TERMS & CONDITIONS OF (BUYING THROUGH EQUIPMEN

Other

TERMS & CONDITIONS OF (BUYING THROUGH EQUIPMEN

Used

2

TERMS OF SALE Each person or entity whose agent is bidding at auction is hereinafter referred to as a Bidder. Unless a Bidder registers by providing the information below and agrees to these Terms of Sale, such Bidder will not be provided a bidder’s number nor allowed to bid or participate in the auction. The information is as to the individual bidding and if applicable the information on whose behalf the Bidder is participating (who is hereinafter referred to as a Company). Each Bidder whether live at auction or bidding through the internet through EquipmentDealz Live, Buy Now, or at Auction or through one of our many Bidding platforms including, but not limited to Proxibid, Equipment Facts, Bid Wrangler, Level Bid or others, by registering and obtaining a bidder’s number agrees to submit him/her/itself to venue and jurisdiction over the individual and/or (Company) to the courts of Dallas County, Texas Regardless of location of said Equipment, Lots, or products of EquipmentDealz, LLC. In the event of non-payment for a successful Bid/Buy Now Purchase, suit can be brought against such individual and/or entity in Dallas County, Texas and such individual and/or entity waives any rights to any other venue and/or jurisdiction. The auction catalog online, print advertising, or televised is only a guide without any warranties expressed or implied. Auctioneers announcements supersede any printed material. A successful Bidder must pay for his/her/its purchase not later than the end of the day of the auction. The end of the day means when the auction concludes for that day. If you pay with another payment method the deposit funds will be returned to your credit card. Buyer's premium is added to high bid price. Per item payment is expected day of auction or at receipt of invoice Bidder/Buyer must pay Bidders/Buyer purchases in full in Cash, Wire Transfer, Cashier's Check or Check. Any personal check or a company check must be accompanied by the Bidders/Buyers or Company’s Bank Letter of Credit. Each successful Bidder is to pay: All Bidders will pay a ten percent (10%) Buyers Premium Capped at $55,000. Any Amount Bid over $55,000 the Buyers Premium will be 8% of the final sales price. The percentage is Calculated from the final bid/sale price.There will be a minimum of a $100 per lot. Federal, State and Local Taxes will be added to the purchase price of all taxable items. There is no sales tax charged on buyer’s premium. Sales tax is only charged on the tangible items purchased at auction, but not real estate. There is no sales tax charged on buyers premium, Unless the items to be purchased are located in the state of California and the buyer is taking possession of items purchased in the state of California. For out of state buyers, there is no sales tax charged to customers purchasing and taking possession of items who are located outside the state of which the sale of the items was performed. If you have a valid resale certificate, or Tax-Exempt certificate, these must be presented at the time of your purchase. You can submit them If your entity has a Tax-Exempt Certificate through our Tax Except Submission Form prior to the start of the Auction or Buy Now Purchase. Please submit the link below in your web browser If an individual or company purchasing equipment provides the below forms, they will be exempt from sales tax. The nature of your purchase must be for resale purposes only. 11 Digit Tax Resales Number 01-339 Form If you need Texas Ag Certificate 01-924 or Timber Certificate Form 01-925 Please Find the Forms on our website at the link below A shipping sales tax will be applied to any machinery or tangible items that is shipped from Texas. This applies to out-of-state buyers. Notated by Texas Rule 3.303 C. If applicable, the Texas Emissions Reduction Plan (TERP) Off-Road, Heavy-Duty Diesel Equipment Surcharge will also be added to the purchase price.