The Cen-tech Obdii Eobd Diagnostic Tool 60694 is a popular choice for car enthusiasts and mechanics. If you’re considering purchasing this tool through an auction, understanding the terms and conditions is crucial. This guide outlines essential information for bidders participating in auctions featuring the Cen-Tech 60694, specifically focusing on Jeff Martin Auctioneers, Inc.
Understanding the Auction Terms
Before bidding on the Cen-Tech OBDII EOBD Diagnostic Tool 60694 at a Jeff Martin Auctioneers, Inc. (Martin) auction, familiarize yourself with the following terms and conditions:
Rules and Regulations
- Binding Agreement: Bidders are legally bound by the auction rules outlined in the catalog and any announcements made during the auction. It’s the bidder’s responsibility to obtain and read these rules before placing any bids. Announcements from the auctioneer supersede any printed materials.
Fees and Payment
- Buyer’s Premium: A percentage added to the winning bid, varying per auction.
- Payment: Expected on the auction day or upon invoice receipt. Acceptable forms of payment include cash, cashier’s check, credit card, wire transfer, or other checks with a bank letter of guarantee. A 3% surcharge applies to credit card payments.
- Documentation Fee: $75.00 for each titled item. Titles are only released on auction day with cash, cashier’s check, or wire transfer payment.
- Rigger Fees: Buyers are responsible for paying any required rigger fees directly on-site for specific lots.
- Storage Fees: Up to $100 per item per day for items not removed by the deadline. A $250 call-out fee may apply for post-deadline pickups.
Deposits and Requirements for Online Bidders
- Deposits: May be required for online bidders, varying by auction and bidder location (domestic or international). Credit card deposits may be held for up to five business days after the auction.
- Alternatives to Deposits: At the auctioneer’s discretion, a bank letter or purchase history from another auction company might be acceptable in lieu of a deposit.
Bidder Responsibilities
- Inspection: Bidders are responsible for inspecting items before bidding. Martin provides no guarantees or warranties regarding item condition. Descriptions in the catalog or online are guides only.
- Risk of Loss: Once a bid is won, the risk of loss or damage transfers to the buyer, even before payment.
- Sales Tax: Bidders are liable for applicable sales or use taxes, and understand the legal ramifications of misrepresenting tax-exempt status.
Payment Terms and Consequences of Non-Payment
- Late Payment: Late payments incur fees, penalties, and interest up to 18% per annum, plus collection costs.
- Insufficient Funds: Returned checks will result in contact with the district attorney and potential legal action.
- Credit Card Payments: Bidders agree not to reverse or dispute charges. Martin is authorized to charge the credit card used for the deposit if the invoice is unpaid within 48 hours of the auction’s end.
Liability and Other Terms
- Injury and Damage: Bidders are responsible for personal injury or property damage caused by themselves, their guests, or agents, and hold Martin harmless.
- Communication: By registering, bidders agree to receive advertisements via email, mail, phone, and text message.
- Titled Purchases: Martin holds power of attorney to sign title documentation for purchased titled items.
- Auction Changes: Martin reserves the right to remove or skip items, voiding any pre-bids.
- As-Is Condition: All items are sold as-is, where-is, without warranty. Information is provided by sellers, and Martin is not liable for errors or omissions.
- Firearms: Firearms are not test-fired and sold without warranty. Inspection by a licensed gunsmith is recommended.
Conclusion
Participating in an auction for the Cen-Tech OBDII EOBD Diagnostic Tool 60694 can be a cost-effective way to acquire this valuable tool. However, bidders must understand and adhere to the auction terms and conditions to avoid potential issues. Carefully review the complete rules of auction provided by Jeff Martin Auctioneers, Inc. before placing any bids. Understanding these terms will help ensure a smooth and successful auction experience.
