2016 CAT 950M Wheel Loader
Lot #1
Item: 79d2-2404910

Minneapolis, MN

This Lot is:

Closed

Wed, Dec 18, 2019 6:30pm CST

High Bidder: #109520

Current Bid:

$80,000.00

Next Required Bid: $80,500.00

Reserve Not Met

Location / Contact:
6100 Olson Memorial Hwy, Minneapolis, MN 55422
Phone: 612-723-5711

Lot Description:

2016 CAT 950M Wheel Loader

S/N: CAT0950MKEMB03539

Hours: 13,800 - 7100 of the hours are idle time

Returned from a 30 month lease program, any needed repairs were done at lease turn in. Never used in dirt or construction

In Service Date December of 2016. Invoice $338,696

Loaded with options:

Loadrite Scale

Lincoln Auto Lube System

Auto Fire Suppression system

Auto Locking Front and Rear Axles

Aux Hydraulics

Quick Attach System

3v Joystick Loader Controls

23.5 x 25 Michelin tires

Cab, Heat/ AC Radio and Rear Camera

Very clean loader for the hours, runs and works well


Inspection

Auction Closing:

Wed, Dec 18, 2019
06:30 pm

Removal:


Bidding Increments:

Bid Range Minimum Increment
$0.01 - $75.00 $1.00
$75.01 - $150.00 $5.00
$150.01 - $250.00 $10.00
$250.01 - $500.00 $25.00
$500.01 - $1,000.00 $50.00
$1,000.01 - $5,000.00 $75.00
$5,000.01 - $50,000.00 $100.00
$50,000.01 - $75,000.00 $250.00
$75,000.01 - $100,000.00 $500.00
$100,000.01 - $2,500,000.00 $1,000.00

Hammer Price TierBuyer's PremiumCap
$0.00 - $4,999.99 13.00%
$5,000.00 - infinity 10.00%$1,000.00


This auction is contracted and managed by: JB Equipment

Manager: Billie Leffel


There is a 13.00% BUYERS PREMIUM on this auction.

This auction is contrated and managed by JB EQUIPMENT. K-BID is the Dealer of Record. DLR #24714

JB Equipment accepts Business checks, Cash, Credit Card charges only for invoices up to $4000.00. Any invoice over $4000 must be full payment by cash or check.  Please make checks payable to: JB EQUIPMENT

By placing a bid on this auction you are agreeing to the auction specific terms listed below in addition to K-BID user terms.  For auctions contracted and managed by an Independent Affiliate, K-BID Online, Inc. is acting as a venue only and will not be involved in any disputes or issues regarding this auction.

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

Minnesota Sales Tax will be collected.

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

IMPORTANT NOTE: If the high bidder of an item does NOT acknowledge the purchase, K-BID systems reserves the right to determine how and to whom it will be resold. If we determine that the winning bid was not a bona fide bidder, the item WILL NOT AUTOMATICALLY go to the next second-highest bid.

 


Auction Terms Addendum

This auction is contracted and managed by an independent auctioneer. 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 to conduct online auctions.
They 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.

  • Bidders are responsible for all activity under their account.
  • Account information and passwords must not be shared.
  • All bids are binding and may not be retracted.

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

  • Items with a reserve will not sell unless the reserve price is met.
  • Reserves may be lowered at any time at the independent auction company's discretion:
    • During the auction: updated reserve status will be displayed.
    • After closing: the highest bidder may be awarded the item if the reserve is lowered.
  • At closing, items with active bidding will remain open until no bids are received for three (3) minutes.
  • Outbid notifications are not sent once an item enters the closing 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:

  • Reinstatement is at K-BID’s discretion
  • Requires payment of:
    • 20% penalty on unpaid invoice(s)
    • $25 reinstatement fee
  • A valid government-issued ID must be provided
  • Unpaid items will not be awarded

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 independent auction company managing the auction.



6100 Olson Memorial Hwy
Minneapolis
MN, 55422


Phone: 612-723-5711

Buyer to make any shipping arrangements. We do not arrange shipping.

Bid History

30 Bid(s)
Bidder Placed High Bid
109520
Dec 18 06:27pm
$80,000.00
155838
Dec 18 04:38pm
$76,444.01
189340
Dec 18 04:14pm
$75,250.00
123945
Dec 18 03:06pm
$75,000.00
148599
Dec 18 11:37am
$65,000.00
189340
Dec 16 10:42pm
$55,000.00
254352
Dec 16 10:56am
$52,500.00
315684
Dec 13 08:28pm
$52,250.00
254352
Dec 13 09:55am
$52,000.00
315684
Dec 12 02:20pm
$48,100.00
254352
Dec 11 05:27pm
$48,000.00
230638
Dec 10 08:29pm
$42,000.00
315684
Dec 09 09:27pm
$24,100.00
230638
Dec 09 08:34pm
$24,000.00
79506
Dec 09 07:41am
$22,000.00
315684
Dec 09 07:31am
$20,900.00
84329
Dec 08 09:35pm
$20,800.00
315684
Dec 08 09:29pm
$20,700.00
63008
Dec 08 08:49pm
$20,500.00
315684
Dec 08 11:10am
$20,000.00
224221
Dec 08 10:07am
$10,000.00
84329
Dec 08 08:07am
$7,600.00
48515
Dec 07 04:29pm
$7,500.00
276303
Dec 07 04:20pm
$5,000.00
224221
Dec 07 08:42am
$4,000.00
276303
Dec 07 08:05am
$3,000.00
6494
Dec 06 08:51pm
$2,000.00
86796
Dec 06 08:41pm
$1,575.00
232628
Dec 05 10:24pm
$1,500.00
215294
Dec 05 09:12pm
$1,000.00