Terms & Conditions

1. How do I register to bid? 

At the top right-hand corner of our website click sign in/register. Our website will guide you through all the requirements for registration. You may also register in person the Friday before the auction date or the day of the auction! To register all you need is a valid ID and a Bank Letter of Guarantee if you plan on paying by check or cashier’s check. 

2. Is there a price difference between online or in person bidding? 

Yes, onsite bidding requires a 6% buyer’s premium whereas online requires a 8% buyer’s premium. 

3. Are all the auctions held in Midland, TX? 

For the most part, yes. Please see our auction calendar for more details. We do offer offsite auctions if it will benefit that particular auction in anyway, contact us at 432-694-2018. Every item listed for sell on our website lists the items’ location. 

4. What forms of payment do you accept? 

We accept wires, cashier’s check and checks with a bank letter of guarantee, and credit card payments up to $5,000 with a 3% convenience fee. Payment details can also be found in your buyer portal. 

5. How do I get an item/equipment in a sale? 

Go to the "How To Sell" page. Call us at 432-694-2018 if you have any additional questions. 

6. What are the deadlines to put an item in a sale? 

Our deadline to accept equipment is 3 weeks before the auction date.  Any additional consignments will be added to the next consignment auction. 

7. Does Permian International Auctions have a preferred or recommended transport service? 

We do not have a recommended provider.  

8. Can I buy items privately?  

Absolutely! Any equipment listed at “Make an Offer” you could walk out with it TODAY! Give us a call at 432-694-2018 to discuss further details.

9. When is payment expected after winning an auction item? 

Payment is required within three days of the close of the auction at which they are purchased. From there, you will have 7 days after the auction to pick up your items. We have specific load out instructions conveniently located under each equipment listing. 

10. Will I have to pay sales tax?  

Buyers will have to pay sales tax unless, the buyer uploads their sales tax exemption form to their buyer portal. Our team will review your exemption documentation to the inventory purchased and contact you if we have any questions. 

11. When can I go preview items for auction? 

Items are available for preview the Friday before the auction date.  See our auction calendar for a listing of all dates. 

12. When can I see my invoice? 

You will be able to see all transactions in your buyer portal.   If you are tax exempt for any reason be sure documentation has been uploaded in the buyer’s portal. Your purchases will be reviewed by our auction staff. When your invoice is ready for payment you will receive an email notification.  You may also call our office at 432-694-2018 if you have additional questions. 

13. What are the requirements for picking up my equipment? 

You will receive an email notification once funds have been received. You will have a release ticket for each item that has been paid for in your buyers’ portal.  The location details, contacts, and load out requirements will be on the release ticket. Release tickets are REQUIRED for everything that leaves the yard.  

14. When do I receive my title? 

Once payment has been made, our title clerk will then begin the process of filling out the back of the title. The title will be reassigned the same as the invoice name and address unless contacted at 432-694-2018 within 24 hours of the auction.  Changes after this date will be charged any additional fees from title office. Your title along with any other paperwork will be sent via FedEx within (15) business days of conclusion of the auction.

15. What are your Terms & Conditions? 

The link for our Terms and Conditions is located at the bottom of this website, and on every inventory item page below the photos.