Guaranteed Payment for Sellers

• For Dealer Sellers: The auction is a neutral trading floor that
  guarantees the consignor will receive payment from the
  winning bidder. The Manheim Heavy Truck & Equipment
  Auctions location pays the consignor for their vehicles when
  the documentation is turned in, even if the buyer has not yet
  paid. The consignor is not responsible for collecting the
  money, nor do they have the risk of taking bad checks.
• For Non-Dealer Sellers: The auction is a neutral trading floor
  where Manheim brings buyers and sellers together. The buyer
  puts down a deposit, which is evenly split between the auction
  and the seller, in case of non-payment (which is rare but still a
  possibility). Manheim typically has verbal agreements with
  sellers that if a unit sells to a buyer and payment is not
  collected, then the unit becomes a no-sale. In that case the
  Manheim location will contact the second-place bidder to see
  if he/she would like to purchase the unit. The consignor is not
  responsible for collecting the money, nor does he/she have the
  risk of taking bad checks.