When you register for a Riverkings Auto LLC auction service timed online auction you registration name will appear on the invoice if you made a purchase. Register in the name that is to appear on the invoice. ALL SALES ARE FINAL AND AS SUCH ALL INVOICES ARE FINAL. No invoice or bidder registration will be changed or altered after the fact, in any way. Once the bidder registration form has been completed online in full and submitted, and you have been approved to bid by Riverkings Auto LLC you will then have confirmed and agreed to the following:
Terms and Conditions of sale:
Riverkings Auto LLC (as the auction company) reserve the right to approve a registration, refuse a registration for bidder and/or revoke the respective registration at any time.
2. Your password, along with your email address will allow you to log into our auction and bid. Please remember that your bidder number is permanent, and you can use the same number for all Riverkings Auto LLC Online auctions.
3. The Owner & Auction Company - Riverkings Auto LLC is not responsible for any loss or accidents on site of an auction.
4. A ten percent (10%) buyer's premium is in effect on all items at every Riverkings Auto LLC online timed auction. Please note that the buyer's premium is a taxable service.
5. All invoices totaling $500 or less will automatically be billed to purchaser’s credit card on file. For larger purchases a non-refundable deposit of $500 will be charged against purchaser’s credit card unless previously approved by auction company.
6. All registered bidders are held personally liable and financially responsible for any and all bids placed with their respective "Bidding Number". By virtue of you accepting Riverkings Auto LLC Terms and Conditions of Sale, you are agreeing to pay the bid amount, in addition to the Buyer’s Premium and Harmonized Sales Tax ("HST"), within the timeline dictated by the Auctioneer. Bidders may be exempt from certain taxes, only on condition that they can provide appropriate proof to Riverkings Auto LLC that they have an exception status for that item. This may take the form of a status card or bill of lading.
7. Please inspect your purchase prior to bidding. The purchaser shall be deemed to have inspected the equipment and/or lot(s) and have carefully read the description of the respective equipment and/or lot(s) to their full satisfaction before making their bid(s).
8. Any catalog description shall be invalidated by reason of any defect or inaccuracy in any of the lots. Riverkings Auto LLC maintains the right to add or delete any lots during the Auction.
9. When the auction of the item that you are bidding on closes, you agree that you have entered into a binding contract with Riverkings Auto LLC for the purchase of the specific lot(s).
10. Each item in this online auction has a specific time when the bidding will close. Please ensure that you check the closing times on the items you wish to bid on.
11. If a buyer enters a bid at the last minute of the auction, the ending time of the auction will automatically be extended until one bidder remains. This is referred to as a “soft close” or auction extension.
12. All sales are final and all purchased equipment and/or lot(s) must be paid in full to Riverkings Auto LLC. The buyer agrees that all items offered at auction are strictly sold on an “AS IS WHERE IS” basis. Riverkings Auto LLC will not warranty or guarantee any item in the sale. All items purchased must be removed by the date and time stated by the Auctioneer. No item will be removed by the buyer without full payment being made.
13. All Buyers agree to insure their purchased equipment as against any and all losses subsequent from the auction date until the removal of the equipment and/or lot(s) from the auction sale site.
14. Should the debt remain unpaid Riverkings Auto LLC reserves the right to take legal action to remedy its situation. This may include referral of the file to a collection agency which will reflect on the Buyer’s credit standing. Claims against the buyer will include but not be limited to: any deficiency in the reselling price of the item; daily storage fees; reinstatement fees and any legal fees incurred by the Auctioneer.
15. All items purchased by the buyer are the responsibility of the buyer and must be removed by the buyer. Riverkings Auto LLC will assist with the loading of certain pieces requiring fork lift or heavy lifting assistance. All other items must be loaded by the buyer.
16. No person shall bid on any lot for which they are the consignor or an agent or associate of the consignor.
17. If for any reason, Buyer fails to remove any purchase within the stated timelines as stated by the Auctioneer, the purchase will be subject to storage charges of $20.00 per day per item. The Auctioneer may deem the item to be abandoned by the Buyer, at its sole discretion. The item will be resold at the next auction. Any deficiency in the selling price will be added to the storage fees and be the responsibility of the original Buyer.