Buyers fee of 11% (eleven percent) of the vehicle bid amount will be charged to the purchaser for each vehicle purchased. Minimum sales commission on vehicles is $500.00 (CAD). Payment instructions will be sent once bidding is complete for each item. A $1000.00 (CAD) deposit is required immediately upon being declared the winning bid and will be paid via email invoice. 1. Terms within in Canada are: cash, certified cheque, bank draft, bank wire, or email transfer. Terms outside Canada are: bank wire or email transfer only. All other payment arrangements must be approved by senior management. 2. All bidders must have a bidder’s number in order to bid. Registered Bidders are responsible for ALL purchases made on the Bidders Number; do not lend it or lose it. 3. All vehicles, RVs, boats, planes or memorabilia is sold “As-Is” and without guarantee by the Auction. In any & all circumstances, the Auction shall not be responsible for any guarantees or warranties, implied or not implied. 4. All statements by the Auctioneers, Announcers, Employees & those statements printed in advertisements are believed to be correct. However, bidders are to examine all automobiles & other items before bidding & purchase based upon his or her opinion & examination. Franklin Auction Co. Ltd. reserves the right to refuse and/or revoke a Bidders Number at its discretion. 5. The Auction will not be responsible for any errors, omissions, representations, or miscommunication between registered bidders and the Auction company representatives during bidding. The Auction cannot guarantee visual, audio, or electronic services will not be interrupted or become completely unusable, thereby making it impossible for bidders to communicate. This includes but is not limited to online bidding platforms. 6. All automobiles are offered for sale subject to reserve price set by seller unless otherwise indicated. The Auction and its employees retain the right to bid on behalf of a Consignor as their agent. 7. Ownership of an item passes to Bidder when Auction Platform declares item as “SOLD”. At that time, the new owner assumes full responsibility of the item, including but not limited to insurance, damage (whether self inflicted or by a third party), fire, theft or any other events as may occur. 8. Should any dispute in a bid arise, the Auction will use their judgement & their decision is final. 9. All vehicles must be removed from the sale site by purchaser within 10 business days of full payment being received by the Auction. If the vehicle is not removed by the deadline, the Auction will remove & store the vehicle at the owner’s risk & expense. 10. A purchaser’s failure to comply with all the conditions of the sale entitles the Auction and the consignor to use other available remedies or courses of legal action to hold the purchaser liable. This may include the following: a. Cancel the sale & retain as liquid damages all payments made by the purchaser; and/or, b. Re-sell the property to a new purchaser at a private or public sale & in any event the purchaser shall be liable for deficiency plus any incurred legal fees or court costs. 11. Delayed Payment Agreement with Deposit: a. I agree to pay in full by Terms listed in paragraph one of this document, the amount owed on any vehicle for which I successfully bid on b. I agree to pay a $1000 deposit immediately upon being declared the winning the bid via an email invoice c. I understand that the entire amount of any purchase I make must be paid for by 1pm MST on the third business day after the sale; and, d. I understand that failure to pay for my purchase on time will entitle the Auction and the consignor to hold me liable. This may include all legal fees & court costs. 12. As a buyer of a vehicle at this auction, I explicitly waive my rights to any implied warranty as set forth by the law. I am aware that it may be required to complete a Safety Inspection before being registered and driven depending on the Laws & Requirements of the province or state I live in. As collector vehicles, these automobiles may not be fit for ordinary driving & may not be reasonably safe & free from defects. This includes but is not limited to tires, brakes, steering, motor mounts, front and/or rear drive units. 13. Consignment auctions and consignees are not required to obtain the emissions inspections or tests required by provincial or federal law. Any emissions inspections or tests required must be obtained by you, the buyer, before the motor vehicle can be registered. The buyer must understand that once the auction is complete, and if the buyer resides in an area that requires inspection and/or testing of motor vehicles, that the buyer is responsible for any emissions inspections and/or tests required by law. 14. Buyers fee of 11% (eleven percent) of the vehicle sold amount will be charged to the purchaser for each vehicle purchased. Minimum sales commission on vehicles is $500.00 (CAD). Buyers fee of 25% (twenty-five percent) of the bid amount will be charged to the purchaser for each lot of memorabilia. Bidders for memorabilia must also be registered and have a bidding contract in place. 15. All vehicle and memorabilia purchased, as well as the bidder’s commission fee, by Canadian purchaser’s will be subjected to applicable GST/HST or applicable taxes for the provinces in which they are sold. Vehicle and memorabilia purchased by bidders outside of Canada will not pay GST/HST or applicable taxes.