The safety of our customers here at General Auction Co. is #1. We are monitoring the spread of the COVID-19 closely and we have gone over restrictions in place and verified our plan.

Like others in the industry General Auction offers an array of equipment necessary to support essential critical infrastructure such as telecommunications, electric, water, sewer.

General Auction has also made available transportation for the utility and City municipalities to help support equipment critical to the industries previously mentioned.

We acknowledge and respect the government's recent shelter in place plan for the immediate public health issue. Until further notice, all sales will move to a timed, online-only format.

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 provide a valid driver license and will be responsible 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 paperwork for you at the D.M.V. ($70.00 processing fee), which includes smog or safety certification ($58.25). Certain vehicles may be classified as “Dealer Only” these vehicles will need to be purchased by a 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. Company policy is No vehicles will be sold to the public on the basis of buyer demand title (No exceptions)

*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 acquired 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. The Cancellation option is offered to passenger Vehicles only. 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, miscellaneous, general or specific merchandise, are for reference only. Information provided by any auction employee will need to be verified by the bidder of each lot. The Buyer has the final obligation to determine the size, condition, shape, year, make, model, and value of each item at the state it is in as it sits. 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 
On-site bidders will need to register with a valid Driver's License and a $500.00 CASH Deposit is required for all participants in CA. Out of state bidders are required a $1,000.00 CASH Deposit. This may be held during the auction and is fully refundable if nothing is purchased during the sale. (Only applies to on-site bidders)

Online bidders will need to register with a valid Driver's license and credit card and leave a $500 deposit. To increase your spending limit amount from $25,000 to $50,000, an additional $500 deposit is required, for a total deposit amount of $1,000. Deposit is held during the auction and is fully refundable if nothing is purchased during the sale. the transaction will be voided the next business day.

Payment:
Successful bidders will be notified of winning bid on sale day, Invoices will be emailed no later than the end on the 1st business day after the sale (Monday). Full payment must be made by the close of business on the 3rd business day after the sale (Wednesday), unless agreed to in writing by General Auction Company management. Any amounts not paid when due shall be subject to a late payment fee of $35 per invoice item and General Auctions cost of collection (including reasonable legal fees and costs) and shall accrue interest at a rate equal to (i) 1.5 percent per month or (ii) the highest rate permitted under applicable law, on the unpaid balance, commencing on the due date. (Garrett v. Coast and Southern Federal Savings and Loan, 108 Cal. Rptr. 845 (July 18, 1973) Discussing a situation involving a credit card debt: "the borrower "remains liable for the actual damages resulting from the (buyers) borrowers default.  In addition, if any amount due to General Auction Co. is not paid by the Due Date, General Auction Co. may, at its sole discretion, terminate or suspend the non-paying User's account and/or withhold from the bidder General Auction’s Services until such time as full payment is made. Notwithstanding any such cessation or suspension of said Services, the User shall continue to be obligated under this Agreement to pay the remaining balance (including accrued interest) due to General Auction Co.

A 3% processing fee will apply to all payment methods

Acceptable Payment Methods:
Cash, Cashier Check, Money Order, Credit Card or Wire Transfer! A 3% discount applies to all cash, cashier check, money order & wire transfer payments.
A $25.00 transaction fee applies to all wire transfer

Buyer's Fee:
On-Site
A 13% Buyer's 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 DMV fees that apply.
A 15% Buyer's 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.

Online Bidding (because of the COVID-19, we are removing the 3% online bidding fee)
A 13% Buyer's 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 DMV fees that apply.
A 15% Buyer's 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. Online Absentee bids closes @ 7:00 AM (PST) the day of the sale.

Online Bidding Miscellaneous ONLY Auction Notice: Bid status is subject to show "May Have Won" When Auction Closes. The Placed Internet bids from this sale are downloaded when the Auction closes (6:00 AM PST "Sale Day") and are processed through a secondary system. Please review the final invoice to confirm winning bids.

A twenty-five percent (25%) deposit is required on each lot purchased at the award of bid. Deposit must be cash, credit card, 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 seller permit on file with G.A.C. prior to the sale or pay sales tax.

Removal
Removal All items must be removed within five (5) calendar days after the sale (Friday, by appointment only). A $20 per day storage fee will apply on each and all lots not removed by Friday 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. Not picking up items will give General Auction Co full rights to dispose or sell any left behind items after one week after said sale date.

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
7015 Knott Ave. Buena Park CA, 90620
P: 714-670-8510
E: support@generalauction.com