Estimates the IAAI (Insurance Auto Auctions) buyer fees.
Dealer
Broker
Public
Yes
No
Estimated IAAI Fees
Understanding IAAI Fees and How This Calculator Works
IAAI (Insurance Auto Auctions) is a leading online auto auction platform where buyers can purchase vehicles. When you win a bid on IAAI, there are several fees associated with the purchase, which can significantly add to the total cost. This calculator helps estimate these buyer fees based on the vehicle's sale price, your buyer ID type (Dealer, Broker, or Public), and whether the vehicle is eligible for the IAA Flyer program.
Components of IAAI Buyer Fees
The total buyer fees on IAAI are typically composed of a base buyer fee, which varies based on the sale price of the vehicle, and potentially additional fees. This calculator focuses on estimating the most common buyer fee structure.
Buyer ID Type Impact:
IAAI categorizes buyers into different tiers, and fee structures can vary:
Dealer: Licensed dealers often benefit from the most favorable fee structures.
Broker: Brokers, who may act on behalf of others, might have a different fee schedule.
Public: Public buyers typically face the highest fee percentages or fixed amounts.
IAA Flyer Program:
The IAA Flyer program offers certain benefits, potentially including reduced buyer fees for eligible vehicles. If a vehicle is designated as "Flyer Eligible," the buyer fees might be lower.
Sale Price Tiers:
The core of the buyer fee calculation is often a tiered structure based on the final hammer price (sale price) of the vehicle. Higher sale prices generally incur higher absolute fees, though the percentage might decrease.
How the Calculator Estimates Fees:
This calculator uses a simplified, representative model of IAAI's fee structure. The exact fees can vary and are subject to IAAI's official terms and conditions. The calculation generally follows these steps:
Determine Base Fee: Based on the Vehicle Sale Price, the calculator looks up a corresponding base buyer fee amount. These amounts are typically categorized into price brackets (e.g., $0-$1,500, $1,501-$3,000, etc.).
Apply Buyer ID Type Adjustment: The base fee might be adjusted depending on whether the buyer is a Dealer, Broker, or Public. For example, Public buyers might have a higher fee added, or a different base fee applied.
Factor in IAA Flyer: If the vehicle is marked as IAA Flyer Eligible, a potential discount or a lower fee tier might be applied.
Sum Total Fees: All applicable fees are added together to provide an estimated total buyer fee.
Note: This calculator provides an *estimate*. Actual fees may differ. It does not include other potential costs such as taxes, shipping, or specific auction processing fees. Always refer to IAAI's official fee schedule for precise figures.
Use this tool to budget more accurately for your vehicle purchases from IAAI and avoid unexpected costs.
function calculateIAAFees() {
var salePrice = parseFloat(document.getElementById("salePrice").value);
var buyerIdType = document.getElementById("buyerIdType").value;
var isFlyer = document.getElementById("isFlyer").value;
var baseFee = 0;
var additionalFee = 0;
var flyerDiscount = 0;
var feeBreakdownHtml = "";
if (isNaN(salePrice) || salePrice = 0 && salePrice = 101 && salePrice = 501 && salePrice = 1001 && salePrice = 2001 && salePrice = 3001 && salePrice = 4001 && salePrice = 5001 && salePrice = 6001 && salePrice = 7001 && salePrice 10000) {
baseFee = 1000 + (salePrice – 10000) * 0.05; // Example: 5% on amount over 10k
}
// — Adjustments based on Buyer ID Type —
if (buyerIdType === "public") {
additionalFee = baseFee * 0.10; // Example: 10% surcharge for public buyers
} else if (buyerIdType === "broker") {
additionalFee = baseFee * 0.05; // Example: 5% surcharge for brokers
}
// Dealer fees remain as baseFee without additionalFee
// — IAA Flyer Adjustment —
if (isFlyer === "yes") {
// Example: Flyer discount is 5% of the calculated base + additional fee
flyerDiscount = (baseFee + additionalFee) * 0.05;
feeBreakdownHtml += "Base Fee: $" + baseFee.toFixed(2) + "";
feeBreakdownHtml += "Buyer Type Surcharge: $" + additionalFee.toFixed(2) + "";
feeBreakdownHtml += "Flyer Discount: -$" + flyerDiscount.toFixed(2) + "";
} else {
feeBreakdownHtml += "Base Fee: $" + baseFee.toFixed(2) + "";
feeBreakdownHtml += "Buyer Type Surcharge: $" + additionalFee.toFixed(2) + "";
}
var totalFee = baseFee + additionalFee – flyerDiscount;
// Ensure total fee is not negative
if (totalFee < 0) {
totalFee = 0;
}
document.getElementById("result-value").innerText = "$" + totalFee.toFixed(2);
document.getElementById("feeBreakdown").innerHTML = feeBreakdownHtml;
document.getElementById("result").style.display = "block";
}