Name Vehicles, Equipment & Miscellaneous May 27th 2017
Auctioneer General Auction Company
Type Live Webcast Auction
Date(s) 5/1/2017 - 5/27/2017
Saturday May 27th @ 10:00 AM (PST)
Preview Date/Time Thursday & Friday May 25th & 26th From 10:00 AM to 4:30 PM (PST)
Checkout Date/Time May 29-31 From 8:30 AM to 4:30PM
Location 7015 Knott Ave.
Buena Park, CA 90620
Buyer Premium 16% vehicles & 18% Equipment/Misc.
Description
The auction is split between two simultaneous rings. One ring which is located outdoors, selling primarily vehicles, construction equipment, and miscellaneous items. And the second ring starting indoors followed by outdoor items, these lots consist of all miscellaneous.
Auction Terms General Auction Company will be selling all vehicles as a California Licensed Motor Vehicle Dealer. Each buyer of vehicles will be required to pay all sales tax, D.M.V. fees, and buyer fees. These fees will be paid to General Auction Company. General Auction Company will process all paper work for you at the D.M.V., which includes smog certification. Certain vehicles may be purchased by Licensed Dealer/Dismantler only. Please do not bid on these vehicles if you do not possess a valid Auto Dealer License. Dealers must register prior to bidding on these vehicles. Notice to Public: "There is No Cooling-off period unless you obtain a contract cancellation option" California law does not provide for a "cooling-off" or other cancellation period for vehicle lease or purchase contracts. Therefore, you cannot later cancel such a contract simply because you changed your mind, decide the vehicle costs too much, or wish you had required a different vehicle. After you sign a motor vehicle purchase or lease contract, it may only be canceled with the agreement of the seller or lessor or for legal cause, such as fraud. However, California law does require a seller to offer a 2-day contract cancellation option on used vehicles with a purchase price of less than $40,000.00, subject to certain conditions. This contract cancellation option requirement does not apply to the sale of a motorcycle or an off-highway motor vehicle subject to identification under California law. See the vehicle contract cancellation option agreement for details. 11709.2 California Vehicle Code. The property to be sold is sold in an "as is, where is" condition, with all faults. There are no warranties of any kind, expressed or implied by Seller, auctioneer, MFG, distributors, or employees of General Auction. No adjustments will be made on any item for any reason whatsoever. All descriptions of vehicles, equipment, tools, parts, machines, general or specific merchandise, are for reference only. The Buyer has the final obligation to determine the size, condition, shape, year, make, model, and value of each item. All sales are final! Registration Each bidder must register and qualify with G.A.C. to bid on auction items. The bidder will be recognized by number only. Each qualified bidder will be issued a numbered bidder card. Each lot will be identified by lot number. Each sale will be audio/video recorded by number only. Deposit All internet bidders will need to register with a valid credit card. Credit cards will be verified at time of registration and every 180 days with a dollar transaction. If you plan on spending more than $100 at the sale, you will need to increase your spending limit amount. To increase your spending limit amount to $25,000, a $500 despot is required. You will also have a second option to increase your spending limit up to $50,000 with a $1,000 deposit. Acceptable payment Methods: Cash, Money Order/Bank Draft, Credit Card, or Wire Transfer. Online Bidding A 16% Buyers' Premium will apply on all Vehicles & Construction Equipment along with a $20.00 lot fee for Construction Equipment in addition to all other taxes and fees that apply. A 18% Buyers' Premium will apply on all Miscellaneous along with a $20.00 per lot fee on each lot purchased in addition to all other taxes and fees that apply. A twenty-five percent (25%) deposit is required on each lot purchased at award of bid. Deposit must be cash, or cashier's check. The balance must be paid by 4:30 p.m. on the following business day. Delivery of the merchandise can be arranged after receipt of the full purchase price. All state and local sales tax will apply. Re-sellers must have a valid sellers permit on file with G.A.C. or pay sales tax. Removal All items must be removed within four (4) calendar days after the sale. (Wednesday). A $20 per day storage fee will apply on each and all lots not removed by Wednesday after the auction. (No exceptions) Any loading or moving of items is the sole responsibility of the Buyer. Removal shall occur during regular business hours established by General Auction. Diesel Warning. In accordance with California Code of Regulations Title 13 certain Portable Diesel Equipment and Off-Road Diesel Vehicles may not be legal to operate in California currently or in the future depending on the age of the equipment, application, and other factors and for all off-road diesel vehicles, that "when operated in California, any off-road diesel vehicle may be subject to the California Air Resources Board In-Use Off-road Diesel Vehicle Regulation. It therefore could be subject to retrofit or accelerated turnover requirements to reduce emissions of air pollutants." General Auction Company 015 Knott Ave. Buena Park CA, 90620 714-670-8510 support@generalauction.com
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100.00 25.00 USD
100.01 - 10,000.00 100.00 USD
10,000.01 - 20,000.00 250.00 USD
20,000.01 - 35,000.00 500.00 USD
35,000.01 - 50,000.00 750.00 USD
50,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 16% vehicles & 18% Equipment/Misc.
Payment Terms
You will receive an invoice the following business day. The balance must be paid by 4:30 p.m. on the following business day. All state and local sales tax will apply. Resellers must have a valid seller's permit on file with GAC or pay sales tax. A $20 per day storage fee will apply on each and all lots not removed by Wednesday after the auction. (No exceptions).
All items must be removed within four (4) calendar days after the sale. (Wednesday). A $20 per day storage fee will apply on each and all lots not removed by Wednesday after the auction. (No exceptions). Any loading or moving of items is the sole responsibility of the Buyer. Removal shall occur during regular business hours established by General Auction.