IMPORTANT TERMS: PLEASE READ BEFORE BIDDING!

Simulcast Auction Closes: Saturday, February 15, 2025 @ 9am EST

Preview: Wednesday 8AM-4PM, Thursday 8am-4pm and Day of Sale at 7:30AM

Load Out: Day of Sale or MUST be picked up within 3 working days after the auction sale or storage will be charged.
THC will not recognize nor be responsible for any theft or damage to the vehicle after the vehicle has been awarded to member bidder. Storage fees are $20 a day starting on the Friday AFTER the auction in which the vehicle was won.

*The name you use to register is the name that will go on your TRANSFER PAPERWORK.*


Payment for vehicles purchased through auction ring may be made in cash, cashier's check, wire transfer or money order. PAYMENT IN FULL IS DUE WITHIN TWO WORKING DAYS OF THE AUCTION. No Exceptions. Payment for bank repossessions confirmed on Monday or Tuesday following the auction, must be paid for within 48 hours of purchase confirmation.

BUYER'S FEES:
Up to $999.99 = $100 Buyers Premium
$1,000 to $14,999 = 10% Buyers Premium
$15,000 and up = $1,500 Buyers Premium


YOU ARE ENTERING INTO A BINDING CONTRACT. THERE ARE NO REFUNDS OR BID CANCELLATIONS. THE REGISTERED BIDDER IS PERSONALLY RESPONSIBLE, LEGALLY AND FINANCIALLY FOR ALL AUCTION ITEMS BID UPON WHETHER REPRESENTING ONE'S SELF OR ACTING AS AN AGENT. AN ONLINE BID ACCEPTED AT PUBLIC AUCTION IS A LEGAL AND BINDING CONTRACT TO PURCHASE. ANY BIDDER WHO FAILS TO COMPLETE A PURCHASE WILL BE BANNED FROM BIDDING AT ALL FUTURE SELLER AUCTION EVENTS AND MAY BE PURSUED FOR CIVIL AND/OR CRIMINAL VIOLATIONS.

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HOW THE AUTO AUCTION LIGHT SYSTEM WORKS

GREEN LIGHT: Sold with right to test drive engine and drive train within one hour of payment in full. Buyer must notify auction office within that one hour of any defect in engine or drive train. Subject to all visible defects. Seller represents the frame of the vehicle to pass Vermont State inspection. Buyer has 72 hours from payment in full to determine any frame defects that will cause vehicle to not pass Vermont state inspection. Sellers not disclosing frame damage are required to reimburse purchaser within 24 hours of kickback and will be assessed a $200 fine. Buyer must notify auction office within that one hour (or 72 hours for frame damage*) of any of the applicable defects. After payment in full and lapse of that time period, transaction is “AS IS.”


YELLOW LIGHT: Caution. Vehicle is SOLD subject to SPECIAL DISCLOSURE, Please read your catalog, may have mechanical defects. Subject to all visible defects.

Disclosure can include Title Delay, bill of sale, or last valid registration not available on auction day. Seller must produce title or appropriate paperwork within 10 business days. Vermont DMV only require titles on vehicles 2008 and newer, if transferring out of state, we may not have a title to provide. Buyer’s responsibility to check with the auction office to see if there is a title for these vehicles. No sale will be set aside due to buyer not doing his or her due diligence. Any seller not having proper paperwork must sell under yellow light. Buyer cautioned not to sell or spend money on vehicle until all paperwork is delivered.

Branded title — Salvage and/or rebuilt, theft recovery, abandoned, or other. Check with your state’s DMV rules and regulations regarding registering branded title vehicles. Some states, such as New York, do not allow registration of salvage vehicles (without an inspection by certified representative).

Other Disclosure may include: Air Bag or Other Dash Lights Illuminated; Letter of Correction; Not for New York Buyer; TMU (True Miles Unknown); No Title; or other disclosures.


RED LIGHT: Sold subject to ALL defects, including possible engine, frame and transmission defects. Implies vehicle may be unsafe for the road. Not guaranteed to run, drive or pass any kind of inspection. NO TEST DRIVE. AS IS.



Frame Policy * Upon vehicle payment in full, purchaser will have 72 hours to discover and make claim of any frame damage that renders the vehicle to fail inspection by the State of Vermont. Written confirmation of the defects by a certified mechanic is required. Any vehicle not paid for by the required time period, will automatically lose any inspection rights.

A green light or red light car can have a yellow light as well. Example: a repossession can be sold Green Light and sold Title Delay, or the seller sells the car as Green Light but has disclosed in writing that the true miles are unknown (TMU)....more