| Buyer's Premium | Cap | ||
|---|---|---|---|
| 15.00% | $1,500.00 | ||
Auction Address: 1529 1st Avenue, Mankato, MN 56001
On behalf of the U.S. Bankruptcy Trustee and private consignors.
PAYMENT: by wire transfer or cash only.
Cash can be paid at your removal appointment.
Wire transfer instructions will be provided to winning bidder and should be completed within 24 hours of close of auction. Wire transfers carry an additional $20.00 bank transfer fee.
BUYER’S PREMIUM of 15% with a $1,500.00 cap will be added to all purchases.
All bidders must register with K-BID according to their terms published for this auction in addition to complying with these Affiliate terms.
Bidder understands that inspections are critical in their determination of value and should do so BEFORE advancing their bids at the end of the auction.
All inspections are by appointment only. Contact Jay Dailey at 507-625-7653 for location and time. During inspection, vehicles can be started, but test drives are NOT available due to insurance restrictions. Photos that are provided are part of the description. REMOVAL DAY IS NOT INSPECTION DAY and no refunds, discounts or credits against your final winning bid price will be offered and there are no exceptions!
All assets on this auction sell AS IS WHERE IS with no warranties, either express or implied by the Affiliate, the U.S. Bankruptcy Trustee, or any private consignors. All titles have been verified clean and transferable at the time of this listing. Bidders are encouraged to do their own VIN check. VIN # is provided in the lot description.
While every effort is made to disclose obvious and known defects and flaws that may substantially impact value, bidders should inspect and verify for themselves 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 professional 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 and opinion only.
Ownership transfers upon bank verification of payment in full to Affiliate's account, and the completion of all title transfer paperwork. Dailey Realty and Auction Service will be solely responsible for the transfer of all titles of the assets offered in this auction. Title transfer and payment of transfer, tax, and document fees are separate from the sale price and shall take place in person at the North Mankato DMV when you arrive at your appointment for pick-up, whether you are a dealer or private party. Please come prepared with your current driver’s license, dealer license (if applicable), proof of insurance and method of payment to the DMV.
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 your pre-arranged appointment time will be deemed ‘abandoned’. No refund or credit will be given to the purchaser and liquidation or disposal of these assets shall be at the Auctioneer’s discretion.
If a situation arises that will prevent you from showing up at your appointed time, call the Auctioneer the day BEFORE your scheduled appointment to request alternate arrangements to avoid abandonment!
Do not bid on this auction if you cannot comply with the payment, inspection, title transfer, and pickup instructions outlined in these terms!
Auction Terms Addendum
This auction is contracted and managed by an independent affiliate. By placing a bid, you agree to both the auction-specific terms listed on this page and the K-BID User Terms and Agreements.
Platform Role
K-BID Online, Inc. (“K-BID”) operates and maintains K-BID.com as a venue for independent auction companies (“Affiliates”) to conduct online auctions.
Affiliates are independent entities and are not employees, agents, or representatives of K-BID. K-BID’s knowledge of individual auctions is limited to the information provided on the website.
Bidder Responsibilities
By placing a bid, you confirm that you are at least 18 years old and agree to comply with all applicable terms.
Inspection & Removal
Inspection dates and times are provided for every auction. Bidders are strongly encouraged to inspect items prior to bidding.
Removal day is not an inspection day.
Once an auction closes and an invoice is issued, the winning bidder is obligated to complete the purchase.
Item Condition
All items are sold “as is, where is,” with no guarantees or warranties. Buyers are responsible for their own due diligence.
Buyer’s Premium
If applicable, Buyer’s Premium caps are applied per item, not per invoice.
Auction Process
Compliance & Enforcement
Failure to comply with auction terms, including removal requirements, may result in suspension of bidding privileges.
If bidding privileges are suspended due to unpaid invoices:
Duplicate accounts will be deactivated. Suspected fraudulent activity may result in bid removal, account holds, or permanent suspension. K-BID reserves the right to refuse service to any user and may refer fraudulent behavior to appropriate authorities.
Seller Conduct
Sellers and their agents are strictly prohibited from bidding on their own items.
Sales Tax
Applicable sales tax will be collected by the affiliate managing the auction.