Alaska Premier Auctions & Appraisals 2024 Auction Terms & Conditions: 1. PAYMENT: a. To register for and participate in our auctions, you must be at least 18 years old with a valid credit card on file. b. The currency for all purchases is USD. c. There is a 20% Buyer’s Premium added to all winning bids. d. The first time you save a new card to your account, there is a $50 soft charge and void to confirm there are funds available, similar to a gas station or hotel. This soft charge falls off as a pending charge for most users within 10 business days, depending on your financial institution and merchant services provider. Alaska Premier Auctions and Appraisals LLC does not receive these funds in any way. e. Sales Tax: There is no sales tax for this auction. f. How to pay: Unless your invoice amounts to more than $3,000, your credit card on file with our company will be charged immediately following the close of the auction. In the event your card isn’t charged immediately, it will be charged within 24 hours of the auction closing. Credit cards accepted include VISA, Mastercard, American Express, and Discover. For invoices over $3,000, Alaska Premier Auctions and Appraisals LLC accepts: • Cashier's Check, ACH, Wire Transfer, Pre-Authorized Business Check (No Personal Checks) • Invoices under $3,000 can also be paid via Paypal, Zelle, Venmo, or Cash App. Written requests for such must be sent to Admin@AlaskaPremierAuctions.com no later than 24 hours before an auction begins closing to avoid the card on file being charged. • Invoices with declined cards on file may be subject to a $15 declined card fee if we are unable to secure payment by the close of the first pick-up day following the auction ending. f. You agree not to initiate a chargeback for your purchases under any circumstances. If there is any discrepancy, please give us the opportunity to explore your circumstances by reaching us at Admin@AlaskaPremierAuctions.com. If you initiate a chargeback for any reason, the auction house reserves the right to ban you from all future auctions. g. Transportation, storage, and handling fees are at the sole discretion of the Auctioneer. Invoices must be paid within 7 business days. Failure to pay beyond this deadline without ongoing communication with our company may result in being blocked from future bidding. You may be offered a company credit for overpayments or other credits. i. We reserve the right to refuse service to anyone. 2. PREVIEW: All vehicle previews will be held at Fred’s Towing & Recovery’s yard located at 641 E 75th Pl, Anchorage, AK 99518. Vehicle previews will take place on the Friday before the auction ends from 10:00 a.m. to 4:00 p.m., and the Monday the auction closes from 10:00 a.m. to 4:00 p.m. 3. PICK-UP: a. THREE DAYS ONLY: Pick-up times will be Tuesday, May 7th, from 10:00 a.m. to 4:30 p.m., Wednesday, May 8th, from 10:00 a.m. to 4:30 p.m., and Thursday, May 9th, from 10:00 a.m. to 4:30 p.m. b. Loading, transportation, and any additional fees are the sole responsibility of the buyer. We do not provide tools or assist with moving vehicles. c. Please call 907.243.4037 in advance to schedule pick-ups beyond the initial three-day window. We require written permission for all pick-ups on a buyer’s behalf. Call or text Fred’s Towing & Recovery at 907.243.4037 to request a substitute pick-up person in your place. d. Any vehicle not collected by the close of the third pick-up day will incur storage fees of a minimum of $100 per vehicle, per day, for up to four days. e. Any vehicle remaining more than four days after the close of the auction will be considered forfeit and subject to disposal or re-listing fees at your cost. If you abandon any vehicles, you risk being banned from future participation in our auctions. 5. VEHICLE PURCHASES: a. Vehicles purchased through Alaska Premier Auctions & Appraisals LLC are subject to a minimum $99 dealer title transfer fee plus any additional vehicle registration fees as required. All transfer and registration fees are non-negotiable and the sole responsibility of the buyer. b. Vehicle title transfers will only be made in the winning bidder’s name or their company’s name for commercial vehicle title transfers. c. Payment must be made within two business days following the auction, and all necessary paperwork completed at that time. d. The buyer will be remitted the vehicle after the title transfer. Local title transfers are generally done the same day or the following day if payment is received before 3:00 p.m. on a scheduled payment day; the title transfer process is to be completed no later than seven days following payment in full. e. For purchased vehicles at a location other than Alaska Premier Auctions and Appraisals LLC premises, the Buyer must complete a Power of Attorney to allow for the DMV titling process. The title will be mailed to your address on file within seven business days. f. Vehicle miles are accurate at the time of cataloging; they may change very slightly, not exceeding 25 miles beyond what is advertised. g. Pick-up time must be scheduled to allow for paperwork and processing. 6. BIDDING ONLINE: a. All bids placed are final. As a company policy, we do not retract bids as they affect the integrity of the auction. If you default on payment or have your high bid removed for any reason, you will be liable for any difference in sale price between what your high bid was, and the final sale price of the lot. b. The auction will close at a rate of one lot per minute. If a bid is placed within an item's closing minute, the lot will be automatically extended by one minute. c. Company Defined Online Bidding Increments: $0 - $50: $5, $51 - $200: $10, $201 - $500: $25, $501 - $1,000: $50, $1,001 - $10,000: $100, $10,001 - $50,000: $250, $50,001 - $100,000: $500, $100,001 - $1,000,000: $1000, $1,000,001 - $5,000,000: $5000, $5,000,001 - $10,000,000+: $10,000 d. Bid increments are subject to change at any time at the Auctioneer's discretion. e. When a user places a Maximum Bid, it will be equal to the reserve price if said Maximum Bid exceeds the reserve. If the Maximum Bid amount is below the reserve, the bid will be placed for the full amount. f. The Auctioneer reserves the right to lift a reserve price at any time, which guarantees a sale to the highest bidder at any price they have bid. g. Being the high bidder on an item, with or without reserve, is a legally binding commitment to purchase the item for the amount of the high bid. This does not include Maximum Bids which exceed the amount of the current high bid. h. Alaska Premier Auctions and Appraisals LLC is providing Internet auction bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly on the day of the auction. Under no circumstances shall Bidder have any kind of claim against Alaska Premier Auctions and Appraisals LLC or anyone else if the Internet service fails to work correctly before or during the timed or live online auction. Alaska Premier Auctions & Appraisals LLC will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bids are acknowledged should use the website feature and leave their maximum bid 24 hours before the auction ends. i. Alaska Premier Auctions and Appraisals LLC reserves the right to withdraw, re-sequence, or re-catalog items in this auction at any time for any reason. 8. CONDITIONS OF SALE: a. All property is sold “AS IS,” and ALL SALES ARE FINAL. Items may have wear and tear, imperfections, or the effects of aging. Any condition statement given, as a courtesy to a customer, is only an opinion and should not be treated as a statement of fact. All dimensions provided are approximate. Buyers are always encouraged to inspect photos and videos prior to bidding to make their own determinations as to condition, size, and authenticity. Alaska Premier Auctions & Appraisals LLC accepts no responsibility for any error or omission. b. THERE ARE NO REFUNDS. 9. WARRANTIES OF OWNER/REPRESENTATIVE: a. The owner/representative warrants that he/she is the owner of listed items and has merchantable title to the items of personal property offered for sale and hereby grants to the Auctioneer the right to convey a merchantable title to such property to such buyers as may be successful at sale time. The Owner/representative guarantees clear title, and that liens on the listed property be so stated whereby arrangements will be made so that clear title will be issued to the purchaser. In the event the owner/representative is unable to clear the title, the owner/representative will be liable for any pre-sale expenses incurred by the Auctioneer, and/or a withdrawal fee. b. Alaska Premier Auctions and Appraisals LLC is providing Internet auction bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly on the day of the auction. Under no circumstances shall Bidder have any kind of claim against Alaska Premier Auctions and Appraisals LLC or anyone else if the Internet service fails to work correctly before or during the timed online auction. Alaska Premier Auctions & Appraisals LLC will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bids are acknowledged should use the website feature and leave their maximum bid 24 hours before the auction ends. Alaska Premier Auctions & Appraisals LLC reserves the right to withdraw, re-sequence, or re-catalog items in this auction at any time, for any reason. 10. GOVERNING LAW & VENUE: a. This agreement is governed by and construed in compliance with the domestic laws of the State of Alaska without giving effect to any choice-of-law or conflict-of-law provision or rule (whether of the State of Alaska or of any other jurisdiction) that would cause the application of the laws of any jurisdiction except the State of Alaska. All disputes related to this agreement shall be resolved in a court of law located in Anchorage, Alaska. 11. ACCEPTANCE: a. By bidding in our auction, the Bidder accepts and agrees that they have read and agreed to the Terms & Conditions of the auction in their entirety. Thank you for your understanding, accordance, and acceptance of these Terms & Conditions. FRED’S TOWING & RECOVERY 2024 AUCTION TERMS 1. All payments and title transfers must be made at Alaska Premier Auctions & Appraisals before scheduling any pick-up appointments with Fred’s Towing & Recovery. 2. The registered owner or transferee of an impounded vehicle is prohibited from bidding on the vehicle at auction unless expressly given written permission by Fred’s Towing & Recovery prior to bidding. If expressly given written permission by Fred’s Towing & Recovery prior to bidding, the registered owner or transferee of a vehicle who is the winning bidder, hereafter referred to as the Buyer, at auction must pay all of the hammer price, buyer’s premium, and title transfer fee associated with the vehicles they purchase from the auction sale, as well as, the remaining balance of the towing and impound lien, must be paid prior to release of the vehicle. 3. All vehicles are subject to a $99 retitling fee, and the buyer will receive a title from Alaska Premier Auctions & Appraisals after the vehicle is paid for. 4. If the vehicle title is to be issued to anyone other than the named Buyer on the invoice, the Buyer must accompany the person they intend to transfer the vehicle to over to Alaska Premier Auctions & Appraisals, complete the payment, and then fill out the title transfer paperwork. 5. All vehicles must be picked up by 4:30 p.m. on the Thursday following the auction closing to avoid storage fees of $100/day. 6. Vehicle previews will take place from 10:00 a.m. to 4:00 p.m. on the Friday before the auction ends and from 10:00 a.m. to 4:00 p.m. on the Monday before the auction closes. 7. After the vehicle preview period closes, no one will be able to access any vehicles until the Buyer has paid for their vehicle and scheduled their pick-up time. 8. Buyers must present their paid-in-full receipt and/or new title in order to access or claim their vehicle from Fred’s Towing & Recovery’s yard. 9. All Buyers must schedule an appointment to pick up their vehicle from Fred’s Towing & Recovery’s yard. This allows Fred’s Towing & Recovery to ensure their vehicle is not blocked in and one of their employees is available to assist them with the vehicle removal. 10. Buyers who arrive at Fred’s Towing & Recovery’s yard to pick up their lots after 4:30 p.m. or who remain in their yard after 5:00 p.m. on weekdays will be charged a $75 after-hours fee. 11. Vehicles picked up on weekends, with express written permission from Fred’s Towing & Recovery, will be subject to a $75 after-hours fee. 12. Vehicles not claimed by one week after the auction at 12:00 p.m. on the Monday following the auction, are considered forfeit and may be re-sold, scrapped, or re-listed for a future auction without notice. 13. Bidders and anyone accompanying them to preview vehicles must be at least 18 years old and present a valid photo ID at check-in. 14. Bidders wishing to start a vehicle at preview must provide a credit card to Fred’s Towing & Recovery or a $50 cash deposit to check out a key for the vehicle. Credit cards will not be charged unless the bidder fails to return the key to the office. 15. Bidders may not use their own jump boxes to attempt to start a vehicle unless they obtain permission from an employee of Fred’s Towing first. An employee from Fred’s Towing will use a company jump box to attempt to start vehicles at the bidder’s request. A maximum of three cranking attempts will be made on each vehicle at preview. 16. Fred’s Towing & Recovery reserves the right to refuse to allow any bidder to attempt to start any vehicle if doing so presents a risk to the vehicle, equipment, or any persons. 17. Starter fluid and/or gasoline in a carburetor may not be used to attempt to start any vehicle at any time. 18. Buyers may NOT work on vehicles except to change a battery, add fuel or fluids, or add air to tires. The use of jacks of any kind is expressly prohibited. 19. Vehicles may not be pushed or towed out onto the public street. Fred’s Towing & Recovery will only move a vehicle onto the street for pick-up if the Buyer is present with a trailer or car dolly and winch of adequate size to load and remove the vehicle, OR unless another tow company contacts them to confirm a tow has been scheduled and paid for by the buyer. 20. No private vehicles will be allowed inside the tow yard at any time. If the Buyer plans to remove their vehicle using a trailer, they must call ahead to ensure Fred’s Towing & Recovery has a wrecker on hand to assist them. Most hand-operated cable winches are not adequate for winching a vehicle onto a car trailer. Fred’s Towing & Recovery is usually able to assist Buyers with loading vehicles onto a trailer using a wheel lift wrecker for a $50 fee. 21. Tow straps may not be used to remove vehicles from Fred’s Towing & Recovery’s yard at any time. 22. Tow-outs for vehicles under 9000 lbs GVWR will be provided by Fred’s Towing for Buyers at a discounted flat rate of $100 to any address within a 10-mile radius of their yard. An additional fee of $5/mile will be charged for any drop locations beyond a 10-mile radius unless otherwise agreed upon. Additional fees may apply for larger vehicles, vehicles without keys that require skates, dollies, or disconnects, vehicles with flat or missing tires, or other circumstances requiring additional labor. Please ask for a quote PRIOR TO BIDDING for larger vehicles, longer distances, vehicles with listed condition issues, or if the vehicle is stated that it does not run. 23. Tow-out fees must be paid in advance of the vehicle being moved and will be scheduled at Fred’s Towing & Recovery’s convenience as equipment and scheduling allow. Buyers wanting same-day or scheduled tow-outs must pay their regular published rates and are not eligible for the discounted rate. Please call for a quote PRIOR TO BIDDING. 24. Buyers may use any other tow service to remove the vehicle from Fred’s Towing & Recovery’s yard; however, proof of payment and a copy of the title must be provided in writing to them via text at 907-243-4037 or sent with the tow company's driver in order for them to release the vehicle for pick-up. 25. Buyers who abandon vehicles they purchase from the auction on a public street or private lot near Fred’s Towing & Recovery’s tow yard will be banned from future auctions.