| Buyer's Premium | Cap | ||
|---|---|---|---|
| 15.00% | $1,500.00 | ||
Auction Address: Mankato, MN 56001
TITLED ASSETS AND GENERAL TERMS
Payment for titled assets to be made by wire transfer or cash ONLY payable to Dailey Realty and Auction Service no later than Tuesday, August 25th at 4:00 p.m. Wire transfer instructions will be provided to winning bidder at the close of this auction and carry an additional $20.00 bank 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 below for this auction in addition to complying with these Affiliate terms.
Bidder understands that in-person 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. The assets are located in the Mankato MN area and inspections are by appointment only by contacting Affiliate Jay Dailey at 507-625-7653 for time and location. The location is NOT the same as the Auctioneer's business address!
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 offered!
All assets on this auction sell AS IS WHERE IS with no warranties, either express or implied by the Affiliate 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 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.
Ownership transfers upon bank verification of payment in full to Affiliate's account, and 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. 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 and bids shall advance only as indicated by the increments published in these terms.
Purchases that are not removed by your loadout appointment time without contacting the Auctioneer the day BEFORE to make alternative arrangements will be deemed ‘abandoned’. No refund or credit will be given to the purchaser and disposal of these items will be at the Auctioneer’s discretion.
Do not bid on this auction if you cannot comply with the payment, inspection, title transfer, and loadout 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.