CITY OF WINSTON SALEM ONLINE ONLY ROLLING STOCK AUCTION

PLEASE DO NOT BID UNTIL YOU HAVE READ THESE TERMS AND CONDITIONS OF SALE.

REGISTRATION AUTHORIZATION: Registration authorization is required for first time bidders prior to bidding and will be authorized on your credit card. The $50.00 is held by your individual bank or credit card company according to the length of time that they hold authorizations. This is NOT a charge from the auction company and is similar to putting down a credit card to hold a hotel reservation. If you do not make any purchases, you will have no charges against your account. This authorization is separate from your purchases and will not be applied to your final payment as it is ONLY authorized and not charged to your account.

If buyer does not pay in allotted time they will be banned from future auctions. All items will be sold 'AS-IS' where is with all faults if any. Rogers Realty & Auction Co nor the seller make any warranty whatsoever. All sales are final. No refunds will be given under any circumstances. No exceptions! Photos, Videos and Descriptions are not guaranteed to capture all specifications or defects about auction items. All Items Sold “AS IS, WHERE IS”! Descriptions may change up to sale day!

PAYMENT TERMS: Auction company will accept payment by Certified Check, Cash, Wire Transfer. PAYMENT IN FULL IS DUE BY JANUARY 30 @ 2:00PM.

BUYERS PREMIUM IS 10%. IF CREDIT CARD IS USED ADDITIONAL 3.2% IS ADDED!

Credit Card Payments & Chargeback Policy: All credit card payments are subject to verification. Buyers paying by credit card may be required to provide a copy of a valid government-issued photo ID and a copy of the credit card used for payment. The name on the bidder account must match the name on the credit card and photo ID. If verification cannot be provided, Rogers Realty & Auction Co. reserves the right to decline payment or cancel the transaction.

By submitting payment, the buyer authorizes the charge and acknowledges responsibility for all charges incurred. Credit card disputes or chargebacks are not permitted once payment has been authorized and property has been released, picked up, or transferred. Any attempt to dispute or reverse a valid charge after authorization, pickup, or transfer of possession will be considered a breach of these terms and may result in legal action to recover funds.

Failure to provide requested verification may result in payment being declined, the transaction voided, loss of bidding privileges, and/or permanent suspension from future auctions.

For wiring instructions call 336-789-2926, ask for Anita, Susan or Malea. All successful online buyers must be available at the conclusion of the sale to make payment arrangements.

PREVIEW:  A preview of the items being sold will be held on Friday, January 23 from 8:30AM-3:00PM at 1656 Park Drive, Mount Airy, NC. We strongly encourage online bidders to preview the assets being sold. All sales are final. No refunds will be given under any circumstances. No exceptions! Photos for online viewing and descriptions of rolling stock are not guaranteed to be correct. Buyer is responsible for determining the condition of all assets. Descriptions may change up to sale day!

REMOVAL DATES & TERMS: THURSDAY, JANUARY 29 & FRIDAY, JANUARY 30, 8:30AM-3:00PM. These are the only pickup times available. NO EXCEPTIONS. Equipment must be paid for in full prior to removal. Drivers are required to have paid receipt for load out. IF YOU CAN NOT REMOVE ITEMS WITHIN ALLOTTED TIME DO NOT BID! Rogers Realty & Auction Company and the City of Winston will not provide loading or transportation. Buyer is responsible for all costs for loading and transportation. Buyers are responsible for all removal, loading, moving and hauling of all purchases. The auction company and/or the seller do not have any way of loading vehicles/equipment. Vehicles are located at: 1656 Park Drive, Mount Airy, NC.

RECORDS: The records of online system are final.

TYPE OF AUCTION: All items will be sold absolute.

CATALOG: The City of Winston Salem, NC, reserves the right to add or remove any vehicle or piece of equipment, whether listed or printed in the brochure. Although statements printed in the program and those made by the auctioneer have come from what is thought to be reliable sources, purchaser must understand he/she is buying property entirely upon his/her own examination and opinion. The auction company and city are not responsible for accuracy of descriptions including, but not limited to, make, model, horsepower, MPG, serial numbers, engine type, condition or mileage. Descriptions may be changed up to auction day. No property may be removed from premises before making settlement in full. All sales will be conducted according to applicable state laws.

TITLES: TITLES WILL BE MAILED WITHIN 14 DAYS OF PAYMENT. Titles will not be given to the buyer on site.

Rogers Realty and Auction Co., Inc. reserves the right to refuse to register or to accept a bid from any person, corporation, partnership, joint venture, or other legal entity, which for any reason does not meet the sale terms. Subject to satisfactory payment by purchaser, at the fall of the auctioneer's hammer, ownership of item, articles or vehicle passes to the bidder designated by auctioneer saying 'sold' or otherwise declaring completion of sale. Thereupon the new owner assumes full responsibility for property purchased and agrees to the terms of the sale and further agrees to immediately sign a confirmation on the purchase price. ANY ANNOUNCEMENTS MADE DAY OF SALE SUPERSEDES PRINTED MATERIAL/WEBSITE INFORMATION. UNIFORM COMMERCIAL CODE: Section 2-328 of the UCC provides federal law regarding a sale by auction. A bid is a legal binding contract between bidder and auctioneer. Failure to complete a payment in good faith, stopping payment on checks or refusing to pay for goods or assets purchased at auction may result in legal action against the buyer.

TECHNICAL PROBLEMS: Rogers Realty & Auction Co., Inc. is providing Internet bidding as a service to bidder. Bidder acknowledges and understands that this service may or may not function correctly. Under no circumstances shall Bidder have any kind of claim against Rogers Realty & Auction Co., Inc., or the City of Winston or anyone else working with online connections if the Internet service fails to work correctly. Rogers Realty & Auction Co., Inc. and the City of Winston will not be responsible for any missed bids from any source. Rogers Realty & Auction Co., Inc. and the City of Winston reserves the right add or delete lots. The auction company will not be liable for any faulty equipment, failure of equipment, faulty software, failure of software, lack of internet service connections or signals, or failure for any online bids that are not relayed on time to the auction company. The auction company reserves the right to extend bidding, delay bidding, or cancel bidding, without any notice to online bidders.

DEFAULT OR DELAY: If the buyer does not pay in full for any reason they will be banned from attending auctions! The auction company reserves the right to reclaim and resale any assets not paid for by the online buyer. Should the resale price be lower than the defaulted buyer's price, Seller and/or Auction Company reserves the right to seek the difference from the initial online buyer. All fees for collection, court fees, or attorney fees will be the responsibility of the original buyer that caused the default. All sales are final. No refunds are given. DISCLAIMER: The auction company provides data, advertising, maps, that is believed to be correct but it is not guaranteed. Bidder's should rely on their own inspections and due diligence prior to bidding. Everything sells strictly AS IS. The auction company makes every effort to describe assets to the best of its ability but there are no guarantees as to the condition, quantity, condition, age, color, or value of the merchandise or real property sold online. Buyer agrees that buyer may not cancel their purchase for any reason. - See more at: http://rogersauctiongroup.com

AUCTION END TIMES: The online bidding is a timed event. 1 lot will close every 2 minutes beginning at 12:00 PM on WEDNESDAY, JANUARY 28. Auction Company reserves the right to extend the auction in 1 minute segments for any and all bids received in the last 1 minute of the auction.

BUYER ACKNOWLEDGMENT: Buyer acknowledges that he/she has read and understands terms and conditions and will abide by all terms and conditions of sale. All items are sold AS IS, WHERE IS with no guarantees or warranties. Rogers Realty & Auction Co., Inc. and the City of Winston, NC, will not be responsible for any guarantees or warranties or for the genuineness of the description of the items purchased.
See more at: www.RogersAuctionGroup.com - NCAL#685.

NC Firm #685, VA Firm # 2, SC Firm #1874