| Payment Terms |
There is a 13% Buyer’s Premium on all items. Forms of payment: Cash, Cashiers Check and Check and with Letter of Guarantee from your Lending Facility. We also accept VISA/MC on all items.( Note There will be a 3% Buyers Premium on Credit Cards purchases.)Payment Due day of sale
1. All bidders are required to register prior to the auction. The AUCTIONEER reserves the right to reject the bid .
2. At the time of sale of each lot, the bidder number and price of item sold is announced by the AUCTIONEER, no changes in price can be made by anyone except the AUCTIONEER and at the time only. In any dispute over price, or between bidders, the AUCTIONEER has the duty to settle any and all such disputes, and his decision shall be final.
3. Announcements made by the AUCTIONEER on the day of the auction take precedence over any printed matter pertaining to this auction. Despite efforts to avoid withdrawal of items from the inventory list after they have been advertised, it may sometimes be necessary to do so.
4. All items are sold, “AS IS,” “WHERE IS,” AND “WITH ALL FAULTS AND DEFECTS.” Payment Due day of sale
5. References as to size, quality, capacity or grade are intended for identification purposes only, and are not warranty, express or implied, as to condition, quality, capacity or performance capability of the items). AUCTIONEER disclaims all express warranties, and any implied warranty of fitness for a particular purpose or arising out of any course of dealing or usage of trade. Buyer acknowledges that AUCTIONEER has provided it with the opportunity to inspect the items (before purchasing them and that the buyer has or has not inspected the items) in its sole discretion. Buyer acknowledges that it is entirely its own and that it has not relied on any representation or warranty made by any officer, employee or agent of AUCTIONEER in deciding to purchase the items. Buyer assumes all risk and liability whatsoever resulting from the use of the items (sold hereunder, whether singly or in combination with any other property and whether or not used by buyer or any other person or entity, including those may have purchase any of such items) from buyer, and buyer shall defend, indemnify and save harmless AUCTIONEER from and against any and all liability, losses, cost, attorney fees or expense of whatever nature or character arising out of or occasioned by any claim or any suit for damages on account of injury to or the death of any person or damage to any property resulting from the use or the items sold hereunder, no matter who may be using the items at time injury or damages occur.
6. All items shall be removed from the Auction Site immediately following the Auction and upon payment.
7. Buyer acknowledges that he has been advised that the purchased vehicle is subject to 114.1 of Regulation IV regarding use of and maintenance of pollution control service devises motor vehicles and the prohibition of removal or damage to such devices and the prohibition of selling or leasing vehicles with inoperable pollution control tested to obtain an annual safety inspection sticker required by law in Texas. Buyer acknowledges that he has been informed that copies of these regulations are available for his review if requested.
8. The AUCTIONEER reserves the right to stop all unfair bidding practice and have the party banned from the sale, with no refund of deposit.
9. Payment due at the end of sale” all items are the property of the auction company till paid for in full.
If you have an unresolved complaint, in Texas, it should be directed to Texas Dept. of Licensing and Regulation, P.O. Box 12157,
Austin, TX 78711 (512) 463-2906. Other states should call their appropriate regulatory agency
|
