Special Terms
FINANCING
Interested in purchasing a car at the Saratoga Auto Auction? Get pre-approved by applying for your auto lease online is easy with Putnam Leasing. It's fast, easy and secure.. Since 1983, Putnam Leasing has been designing leases for drivers who ultimately want to own their cars. As a result, there are many term, residual and payment options available.
Putnam Leasing - 1-800-278-0071
J. J. Best Banc & Co. - 1-800-USA-1965
INSURANCE
Our official insurance partner is Hagerty Insurance, the global leader in classic car insurance. Hagerty representatives will be available onsite. You treat your classic differently than the car you drive every day. You’re extra careful while out cruising in your classic. No one will ever find a stray French fry beneath the seat. When it’s not on the road, you’re sure to keep your classic in a safe place. Your insurance should be different, too. With classic car coverage from Hagerty, you can insure your classic for how you use it – without paying more than you need.
Hagerty Insurance - 1-877-922-9701
BIDDER'S TERMS AND CONDITIONS OF SALE
Bidding: ALL BIDS ARE FINAL AT AUCTION. If you are awarded the final bid, ownership changes handle 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 premium will be charged on all lots sold. If your bid price is accepted as the winning bid on any lot,
you will be charged a buyer's premium in addition to the accepted bid price. Buyer's premium is 10% on all automotive lots,
20% on non-automotive lots. Proxy buyer's and Credit card transactions are subject to a buyer's premium of 13% for vehicle
purchases and 23% for non-automotive purchases. Premium will be added to the purchase price. Sales tax, if applicable, will
be charged on the final total of purchase price plus premium.
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 Saratoga Automobile Museum (aka "SAM") may have, bidder agrees to pay SAM
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 fee), this amount and due and payable without relief. Bidder will also be liable to seller for its damages. Bidder hereby
authorizes SAM to deduct this charge with the credit card company at any time. Bidder agrees to also pay SAM'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. Statements printed in catalog brochures, signs, window cards, and verbal statements made by auctioneers
or auction staff are representations made by the Consignor and the SAM has no obligation to verify or authenticate any such
claims or vehicles are sold as is, where is, with no representations or warranties, expressed or implied and CONSIGNOR AND
SAM DISCLAIMS ALL WARRANTIES, EXPRESSED OR IMPLIED AS TO CONDITION, ORGINALITY, OR AUTHENTICITY, PREVIOUS
USE OR OWNERSHIP, MANUFACTURING OR RESTORATION PROCESSES, YEAR, SERIAL NUMBER, MAKE,
MODEL, OPTIONS, TOOLS, OR MILEAGE OF ANY VEHICLE OR COMPONENT OF ANY VEHICLE, AND SPECIFICALLY DISCLAIM ANY
WARRANTIES OR FITNESS FOR ANY PARTICULAR PURPOSE. In no event shall SAM, 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 for 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 2nd business day following the sale, SAM 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 current sales tax income 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 are 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 in which the auction is
held 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 Saratoga County, New York 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 SAM auction office as all bids made with this bidder number will be your responsibility.
