Auction Terms

	Buyer's Premium	Cap
	15.00%	$1,500.00

Payment for titled assets to be made by wire transfer, certified bank check, or cash ONLY payable to Dailey Realty and Auction Service no later than Friday, December 12th at 12:00 p.m. (Noon). Wire transfer instructions will be provided to winning bidder at the close of this auction. Non-titled assets may be paid by credit card to your K-BID account up to $3,000.00.

Minnesota title, tax, and transfer fees for titled assets will be calculated after the winning bid amount has been achieved and are to be paid by separate check to North Mankato DMV. Titles are clear, in hand and will be transferred when you come to pick up the vehicle after all other terms and conditions have been met.

Call Auctioneer Jay Dailey at 507-625-7653 to let us know your preferred method of payment and for wire transfer instructions when you make your loadout appointment.

BUYER’S PREMIUM of 15% with a $1,500.00 cap will be added to all purchases.

GENERAL TERMS: All bidders must register with K-BID according to their terms published below for this auction in addition to complying with these Affiliate terms.

Bidder understands that inspections are critical in their determination of value when bidding and are urged to do so BEFORE advancing their bids at the end of the auction. All inspections are by appointment only on December 7th by contacting Auctioneer Jay Dailey at 507-625-7653. Location information will be given when you make your appointment. During inspection vehicles can be started to observe what can be determined in a running state. Test drives are NOT available due to insurance restrictions. Photos should be considered as part of the description. PICK UP DAY IS NOT INSPECTION DAY and no refunds, discounts or credits against your final winning bid price will be given!

All assets on this auction sell AS IS WHERE IS with no warranties, either express or implied by the Affiliates, consignors, or the U.S. Bankruptcy Trustee. All titles have been verified clean and transferable. Bidders are encouraged to do their own VIN check using the VIN # provided in the lot description.

While every effort is made to disclose known defects and flaws that may substantially impact value, bidders should take advantage of the opportunity to inspect in person. Bidder understands that, unless otherwise stated, items offered for sale are used/pre-owned and flaws and wear and tear should be expected. No mechanical inspections have been made on the vehicles unless otherwise stated in the lot description. Any statements of general condition or visible flaws are opinions based on the Affiliate's visual inspection only and additional information we may have obtained from the seller themselves.

Ownership transfers upon bank verification of payment having been received in full and cleared through Affiliate's bank, and the completion of all title transfer paperwork. Affiliate Dailey Realty and Auction Service will be solely responsible for the transfer of all titles of the assets offered in this auction.

IMPORTANT: Title transfer and separate payment of transfer, tax, and document fees shall take place in person at the North Mankato DMV when you make your appointment for pick-up of the vehicle whether you are a dealer or private party. Please come prepared with your current driver’s license, dealer license (if applicable), and proof of insurance.

This is a privately owned and operated auction company, and it is clearly understood and agreed that auctioneer represents the seller only. Bids shall advance only as indicated by the increments published in these terms.

Purchases that are not removed by the last posted pickup time without making alternative arrangements with Auctioneer will be deemed ‘abandoned’. No refund or credit will be given to the purchaser and liquidation of these items will be at the Auctioneer’s discretion. We understand that this time of year weather may be a factor in loading out a vehicle purchase. As long as your invoice is paid in full and the title transferred according to these terms, we will absolutely work with you on making alternative choices for loadout of the vehicle.

Do not bid on this auction if you cannot comply with the payment, inspection, title transfer, and pickup instructions outlined in these terms!

This auction is contracted and managed by an independent affiliate. By placing a bid on this auction, you are agreeing to the auction specific terms listed on this page in additions to the K-BID user terms and agreements.

K-BID Online, Inc. (K-BID) is responsible for maintaining the K-BID.com website. K-BID.com serves as the venue used by independent auction companies (Affiliates) to present their online auctions to bidders.

K-BID’s role in the auctions listed on K-BID.com is limited to providing the venue for affiliate auctions. Affiliates are not employees, agents, representatives or partners of K-BID Online, Inc. K-BID’s knowledge about individual auctions and individual auction transactions is limited to the information appearing on the website.

By placing a bid on K-BID.com, bidders are verifying they are at least 18 years old and acknowledging they understand and will comply with both the K-BID.com website terms and the auction specific terms. Bidders MUST NOT share their password or account information with anyone. Bidders are responsible for bids placed on their account.

Inspection dates/times are available for every auction. Bidders are strongly encouraged to inspect prior to placing bids. Removal day is not inspection day. When an auction ends, and the winning bidder invoice appears on the bidder’s dashboard, the bidder is obligated to honor their bid(s).

Every auction item is sold “as is, where is” with no guarantees or warranties. You are responsible for inspecting items prior to purchase.

Bidders are responsible for knowing and complying with auction terms. Failure to comply with removal terms may result in bidding privileges being disabled. Once a bid is placed it cannot be retracted.

Sellers and their agents are prohibited from bidding on their own assets.

Items with a reserve will not be sold unless the reserve price has been met.

At the close of the auction, active items will remain open until no bids have been received for three minutes.

Applicable sales tax will be collected by the affiliate managing the auction.

In the event that bidding rights are terminated due to no-show invoices, bidders MAY be reinstated at the discretion of K-BID only after a penalty fee of 20% of the unpaid invoice(s) and a reinstatement fee of $25.00 has been paid to K-BID and a scanned copy of your driver's license emailed to us. INVOICED ITEMS WILL NOT BE AWARDED. The payment is punitive and meant to deter no-shows. Duplicate bidder accounts will be deactivated when they are determined to exist. If possible and at our discretion, K-BID reserves the right to delete any bid we believe has been placed by a suspect bidder. Any registration that shows up on our fraud detection system may be placed on hold and bids removed until the user is verified. K-BID Online, Inc reserves the right to disallow anybody from bidding on its website. Cases of obvious bidding with no intent to redeem will be referred to appropriate legal authorities.

Affiliates may lower a lot reserve at any time before or after an auction closes. If the reserve is lowered while the auction is in progress, the applicable reserve message will appear below the Next Required Bid information (Reserve Not Met or Reserve Has Been Met); the asset will sell to the high bidder if the lowered reserve amount is met. If the reserve is lowered after the auction closes, the highest bidder at auction close will receive a winning bidder invoice.

Once an auction begins its closing process, outbid notifications will not be sent.

Once a bid is placed it cannot be retracted.