WV – SALVAGE CERTIFICATE – YES
WV – NON REPAIRABLE CERTIFICATE – YES
WV – BILL OF SALE – NO

Wisconsin

WI – CERTIFICATE OF TITLE – YES
WI – CERTIFICATE OF TITLE-SALVAGE – YES
WI – JUNK BILL OF SALE – NO
WI – INSURANCE BRAND – YES
WI – CERT OF TITLE-CLAIM PAID – YES
WI – REPO APPLICATION (MV2117) – NO

Wyoming

WY – CERT OF TITLE – YES
WY – CERTIFICATE OF TITLE-SALVAGE – YES
WY – BILL OF SALE – NO