ARBITRATION POLICY
 
SUBJECT TO ARBITRATION UNLESS ANNOUNCED
CARS WITH A DRIVE
 
Must find $800.00 or more for each defect in order to arbitrate:
1) Motor defects or bearing noise
2) Transmission - clutch - rear end
3) Frame damage and excessive frame or floor rust, repaired or not, must be announced.
4) Brakes when vehicle is considered by arbitration to be unsafe to drive
5) Front end problems when considered by arbitration to be unsafe to drive
6) Engine defects or excessive internal noise
7) If non-dealer purchases vehicle, the odometer must work. If the vehicle is sold with a drive to a non-dealer, it must pass a North Carolina inspection.
8) Airbag lights and check engine lights must be working. Check engine and airbag lights must be announced if on. Air Conditioners, radios, interior, tires, etc. are not arbitrable.

9) We follow NAAA rules Except for we only allow 7 days for transmission, frame, flood, rust, theft, insurance loss etc. We do not allow 30 or 120 days for these things

 
AS-IS
 
1) Flood and police cars must be announced.
2) Cracked or welded cylinder blocks must be announced.
3) Frame damage or excessive frame or floor rust, repair or not, must be announced.
4) The buyer assumes total responsibility for mechanical defects.
5) Any salvage vehicle is as-is.

6) If check engine light is on it is as-is.

7) All cars with over 250,000 miles are AS-IS.

8) $1000 or less is automtically AS-IS

9) 20yrs and older automatically AS-IS
 
$800.00 AND UNDER, AS-IS
 

Any vehicle sold for $800.OO or under is an "ABSOLUTE" sale and cannot be turned down for any reason including (Converters, Rust of any kind & Frame damage)

. 
 
THESE SALES ARE ABSOLUTE.
 
ANY ADJUSTED PRICE AUTOMATICALLY MAKES THE SALE AS-IS.
 

**All vehicles sold subject to manufacturer's recalls. Buyer accepts vehicles subject to manufacturer's recalls and will confirm open recalls for vehicle brand and take appropriate action. Buyer and Seller hereby releases and agrees to indemnify Auction with respect to claims for all open or future manufacturer recalls.

 

 

DEALERS
BUYERS
Watch lights and listen to announced conditions. Please examine cars before bidding and be familiar with all announced conditions of the unit. You must bring a check for our cashier to hold until the end of the sale so you can continue bidding or come and pay for purchase within 1/2 hour of purchase.
SELLERS
Please represent your cars accurately and fairly. Make sure proper light is on. Bring titles to office at beginning of sale.

MVR-4's must have print-out from DMV showing correct title info. Must be announced prior to sale. If not announced buyer has option to back out
ID CARDS
Buyers and sellers should always use their ID cards to enter their cars for sales and sign for purchases. Dealers who fail to use their card delay the processing of their deals because they are illegible. If you have lost your ID card or it is badly worn, a new one will be made for you upon your request.
Please help us to serve you better by always using your ID card.
FLOOR PLANS
These are the Floor Plans we offer:

Automotive Finance Corporation
Gregg Thompson - Branch Manager
3714 Alliance Drive. Suite 403
Greensboro, NC 27407
(336)-268-0029
Gregg.Thompson@autofinance.com
www.afcdealer.com

CarBucks Floor Plan
Abdeel Rodrigues
381 Halton Road
Greenville, SC 29607
(864)617-9780 - Fax (864)234-9506
floor@usecarbucks.com

NextGear Capital
Kelly Liles - Sales Executive
1320 city center drive,suite 100
Carmel, IN 46032
Phone: 888-969-3721 Fax: 877-874-0721
kliles@nextgearcapital.com
nextgearcapital.com

Auto Use Floorplan Financing dba/Lease and Rental Management
Wayne Rankin - Floorplan Sales Manager
45 Haverhill St.
Andover, MA 01810
978-749-0433 - Fax 978-684-5279

FloorPlan Xpress
Phil Carwile - General Manager
11709 Fruehauf Drive, Suite 200
Charlotte, NC 28273
Office: 704-372-3231 Cell: 704-330-9310 Fax: 877-874-0721

 

 

GENERAL POLICIES

1) All cars sold with a drive must be settled within one hour.

2) All titles submitted by seller must be in seller's name.

3) All information on titles and reassignments must be completed by selling dealer, including blanks for odometer readings.

4) All titles and ownership papers on sold cars must be processed through the office.

5) When "Title Attached" is not announced on the block, the buyer has the right to reject the car.

6) The auction is not responsible for warranty books regardless of year, make or model.

7) No vehicle will be offered for sale without serial number plate. The auction reserves the right to refuse the sale of any vehicle on which the vehicle identification plate appears marred or in any way altered.

8) All cars purchased and/or sold on the premises must be paid for through the office.

9) All police cars, taxi cabs, municipal cars, fire cars and flood cars must be sold under the red light and such condition must be announced.

10) All units sold under the red light or announced "AS-IS" must be paid for immediately. No driving privileges.

11) Outside or off-block sales must be consummated through the auction and all sales will be "AS-IS".

12) "IF" or "TRY" sales are strictly between the buyer and seller and not binding on either until the sale is consummated.

13) The auction does not guarantee the year of any foreign car, house trailer, motor home, boat, boat motor, antique, dune buggy, motorcycle, reconstructed vehicle, or vehicle sold "AS-IS".

14) Motor homes and dune buggy - seller must announce from auction block the year of the chassis and the year of the unit.

15) Any vehicle bought at an absolute auction cannot be turned down or returned for any reason, including frame damage or excessive rust.

16) All "IF" cars with green light must be checked out on the night of the sale.

17) No one under 16 allowed on premises.

18) When Frame Damage or Unibody Damage is announced, Rust is also included in the announcement.

19) EFFECTIVE 9/1/22- We will be charging $2.00 a DAY per VEHICLE that tiles are HERE. You will have a 10 DAY grace period once the title arrives.

THE DECISION OF THE AUCTION MANAGEMENT SHALL BE FINAL IN ALL DISPUTES

Copyright Auction Edge © All rights reserved. All trademarks property of their owners.

 

 

PSI

 Post Sale Inspection

 

1) To request a PSI, simply present your buyer's ticket to a sales attendant in the office.

2)PSI must be requested the night of the sale.

3)When the entire PSI process is complete you will be contacted with the results.

4) PSI is designed as a process to find problems with a vehicle, Not diagnose them.

5) Vehicle is eligible for a PSI on day of sale, however they will not be completed until the next day.

6) PSI warranty is voided if the vehicle is retailed or sold in any way.

7) PSI warranty is voided if the vehicle is not returned in the same condition it left in.

8)Vehicles bought on the internet will not be released until the PSI has been completed.

9) The PSI department will stand behind PSI for the items checked for 7 days on a full.

10) The PSI is not part of the arbitration policy, but a seperate sevice offered to provide added assurance and coverage to the buying dealer in their purchase.

11) Don't wait for the PSI to be completed to pay. You must remit payment of your purchase.

 

PROCESS: 

The PSI will be completed by a CERTIFIED TECHNICIAN. They will perform a full visual inspection of the vehicle.

- Odometer/Speedometer     -Cruise Control   -Power Seats

-Emmission Control Equipment Present    -Power Windows

-Power Locks   -Power Sliding Doors    -Convertible Top Functions

-Engine Transmission Function and Operating    -HVAC Air Conditioning Compressor engagement check

-4x4 System Engaged if equipped   - Frame and Unibody Checked for Damage

-SRS/Airbags Checked (when illuminated)   -Gauges   -SES Checked

-Brake Hydraulics, Power Steering, Transmission, Engine and Cooling Systems Fluid

-ABS and Brake Function (when illuminated)    -2 Mile Test Drive (when Possible)

 

Post Sale Inspection:

CLAIMS-

1) The buyer is financially responsible for payment of the PSI fee regardless of whether the vehicle passes or fails inspection and the fee is NON-REFUNDABLE

2) The coverage and provision apply only to the original buyer of the PSI. The PSI coverage period are void once the vehicle is resold.

3) If a vehicle fails PSI and exceeds the current arbitration amount(see arbitration policy) the vehicle will be placed in arbitration

4) A returned vehicle for any reason under the PSI coverage must be in the same or better condition as when it was purchased

5) RSAA will not reimburse a dealer for transportation, reconditioning and other work or expenses performed on the vehicle that is returned.

6) The PSI inspection in NO WAY is a buy-back policy

7) Verfication of diagnosis and repair estimates will obtained at a shop chosen by RSAA and may need pictures sent via email.

8) A complete written estimate from a licensed repair facility will be required

9) RSAA reserves the right to limit the number of times a purchasing dealer may submit a claim

10) Buyer and Seller should be aware that the seller bears all financial responsibility in the case of a successful arbitration claim.

 

FRAME INSPECTION:

$45.00-within 100 miles from purchase date

Frame and structual evaluation per NAAA guidlines

 

FULL INSPECTION:

$100-within 100 miles of purchase date

Inspection that includes complete driveline, major components and a 2 mile road test. Frame and structual evaluations per NAAA guidlines.Flood Check 

 

RETURNED VEHICLESThe buyer has the right to return a vehicle for auction inspection if the vehicle is found to have any of the following defects that were not announced:Flood carPolice carFire carFrame damage (repaired or not)Excessive rustReconstructed vehicleSalvage (Not Announced)Odometer Not Working. NAAA Guidlines