Auction Terms & Conditions 1. This online-only auction will begin to close at 6:00 pm. Lots will close approximately every 30 seconds. This auction uses a soft close, which provides an authentic auction atmosphere. Items will remain open for one minute after the latest bid. at 5:30pm a new, flashing button will appear allowing you to watch the auction close with a live countdown. This allows you to bid on the next 12 items scheduled to close without refreshing the page. 2. All items are offered and sold "AS IS, WHERE IS" with all faults. 3. NOTICE: Iron Auction Company, LLC will not be able to hold any items for pick up beyond the stated times. 4. Iron Auction Company, LLC reserves the right to reject any bid and/or bidder at our sole discretion. 5. This auction has a 12.5% buyer's premium. This means that a final bid of $100 plus the buyer's premium constitutes the total purchase price of $112.50. There is a $5,000 CAP per item on the premium, unless noted in the item description. So if you buy a bulldozer for $50,000 and an excavator for $60,000, your total buyers premium would be $10,000. 5. You will receive an invoice listing the items won. Payment is due at the time of pick up or within three business days. Only Cash will be accepted, no credit cards, and certainly no money orders. See payment details sections for permitted checks and wire transfer options for more expensive items. Any item and/or total over $9,999 must be paid via wire transfer. A $20 fee will be charged if paying for an amount under $5,000 amount via a wire. 6. By bidding in this auction, you are agreeing to all of the terms posted for this auction. 8. There are no shipping, moving or packing services offered. 9. Failure to pay can result in a buyer being banned from participating in future auctions. 10. This is a public auction. All sales are final. No returns. If running equipment will not start on pickup it is still the buyers responsibility to remove. This includes items that were labeled running in the description. Everything is sold "As Is". 11. A loader will be provided, however the buyer is responsible for loading should anything happen to the loader on the day of pickup and it not be able to operate. Make sure your trailer has ramps if needed. Buyer assumes all risk for loading activities and the auctioneer will not be responsible for any damages. 12. Any hours or odometer readings on equipment are what are showing. Auctioneer has not verified information to be correct. 13. All items, including vehicles are sold "As-Is" and by bidding you confirm that you have had the opportunity for you and/or a mechanic to inspect any item to ensure operation and physical qualities of the machine. No refunds. It is your duty to inspect prior to hitting bid. 14. All notary fees, taxes, titles, plates, and other costs of titled vehicles shall be paid by the buyer. 15. All titled items are subject to a $50 administration fee. The buyer will pay this fee directly to the notary. The buyer will also pay the notary for all fees, taxes, plates and etc to the notary directly. 16. All items must be paid in full by the final pickup day or the bidder loses all rights to the item. Any item paid for but not removed on the pickup day will be charge $50 per day storage. Anytime after seven days Iron Auction Company may sell the item to settle storage costs. Any titled vehicle that has had the paperwork transferred will be considered abandoned/parked illegally and towed away by an outside company. The buyer shall pay for towing and storage fees. 17. Iron Auction Company, LLC shall never be responsible for any expenses or damages resulting from a transaction and shall not be liable for more than the sales price of the item, fees, and buyers premium charged. 18. ALL VEHICLES SELLING FOR UNDER $1,000 WILL BE CHARGED A $125 ADMIN FEE. All vehicles selling for over $1,000 will be charged the traditional $50 Notary Fee
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