Rules and Regulations
PAYMENT
1. All purchases must be paid for on the day of the sale, utilizing an approved Dealership business check, or a Money Order or cash. The only exception to the above will be pre-approved floor planning add a 25.00 processing fee and Credit Cards add a 3% fee.
2. No checks or funds will be issued to the seller for a sold vehicle until a negotiable title has been submit to the auction.
3. Under NO, circumstance shall any Dealer stop payment on a check.
IF SALES:
If the seller announces that the vehicle will be sold on an “IF” basis after the bidding concludes, the Buyer may reject the sale at the block or accept the “IF” sale and be obligated to purchase the vehicle for 2 hours following the time of the sale. It is the Buyers responsibility to verify any “IF” sale resolution. Any “IF” sale approved within the time limits will be considered a sale regardless of whether the Buyer has received notification within the time frame.
LIGHT SYSTEM
It is the seller’s responsibility to make the proper announcements and ensure that the appropriate lights are lit, it is the buyer’s obligation to watch and listen to the announced conditions. The Auction disclaims any obligation for administrative errors, which result in inaccurate announcements.
LIGHT RULES
1. RED LIGHT: AS-IS No guarantees, YOU OWN IT REGARDLESS!
2. YELLOW LIGHT: LISTEN CLOSLEY!!, Important information is being disclosed
3. GREEN LIGHT: You can test drive the vehicle within the parking lot.
4. Blue Light “Title Attached”: Title is absent
The following are the only Arbitration reasons!
a) Internal Engine
b) Transmission/Transaxle
c) Differential
d) Odometer
Any repairs must exceed $500.00 to repair. Buyer has 2 hours after the purchase to arbitrate any issues. There is NO ARBITRATION for any off the block sales.
GREEN LIGHT: “Ride and Drive”
1. Seller declares that the vehicle is mechanically sound and subject to all arbitration policies. Seller represents that there are no major defects in the internal parts of the engine, transmission, and rear end exceeding $500.00 to repair.
2. Selling dealer must announce any item subject to arbitration, when these items are announced; they are no longer subject to arbitration. All other items not announced may be arbitrated if they fall in arbitration guidelines.
3. “Major damage history / total loss must be announced”.
RED LIGHT: “AS–IS”
The following conditions represent an “AS–IS” sale and are not subject to arbitration for any reason, except odometer discrepancies, frame/uni-body and mandatory announcements.
1. All vehicles sold under 3,000.00
2. All vehicles 10 years old and older.
3. Vehicles that have more than 125,000 miles.
4. All miscellaneous vehicles such as boats, campers, taxi’s, motorcycles, dune buggies, trailers, jet skis, antique cars, snowmobiles. These items are exempt from arbitration for frame/uni-body damage, mileage/hours and year model. These vehicles are sold “AS-IS”.
5. Sellers must use the light system and make the necessary announcements to properly identify the following:
a. Frame damage, excessively rusted or rotted frames. (sold “AS-IS”)
b. Flood, fire, salvage, reconstructed, antiques (1980 or older), clip cars, motorcycles, boats, and trailers must be announced and sold “AS-IS”.
c. Gas/Diesel conversions.
d. TMU – True miles unknown, will be sold “AS-IS”.
e. “Lemon-Law” vehicles sold “AS-IS”.
f. Police cars and Taxi’s sold “AS-IS”.
All vehicles towed through the block must be sold “AS-IS”, and are not subject to arbitration for any reason
Blue Light “Title Attached”
Assignable title does not accompany the vehicle; seller has 30 business days to provide an assignable title to the auction. Buyer is cautioned not to spend money on, not to excessively drive, and not to sell any “Title Attached” vehicle until the title is received by the auction. Auction must be notified 4 hours prior to the vehicle being returned. If the Auction receives title within 24 hours, the sale is still binding. If the title has been mailed by the auction, buyer cannot return vehicle. The Auction will not be responsible for any transportation or other expenses associated with a returned vehicle.
