Financing is available on units labeled as “Financing Available” in the Live sale. Buyers must be
pre-approved for financing before bidding. Please provide the below documents to
Rick@nellisauction.com before 4:00 pm on sale day.
1. Last 3 Paystubs or alternate proof of income
2. 1st page of last year or current year tax return
3. (2) Utility bills or bank statements
4. NV Driver’s License (Must be Southern NV resident)
Financing approval is not based on credit, rather time on the job, and debt to income ratio.
Most buyers qualify for a 0% interest rate as long as a 50% down payment can be paid upon
purchase. Financing available for units under $6000. Financing terms are not to exceed 1 year.
Required weekly/biweekly payments.
Fees
The purchase price, buyer’s premium, and sales tax. Buyers should expect to pay a loan fee (amount to
be determined during pre-approval), warranty, smog $25 and title fee $35.
Insurance Requirements
- Units 2009-2019 must have full coverage insurance
- Units older than 2009 must have liability insurance
- Hollis Used Cars Sales must be added as an additional insurer/ loss of payee
Payments
1st payment = 50% of the bid price
2nd payment = tax & title fee
3rd + payment = weekly payment