FIRST CAPITOL AUCTION, INC. TERMS AND CONDITIONS OF SALE AUCTION SCHEDULE: 9:00 A.M. Construction Equipment, large trucks, fleet vehicles and trailers 10:00 A.M. Warehouse – Jewelry and seized property 11:00 A.M. Miscellaneous equipment including landscaping equipment, power equipment, hand and power tools and more. TERMS & CONDITIONS: Notice and Disclaimers: Any item offered for sale shall be sold “as is” and with all of its faults. Inspection of vehicles for age, mileage, major collision repairs, frame damage, etc. is the bidder’s sole responsibility. Principals, auctioneers and advertising counsel will not be held responsible for advertising inaccuracies and discrepancies. Please call auctioneers for additions and deletions. First Capitol Auction Inc is a licensed vehicle dealer. Any vehicle that does not pass smog or California safety requirements cannot be auctioned to the public and can be sold only to licensed vehicle dealers or dismantlers. Vehicles that pass California emission and safety requirements will be sold to the public and subject to all vehicle processing fees. REGISTRATION: You must register in order to bid. A valid driver’s license is required for registration. If you are registering as a dealer you will need a copy of your Dealers License and Sellers Permit. Your bidder number is a contractual document and you are responsible for anything sold to that number. Guard it carefully. No one under the age of 21 years old is allowed on any piece of construction equipment. INSPECTION: Inspection is the Friday, one day previous to sale, 9am–5pm. It is the responsibility of the buyer to make their own determination as to the accuracy of the items descriptions, relative to age, condition, make, model, mileage, and serial number. All items are sold on an “as is, where is” basis without any warranty, expressed or implied. Buyer agrees that they understand all of the verbal and written terms of the auction and agrees to abide by all of them. ALL SALES ARE FINAL, NO REFUNDS, OR ADJUSTMENTS PAYMENT: Payments must be made by cash, cashier check, wire transfer or company check with bank letter of guarantee to First Capitol Auction, Inc. Twenty-five percent (25%) deposit required day of sale and balance due the following Monday. We DO NOT accept credit cards or personal checks. If the buyer neglects to leave a 25% deposit and the property is not paid in full by the close of business on Monday, First Capitol Auction, Inc. reserves the right to rescind the sale of any and all items bid upon by the purchaser. BUYER’S PREMIUM: A 12% buyer’s premium is assessed to all lots marked with a “P” as well as all items located in the warehouse and all items located along the fence line “F”. PURCHASE OF VEHICLES: First Capitol Auction, Inc. is a California licensed automobile dealer. All vehicles purchased will be registered with DMV in the name of the person registered to the bidder number. No exceptions….No changes. FEES: 1. A $45.00 processing fee will be added to the sale of any items involving titles, registration, any DMV documentation or processing. 2. A $58.25 fee for smog inspection and certificate will be assessed on all vehicles that require smog certification.
3. Applicable sales tax on all items including vehicles will be collected. 4. On titled vehicles, First Capitol Auction, Inc. will collect all appropriate DMV fees and register the vehicle for you. It is possible that the DMV fees due are more or less than is estimated on the contract. Any additional fees due to DMV will be the buyer’s responsibility. REMOVAL: Property may not be removed until paid in full and not until after 1 pm auction day. All property must be removed no later than 5 pm Wednesday. We are always closed Friday through Sunday, the weekend following the auction sale. Storage fees in the amount of $50.00/day per item will be charged for any items left in our yard three (3) business days after the auction. Lots marked with a P will be charged a 12% buyers premium, all other lots will be charged will be charged a 2% buyers premium. Lots marked with a D are dealer vehicles that can only be purchased by a vehicle dealer. Cash, Wire Transfer or Certified funds. Funds must be paid via wire transfer or Cashiers Check sent via FedEx overnight. All payment must be received with 24 hous of sale. All property is sold “AS IS”, and ALL SALES ARE FINAL. Property is open to thorough public inspection. It is the Bidder’s responsibility to determine condition, age, genuineness, Inc.Company may attempt to describe the merchandise in advertising, on the Internet and at the auction but makes no representations. In no event shall First Capitol Auction Inc. be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole judge of value. Bidders who bid from off site and are not present at the live auction or preview understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the Bidder’s responsibility to determine condition, age, genuineness, value or any other determinative factor. First Capitol Auction Inc. shall endeavor to describe in detail each item and any pertinent information about it. First Capitol Auction Inc. will not be responsible for any errors or omissions in the description of the merchandise unless it is a material and intentional misrepresentation of the item itself. Bidder agrees that everything is sold as is and that they may not return any item they purchase. First Capitol Auction Inc. is providing Internet pre-auction and live bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against First Capitol Auction Inc. or anyone else if the Internet service fails to work correctly before or during the live auction. First Capitol Auction Inc, will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours before the auction begins. First Capitol Auction Inc. reserves the right to withdraw or re-catalog items in this auction.