General Info All onsite bidders must register at the sale office with valid drivers license. CAP AUCTIONS, herein referred to as auctioneer, reserves the right to deny or revoke any buyer or seller at any time, without notice or consent at their sole discretion. Auctioneers at their discretion will have the final say as to disputes among bidders and sellers. Auctioneer reserves the right to add or remove items from the auction and make alterations to any auction items or terms & conditions at any time. Announcements the day of the sale take precedence over all printed matter and advertising. Terms & Conditions CAP AUCTIONS is a division of Coleman & Patterson, LLC, a full service auction company specializing in selling real estate and large assets. Please contact one of our Auctioneers at 1-888-300-0005 to discuss your auction needs. Settlement Terms All purchases must be settled on Sale Day prior to removing items. Full settlement by Cash, Cashier's Check, Credit Card or Company and Personal Checks must have a Bank Letter of Credit. All checks should be made payable to CAP AUCTIONS. ***Sample Bank Letter of Guarantee***Must be on bank letterhead***Original*** (Date) "( NAME ) is a customer of this bank, ( NAME OF BANK, BRANCH, LOCATION, ADDRESS, PHONE#). This bank will guarantee unqualified payment to CAP Auctions, 1009 N. Earl Rudder #210, Bryan, TX 77802 on account # _________up to the amount of $_________. No stop payment will be issued regarding this transaction. This letter expires on (please write the date as 30 days from auction date)" Sincerely, (Bank representative) Sales Tax All Sales will be subject to State and Local Sales Tax Laws. A person claiming an exemption from sales tax for farm use on certain items is required to have a Texas Agriculture Exemption registration number. Buyers Premium For onsite bidders, a 5% administrative fee per item will be charged to all purchases. Internet bidders will have an additional 2% fee added to each item purchased for a total fee of 7% for online purchases. Auction Site ALL BIDDERS AT THE AUCTION SITE ARE THERE AT THEIR OWN RISK. Bidder agrees the auction site is potentially dangerous due to equipment operation. Regardless of cause, Auctioneer or its agents will not be responsible for any injury to anyone at the auction site. No Warranties All sales are AS-IS, WHERE-IS, and with all faults. Bidder has had the opportunity to inspect all sale items and bidder agrees to solely rely on his/her inspection. All sales are final. Bidder will not be entitled to any adjustment, allowance, or damages or any other remedy regarding the condition of any item purchased. Risk of Loss The Buyer is responsible for their items once the auctioneer accepts the highest bid. Buyer assumes all risk and holds CAP AUCTIONS harmless of any liability resulting from theft, accidents, or fire. Buyer agrees to obtain full liability insurance coverage as may be required by law. Titles Titles are not available on sale day and will be mailed to purchaser approximately 10 business days after satisfactory settlement. No items will be sold in auction unless the title is present before the auction. No titles will be available if vehicles are marked 'No Title'. A $50 processing fee will be charged to both the buyer and seller for all titled items in the auction. Loading / Shipping Buyer is responsible for all shipping logistics and costs. All items must be removed two weeks after the sale. CAP AUCTIONS or employees are not responsible for loading or unloading equipment but will assist you with your equipment. We are not responsible for securing loads.