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Mason City, Iowa Multi-Party Farm Equipment Auction
Previous Page Listing ID#: 214829
Auction Location |
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1603 S Elsenhower Avenue Mason City IA 50401 |
Auction Dates and Times |
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Friday Dec 4, 2020 Completed Thursday Dec 10, 2020 Completed |
Auction Type |
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Live Auction with Online Bidding VIEW ONLINE CATALOG |
Company Information |
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Steffes Group Website: www.steffesgroup.com GoToAuction.com ID#: 1852 View company information and listings |
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Listing Terms and Conditions |
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Terms & Conditions By accepting the terms and conditions of this auction you acknowledge you are entering into a legal and binding contract. You agree to abide by all terms and conditions and you acknowledge receipt of all explanations and information made available by Steffes Group, Inc., also referred to as Steffes Group or Company. When paying within the stated time and with our acceptable payment methods:
You agree to make payment for all online purchases in U.S. funds within 2 business days of receipt of invoice by one of the acceptable forms of payment unless approval of financing arrangements is made with Steffes Group. To issue a check by fax, simply write a check as you normally would and fax a copy to us. All NSF checks will be charged a $30 fee. Checks by mail are not an accepted form of payment. Any other form of payment, other than the listed acceptable payment methods are subject to an additional 3% buyer's fee on the full amount of the purchase. No items will be released until full payment clears our office.
Acceptable forms of payment:
West Fargo, Sioux Falls, Grand Forks 701-237-9173 Litchfield 320-693-9371
Mt. Pleasant, Ames 319-385-2000
West Fargo, Sioux Falls, Grand Forks 701-237-0976
Litchfield 320-693-9373
Mt. Pleasant, Ames 319-385-4709
Sales Tax ALL APPROPRIATE STATE SALES TAX LAWS APPLY PER THE LOCATION OF POSSESSION AND SELLER TYPE OF THE PIECE OF EQUIPMENT. Listed below is a link for the Streamlined Tax Exemption form that includes 24 participating states. States that do not participate in the streamlined form, but in which Steffes Group frequently transacts business are MO and IL. Please contact our office if you would like us to send you a form for one of these states. The link for the streamlined form includes the states of IA, MN, ND, NE, and SD, among others. Streamlined Sales Tax Agreement Certificate of Exemption If you have any questions concerning sales tax, please contact the appropriate state government agency for that location or contact our office. Minnesota requires sales tax to be charged on all online consignment auctions unless the buyer provides an exemption form. ND Dakota titled vehicles Per North Dakota vehicle and sales tax laws, upon registration and licensing of any titled vehicle or trailer, any buyer’s premium paid is considered to be part of the sales price. Sales tax will be charged by the State of North Dakota on the entire sales price (including buyer’s premium) for any vehicle registered in North Dakota. If you have any questions concerning sales tax on a piece of equipment, please contact the appropriate state government agency at the location of the item on auction.
ND Sales Tax Terms for Canadian Customers Used Farm Equipment The sale, at auction, of used farm machinery to a Canadian farmer for agricultural use is exempt from sales tax the same as a North Dakota Farmer. The purchase, at auction, of used farm machinery by a Canadian farm equipment dealer (retailer) would be sales taxable unless:
New Farm Equipment
The sale, at auction, of new farm machinery to a Canadian farmer for agricultural use, or a Canadian farm equipment dealer (retailer) is taxable at the current state rate of 3% plus any local sales tax if applicable. The law also provides that Canadians may apply for a refund of the tax paid when meeting certain requirements. This form and conditions of use are available online at http://www.nd.gov/tax/salesand%20use/canrefund/.
Agents for Sellers
You acknowledge that you have the right and responsibility to inspect the item(s) personally, or to have a third party representative inspect the item(s) for you. That by bidding on an item you have agreed to accept that item in its present condition at its present location and with the description provided whether accurate or not.
Timed-online auctions will begin to close on the date and time listed. Lots will remain open until no bids have been placed within the last 4 minutes. Timed-online auctions normally close at a rate of 3 lots every 2 minutes. Please note that some lots can be tied together and will be set to close simultaneously. This will be indicated in those lots by a paper clip symbol. Please hover your mouse over the symbol to see what lots are tied together. The paper clip symbol means that each lot tied will stay in extension until there are no more bids on any of the lots that are tied. Steffes Group reserves the right to close multiple lots per minute at its discretion. Upon your accepted bid of an item, that item shall immediately become your responsibility and be at your risk (whether you have paid for that item or not). You agree that Steffes Group, its employees, and its sellers are not responsible for lost, stolen or damaged items and will not reimburse or discount items for any type of loss. Buyers are responsible for any costs incurred to prepare your item(s) for transport and/or shipping. This includes, but is not necessarily limited to, the cost of any rigging, dis-assembly, special loading requirements, transport, packaging, insurance, and all other costs related to physical transfer of your item(s). You agree to remit payment and remove from the auction property any purchases within the stated time for the auction being conducted. You further understand and agree that failure to remove items in the stated time for the auction will subject you to moving and storage fees unless arrangements have been made with the seller. Buyer Default
When using our online auction services you are making a firm commitment to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason.
Non-paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations.
Internet Risk
You acknowledge that the internet may be an unreliable and error-prone network. Steffes Group will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Steffes Group, Inc. and its employees harmless for any interruptions in online bidding. At the sole discretion of the Company, the auction may be suspended, postponed, or cancelled if internet service is unstable or disrupts the online portion of any event that is simulcast as an Internet Auction.
Further, the auctioneer has the sole discretion to accept or refuse any bid. Steffes Group retains the right, at our sole discretion, to add, delete, or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice.
Abandonment Policy
Steffes Group provides this Abandonment Policy to inform you of our policies and procedures regarding any purchased item(s)/property that has not been removed by a buyer in a timely manner. Upon winning the bid for an item(s), after paying for item(s) purchased, a buyer is obligated to remove the item(s) from the auction site within a timely manner.
Steffes Group may deem a buyer's failure to claim and remove equipment within 60 days following the close of an auction as evidence of buyer's intention to abandon the property. In these instances, the Company may take action that is adverse to buyer's interest in the property, including, but not limited to steps to dispose of the property.
Disposition of property may include a variety of approaches based upon the buyer's purchase price of the property as follows:
1) For those items with a final selling price of $5,000 or less, the Company will determine the appropriate disposition approach which may include:
2) For those items with a final selling price of greater than $5,000, Steffes Group may remove the item from the selling location and resolve as follows:
If a buyer with the winning bid has not removed the purchased item(s) from selling location within 10 business days after the close of the auction, the buyer will be responsible for directly paying the seller any and all storage fees if levied by the seller. If levied by the seller, storage fees will be $25 per day beginning the 10th day after the close of the auction/winning bid. |
Listing Information |
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Mason City, Iowa Multi-Party Farm Equipment Auction
More Information Coming Soon!
For information contact Steffes Group at 641.423.1947 |
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