143 INTERSTATE AUCTIONS LLC TERMS AND CONDITIONS

TERMS AND CONDITIONS ARE SUBJECT TO BEING UPDATED FROM TIME TO TIME, WITH OR WITHOUT NOTICE. PLEASE READ CAREFULLY. LAST UPDATED 1/30/24.

**WHEN YOU BID, WHETHER IT BE LIVE OR ONLINE, YOU ARE AGREEING TO ALL TERMS AND CONDITIONS OF THE AUCTION. BIDDING MEANS YOU ARE ACKNOWLEDGING YOU HAVE READ ALL TERMS AND CONDITIONS AND YOU ARE FULLY AWARE YOU ARE BOUND BY THE TERMS AND CONDITIONS OF THE AUCTION.**

EVERYTHING SELLS AS IS, WHERE IS, NO WARRANTY IS EXPRESSED OR IMPLIED.

BIDDERS WILL NOT HAVE ANY RIGHTS OR ENTITLEMENT OF DAMAGES, ALLOWANCE, RESCISSIONS OR ANY OTHER AMENDS, CORRECTIONS OR REMEDIES IN RELATION TO THE CONDITION OR STATE OF THE ITEM PURCHASED.

YOU MUST BE 18 YEARS OF AGE OR OLDER TO LEGALLY ENTER INTO A CONTRACT, WHETHER LIVE OR ONLINE. YOU MUST PROVIDE A VALID DRIVER'S LICENSE OR PHOTO ID. THE INFORMATION YOU PROVIDE MUST BE ACCURATE, AND COMPLETE, AS WELL AS CURRENT, WHEN REGISTERING. IF YOU ARE IN OUR SYSTEM AND ANY INFORMATION YOU HAVE PROVIDED HAS CHANGED, YOU AGREE TO UPDATE ANY CHANGES.

ALL CUSTOMERS/BIDDERS MUST BE PRESENT DURING ANNOUNCEMENTS ON THE DAY OF THE AUCTION. ANNOUNCEMENTS TAKE PRECEDENCE OVER THIS WEBSITE, FLYER, OR ANY OTHER INFORMATION RECEIVED FROM ANY OTHER SOURCE. ANNOUNCEMENTS BEGIN AT 10 AM CST ON AUCTION DAY.

DEPOSIT:�
REGISTRATION DEPOSIT OF $300.00 WILL BE REQUIRED AT THE TIME OF REGISTRATION. IF YOU PLACE THE WINNING BID, THE $300.00 REGISTRATION DEPOSIT WILL BE APPLIED TOWARDS THE TOTAL AMOUNT DUE. IF YOU DO NOT PLACE THE WINNING BID, RETURN TO THE OFFICE AND YOUR REGISTRATION DEPOSIT WILL BE REFUNDED TO YOU. IF YOU ARE PAYING WITH A CREDIT/DEBIT CARD, THERE IS A 2.4% CONVENIENCE FEE. IF YOU DO NOT PLACE A WINNING BID, YOU WILL NOT BE CHARGED THE FEE ANDYOUR DEPOSIT (MINUS THE CONVENIENCE FEE) WILL BE RETURNED TO YOUR CARD WITHIN 24-72 HOURS.�WHEN YOU REGISTER, YOU WILL RECEIVE A BID CARD WITH A BIDDER NUMBER. ALL BIDDERS MUST HAVE THEIR OWN BID CARD/BIDDER NUMBER. IF YOU ARE PURCHASING A PERSONAL USE VEHICLE AND A BUSINESS USE VEHICLE, YOU MUST HAVE A SEPARATE BID CARD/BIDDER NUMBER FOR EACH ACCOUNT. YOU AGREE YOU ARE RESPONSIBLE FOR THAT BIDDER NUMBER AND ANY BIDS PLACED WITH YOUR BIDDER NUMBER. YOU ACCEPT ALL RISKS REGARDING YOUR BIDDER NUMBER.�

ONLINE BIDDERS:

YOU MUST CALL OUR OFFICE AT 931-296-7743 UPON REGISTRATION TO PLACE YOUR $300 REGISTRATION DEPOSIT.

YOU ARE GIVING 143 INTERSTATE AUCTIONS LLC THE RIGHT TO CHARGE THE CREDIT/DEBIT CARD ON FILE A $300 REGISTRATION DEPOSIT. IF YOU PLACE THE WINNING BID AND OUR OFFICE CANNOT REACH YOU FOR PAYMENT BY 4PM CST, YOUR TOTAL AMOUNT DUE, INCLUDING TAXES AND FEES, WILL BE CHARGED TO THE CREDIT CARD ON FILE WITH HIBID. THERE IS A 2.4% CONVENIENCE FEE WHEN USING YOUR CREDIT/DEBIT CARD.�IF YOU PLACE THE WINNING BID, THE $300.00 REGISTRATION DEPOSIT WILL BE APPLIED TOWARDS THE TOTAL AMOUNT DUE. IF YOU DO NOT PLACE THE WINNING BID, THE $300 REGISTRATION DEPOSIT WILL BE RETURNED TO YOUR CARD WITHIN 24-72 HOURS.

IF YOU PLACE THE WINNING BID AND REFUSE TO PAY FOR THE VEHICLE(S) YOU WON, YOUR $300 DEPOSIT WILL NOT BE REFUNDED TO YOU, YOU WILL NOT REMOVE THE VEHICLE(S) FROM THE PREMISES AND YOU WILL NOT BE ABLE TO REGISTER WITH 143 INTERSTATE AUCTIONS LLC FROM THAT POINT ON.�

AN ADDITIONAL FEE OF 3% OF THE GRAND TOTAL (INCLUDING TAXES AND FEES) WILL BE ADDED TO ONLINE BUYERS' TOTAL PRICE FOR ONLINE SERVICES.

**IF YOU CHOOSE TO BID ONLINE WITHOUT INSPECTING VEHICLES IN PERSON, YOU UNDERSTAND AND AGREE YOU HAVE CHOSEN TO WAIVE THAT RIGHT.143 INTERSTATE AUCTIONS LLC WILL NOT BE HELD LIABLE FOR ANY ISSUES REGARDING THE ITEM(S) YOU CHOOSE TO BID ON. WE ENCOURAGE AND OFFER OUR CUSTOMERS THE OPPORTUNITY TO COME TO OUR FACILITY AND INSPECT INVENTORY DURING THE WEEK, AS WELL AS 3 HOURS BEFORE THE AUCTION BEGINS.143 INTERSTATE AUCTIONS LLC IS NOT RESPONSIBLE FOR ANY ADDITIONAL COSTS YOU MAY INCUR THAT RELATE TO YOUR PURCHASE(S).�BIDDERS WILL NOT HAVE ANY RIGHTS OR ENTITLEMENT OF DAMAGES, ALLOWANCE, RESCISSIONS OR ANY OTHER AMENDS, CORRECTIONS OR REMEDIES IN RELATION TO THE CONDITION OR STATE OF THE ITEM PURCHASED.**

**IF YOU PERFORM A CHARGE BACK ON YOUR CARD, LEGAL ACTION WILL BE TAKEN.**
YOU WILL ALSO BE PROHIBITED FROM PARTICIPATING IN ANY AUCTION AT 143 INTERSTATE AUCTIONS LLC FROM THAT POINT ON.�

AUCTIONEER RESERVES THE RIGHT TO SUSPEND ANY BID CARD/BIDDER NUMBER AT ANY POINT DURING THE AUCTION. AUCTIONEER RESERVES THE RIGHT, IN THE EVENT OF A TIE BID, TO REOPEN THE BIDDING UNTIL THE HIGHEST BIDDER IS DETERMINED BY THE HIGHEST BID. WHEN THE HIGHEST BID IS ACCEPTED BY THE AUCTIONEER, THE BIDDER IS ENTERED INTO A VERBAL CONTRACT WITH THE AUCTIONEER AND 143 INTERSTATE AUCTIONS LLC. AT THAT TIME, THE BIDDER CANNOT REVERSE OR RETRACT THEIR BID. BIDDER WILL THEN FOLLOW THROUGH WITH THE PURCHASING PROCESS, WITH NO EXPECTATIONS OF DAMAGES, ALLOWANCE, RESCISSIONS OR ANY OTHER AMENDS, CORRECTIONS OR REMEDIES IN RELATION TO CONDITION OR STATE OF THE ITEM PURCHASED. YOU AGREE THAT 143 INTERSTATE AUCTIONS LLC MAY SUSPEND, DISAPPROVE OR TERMINATE ANY BIDDER REGISTRATION AT ANY TIME AND FOR ANY REASON, AT 143 INTERSTATE AUCTIONS LLC'S DISCRETION. 143 INTERSTATE AUCTIONS LLC MAY PROHIBIT ANYONE FROM PARTICIPATING IN THE AUCTION SERVICES. BASED ON TN LAW, AUCTIONEER RESERVES THE RIGHT TO BID ON BEHALF OF THE VEHICLE OWNER UP TO ANY RESERVE PRICE SET ON THE VEHICLES BEING SOLD. ALL ITEMS ARE SOLD WITH RESERVE UNLESS NOTED OTHERWISE.?YOU ACCEPT ALL RISKS REGARDING YOUR PAYMENT METHOD AND PAYMENT INFORMATION. IF YOU REGISTER ONLINE, YOU ARE RESPONSIBLE FOR ANY RISKS REGARDING YOUR LOGIN INFORMATION AS WELL.

YOU AGREE YOU WILL PAY FOR ALL WINNING BIDS THE DAY OF THE SALE, NO EXCEPTIONS, INCLUDING APPROPRIATE BUYER'S FEES (BUYER'S PREMIUMS), TAXES, ADMINISTRATIVE FEES, DRIVE OUT TAGS (IF NEEDED), ONLINE BUYER'S FEE(S), ANY AND ALL CONVENIENCE FEES IF THEY ARE REQUIRED WITH YOUR METHOD OF PAYMENT, AS WELL AS ANY OTHER FEES STATED REGARDING YOUR PURCHASE.ITEMS BECOME THE FULL RESPONSIBILITY OF THE BUYER AT THE TIME THE BUYER PLACES THE WINNING BID, INCLUDING FULL LIABILITY INSURANCE COVERAGE AND TAGGING THE VEHICLE SO IT IS STREET-LEGAL.

�**�A $20 ADMINISTRATIVE FEE WILL BE APPLIED TO EACH VEHICLE PURCHASED.�**

IF YOU ARE A SELLER, YOU AGREE THE APPROPRIATE SELLER FEES (SELLER PREMIUMS) ON EACH INDIVIDUAL ITEM SOLD WILL BE DEDUCTED FROM THE AMOUNT YOU WILL RECEIVE OF THE WINNING BID PLACED ON EACH ITEM.�EVERYONE BUYING AND/OR SELLING ACKNOWLEDGES THEY MUST PAY THESE FEES.

IF WINNING BID IS�$999.99 & UNDER-� BUY FEE IS $100; SELL FEE IS $100
IF WINNING BID IS $1,000 TO $1,999.99-��BUY FEE IS $125; SELL FEE IS $125
IF WINNING BID IS $2,000 TO $2,999.99-� �BUY FEE IS $150; SELL FEE IS $150
IF WINNING BID IS $3,000 TO $3,999.99-� BUY FEE IS $175; SELL FEE IS $175
IF WINNING BID IS $4,000 TO $4,999.99-� BUY FEE IS $200; SELL FEE IS $200
IF WINNING BID IS $5,000 TO $5,999.99-� BUY FEE IS $225; SELL FEE IS $225
IF WINNING BID IS $6,000 TO $6,999.99-��BUY FEE IS $250; SELL FEE IS $250
IF WINNING BID IS $7,000 TO $7,999.99-� BUY FEE IS $265; SELL FEE IS $265
IF WINNING BID IS $8,000 TO $8,999.99-��BUY FEE IS $275; SELL FEE IS $275
IF WINNING BID IS $9,000 TO $9,999.99-� BUY FEE IS $300; SELL FEE IS $300
IF WINNING BID IS $10,000 AND UP -��BUY FEE IS $350; SELL FEE IS $350
**THIS FEE LIST ONLY APPLIES TO REGULARLY SCHEDULED PUBLIC AUTOMOBILE AUCTION SALES**�

PURCHASES MADE ON THE DAY OF SALE MUST BE PAID IN FULL BEFORE ITEM WILL BE ALLOWED TO LEAVE THE PREMISES. REMOVAL IS AT THE EXPENSE, RISK AND LIABILITY OF THE PURCHASER: THIS INCLUDES LOADING, TRANSPORTING AND/OR PICKING UP VEHICLES OR ITEMS.
143 INTERSTATE AUCTIONS LLC WILL ALLOW 5 BUSINESS DAYS FROM THE DATE OF SALE TO REMOVE ALL PURCHASED ITEMS. AFTER FIVE BUSINESS DAYS, THERE WILL THEN BE A STORAGE FEE AT A RATE OF $20.00 FOR EACH ITEM PER DAY. IF THE ITEM REACHES 30 DAYS STORAGE, THE ITEM WILL THEN BE CONSIDERED DESERTED OR ABANDONED. THE SAID ITEM OR ITEMS WILL THEN BE SOLD AT THE NEXT SCHEDULED SALE AT THE NEGLIGENT BUYER'S EXPENSE. NO REFUND OF ANY KIND WILL BE RETURNED TO THE BUYER THAT ABANDONED THE VEHICLE OR VEHICLES.
YOU AGREE THAT BOTH 143 INTERSTATE AUCTIONS LLC AND THE SELLER MAY SEEK LEGAL PROCEEDINGS AGAINST ANYONE THAT FAILS TO PAY PUNCTUALLY FOR ANY AND ALL SUCCESSFUL WINNING BIDS FOR PROPERTY OR ANY MERCHANDISE CONSTRUCTED USING YOUR BIDDER NUMBER AND/OR YOUR PAYMENT INFORMATION AND THAT THE LEGAL CONSTITUTION MAY PERMIT FOR THE FILING OF CRIMINAL OR CIVIL ACTIONS.

YOU AGREE THAT BY PRESENTING ANY BID IN THE NAME OF ANY BUSINESS, ENTITY, COMPANY ENTERPRISE, PARTNERSHIP OR CORPORATION, YOU ARE PERSONALLY PLEDGING FULL PAYMENT OF WINNING BID MADE USING YOUR BIDDER NUMBER OR YOUR PAYMENT INFORMATION.

�IF YOU ARE UNABLE TO REMOVE YOUR PURCHASE(S) THE DAY OF THE SALE, WEEKLY HOURS OF REMOVAL/PICKUP ARE MONDAY-FRIDAY 8AM-5PM.

IF BUYER MAKES REPAIRS TO VEHICLE AND VEHICLE HAS TO BE RETURNED DUE TO TITLE ISSUES, 143 INTERSTATE AUCTIONS LLC IS NOT RESPONSIBLE AND WILL NOT COMPENSATE FOR REPAIRS OR IMPROVEMENTS MADE TO SAID VEHICLE.�

THE FOLLOWING PAYMENT METHODS ARE ACCEPTED:
�*CASH (USD)*

*DEBIT/CREDIT CARD--VISA, MASTERCARD, DISCOVER & AMERICAN EXPRESS** DEBIT/CREDIT CARDS WILL BE CHARGED A 2.4% CONVENIENCE FEE **

*CASHIER'S CHECK, COMPANY CHECK AND PERSONAL CHECKS**
ALL PERSONAL AND COMPANY CHECKS WILL NEED TO BE ACCOMPANIED BY A LETTER OF GUARANTEE FROM YOUR BANK DATED FOR THE DAY OF THE SALE. SEE SAMPLE LETTER IN MAIN MENU ON OUR WEBSITE.
**ALL CHECKS SHOULD BE MADE OUT TO 143 INTERSTATE AUCTIONS LLC.�

***TAXES WILL BE CHARGED ACCORDING TO TN LAW.***

MOTOR VEHICLE DEALERS
MOTOR VEHICLE DEALERS MUST PROVIDE A COPY OF THEIR MOTOR VEHICLE DEALER LICENSE OR THEIR CARD.
MOTOR VEHICLE DEALERS MUST PROVIDE A COPY OF THEIR SALES AND USE TAX CERTIFICATE OF RESALE FOR THEIR PURCHASE TO BE EXEMPT FROM SALES TAX.
�ANY MOTOR VEHICLE SALESMAN REPRESENTING A DEALERSHIP MUST PROVIDE A COPY OF THEIR SALESMAN LICENSE OR CARD.�

**EFFECTIVE OCTOBER 23, 2023 143 INTERSTATE AUCTIONS LLC WILL BE CHARGING A $50 FLOOR FEE.
WE ARE SIGNED UP WITH KINETIC ADVANTAGE, NEXTGEAR CAPITAL FINANCE AND AUTOMOTIVE DEALERS FINANCE.

�A COPY OF AGRICULTURAL SALES AND USE TAX CERTIFICATE OF EXEMPTION MUST BE PROVIDED BY FARMERS FOR AGRICULTURAL EXEMPTIONS FOR THEIR PURCHASE TO BE EXEMPT FROM SALES TAX.�

ALL BIDDERS UNDERSTAND AND AGREE THAT INSPECTIONS ARE THE RESPONSIBILITY OF THE BIDDER. THIS INCLUDES CHECKING THE MILEAGE ON THE VEHICLE ODOMETER, AS WELL AS ANY OTHER INSPECTIONS. AUCTIONEER AND 143 INTERSTATE AUCTIONS LLC DO NOT KNOW THE CONDITION OR THE STATE OF ANY ITEM THAT IS BEING SOLD ON THE DAY OF THE AUCTION, THEREFORE YOU AGREE YOU ARE SOLELY RESPONSIBLE FOR INSPECTING VEHICLES. 143 INTERSTATE AUCTIONS LLC IS NOT RESPONSIBLE FOR ANY ERRORS REGARDING MILEAGE POSTED OR ANY OTHER INFORMATION THAT MAY PROVE TO BE INACCURATE. WE PROVIDE THE BEST INFORMATION POSSIBLE AS A COURTESY TO OUR CUSTOMERS.

TITLES

** WHEN CONSIGNING YOUR VEHICLE, YOU MUST BRING THE VEHICLE'S CLEAN TITLE TO THE OFFICE THE DAY OF CONSIGNMENT. THE TITLE MUST BE IN YOUR NAME. **

IN THE EVENT THE MERCHANDISE HAS A LIEN, THE LENDER WILL NEED TO BE CONTACTED AND A LETTER FROM THE LENDER WILL NEED TO BE SUBMITTED TO 143 INTERSTATE AUCTIONS LLC TO SHOW WHAT THE LENDER IS OWED AND TO WHOM THE REMAINING BALANCE WILL BE DISPERSED TO.

ALL CONSIGNER GUIDELINES MUST BE FOLLOWED. 143 INTERSTATE AUCTIONS LLC WILL ALLOW 5 BUSINESS DAYS FROM THE DAY OF THE SALE TO REMOVE ALL UNSOLD ITEMS. AFTER 5 BUSINESS DAYS, THERE WILL BE A STORAGE FEE AT THE RATE OF $20.00 FOR EACH ITEM PER DAY. IF ITEMS ARE LEFT ON THE AUCTION PREMISES FOR MORE THAN 30 DAYS, THEY ARE CONSIDERED DESERTED OR ABANDONED. 143 INTERSTATE AUCTIONS LLC MAY PURSUE LEGAL ACTION AT THAT TIME. ANY ITEMS THAT DO NOT MEET OR SATISFY THE REQUIREMENTS OF 143 INTERSTATE AUCTIONS LLC OR STATE LAW WILL NOT BE SOLD.

TITLES WILL NOT BE AVAILABLE THE DAY OF THE SALE.
YOU AGREE TO GIVE 143 INTERSTATE AUCTIONS LLC UP TO 30 DAYS TO PRESENT YOUR TITLE TO YOU.

143 INTERSTATE AUCTIONS LLC WILL BE GLAD TO MAIL ANY CUSTOMER TITLES USING CERTIFIED MAIL IF CUSTOMERS ARE NOT AVAILABLE TO COME IN TO THE AUCTION HOUSE AND PICK UP TITLE.
ANY OFF-ROAD MOTORCYCLES, ATVs, SPORT UTILITY VEHICLES, TRAILERS PURCHASED ON AUCTION DAY WILL HAVE A TITLE UNLESS THE AUCTIONEER ANNOUNCES THAT IT DOES NOT.

SHIPPING OF TITLE:�THERE IS A CHARGE OF $18.00 PLUS TAX.�IF YOU CHOOSE TO HAVE YOUR TITLE SHIPPED TO YOU,�143 INTERSTATE AUCTIONS LLC WILL NOT BE HELD RESPONSIBLE FOR ANY SHIPPING ISSUES. IF ANY TITLE IS LOST OR DAMAGED, IT WILL BE YOUR RESPONSIBILITY TO PAY FOR A DUPLICATE TITLE AND ANY OTHER COSTS SUCH AS SHIPPING OF DUPLICATE TITLE.

YOU AGREE AUCTIONEER AND 143 INTERSTATE AUCTIONS LLC WILL NOT BE HELD LIABLE FOR ANY PROBLEMS THAT MAY ARISE WITHIN THE SOFTWARE.

YOU AGREE 143 INTERSTATE AUCTIONS LLC IS NOT RESPONSIBLE FOR ANY INJURY THAT COULD POSSIBLY OCCUR TO BUYERS, SELLERS OR SPECTATORS, COMPLICATIONS DUE TO EXPOSURE TO HAZARDOUS CHEMICALS, OR CONTACTING ANY TYPE OF ILLNESS.

YOU AGREE 143 INTERSTATE AUCTIONS LLC WILL NOT BE HELD LIABLE FOR ANY FOOD/DRINK VENDOR, THEIR EMPLOYEES, THEIR PRODUCTS OR ANY OTHER SITUATION THAT MAY ARISE FROM THEIR SERVICES INCLUDING BUT NOT LIMITED TO ANY ELECTRICAL CORDS OR OUTLETS, HOT SURFACES, ETC.

YOU AGREE YOU ENTER 143 INTERSTATE AUCTIONS LLC PROPERTY AT YOUR OWN RISK. INSIDE THE GATE IS A VERY FAST PACED AREA. VEHICLES WILL BE MOVING CONSTANTLY. ANYONE ON THE PROPERTY IS RESPONSIBLE FOR THEIR OWN SAFETY AND WELL BEING. ANY MINOR ON THE PREMISES IS TO BE ACCOMPANIED BY AN ADULT AND THAT ADULT IS RESPONSIBLE FOR THE SAFETY AND WELL-BEING OF SAID MINOR. YOU AGREE NO PERSON SHALL HAVE ANY CLAIM AGAINST 143 INTERSTATE AUCTIONS LLC OR ITS AGENTS, AUCTIONEER, OR ANY EMPLOYEE.

PUBLIC AUTO AUCTION