1. All bidders, and bidders who are agents of commercial buyers, MUST be registered with a valid ID in order to participate in the auction. All information provided to register as a bidder or buyer, will not be transferred to any third-party entity with the exception of agencies of the government that may demand the information in the pursuit of their duties or through governmental contractual arraignments. 2. Bidders must be at least 18 years of age to register as a bidder and participate in the auction. 3. A $300.00 CASH deposit MUST be paid at the time of bid acceptance, any unit/item/lot over $5000.00 a 10% CASH deposit on bid price is required. Please note, that all deposits are non-refundable and non-transferable on sold units. All deposits on unit/item/lot will be deducted off the balance owed on unit/item/lot provided the winning bidder remits the required deposit and signs the purchaser agreement. Nonpayment on sold unit/item/lots said bidder will be ban from Midwest Auto Auction. 4.Registered bidders with tax exempt status shall include a copy of the tax-exempt number form prior to auction registration. 5. All purchases shall be paid in full by the close of the next business day by cash, cashier’s check, credit card (with a 3% up charge) or company check accompanied by bank’s "Letter of Guarantee". Letters of guarantee (if required) must be presented prior to the auction. The term, “Paid in Full” includes the agreed upon purchase price with all taxes and fees. In furtherance, bidder understands that credit card payments are considered payment in full and are NOT refundable or transferable. 6. Midwest Auto Auction will not be held responsible, in anyway whatsoever, for any loss or damage to units/items/lots (also known herein as “Property”) remaining on the premises after the property have been sold and paid for. Property must be removed by the purchasing buyer from the premises within three (3) business days after the auction has concluded. Any property remaining after this time may be deemed by Midwest Auto Auction as ABANDONED PROPERTY and seized and all monies that have been paid forfeited. Midwest Auto Auction will reserve the right to allow the buyer a reasonable temporary extension if requested, and if deemed appropriate. Such an extension will only be granted by the President of the company, and the buyer will agree to pay Midwest Auto Auction a $25.00 a day storage fee from the beginning of the fourth day and each day thereafter until the property is removed. In the event that buyer has not removed the property by the end of the granted time extension, Midwest Auto Auction will declare the property as ABANDONED and seize the property and all monies paid by the buyer will be forfeited, and the property will be disposed of in any manner Midwest Auto Auction deems fit; or the property will be offered for sale to the next highest bidder, whichever, is determined to be the most convenient to Midwest Auto Auction. 7. There will be a 14% Buyer’s Fee on all property marked with a lot/draft number of D or E, all other property will have a buyer’s fee at a fixed rate of $200.00. Document Fee of $75.00 will be applied to all property requiring a title. All charge/debit used for deposits or purchases there is a 3% up charge. 8. Announcements made by the Auctioneer on the day of the auction take precedence over any printed matter pertaining to the auction. Units/items/lots, which have been consigned to be sold at auction, will not be sold to any bidder unless the owner of the consigned property, or his agents, accepts the bid offered. 9. The Auctioneer shall designate the winning bidder after each unit/item/lot is auctioned. If the required deposit is not met then the property will be offered to the backup bidder or re-auctioned: If dispute arises between two or more bidders at the time the property is being auctioned or after the hammer has fallen, the Auctioneer will use his/her discretion to decide who will be the winning purchaser. If the Auctioneer cannot make a determination, the Auctioneer reserves the right to reopen the bidding process between bidders that are in the dispute; or reopen the bidding process to all bidders present; or no sale the unit/item/lot to any bidder; or the Auctioneer may “No Sale” the unit/item/lot and remove it from sale due to a refusal of the owner of the unit/item/lot to accept the highest bid offered or as a result of confusion, attempted fraud, manipulation of bids, bidder collusion, or any other reason the Auctioneer deems appropriate. Bidder fully understands that the decisions of the Auctioneer are final, and bidder agrees to abide by all decisions of the Auctioneer. 10. Each unit/item/lot is sold "as is, where is" with all faults and defects. No warrantees or guarantees to the condition or fitness of the use are stated or implied. All bidders understands that they are responsible for inspecting each unit/item/lot and that they are purchasing them entirely upon their own opinion. Each unit/item/lot will immediately become the responsibility of the buyer at the time the Auctioneer deems the unit/item/lot SOLD. 11. Bidder acknowledges that the auction area is a potentially dangerous place and that every person at the auction (before, during, or after the auction) shall be deemed to be there at their own risk. For their protection, all children under the age of 16 shall not be permitted on the auction property during the sale. 12. Any person who is found tampering with, removing, or disconnecting, equipment, parts, accessories, keys, or in any way attempting to sabotage a unit/item/lot will be suspended from the auction, ejected from the premises and prosecuted to the fullest extent of the law. 13. Bidder agrees to indemnify and hold harmless Midwest Auto Auction Inc., its Owners, Officers, Employees, Agents and Contractors from any and all liabilities, losses or expenses, to include all court cost and all attorney’s fees, which may be incurred by Midwest Auto Auction Inc., as a result of their actions or inactions. Bidder further agrees that the Laws of the State of Michigan will have exclusivity in the enforcement of this agreement and that all legal filings for any redress by bidder will be in the Seventeenth District Court of Redford, Michigan. I have read and understand the aforementioned Auction Terms