Online Only Bank Repo & Consignment Auction

Commercial Auction in 107 Oak Valley Dr, Macon, Georgia, United States

25 Tuesday
25th August, 2020

Online Only Bank Repo & Consignment Auction

Commercial Auction in 107 Oak Valley Dr, Macon Georgia, United States

Tuesday at - 25th August , 2020

Notes

Terms and Conditions of Sale Buyer's Fee: 10% Buyers Fee with Cash or Check 15% with Credit Card TAVT tax, $100 processing fee & $18 title fee on non-dealer vehicles sales This is an online only auction. There will be no live event for this auction. By registering to bid on the internet for this auction, you acknowledge that you have read & understand the terms and conditions for each auction and/or auction item, and you agree to abide by all terms and conditions for each auction and/or auction item. You further agree that you have read the general terms and conditions and terms of website use posted at www.bidderone.com under the Information heading. These terms are also available in our office. Inspection: Location, Date and Time for inspections will be posted on the Auction Catalog. Buyers understand they view property at their own risk and L.W. Benton Co, its representatives, nor the Seller or their representatives are responsible for accidents or damage to personal property during any inspection. End Times: Please note, L.W. Benton Company Inc. Online Only Auctions and Online Pre-bidding have an auto extend feature. Any bid placed within 5 minutes of the auction ending will automatically extend the auction for 5 minutes for that item. Example: If an auction scheduled to end at 10:00 a.m. receives a bid at 9:59 a.m., the auction will automatically extend 5 minutes to allow the previous bidder time to bid. The auto-extend feature remains active until no further bids are received within the 5 minute time frame. Payment: Cash, Approved Check, MasterCard, Visa. 10% Buyers Premium with Cash or Check. 15% Buyers Premium with Credit Card. For wire transfer instructions, please call 478-744-0027. All wire transfer fees will be the responsibility of the buyer. Local Georgia Sales Tax will apply to each item. Dealers buying for resale may be exempt from paying sales tax if the dealer has a sales tax number and a signed tax exemption form at the time of payment. All payments must be made to L.W. Benton Company, Inc. Purchased items must be paid for in full within 48 hours of the close of the auction, unless other specific payment arrangements have been agreed to and approved by L.W. Benton Company. After that time, L.W. Benton Company, Inc. reserves the right to charge the full purchase price, as well as any fees, to the credit card on file from the Bidder’s auction registration. NOTE: NEW STATE TAVT TAX will apply to all titled vehicles. Tax will be calculated based on value as determined by the state, NOT the actual sales price. Please call or ask an auction representative for details. Vehicle Documentation Fee: There will be a $100 processing fee and an $18 title fee added to all vehicle and equipment purchases that require a title or document transfer with the State. When signatures are required to transfer the title, it is the sole responsibility of the buyer to submit the necessary signatures and information for that transfer. L.W. Benton Co, nor the Seller, will be responsible for any late fees accrued for a title transfer as the result of negligence or untimely submission of paperwork by a Buyer. Vehicle Title Cancelation: Buyers who purchase titled vehicles with the intent to scrap, salvage and/or dismantle said vehicles may be exempted from the $100 document fee by signing a letter stating their intent to do so, thus granting L.W. Benton Co. permission to request that the State cancel the current title. Upon doing so, Buyers understand that there is no remedy to this request and a title cannot be reapplied for once submitted to the state for cancellation. A title cancellation fee may apply. Seized Vehicles: Some of the vehicles in this auction may be sold by court order. LWBC will apply for a new title in the purchaser's name; however it can typically take 60-90 days or more to receive a new title for a vehicle sold by court order. Pick-up of Items: At the completion of the auction, successful bidders will be emailed an invoice with payment instructions. Winning bidders must make payment in full or approved payment arrangements within 48 hours after the close of the auction. Payment must be made to L.W. Benton Company, Inc. , either in person at our office located at 107 Oak Valley Drive, Macon, Georgia 31217 or by wire transfer, credit card or approved check sent via overnight delivery. Sellers cannot accept payment. Payment will be accepted in the form of cash, credit card, cashier’s check, or good personal or company check. All personal or company checks are subject to approval of L.W. Benton Co., Inc. Upon receipt of payment in full the purchaser will receive an invoice marked “Paid”, which must be presented at time of pick up. L.W. Benton Company Inc. and/or Sellers are in no way responsible for pick-up, delivery or assisting in loading out of property as this is the sole responsibility of the successful bidder. It is the successful bidders’ responsibility to remove property within the pick up dates specified. No items may be picked up without an original invoice from L.W. Benton Company, Inc. marked “PAID.” Pick-up times are subject to normal operating hours of the auction facility or location of the seller. In most government cases, this is limited to Monday thru Friday, with varying times, excluding holidays; however Sellers can provide specific days and times. It is recommended that winning bidders ALWAYS call to arrange pick-up to avoid arriving after hours or when Seller is not available. In the event that a Seller or representative of L.W. Benton Company agrees to assist in the load out of purchased lots, Buyers understand that neither the Seller, L.W. Benton Company nor its representatives are responsible for any damage to the Buyers’ property of any kind. Penalties: Purchases not picked in accordance with the removal terms will be forfeit and resold to cover storage fees with no credit given to the original buyer. Buyers accounts will then be turned over to a collection agency for any delinquencies and storage fees yet unpaid. Shipping: Shipping: L.W. Benton Company, nor its Sellers, offer shipping on auction items; however, L.W. Benton Company may be able to assist buyers in locating and securing shipping means when necessary, although this may incur additional costs depending on the circumstances. Any and all shipping costs are the sole responsibility of the buyer. Condition of Property: Please note that we have not made any attempts to test any items. Items may be missing parts including but not limited to keys. All bidders, including buyer, should rely solely on personal inspection and not information listed in these items, on the website, or otherwise provided by L.W. Benton Company, Inc. or seller. Any bidder's failure to inspect, or otherwise be fully informed as to the nature, quality, condition, quantity, and size of any items will not constitute grounds for any claim, adjustment, refund, termination of the Auction Contract, or refusal to close the sale. Any and all information regarding the condition of property is derived from sources believed to be true and accurate but is not guaranteed by the Seller or L.W. Benton Company. It is the sole responsibility of the Bidder to verify any and all information. Definition of “Runs and Drives”: This description means a vehicle or piece of equipment should crank – either on its own power or with the assistance of a new battery, jump box or jumper cables – and move under its own power. It is not inferred to mean anything further. Definition of “good engine” and/or “good transmission”: This description means that while a vehicle may not “run and drive” for various mechanical reasons, the engine and/or transmission in the vehicle is believed to operate properly and be in good working order. L.W. Benton Company urges Bidders to thoroughly inspect all fluids before attempting to operate any vehicle or equipment. Odometers and Hour Meters: Any odometer or hour meter information listed is simply the current reading of the meter. L.W. Benton Company has made no effort to verify these meters and lists them solely for informational purposes. Municipality Logos: Government logos or designations that appear on vehicles in photos may be removed or painted over – partially or in full – at the Sellers’ discretion. Auction Bid Default: If the winning bidder's credit card information is on file with L.W. Benton Company, Inc., that card can be charged for the total purchase price plus one $25 late payment fee if payment is not otherwise made or arranged within 48 hours of the close of the auction. If no credit card information is on file or if the information is insufficient or outdated, a $25 late payment fee will be assessed for each partial or full day beyond the payment deadline for which payment is not made. If items are not timely removed as required above, a $10.00 handling and storage fee will be assessed per auction lot, per day. If an item is not removed within twelve (12) days after the auction, the item can be considered abandoned property, with all of the buyer's rights and interests in the property extinguished with no refunds owed or offered to the buyer. The seller reserves the right to sell these items to backup bidders and hold the original bidder liable for resulting losses to the seller. L.W. Benton Company, Inc. and/or the seller reserve the right to pursue all legal remedies. Legal courses of action: Bids are a binding offer to enter a contract and you are responsible for honoring them. Every legal remedy available will be used to ensure buyer's performance of this contract. Buyer accepts responsibility for and agrees for buyer and all of buyer's agents, representatives, successors and assigns to indemnify, defend and hold harmless sellers & L.W. Benton Company, Inc., their employees, governing body, officers, owners, affiliates, subsidiaries, directors, agents, and represent

Description

Online Bank Repo & Consignment Car Auction
Bidding Begins Closing Tuesday, August 25th at 12 Noon

Location:  L.W. Benton Company Facility - 107 Oak Valley Drive, Macon, GA

Inspections:  Monday, August 24th from 10AM - 3PM

Pickups:  Wednesday, August 26th 10:AM - 3PM & Thursday August 27th 10AM - 3PM

10% Buyers Fee for Cash or Approved checks on All Purchases
15% Buyers Fee for Credit/Debit Card Charges
TAVT Tax, $100 processing fee and $18 title fee added to all non-dealer sales
Everything Sold As-Is, Where-Is - No Returns - No Refunds

All Items sold Subject to Owner Confirmation


NOTE: TITLE AD VALOREM TAX (TAVT) CHANGES (Effective January 1, 2020)
TAVT rate is calculated at 6.6% of the total sales price for vehicles sold by dealers OR 6.6% of the value determined by the States "DRIVE" system for vehicles sold by non-dealers.  

Please Note:  Any and all information regarding the condition of property is derived from sources believed to be true and accurate but is not guaranteed by the Seller or L.W. Benton Company.  It is the sole responsibility of the Bidder to verify any and all information.  Do Not Assume that if nothing is in the description for an item, that there is nothing wrong with the items.  It may simply mean that we have no information to share for that item.  We highly encourage all bidders to inspect items for themselves.  

Definition of ‘Cranks and Runs’: This description means a vehicle or piece of equipment should crank and run either on its own power or with the assistance of a new battery, jump box or jumper cables.  It is not inferred to mean anything further.  L.W. Benton Company urges Bidders to thoroughly inspect all fluids, tires, etc. before attempting to operate any vehicle or equipment.

Odometers and Hour Meters: Any odometer or hour meter information listed is simply the current reading of the meter. L.W. Benton Company has made no effort to verify these meters and lists them solely for informational purposes. 

Condition of Property: All Vehicles sold as-is with no warrantee or guarantees. Please note that we have not made any attempts to test any items. Items may be missing parts including but not limited to keys. All bidders, including buyer, should rely solely on personal inspection and not information listed in these items, on the website, or otherwise provided by L.W. Benton Company, Inc. or seller.  Any bidder's failure to inspect, or otherwise be fully informed as to the nature, quality, condition, quantity, and size of any items will not constitute grounds for any claim, adjustment, refund, termination of the Auction Contract, or refusal to close the sale.  Any and all information regarding the condition of property is derived from sources believed to be true and accurate but is not guaranteed by the Seller or L.W. Benton Company.  It is the sole responsibility of the Bidder to verify any and all information.  Please note that L.W. Benton Company, nor the seller will be responsible for any emissions certification. It is the sole responsibility & risk of the buyer whether or not a vehicle can or will pass emissions inspections.

‘Subject To Owner Confirmation’ or ‘With A Call’ SALES  All items are sold subject to owner confirmation unless advertised absolute. After the bidding concludes, the the auction will call the seller to get confirmation of bid. In some cases this could take 48 hours following the sale.   Our office will send you an invoice by email once the vehicle has been confirmed sold.

Payment:  Items purchased online must be paid for in full within 48 hours of the close of the auction, unless other specific payment arrangements have been agreed to and approved by L.W. Benton Company prior to the auction.  After the specified times, L.W. Benton Company, Inc. reserves the right to charge the full purchase price, as well as any fees, to the credit card on file from the Bidder’s auction registration. 

Vehicle: There will be a $100 processing fee and an $18 title fee added to all vehicle and equipment purchases that require a title or document transfer with the State. By state law, the auction company is required to collect the TAVT tax at the time of purchase and remit to the state on behalf of the buyer.  For vehicles that the State of Georgia’s system does not recognize and does not provide a TAVT value, the TAVT will be figured at the local sales tax rate. All non titled items will be charged the local sales tax rate.

End Times:  Please note, L.W. Benton Company Inc. Online Only Auctions  have an auto extend feature. Any bid placed within 5 minutes of the auction ending will automatically extend the auction for 5 minutes for that item. Example: If an auction scheduled to end at 10:00 a.m. receives a bid at 9:59 a.m., the auction will automatically extend 5 minutes to allow the previous bidder time to bid. The auto-extend feature remains active until no further bids are received within the 5 minute time frame.  Online auction may also have staggered end times.  For Example, the first 10 items may begin to close at 10am, the next 10 items will begin closing at 10:05am and so on until all lots have started closing.

Bid Increments:  
$100 - $499 = $10 increments
$500 - $999 = $25 increments
$1000 - $4,999 =$50 increments
$5,000 - $9,999 =$100 increments
$10,000 - $49,999 = $250 increments
$50,000+ = $500 increments



Buyer's Fee:
10% Buyers Fee with Cash or Check
15% with Credit Card
TAVT tax, $100 processing fee & $18 title fee on all non-dealer vehicles sales


Seller's Fee:  
Non-Dealer Seller Drop Fee = $25.00
&
Sale Fee (based on final bid price of vehicle)
$0.00 - $299.00 = $55.00
$299.00 – $3999.00 = $100.00
$3999.00 – 4999.00 = $120.00
$4999.00 - $5999.00 = $135.00
$5999.00 - $6999.00 = $150.00
$6999.00 - $7999.00 = $170.00
$7999.00 - $8999.00 = $185.00
$8999.00 - $9999.00 = $200.00
Over $10,000.00 = 2.5% of the Sales Price

L.W. Benton Company, Inc.
107 Oak Valley Drive
Macon, GA 31217
478-744-0027
[email protected]
www.bidderone.com

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Location has been calculated by address and may not be 100% accurate.




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