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Business Policies
The auction promotes these policies to ensure that all business
is fair to both buyers and sellers.
If the auction feels that a business transaction is unethical it may
terminate the sale.
The
auction does not guarantee or get involved with any warranty
coverage including factory or dealer warranty on vehicles sold
at auction.
The auction does not guarantee that information on Auto Check,
Carfax, etc and will not arbitrate based solely on this
information.
All arbitration issues should be discussed no less than 1 hour
after the sale, and at this time all concerns need to be
addressed in initial claim.
Auction is not responsible for
loss or damages to any vehicles left on Auction Premises at
owners request and risk, Auction has right to tow/impound
vehicle if left in parking lot for more than 1 week.
ABC Atlanta Sale- Light
System
The
auction has a customized light system to describe the condition
or announcements related to the vehicle being purchased.
The light system is as follows:
·
Green Light - "Drive" this signals that the vehicle is
guaranteed under policies listed in section,
Sale Date
Arbitratable Items,
with exceptions for specific announcements made prior to sale.
·
Yellow Light
-
"Caution/Listen" this light is an indication to the buyer that
the seller has made announcements that limit this vehicle from
being arbitrated.
·
Red Light - "As Is" this light indicates that only
qualifying vehicles under
Red light arbitration section.
·
Blue Light -"No Title" Assignable title not present at
time of sale. For auction rules regarding Titles please see
assigned section.
The seller understands that the sale lights are a
prerequisite statement for vehicle conditions, and is
responsible for ensuring that their vehicles sell under the correct
light.
The buyer
is also responsible for
listening to
announcements
related to vehicle and to understand the sale lights which
identify sale conditions.
“AS IS” vehicles sold under red light
The following conditions represent an “AS IS” sale and are not
subject to arbitration for any reason, except odometer
discrepancies, frame/unibody and mandatory announcements in
previous section.
1.
All vehicles sold
under $3000.00.
2.
All vehicles
10 years
old and older.
3.
All vehicles
over
100,000 miles.
4.
All
miscellaneous items
such as boats, campers, taxi’s, motorcycles, dune buggies,
trailers, jet skis, antique cars, snowmobiles, these items are
exempt from arbitration for frame/unibody damage, mileage/hours
and year model.
5.
All off
the block sales are sold “AS-IS”, it is buyers responsibility to
inspect vehicles.
6.
All vehicles for $500.00 or less are exempt from frame/unibody
arbitration.
7.
All vehicles
sold at
In-Op sale
are sold AS-IS, no exceptions.
8.
Auction
does not
guarantee miles on vehicles that are exempt regardless of what seller announces.
9.
Cars 10 years or older are exempt. All vehicles that are Exempt
are TMU. The True mileage is not known on Exempt vehicles. TMU
does not have to be announced on Exempt vehicles. The state of
Georgia does not recognize miles on cars 10 years or older.
Title Policy
The auction guarantees the titles of vehicles that are sold
at auction are clear of all liens. Failure to announce that the
title is not present at the sale “No title” (blue light) at the
block permits the buyer to void the transaction; this is limited
to “sale day only”. If vehicles is sold with title, title must
be turned in no later than 12:00 noon on Wednesday for Tuesdays
Sale and no later than 12:00 noon on Mondays or a “no title fee”
will be charged.
Late titles:
Buyer is cautioned not to spend any money on unit (you will
not be reimbursed) and not to put excessive miles on unit, not
to damage unit and not to sell unit until title is received.
After 30 calendar days, the buyer has the option to return the
unit or wait for a reasonable period of time for title. Special
arrangements must be made with Auction before unit is returned.
Auction must be notified 24 hours prior to return of the unit by
the Buyer. The Buyer must have prior approval from Auction
management to return any unit to Auction. The Seller is
responsible for all Auction fees due on transaction.
Seller Responsibilities
1.
All conditions, mileage discrepancies, and known defects
are fully disclosed. All insurance company information such as
total loss, flood damage, theft, collision and government title.
2.
Seller must disclose all mandatory announcements under
Seven Day- Mandatory Announcements regardless of lights.
3.
Seller as clear and valid title (see section Title
Policy).
4.
All Gray Market vehicles must be announced.
5.
Odometer Status- Actual Miles, Exempt, TMU, replaced,
Salvage History, Theft Recovery, Lemon law buybacks, donated
charity, former taxis, livery, municipal and government
vehicles.
6.
State of Georgia Ad Valorem (taxes owed on a car prior to
trade-in by public individual,) exceeding $100 or 1 year must be
announced by the seller. The seller will then be responsible to
reimburse the buyer the monies due to the state.
Buyer Responsibilities
1.
Buyers should inspect vehicle fully before purchase and
verify seller’s disclosures. The VIN, year, make, model, mileage
and odometer must be checked before leaving.
2.
The auction is not responsible for administrative errors.
It is buyer’s responsibility to listen for announced conditions
and watch for lights.
3.
Buyer will follow Auctioneers price, any discrepancies
should be addressed at the time before the auctioneer says
“SOLD”, not following the sale. Items written in vehicles by the
seller are a representation and are subject to arbitration.
4.
Buyer will pay bid price plus buyers fee as posted
through out auction. Buyer also guarantees sufficient funds,
draft or floor plan. Dealers check must be printed to match
dealer’s license and auction registration, NO personal checks.
5.
Buyer agrees that if vehicle is returned to auction it is
in the same condition or better when purchased. Buyer may be
charged for damage, or excessive mileage which will be
determined by the auction.
Gray Market Vehicles
No
Gray Market vehicles other than vehicles made in North America
for Canadian use that are converted to U.S conditions can be
sold. The vehicle must be in conformance with all federal safety
standards. Seller must also disclaim that vehicle is a Canadian
vehicle at time of registration and announced on block. Vehicle
must have valid title.
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