Auction Terms General Auction Company will be selling all vehicles as a California Licensed Motor Vehicle Dealer. Each buyer of vehicles will be required to provide a valid driver license and will be responsible to pay all sales tax, D.M.V. fees, and buyer fees. These fees will be paid to General Auction Company. General Auction Company will process all paperwork for you at the D.M.V. ($70.00 processing fee), which includes smog and safety certification (If Applicable) ($58.25). Certain vehicles may be classified as "Dealer Only" these vehicles will need to be purchased by a Licensed Dealer/Dismantler only. Please do not bid on these vehicles if you do not possess a valid Auto Dealer License. Dealers must register prior to bidding on these vehicles with current Active standing with the STATE DMV system. Vehicles identified as “Out of State” can be sold to a public out of state buyer. However, If the vehicle has the identification of “To be sold Out of State” with a “Dealer Only” status this vehicle can not be sold to public out of state. Company policy is No vehicles will be sold to the public on the basis of buyer demand title (No exceptions). *Notice to Public: "There is No Cooling-off period unless you obtain a "contract cancellation option" California law does not provide for a "cooling-off" or other cancellation period for vehicle lease or purchase contracts. Therefore, you cannot later cancel such a contract simply because you changed your mind, decide the vehicle costs too much, or wish you had acquired a different vehicle. After you sign a motor vehicle purchase or lease contract, it may only be canceled with the agreement of the seller or lessor or for legal cause, such as fraud. However, California law does require a seller to offer a 2-day contract cancellation option on used vehicles with a purchase price of less than $40,000.00, *Subject to certain conditions. The Cancellation option is offered to passenger Vehicles only. This contract cancellation option requirement does not apply to the sale of a Commercial Vehicle, Motorcycle or an off-highway motor vehicle subject to identification under California law. See the vehicle contract cancellation option agreement for details. 11709.2 California Vehicle Code. AS IS The property to be sold is sold in an "as is, where is" condition, with all faults. There are no warranties of any kind, expressed or implied by Seller, auctioneer, MFG, distributors, or employees of General Auction Company. No adjustments will be made on any item for any reason whatsoever. All descriptions of vehicles, equipment, miscellaneous, general or specific merchandise, are for reference only. Information provided by any auction employee will need to be verified by the bidder of each lot. The Buyer has the final obligation to determine the size, condition, shape, year, make, model, and value of each item at the state it is in as it sits. All sales are final! Registration Each bidder must register and agree to the outlined Terms to qualify with G.A.C. to bid on auction items. The registration process can be found at WWW.GeneralAuction.com site https://generalauction.com/how-to.php. The bidder will be recognized by bidder number only. Each qualified bidder will be issued a digital numbered bidder card within the online auction site. Each lot will be identified and sold by the lot number. General Auction Staff uses a unique control number for internal data tracking. Each sale is digitally audited, and information provided to the appropriate parties for archived bid records. Deposit Online bidders will need to register with a valid Driver's license as well as completing a Credit Card deposit of $500. The bidder registration information MUST match the payment information used to place the deposit. If the information does not match the bidder registration request will be kept in the “Pending” stage and this will not allow any bids to be accepted in the auction system. To increase your spending limit amount from $25,000 to $50,000, an additional $500 deposit is required, for a total deposit amount of $1,000. Deposit is held during the auction and is fully refundable if nothing is purchased during the sale. the transaction will be voided the next business day. PAYMENTS: Successful bidders will be notified of winning status at close of each lot, Final total Invoice will be emailed no later than the end on the 1st business day after the sale (Monday). Full payment must be made by the close of business on the 3rd business day after the sale (Wednesday), unless agreed to in writing by General Auction Company management. Any amounts not paid when due shall be subject to a late payment fee of $35 per invoice item and General Auctions cost of collection (including reasonable legal fees and costs) and shall accrue interest at a rate equal to (i) 1.5 percent per month or (ii) the highest rate permitted under applicable law, on the unpaid balance, commencing on the due date. (Garrett v. Coast and Southern Federal Savings and Loan, 108 Cal. Rptr. 845 (July 18, 1973) Discussing a situation involving a credit card debt: "the borrower "remains liable for the actual damages resulting from the (buyers) borrowers’ default. In addition, if any amount due to General Auction Co. is not paid by the Due Date, General Auction Co. may, at its sole discretion, terminate or suspend the non-paying User's account and/or withhold from the bidder General Auction's Services until such time as full payment is made. Notwithstanding any such cessation or suspension of said Services, the User shall continue to be obligated under this Agreement to pay the remaining balance (including accrued interest) due to General Auction Co. A 3% fee will apply to all payment methods Acceptable Payment Methods: Cash, Cashier Check, Money Order, Credit Card or Wire Transfer! A 3% discount applies to all cash, cashier check, money order