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 paperwork 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 another 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, miscellaneous, 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.

On-Site Deposit
A $500 CASH Deposit is required for all participants. 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 Bidding Deposit
Internet bidders will need to register with a valid credit card and leave a $500 deposit. To increase your spending limit amount from$25,000 to $50,000, an additional$500 despot is required., for a total deposit amount of$1,000.

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 forConstruction Equipment in addition to all othertaxes andfees that apply.

An 18% Buyers' Premium will apply to 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 atthe award of bid. Deposit must becash or cashier's check. Thebalance 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 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.

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