This is a legal agreement between you, the user bidder and RepoMax Auctions.
You must be at least 18 years old to bid.
RepoMax Auctions, at its sole discretion, may ban from further use, any buyer or seller which it believes to have misrepresented itself or any item selling or sold, failed to abide by the terms and conditions or conducted any improper auction or behavior as determined solely by RepoMax. Any seller who misrepresents their items and any buyer who improperly fails to carry through with a purchase will be banned from any further use and may be subject to additional legal actions.
Acceptable forms of payment are as follows: Cash, Visa, MasterCard, Cashier’s Check (which requires a hold until it clears, unless drawn upon our financial institution), Bank Wire.
All winning items must be picked up by high bidders no later than Saturday at 2:00 PM. Winning bidders must pay for all items in full. A buyer’s premium of 13% will be added to the total winning amount (before sales tax) if the bidder pays via cash. A buyer’s premium of 18% will be added to the total winning amount (before sales tax) if the bidder pays via credit card, cashier’s check or wire transfer. With all vehicle purchases the buyer will be responsible for a 95.00 broker fee, tittle fee, and a registration fee.
All bidders are subject to the Michigan 6% sales tax unless you provide our office with the documentation we require for an exemption (for example: out-of-state buyers and out-of-country buyers must pay sales tax on all items including titled items, unless stated differently in the auction terms.
RepoMax reserves the right to charge your credit card a 20% deposit during the auction or 20% immediately following the close of bidding of your total purchase amount. If a deposit is issued or incurred, the balance will be due within five days and prior to removal of purchased item(s), payable by cash, credit card, cashier’s check or wire transfer.
Personal checks & other notes:
No personal or company checks will be accepted for any amount. Note that the purchase price is the sum of the bid price, buyer’s premium, buyer’s fee (if required, i.e. titles, registration, firearms, etc.) and sales tax. All payments must be in U.S. funds. RepoMax reserves the right to charge any remaining balance of your purchase price on your credit card if the balance is not otherwise paid by you within 5 days. We do not accept partial payments. Invoices must be paid in full.