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In order to participate in the auction, all BIDDERS must provide AUCTIONEER a 25% deposit in cash, cashier’s check, or company check accompanied by a bank letter of guarantee of unqualified payment to AUCTIONEER, or a wire transfer (with a wire transfer fee included) of BIDDER’S maximum expected spending inclusive of taxes and fees. Credit cards are not acceptable form of payment and will not be accepted.The final payment in full of BIDDER’S invoice must be received by AUCTIONEER within the first banking day 24 hours after the auction or BIDDER will be in default of AGREEMENT. AUCTIONEER will charge BIDDERS a taxable surcharge BUYERS PREMIUM on AUCTIONEER’S invoice to BIDDER. BIDDER shall provide proof satisfactory to AUCTIONEER of BIDDER’Sentitlement to claim exemption from sales tax. BIDDER’S proof of any claimed tax exemption must be representative of the same industry as the LOTS purchased. In the absence of proof satisfactory to AUCTIONEER, BIDDER shall pay all taxes. AUCTIONEER is not responsible for any Department of Motor Vehicle fees, taxes, registration, licensing, penalties, smog certificate, or any other fees. Certain vehicles as announced and/or noted in the auction catalog or on BIDDER’S invoice will be sold “AS IS” with a Bill of Sale only. Each titled item will be charged a $75 title transfer fee. If available to AUCTIONEER, titles will be sent to BIDDER approximately 7-30 business days after receipt of payment from BIDDER to AUCTIONEER. Sales tax on Motor Vehicles is the responsibility of BIDDER to be remitted to BIDDER’S appropriate state Department of Motor Vehicles. All vehicles are sold “AS IS, WHERE IS, WITH NO WARRANTIES EXPRESSED OR IMPLIED”. It is the BIDDER’S responsibility to inspect the vehicle to verify accurate description, model, year, mileage, condition and any and all details pertaining to the vehicle. AUCTIONEER is not responsible for any inaccuracies regarding LOTS of any kind INCLUDING THE DESCRIPTIONS ON THE FINAL INVOICE.

Should any pits, floor bolts or hazards of any type exist after removal of equipment, it is BIDDER’Sresponsibility, at BIDDER’S cost, to reasonably safe guard these areas using generally accepted safety practices, such as safety tapes, pipes or bars welded in place or suitable safety barriers acceptable to AUCTIONEER. All floor bolts and/or anchoring fasteners are to be cut flush to the floor and the area left broom clean and all debris removed. It is the responsibility of BIDDER to be sure that power to the LOTSis off and then to safely disconnect all electrical wiring and utility piping from the LOTSand to cap at the first electrical or air junction of the LOTS.