The following highlights key sale terms and identifies sale specific terms. These, along with our General Terms of Sale, comprise the Complete Terms of Sale. Please review the following and download the General Terms of Sale here to confirm the responsibilities you are agreeing to upon participating in this sale.
TERMS AT-A-GLANCE
PAYMENT: All payments are due in full via wire transfer within 5 business days of Invoicing. Buyer is responsible for any bank charges incurred for processing wire transfers (Please note that it is common for your bank as well as intermediate banks to charge a fee).
SELLER APPROVAL & FINAL SALE: All high bids are subject to Seller review and approval in the Seller’s sole discretion. A sale is not final until the Buyer receives written or electronic confirmation of Seller approval. Once approved, the sale is binding, final, and non-cancellable. All items are sold strictly “as-is, where-is,” with no warranties or guarantees. Buyers are encouraged to inspect items before bidding.
SELLER'S SALE AGREEMENT:
Following the close of the sale, the Seller will review the results and, if approved, prepare a Seller's Sale Agreement for the successful buyer.
The successful buyer must execute and return the Seller's Sale Agreement within the timeframe specified by the Seller.
The sale will not be considered final until the Seller's Sale Agreement has been fully executed.
INVOICING & ASSET RELEASE:
Following execution of the Seller's Sale Agreement, the Seller will issue an invoice directly to the buyer for the purchase price of the assets (hammer price). Tiger will separately issue an invoice for the applicable Buyer's Premium. The assets will not be released for pickup or removal until the Seller's Sale Agreement has been fully executed and both the Seller's invoice and Tiger's Buyer's Premium invoice have been paid in full. Failure to satisfy these requirements may result in cancellation of the sale, subject to the applicable Terms & Conditions.
BUYER'S PREMIUM: A 13% Buyer’s Premium will be added to the winning bid and included in the Invoice.
SALES TAX: All Taxes are applied at the end of the sale unless a reseller has notified Tiger prior to the close of sale and qualifies for sales tax exemption. A buyer’s failure to qualify for exemption does not waive its obligations to complete its purchase per the terms of sale.
INSPECTIONS: Available with a minimum of 48 hours of advance notice.
REMOVAL: FCA asset site location, loaded on the Buyer’s truck.
ALL ITEMS SUBJECT TO PRIOR SALE: Auctioneer has the right to add or delete lots for the sale at any time as well as to cancel the sale entirely or sell in bulk.
TAX EXEMPTION: Buyer represents and warrants that any resale or exemption certificate provided is valid and applicable to the purchase. Buyer agrees to indemnify and hold harmless Seller and Auctioneer from any tax liability arising from invalid exemption claims.
For inquires on this sale, please contact Simon Lovett at +1 281-543-5657, slovett@tigergroup.com
