1622901324631067

QUARTERLY BANK REPO, SEIZED ASSET AND CONSIGNMENT AUCTION

by L.W. Benton Company, Inc.

When

March 03, 2012 10:00 AM Eastern

Where

L.W.Benton Co. Facility Macon, GA

How

Online Only

Notes

Share This Auction

Bank Repo, Seized Vehicles & Consignment Auction
Heavy Equipment, Vehicles, Trucks, Classic Cars, Trailers, Atv’s, Campers, Boats, Lawn Equipment, Tools and Much More!
Many Seized Vehicles selling absolute!

Live Auction:
March 3rd at 10AM
 
Online Pre-Bidding Available Through
March 3rd at 8AM
Winning online bids will be represented on behalf of the bidder at the live auction.
Be sure to put your true Max Bids in!

Location:
L.W. Benton Company Facility
107 Oak Valley Drive
Macon, Georgia 31217
On Hwy 49 (Jones County)
Across from  Peacocks Auto Salvage
 
Consignments:
Consign you item today to benefit from advertising!
Consignments accepted through March 1st
2 Options:
$25 Drop Fee per item (Drop Fee waived for Absolute Items)
or
10% commission per item (NO reserves accepted with this option, sells absolute)
 
Inspections:
Thursday, March 1st from 10AM - 5PM
Friday, March 2nd from 10AM - 5PM
 
 
L.W. Benton Company, Inc.
#3215
 
Terms & Conditions



By registering to bid on the internet, you acknowledge that you have read & understand the terms and conditions for each auction and/or auction item, and you agree to abide by all terms and conditions for each auction and/or auction item.



Live Auction and Pre-Bidding Through www.bidderone.com:

For all cash or check purchases, a 10% buyer's premium will be added to the

bid to establish the final price. For example, a bid of $100 will be assessed a $10 buyer's premium, creating a contract price of $110 plus sales tax.

A 13% buyer's premium will be charged for all Credit Card Purchases made at the live auction or through www.bidderone.com online pre-bidding system.



Please Note:

Online pre-bidding will end on Friday night at 8 PM. Winning bids will be represented on behalf of the online bidder at the live auction up to but not over the online bidders max bids. There are no additional fees for the use of our online pre-bidding system.



Documentation Fee: There will be a $40 document transfer fee added to all vehicle and equipment purchases that require a title or document transfer with the State. When signatures are required to transfer the title, it is the sole responsibility of the buyer to submit the necessary signatures and information for that transfer. L.W. Benton Co, nor the Seller, will be responsible for any late fees accrued for a title transfer as the result of negligence or untimely submission of paperwork by a Buyer.



Seized Vehicles: Some of the vehicles in this auction are being sold by court order. LWBC will apply for a new title in the purchaser�s name; however it can typically take 60 days or more to receive a new title for a vehicle sold by court order.



Title Cancelation: Buyers who purchase titled vehicles with the intent to scrap, salvage and/or dismantle said vehicles may be exempted from the $40 document fee by signing a letter stating their intent to do so, thus granting L.W. Benton Co. permission to request that the State cancel the current title. Upon doing so, Buyers understand that there is no remedy to this request and a title cannot be reapplied for once canceled.



Firearm Terms: As a Federally Licensed Firearms Dealer, L.W. Benton Company (LWBC) is required to ensure that bidders who purchase a firearm are legally allowed to do so through a FBI NICS background check. If a bidder doubts his or her ability to pass a NICS check, it is highly recommended that he or she NOT BID on a firearm. High bidders must take possession of purchased firearms in person at LWBC�s Macon facility or at another Federal Firearms Licensed (FFL) location. High bidders will be required to pay the full amount due on their firearm BEFORE the NICS check is run. In the event that a high bidder fails the NICS check, he or she will not be allowed to have the firearm transferred to their possession, nor can it be transferred to another individual. Instead, LWBC will hold the firearms, at their discretion, until the next suitable opportunity to auction or sell the firearms. High bidders who fail the NICS check will be charged a Thirty-Dollar ($30) re-stocking fee per firearm, as well as regular Seller�s fees when the firearm is auctioned again. These fees, as well as any others, will be deducted from the proceeds of the resale of the firearms. Any remaining proceeds will be paid to the original high bidder as though they were the consignor of the firearm.



In the event that a high bidder requests to have a firearm shipped to another FFL, they must first pay the full amount due for the firearm plus any additional shipping costs prior to shipping. If the high bidder should fail his or her NCIS check by this FFL dealer, LWBC WILL NOT REFUND any portion of the purchase price or shipping costs to the high bidder. It will be the discretion of the second FFL dealer as to how he wants to dispose of the firearm. When possible, LWBC will make the effort to retake possession of the firearm and sell it again, per the terms in the paragraph above.



Bidders take note: Firearms can only be purchased by the registered bidder, not by another individual, family member or friend. Bidders must be 18 years of age or older on the date of the close of the auction to purchase long guns or long gun ammunition. Bidders must be 21 years of ago or older on the date of the close of the auction to purchase handguns or handgun ammunition.



It is the buyer's responsibility to have any used firearms inspected by a certified gunsmith before firing. L.W. Benton Company, Inc. has made no attempts to test these items.









Legal courses of action



Bids are a binding offer to enter a contract and you are responsible for honoring them. Every legal remedy available will be used to ensure buyer's performance of this contract. Buyer accepts responsibility for and agrees

for buyer and all of buyer's agents, representatives, successors and assigns to indemnify, defend and hold harmless sellers & L.W. Benton Company, Inc., their employees, governing body, officers, owners, affiliates, subsidiaries, directors, agents, and representatives from and against any and all claims, losses, damages, liabilities, judgments, fees, costs, and expenses including reasonable attorneys' fees and expenses related to, arising from, or

associated with (I) the sale of the property, including, but not limited to, personal injuries or property damage incurred on the sale premises or during removal and transport of any auction item, (II) buyer's use of L.W. Benton Company, Inc.'s website and (III) a dispute with another bidder.



Arbitration



For disputes between buyer and seller or L.W. Benton Company, Inc., that are not resolved by the parties within ten days after any party gives notice to the others of its desire to arbitrate the dispute, the dispute shall be settled by binding arbitration by the American Arbitration Association in accord with its then-prevailing rules. Such arbitration shall be conducted in Macon, Georgia. Judgment upon the arbitration award may be entered in any court having jurisdiction. The arbitrator shall have no power to change the provisions of this agreement. The arbitrator shall consist of one arbitrator, who must be a real estate attorney actively engaged in the practice of law for at least the last five years.



Bid rejection



L.W. Benton Company, Inc. reserve the right to reject any and all bids from any bidder.



Bid retraction



By placing a bid, buyer and all other bidders acknowledge all terms of the auction and agree not to retract the

bid. If a bidder cannot satisfy the terms of the auction, the bidder should not bid.



Assessment of condition



All bidders, including buyer, should rely solely on personal inspection and not information listed in these items, on the website, or otherwise provided by L.W.Benton Company, Inc. or seller. Any bidder's failure to inspect, or otherwise be fully informed as to the nature, quality, condition, quantity, and size of any items will not constitute grounds for any claim, adjustment, refund, termination of the Auction Contract, or refusal to close the sale.



Penalties

Purchases not picked in accordance with the removal terms will be forfeit and resold to cover storage fees with no credit given to the original buyer. Buyers accounts will then be turned over to a collection agency for any delinquencies and storage fees yet unpaid.



Payment information

For buyers attending the auction, payment must be made the day of the sale before removing any merchandise from the premises. Buyers who do not pay the day of the auction will be charged a $25 or 3% service fee per day, whichever is greater, for not paying and will be billed immediately. Payment must be made in the form of cash, cashiers check, official check, personal check along with bank letter of credit. We also accept MasterCard, Visa, Discover, and American Express however an additional 3% will be added to the buyer's premium, bringing your Buyer's premium to 13%.



For internet purchases full payment will be charged to the credit card on file unless buyer notifies auctioneer of preferred alternate payment method. This payment must be received no later than 48 hours after the Auction. If payment has not been recieved within the 48 hour time period, LWBC will charge the credit card on file without notice to the card holder. Items may not be picked up until full payment is made. Items can be picked up on the day of the auction or the following Monday, Wednesday, Thursday, or Friday from 10AM - 4PM. Please note there are NO Tuesday pick ups. Other available pick up times and dates to be announced at the Auction.



Item removal information



Merchandise must be removed immediately after the auction unless arrangements are made or items were won by the Internet bidding system. Internet purchases MUST be picked up after having paid as described above.



Shipping

No shipping is available for these items unless prior arrangements are made with the auction company.

Purchaser is responsible for loading all

items.

Items must be removed the day of the auction, unless special arrangements

have been made with the Auctioneer. Any item left will be at right of removal by auctioneer.



Questions

Please call L.W. Benton Co. at 478.744.0027 for more information. Problems with or questions about Internet bidding should be directed to bo@bidderone.com.



Note

Please note that we have not made any attempts to test any items. The bidder is responsible for inspecting the items themselves. Items may be missing parts including but not limited to keys. The Baja Motorsports are returns, overstocks, or display models. It is our recommendation to inspect these items prior to bidding online or at the live auction.



If you have any question about a specific item, please call us at 478-744-0027.come!

Conducted By

L.W. Benton Company, Inc.

Phone: 478-744-0027

Ask The Auctioneer