AUCTION TERMS & CONDITIONS

The following Terms & Conditions apply to the online auction of Dancor Transit Inc. In order to participate in this auction, you must read and accept all of the Terms and Conditions set forth below. (Scroll down to read all Terms)

Buyer's Premium: A buyer's premium of Ten percent (10%) of the high bid will be added to the bid price to determine the final sales price for the auction lot.

All offers are made subject to the approval of the Bankruptcy Court

AUCTIONEER'S NOTE: Due to the Covid-19 Pandemic, we will be following the current CDC guidelines during the designated load out & preview times as follows: Attendees must stay at least 6 feet away from one another at all times while on auction site.

UPDATE ON TERMS - AUCTION LOTS 61-107: Due to legal issues, the sale of the following trailers will not be confirmed until 14 day after the auction.

Lot Number Truck Number
61 4010
62 2225
63 2258
64 4093
65 2192
66 2179
67 4006
68 2229
69 3958
70 3943
71 2274
72 400
73 4018
74 4098
76 4094
77 4007
78 2294
79 2176
80 3962
81 3847
82 2194
83 2165
84 2248
85 2314
86 2287
87 2263
88 2239
89 2246
90 2047
91 2172
95 4091
99 4092
100 2188
102 4014
103 4004
104 2150
105 2210
106 2302
107 2307
Due to legal issues, the sale of the identified trailers are subject to Court approval. The hearing that will determine whether the sale is approved will take place no later than 14 days after the sale. The trailers referenced above may not be removed from the premises until Court approval. We apologize for any inconvenience as this situation on beyond our control.

Auction Site Location: 625 Kerr St. Van Buren, AR 72956

Inspection: Tuesday, June 23rd from 1:00pm-6:00pm. It is strongly recommended that bidders attend and inspect each item before bidding.

Load Out Instructions: By appointment only on the following days: June 26th, 27th 29th & 30th within the hours of 9:00am - 5:00pm each day. If picking up on Friday or Saturday following the auction, contact Paul Colvin at 479-790-5513 to schedule an appointment. If picking up on Monday or Tuesday following the auction, contact Brad Wooley at 501-940-3979. All accounts must be paid in full before any items can be removed. All buyers must present their paid invoice along with government issued ID upon removal. No Exceptions. All Items must be removed before Wednesday July 1st. Contact auction company if you foresee a problem.

Payment Options: Certified Funds Made Payable to Wooley Auctioneers Inc or Wire Transfer. Auction company will call successful bidders at the conclusion of the auction to verify form of payment and furnish wiring instructions if necessary

Payment Instructions: Auction Company will email unpaid invoices at the conclusion of this auction and contact winning bidder by phone to verify form of payment. Wiring instructions will be made available to successful purchasers only. All payments are due immediately following the auction. No exceptions.

Wooley Auctioneers, Inc. (Auction Company) is providing an Internet auction as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall bidder have any kind of claim against Auction Company or anyone else if the Internet service fails to work correctly during the online auction. Auction Company will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy bidding feature and leave their maximum bid at least 24 hours before the auction closes.

Auction Company reserves the right to withdraw or re-catalog items in this auction.

Participation Requirements: Name, address, daytime phone number, email address and a Valid Credit Card required for bidding approval.

Buyer's Contract: Your bids placed on the Wooley Auctioneers website are a contract and you are responsible for paying all amounts due. If you cannot pay for and pick up the items during the times specified, then you must not bid. Contact Auctioneers if you foresee a problem.

Shipping: Auction company does not ship. Buyer is responsible for the removal of all items and equipment.

Failure to Pick-Up Items: All items MUST BE REMOVED from the premises during the designated times. IF YOU FAIL TO PICK-UP ANY ITEMS on the days that have been scheduled you will be subject to penalty up to and including additional storage and administration fees and item forfeiture. Please contact the Auction Company if you foresee a problem.

Currency Type: USD

Additional Terms of Sale:

1. YOUR BID IS A CONTRACT TO BUY should you be the winning bidder.

2. All property is sold "AS IS".

3. There are no returns, refunds, or adjustments.

4. Age Requirement: All bidders must be 18 years of age or older.

5. Our Internet on-line auctions move quickly. If you are interested in an item, bid quickly. If you win an item in the auction you will be notified by email. Any debt collection or dispute proceedings will be heard in Pulaski County, Arkansas.

6. ALL SALES ARE FINAL. Your bid IS A CONTRACT TO BUY should you win.

7. By bidding on any item, the bidder shows acceptance of the terms of the auction

8. The auction company reserves the right to refuse service to any person.

9. All announcements made prior to the close of the Internet bidding take precedence over all written or verbal statements.

10. Wooley Auctioneers attempts to describe the merchandise to the best of our abilities however we make no representations or guarantees. In no event shall Wooley Auctioneers, Inc. be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Nor shall we be responsible for any errors or omissions in the description of the merchandise.

EXPLANATION SOFT CLOSE: if an item receives a bid within the last 2 minutes, then the close time will be extended 2 minutes from the time the bid is placed. The time will continue to be extended for 2 minutes with each newly placed bid and the item will not close until 2 minutes has elapsed with no additional bid activity. This does eliminate "snipers" from our Internet Auctions. Please be assured that we have taken every precaution to set the site up in a transparent manner that allows for the fairest environment for both buyers and sellers.

ONLINE TRUCK & TRAILER FLEET REDUCTION AUCTION DANCOR TRANSIT INC. 625 Kerr St. Van Buren, AR 72956 BIDDING ENDS THURSDAY, JUNE 25th AT 2:00pm INSPECTION: Tuesday, June 23rd from 1:00pm-6:00pm