BUYER’S TERMS AND CONDITIONS OF SALE
BIDDER INFORMATION Fax directly to (919) 269-5160
Name: _______________________________________________________ Company: __________________________________________________
Address: __________________________________________________City: ______________________________ State: ______ Zip: __________
Work #: ______________________ Fax #: ______________________ Home #:______________________ Cell #: ______________________
Email: __________________________________________________________________________________________________________________
Dealer #: _____________________________________________________________________ Resale Tax #: ______________________________
Drivers License # ____________________________ State/Province/Country - License: ___________ Date of Birth: _________________________
Register Me To Be A:q On-Site Bidder q Telephone Bidder
Method of Payment: q Cash* (Requires a $5,000 Cash Deposit) q Cashier’s Check q Check w/Letter of Guarantee
BIDDER REGISTRATION FEE: $100
INCLUDES ADMISSION FOR TWO AND SALE CATALOG
Credit Card: q VISA q MASTERCARD q AMERICAN EXPRESS q DISCOVER
Card #: ___________________________________________________________________________
Expiration #: ______________________ 3-Digit Pin # (on back of card): ______________
AUTHORIZING SIGNATURE
I acknowledge that I have read, understand and agree to the Terms, Provisions & Conditions of Sale.
Accepted By: _______________________________________________________________________________________
Signature
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Bidding: ALL BIDS ARE FINAL AT AUCTION. If you are awarded the final bid,
ownership changes hands at the drop of the gavel. You are responsible for payment in full. No
bidder may retract a bid made during the sale for any reason.
Buyer’s Fee: A buyer’s fee is an amount charged by the auctioning dealer, Capital Auto
Auction for conducting the auction sale. If your bid price is accepted as the winning bid on
any lot, you will be charged a buyer’s fee in addition to the accepted bid price. The buyer’s fee
is part of the purchase price and is subject to sales tax, if applicable. Any terms and conditions
posted at the auction, printed in sale brochures, forms, signs, publicly announced or otherwise
published are incorporated herein by reference. Buyer’s fee is 8% on all automotive lots, 15%
on non-automotive lots.
Terms of Payment: Payment of the purchase price is due immediately upon the Auctioneer’s
declaration of sale. All payments must be in the form of cash or certified funds unless other
arrangements have been approved in advance. Cash payments will be reported according to
U.S. Federal government requirements. Should a bidder default on payment in any manner
whatsoever, without limiting any recourse to Capital Auto Auction may have, bidder agrees to
pay Capital Auto Auction all lost auction fees (which is the maximum published rates for (a.)
the seller’s fee, (b.) the buyer’s premium, and (c.) the entry), this amount is due and payable
without relief. Bidder will also be liable to seller for its damages. Bidder hereby authorizes
Capital Auto Auction to deduct these lost auction fees from bidder’s cash deposit, or to charge
this amount to the bidder’s credit card provided. Bidder agrees not to dispute this charge with
the credit card company at any time. Bidder agrees to also pay Capital Auto Auction’s costs of
collection, including attorney’s fees and costs.
Conditions of Sale: Bidder is responsible for inspections and verification of condition,
authenticity, and completeness of any vehicle purchased. All statements printed in catalog
brochures, signs, window cards, and verbal statements made by auctioneers or auction
staff have come from the Consignor. Capital Auto Auction has no obligation to verify or
authenticate any such claims or representations. Any warranties made by the Consignor
must be in writing on an instrument separate from the Purchase Invoice and Bill of Sale and
signed by both the Buyer and Seller. Any announcements made at time of sale supersede any
earlier printed information. Except as specifically provided herein, all vehicles are sold AS IS,
WHERE IS, with no representations or warranties, expressed or implied and CONSIGNOR
AND AUCTIONS AMERICA, LLC DISCLAIM ALL WARRANTIES, EXPRESSED OR
IMPLIED AS TO CONDITION, ORIGINALITY, OR AUTHENTICITY, PREVIOUS
USE OR OWNERSHIP, MANUFACTURING OR RESTORATION PROCESSES, YEAR
OR AGE, SERIAL NUMBER, MAKE, MODEL, OPTIONS, TOOLS, OR MILEAGE
OF ANY VEHICLE OR COMPONENT OF ANY VEHICLE, AND SPECIFICALLY
DISCLAIM ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY
PARTICULAR PURPOSE. In no event shall Capital Auto Auction, the auctioneer, or any
of its employees, agents, associates or affiliates be responsible or liable in any way for any
warranties, guarantees, histories, or descriptions of any vehicle or article offered for sale.
Risk or Loss: Bidder is responsible of all risk of loss or damage immediately upon purchase
of the vehicle or item, which occurs at the time of sale when bidder is declared by the
auctioneer to have the successful bid. All vehicles or items purchased must be removed from
the auction site at the bidder’s expense immediately following the sale. If not removed by the
end of the day following the sale, Capital Auto Auction will remove the vehicle or item with
all costs of moving and storage to be paid by the bidder.
Dealers Note: All dealers must have a current sales tax license and current dealer license on
file with the auction office.
Other Terms: Vehicles not marked as offered without reserve are subject to a reserve bid set
by the Consignor. When a vehicle is sold subject to such a reserve bid the auctioneer may
bid on the Consignor’s behalf in an amount not to exceed the amount of the reserve bid. All
terms of sale posted on the auction premises, printed in sale brochures or forms, publicly
announced, or otherwise published are incorporated herein by reference. In the event either
party brings action against the other arising from or relating to this bid card or any auction
held in connection herewith, the prevailing party, as determined by the court, shall be
entitled to recover its reasonable attorneys’ fees and costs. The law of the state of North
Carolina shall govern the provisions of this bid card. Jurisdiction for any action brought shall
lie exclusively in a court of competent jurisdiction in the judicial district in which Raleigh,
North Carolina is located. You are responsible for all bids made with this bidder number,
whether or not made by you and whether or not authorized by you. If your bidder card is lost
or stolen, immediately report to Capital Auto Auction auction office as all bids made with
this bidder number will be your responsibility. Seller of any vehicle will be paid once funds
are collected in full from Buyer.
I ACKNOWLEDGE THAT I HAVE READ AND UNDERSTOOD AND AGREED TO
THE TERMS AND CONDITIONS OUTLINED ABOVE.
Accepted by _______________________________ Date ______________________
q JJ Best Co. Approved Financing