| BIDDER REGISTRATION
You must register with the Auction House (G. Potter King Inc.) if you are planning to bid on any automobile. To register as a bidder you must supply the Auction House with your plan to pay for your purchase.
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| Acceptable plans for payment are: |
| 1. |
Personal check or company check - if pre-arranged and guaranteed by a letter of guarantee from your bank or a letter of credit from your bank, or other facilities such as stock houses, credit unions, etc. |
| 2. |
Credit Cards* - your line of credit must be approved by your credit card company prior to your bidding. |
| 3. |
Travelers Checks |
| 4. |
Cashiers Checks |
| 5. |
Bank wire if pre-arranged. |
* Note: Credit Card purchases are subject to a 4% processing fee.
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Bidder Registration Fees
$250.00 BEFORE 2/1/10
$275.00 AFTER 2/1/10
Bidders Fees will be deducted from the Buyer's Premium at settlement with the purchase of vehicle(s) valued at $15,000 or more. Call Jack at: 1-800-227-3868 ext.101
The Lowest of any major auction!!!
A Buyer's Premium exists on all purchases regardless of the amount of the purchase. The 5% Buyer's Premium will be added to the successful bid at the time of settlement. The 5% buyer premium is the lowest in the country.
Pre-Viewing
Autos are available for pre-viewing each day prior to the Auction.
We urge you to personally inspect any vehicle you intend to bid on. ALL SALES ARE "AS IS" & FINAL.
Telephone Bidding
Make arrangements with G. Potter King auction to take your personal phone bid. You must register as a bidder to receive instructions on the bidding process.
1-800-227-3868
Online Bidding
Click on the logo below to set up your online bidding account. There are three steps to complete before you can attend an online auction.
(1) Get a bidder number and password
(2) Sign up for the auction you want to attend
(3) Send in a bank letter for the auction
Condition of Sale
All vehicles are offered "as is". We encourage you to carefully read the conditions as posted on each vehicle. G. Potter King Inc., (the Auction House) does not offer any warranty and is not responsible for any condition of the automobile. The Auction House only expresses the terms and conditions of each vehicle as provided by the owner.
G. Potter King, Inc. is not an auctioneer, the Auction Team is hired by G. Potter King to conduct the auction. They are fully licensed as independent auctioneers. Neither G. Potter King or the Auction Team warrant the authenticity of any vehicle other than that expressed by its owner.
Consignors are warned not to make any claims that are not true or do not represent the automobile as presented. Any misrepresentations of fact by the consignor will result in cancellation of sale.
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CONSIGNMENTS
There are only two methods of consigning your vehicle.
RESERVE:
You and the auction house agree upon a reserve price for your vehicle. That means your vehicle cannot be sold for less than the agreed price without your consent. You may lower your reserve at the auction block if you so desire. If you do lower your reserve, it does not qualify you as a no-reserve car. It is merely a means of helping to sell the vehicle.
NO RESERVE:
Vehicles entered with no reserve pay a reduced consignment fee and a reduced commission. You cannot change your status from a no reserve to a reserve once your contract is signed. All no reserve vehicles are listed as such in all advertising and brochures and also are bold faced in the daily car listings.
CONSIGNMENT NUMBER:
Your vehicle is assigned a lot number according to a number of different considerations. Among these considerations are: quality of vehicle, desirability, reserve status, vehicle type.G. Potter King assigns all lot numbers and reserves the final determination. Remember, the earlier you consign your vehicle the longer it will be listed in our on-line brochure on our website.
REMEMBER:
A) You must drive your vehicle across the block.
B) You must come to the settlement office after your car sells on the block. If you would like to make arrangements for G. Potter King to run a book of settlements for you - you must do it prior to the Auction. We are more than willing to help as long as we know what you desire.
C) ALL TITLES MUST BE IN THE SELLERS NAME. Authorized agents must have a notorized "Letter of Authorization". Licensed dealers are excluded. You will not be permitted to sell any vehicle without a Title, Registration or Build Sheet. CANADIAN CLEARANCE PAPERS MUST BE OBTAINED AT THE BORDER AND SUBMITTED WITH YOUR CONTRACT.
All sales are final. Please inspect each vehicle as completely as possible.
FRIDAY
Lot # 1400-1600
No Reserve: 225.00 / Reserve: $400.00
SATURDAY
Lot # 1700-1900
No Reserve: $250.00 / Reserve: $500.00
SUNDAY
Lot # 2000-2200
No Reserve: $125.00 / Reserve: $200.00
Note: SUNDAY CONSIGNMENTS MUST BE 25 YEARS OR OLDER.
ANY CONSIGNMENT CHANGES WILL BE ASSESSED A $100.00 FEE.
COMMISSION SCHEDULE
ENTRY FEE DOES NOT APPLY TO COMMISSIONS
Friday & Saturday
- No Reserve: 7%
- Reserve: 10%
Sunday
- No Reserve 6%
- Reserve 8%
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