The Cen Tech Obd2 Eobd 60694 is a valuable tool for car diagnostics. However, if you’re purchasing equipment like this at an auction, understanding the terms and conditions is crucial. This guide provides a detailed overview of Jeff Martin Auctioneers’ buyer policies, covering everything from buyer premiums and payment methods to liability and item removal.
Understanding the Auction Process
Before participating in a Jeff Martin Auctioneers event, familiarize yourself with the complete rules of the auction, available in the auction catalog or upon request. These rules outline the legal framework for bidding and purchasing. Announcements made by the auctioneer supersede any printed materials.
Fees and Payment
A buyer’s premium, varying by auction, is added to the winning bid. Payment is expected on the auction day or upon invoice receipt. Additional fees include a $75 documentation fee for titled items and a 3% credit card surcharge. Buyers are responsible for paying riggers directly for specific lots. Storage fees of up to $100 per item per day may apply for items not removed by the deadline, with a potential $250 call-out fee for special pickup arrangements.
Bidder Requirements and Responsibilities
Online bidders may need to submit a deposit based on the auction. Sales tax applies to all purchases. International bidders may require a $10,000 USD deposit, while domestic bidders might need a $2,500 USD deposit for in-person bidding. A bank letter or prior auction purchase history may be acceptable in lieu of a deposit at the auctioneer’s discretion.
Item Inspection and Condition
It is the bidder’s responsibility to inspect items before bidding. Jeff Martin Auctioneers provides descriptions as a guide but makes no guarantees about item condition. All items are sold “as is, where is.” Risk of loss or damage transfers to the bidder upon winning the bid.
Payment Terms and Consequences
Payment is due on the sale date via cash, cashier’s check, credit card, wire transfer, or other checks with a bank letter of guarantee. Full payment is required before item removal. Late payments incur fees, penalties, and up to 18% annual interest plus collection costs. Insufficient or stopped checks may lead to legal action. Credit card charges cannot be reversed or disputed. Unpaid invoices within 48 hours may result in the credit card used for the deposit being charged for the outstanding balance.
Liability and Other Important Considerations
Bidders are responsible for personal injury or property damage they or their guests cause. Jeff Martin Auctioneers and the sellers are not liable for injuries or damages on the premises or during item removal and transportation. By registering, bidders agree to receive advertisements via email, mail, phone, and text.
For titled purchases, the bidder grants Jeff Martin Auctioneers power of attorney to sign title documentation for ownership transfer. The auctioneer reserves the right to remove or skip items, voiding any pre-bids. Firearms are not test-fired and sold without any guarantee of functionality. Jeff Martin Auctioneers reserves the right to revoke bidding privileges and remove individuals from the auction site. Security and promotional photography, video, and audio recording are used on the premises.
Online Bidder Policies
Online bidders who fail to pay within two business days may be banned from future auctions. Invoices cannot be split. No items will be released until the full invoice is paid. Buyers are responsible for all aspects of item removal and transportation, including loading and securing. Item descriptions are not guaranteed, and bidders should rely on their own inspection.
