Mayco Auctions, LLC and is subject to any additional terms and conditions applicable to each specific auction:
Registering: By registering to participate in this auction hosted by Mayco Auctions LLC (Auctioneer) and by obtaining a bid number, the individual whose name appears on the Registration Agreement (Bidder), has agreed to be bound by all written and stated Terms and Conditions contained herein as well as by any announcements made at the sale. Bidder, whether acting as principal, agent, officer or director of a company or otherwise and the company he represents are bound by these terms and conditions.
Bidder Deposit: A Deposit of $300 is required to bid online. This Deposit will be refunded if no purchases are made. Upon Registration Credit Card Information will be collected & deposit applied for approval to Bid Online unless prior approval has been received from Mayco Auctions LLC. The Deposit will be collected if you are the winning bidder and either returned to your card upon full payment of invoice or used towards the balance due. Payment will be accepted by cash, check, cashiers check, VISA, MC, Discover or wire transfer. A 3% Admin Fee will be applied if paying with credit card, debit card or check unless the check is accompanied by a "Bank Letter of Guarantee" drawn on a U.S. Bank addressed to Mayco Auctions LLC. You may also have the option of leaving the vehicle till check clears the bank before picking up vehicle. (REFER TO PAYMENT TERMS BELOW) bound by Buyer Terms & Conditions.
Catalog: The Auction catalog, website listings or any advertising of items herein is to be used as a guide only and is based on information given to Auctioneer, but its accuracy is not guaranteed or warranted. Auctioneer is not responsible for any errors in description or condition. Some years listed may reflect year of purchases and not manufacture. Bidder must inspect all items to his satisfaction prior to bidding. Bidder agrees to rely exclusively on his pre-auction personal inspection of all items. · EVERY ITEM SOLD " AS IS, WHERE IS" AND WITH ALL FAULT · NO GUARANTEES OR EXPRESS WARRANTIES · NO IMPLIED WARRANTY OR MERCHANTABILITY OR FITNESS FOR PARTICULAR PURPOSE FOR ANY ITEM · NO PURCHASE WILL BE VOIDED DUE TO CATALOG ERROR· **MILEAGES / HOURS STATED ARE SIMPLY WHAT IS SHOWING ON METER · ALL SALES ARE FINAL NO WARRANTIES: Bidder has had the opportunity to inspect all items and agrees he has satisfied himself and is not relying on Auctioneer for guarantees or warranties, expressed or implied or otherwise.
Auctioneer reserves the right to revoke any bid at any time. Anyone bidding for an account other than his or her own must obtain a separate bid number for that account. The bidder offering the highest bid accepted by the Auctioneer shall be the "Purchaser" of the lot being sold and may not retract his bid. Purchaser will not be entitled to any adjustment, allowance, rescission, or damages or any other remedy regarding the condition of any item purchased.
Reserves: All vehicles are subject to owner confirmation
Payment Terms: Satisfactory settlement in U.S. Funds is to be made in full by within 3 business days 5 pm cst. after the auction ends. Items won in auction will not be released until the total purchase price has been fully paid. If not paid in full after the third business day Mayco Auctions, LLC has the right to charge the full amount of the purchase invoice on the credit/debit card used to register with.
Online Bidding Fee: An Online Buyers' Fee of 2 % (based on dollar amount of item) plus $100 title fee will be added to all invoiced purchases. Purchaser must pay all state and local sales tax on an item when applicable. Refer to "Failure to Settle" section.
Risk of Loss: All risk transfers to the purchaser at the fall of gavel. Purchaser agrees to obtain full liability insurance coverage for the item as may be required by law.
TENNESSEE SALES TAX: Taxable items under $1600 will be taxed at 9.25% Sales Tax. From $1601 - $3200 will be taxed at 9.75% per item. Purchase amount in excess of $3200 per item will be taxed at 7%. All dealers must present certificate of Motor Vehicle Dealer license to claim exemption of sales tax. Purchaser is liable for sales tax on motor vehicles & trailers without proper dealer documentation. Out of state buyers (Tennessee) will not be charged tax with proof from out of State and sign an affidavit of Exemption for removal from Tennessee within three days.
Failure to Settle: Any purchases not paid in full by the third business day, will be considered in default and bidder will at minimum lose registration deposit and will incur additional fees of 10% per annum of total purchases with a minimum of $100 per day. In the event Purchaser fails to settle or fails to comply with any Terms, Auctioneer shall take possession of all purchases, and at Auctioneer's sole discretion, have the right to resell such Purchases without notice to Purchaser. Should resale take place, original Purchaser will be responsible for any deficiency arising from the resale, a 10% commission to Auctioneer, any Failure to Settle and/or Storage fees and any legal costs incurred. To the extent permitted by law, you will also be required to pay our collection expenses, including costs associated with the use of a collection agency, court costs and reasonable attorney's fees.
Titles: A $100.00 title fee will be added to the purchase price of all titled vehicles. Titles will be mailed via Registered U.S. Mail in Thirty (30) days from date of satisfactory settlement. Please let us know if you want to pick up your title in person.
Lots: Auctioneer has the right to remove a lot from the online auction even if a bid(s) are place on item.
Removal and Storage: All purchased items must be removed from Auction Site within fourteen (14) days of sale. All items remaining after that date will incur a $25 per day storage fee per item. Storage fees will continue per day up to 30 days after original purchase date. Items remaining on Auction Yard past 30 days will be considered abandoned and Auctioneer may resell any and all items per terms under "Failure to Settle" above. Storage fees will continue per item until that item is resold. Warning: Anyone caught damaging an item will be held responsible for the difference of auction price and Auctioneer appraisal, as well as any legal action taken by owner.
Auction Site: ALL INDIVIDUALS AT THE AUCTION SITE ARE PRESENT AT HIS OR HER OWN RISK. Bidder agrees the auction site is potentially dangerous because of heavy equipment operation, electric circuits and presence of flammable, corrosive or pressurized liquids or other materials. Bidder shall warn its agents, employees, or any other persons accompanying Bidder of these possible dangers. Regardless of cause, Auctioneer or its agents will not be responsible for any injury or death to anyone at the auction site.
Age Requirement: All bidders must be 18 years of age or older. Bidder Information and Security: All registration information the bidder provides to auction company shall be current, complete, and accurate. All bidders are responsible for any bids placed under their bidding numbers and passwords. The security of bidder information is the responsibility of the bidder. Bidders must notify Auction Company if they feel that their bidder number and password have been compromised.
INTERRUPTION OF SERVICE: Auction Company cannot, and will not, be held responsible for any interruption in service, errors, and/or omissions, caused by any means and does not guarantee continual, uninterrupted or error free service or use of the auction site. Bidder acknowledges that the online bidding portion of this auction is conducted electronically and relies on computer hardware and software that may malfunction without warning. Auction Company, in its sole discretion, may void any sale, temporarily suspend bidding and re-sell any items or lots that were affected by any malfunction. The decision of Auction Company is final.