PLEASE READ CAREFULLYPolicies Procedures & Arbitration Rules1. Please have all your units on the premises as early as possible. Units must be represented accurately and fairly. Unsafe vehicles will be towed across the auction block.
2. No vehicle will be offered for sale without the VIN plate attached in the designated area or a state reassigned VIN. The auction reserves the right to refuse the sale of any vehicle in which the VIN plate appears altered in any way. Such vehicles may be subject to seizure.
3.
NO RETAIL CUSTOMERS ALLOWED. You must be a licensed and registered dealer to buy or sell. Please do not bring children to the auction.
4. All consigned vehicles must be offered for sale on the block prior to leaving the auction premises.
5 .All transactions must be cleared through the office.
6. All vehicles are consigned at the owner’s risk. The auction is NOT Liable for theft or damage to any vehicle left at the auction, including damage from fire, hail or flood. Sellers are advised to remove personal property from their vehicles prior to checking in the vehicle.
7. Any car sold with a float, the day of the sale is day one.
8. Auction Management reserves the right to refuse service to anyone.
9. Sellers must not offer for sale any vehicle that does not comply with current Federal and State regulations.
10. Sellers must not offer for sale any European Conversion (gray market) vehicles.
11. ALL WARRANTIES & REPRESENTATIONS, (E.G. RIDE & DRIVE) ARE THOSE OF THE SELLER ONLY. THE AUCTION MAKES NO WARRANTIES IMPLIED OR EXPRESSED.
12. THIS AUCTION IS NOT A PARTY TO THE CONTRACT OF SALE, WHICH IS BETWEEN THE SELLER AND BUYER ONLY. THIS AUCTION IS NOT THE TRANSFERROR REQUIRED TO GIVE THE FEDERAL ODOMETER MILEAGE STATEMENT IN CORRECTION WITH ANY SALE/ AUCTION WITHIN THE CONTEMPLATION OF THE MOTOR VEHICLE INFORMATION COST SAVINGS ACT OF 1972, AS AMMENDED, OR SIMILAR LAWS: THE SELLER IS THE TRANSFERROR WITHIN THE CONTEMPLATION OF SUCH LAWS.
13. SELLER IS RESPONSIBLE FOR ENSURING THAT VEHICLES SOLD WITH CO’S, MSO’S, OR AFFIDAVITS ARE VALID IN BUYING DEALER’S SOLD BY MSO ARE NOT SUBJECT TO ARBITRATION.
Payment14. Buyers must pay for all purchases on the DAY OF SALE. Method of payment is subject to auction approval. “CASH ONLY” customers must pay for units prior to obtaining a gate pass.
15. Unless a buyer has obtained prior written approval from the Auction, all units must be paid for on sale day.
16. All returned checks or drafts will be charged a $100.00 returned check fee.
IF Sales17. All conditional sales (“IF’S”) are binding on the buyer until 4pm on day of sale. It is the buyers responsibility to verify sale with the “IF” office.
18. For all conditional sales, the auction reserves the right to sell any unit if the bid is within $200.00 of the seller’s floor price.
Announcements19. Selling Descriptions: “light systems”
GREEN LIGHT: “RIDE AND DRIVE”-Vehicle is mechanically “sound” within $400.00 of any mechanical defects.
YELLOW LIGHT: “CAUTION”-Vehicle is mechanically “sound” within $400.00 of any mechanical defects except for announced defects.
RED LIGHT: “AS IS”-Sold without warranty or guarantee of any kind including year.
20. Vehicles must be sold “AS IS” (i.e. red light):
A. Flood damage vehicles.
B. Boats
C. Recreational vehicles
D. Motorcycles
E. Trailers
F. Salvage or rebuilt title vehicles
G. Equipment (e.g. farm equipment)
H. Rebuilt vehicles
21. Regardless of an “AS IS” selling description (see 24 for exceptions)) the seller must ensure that the following conditions are announced at the block prior to unit being offered. Failure to make such announcements may result in arbitration and possible turndown:
A. Police Cars
B. Taxi cabs
C. Municipal cars
D. Not actual miles or in excess of mechanical limits (vehicles 10 years or older, are exempt from making this announcement)
E. Kit cars
F. Frame damage or frame repairs
G. Diesel engine/conversions
H. Flood damage
I. Hail damages
J. Missing emission systems
K. Vehicle possessing reassigned public VIN’s
L. CO’s, MSO’s must be announced
M. Vehicles (current & previous year models) not equipped with air conditioning
N. Salvage or rebuilt vehicles
O. Missing or inoperable airbag
22. Any Vehicle selling for $1500 and under is sold AS IS regardless of any announcement on the block.
23. IF AN “AS IS” VEHICLE SELLS, THE UNIT CAN ONLY BE ARBITRATED FOR UNDISCLOSED SALVAGE HISTORY OR ODOMETER DISCREPANCIES.
24. It is the seller’s responsibility to ensure the year model and odometer information contained on the bill of sale is accurate before signing the bill of sale at the block. The auction accepts no responsibility for ensuring that all announcements are made at the block. Failure to do so may result in the unit being arbitrated.
Arbitration
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