Repocast.com (A Miedema Company) Auction Terms and Additional Information Please Note: Items are selling from our location in Byron Center, MI (601 Gordon Industrial Ct, Byron Center, MI 49315). For questions on items at our Byron Center, MI location please call the main office at (866) 550-REPO, Dirk Monsma at (616) 250-7775, Rob Westhuis at (616) 914-8471, or Hib Kuiper at (616) 299-8387. Inspection: Wednesday from 8:00 a.m. – 5:00 p.m. & Thursday from 8:00 a.m. to 8:00 p.m. Removal: All items purchased on the regular online auctions are to be paid for and picked up within 7 days from the auction date. After this 7 day period there will begin a $2 per lot/per day storage fee and after 2 weeks from the date of the auction (NOT from the date paid or picked up) there will be no refunds on any item purchased on the auction and upon this time full payment is also still required regardless of the condition or the availability of the item. We are open for pick-up and payment on: Monday - 8:00 a.m. – 5:00 p.m. Tuesday – 8:00 a.m. – 7:00 p.m. Wednesday – 8:00 a.m. – 5:00 p.m. Thursday - 8:00 a.m. – 6:00 p.m. Friday - 8:00 a.m. – 4:30 p.m. Saturday - 8:00 a.m. – 3:00 p.m. All the regularly scheduled online auction items are located here at our office at: 601 Gordon Industrial Court, Byron Center, MI 49315 **Condition of online auction items** All high bids are considered legal binding contracts and all sales are final. All items are sold "as is where is", with NO guarantee, warranty, or possible refund written, expressed, or implied. The working/running condition of an item may not be known and may not always be listed in the items description. Sometimes we do know and list the condition of the items, but many times do not. There is a 7 day right to inspect boats only. Boats and personal watercrafts are sold in running condition (drive train and engine only) unless otherwise stated in the online description. On boat/watercraft sales only you will have 7 DAYS FROM THE DATE OF THE AUCTION to have it inspected by a CERTIFIED MARINE MECHANIC to bring any drive train or motor issue to the attention of a Repocast Manager. A Repocast Manager reserves the right to have the unit inspected by the own choice of mechanic to help determine the validity of the inspection provided by the buyer. No refunds will be given after the 7 day time frame from the date of the auction! (Please note auction date NOT removal or date of payment) The 7 day inspection covers ONLY the following: cracked blocks, compression on cylinders, and locked up lower units. This 7 day inspection does NOT cover the following: transoms, seals, bearings, tune ups or cosmetic defects to the boat or trailer, etc. Please note that for all conditions not covered in the 7 day inspection you will need to rely on your own personal inspections prior to bidding. Please note that all sales are final regardless of the purchase items condition, unless the description of a Repocast Manager deems differently. Please note that if an item(s) is not paid for and picked up within 7 days from the date of the auction, unless specified otherwise in the items description or in writing from the auctioneer, the item(s) and bidder will be in default, and the item(s) may be resold by the auctioneer. Any deficiency will become the expense of the high bidder who defaulted. This amount will be immediately due and payable upon the resale of that item. The auctioneer will notify the defaulted bidder of this amount, and take any legal collection actions, including charging the credit card on file, and/or the use of an attorney or collection agency for this deficiency. Online Recovery Special Consignment Sales: (all consignments must be dropped off at Miedema no later than 9 days prior to the auction day)
BUYERS PREMIUM is as follows on all regularly scheduled online purchases:
18% BUYERS PREMIUM for each item that sells for $400.00 or less. If buyer pays with cash, wire transfer, or cashier's check, then we waive 3% of the buyer's premium, which makes it 15%.
13% BUYERS PREMIUM for each item that sells for $400.01 to $1,000.00. If buyer pays with cash, wire transfer, or cashier's check, then we waive 3% of the buyer's premium, which makes it 10%.
6% BUYERS PREMIUM for each item that sells for $1,000.01 or more. If buyer pays with cash, wire transfer, or cashier's check, then we waive 3% of the buyer's premium, which makes it 3%.
Posted closing times and displays of Auction Co.'s current time are approximate. Auction Co. reserves the right to close early or extend auctions at any time at its discretion. It is strongly recommended that bids be placed early to avoid losing out due to an ill-timed, last minute bid. All times are Grand Rapids MI, Time. Dynamic bidding - The dynamic bid on this website is a feature that does NOT allow an item to sell at the end of the auction until there is 10 minutes of bidding inactivity. Example - An item is bid on at 7:50pm. An auction is scheduled to close at 8:00pm. When this bid is placed the ending time will automatically extend to 8:10pm. When another bid is placed at 8:01 the auction will extend until 8:20pm. This will give bidder 19 minutes to place another bid. If no bids are placed this auction will conclude at 8:20pm. The key to your dynamic bidding feature is that the auction extends from the preset closing time in 10 minute intervals, NOT 10 minutes from when you placed your bid. Sales Subject to Approvals: This means that an items sale is contingent upon receiving the approval of the Bank, Court, Trustee or Lien Holders affiliated with that particular piece. Please call 616-261-4988 for the Approvals on all items that sell subject and we will be happy to assist you. Note to the buyers of titled items: For Michigan residents, we are required by the State of Michigan to broker all vehicles sold. A $95.00 broker fee will be charged for all vehicles which we need to broker. In addition a $15.00 fee for title transfer will be charged. In addition, we can apply for your plates and registration if you so choose. If you wish to have us do so, you MUST provide us with proof of insurance for the purchased vehicle before you can remove it from the auction site. If not, you must be prepared to tow or trailer your vehicle. The appropriate fees will be added to your invoice. Non-Michigan Residents will pay the $95.00 Broker Fee and necessary fees according to their state rules for titled vehicles. Please note that buyers will need to sign the appropriate paperwork required by the state for title transfers. Title processing may take up to 15 business days. Then will take 4-10 business days to receive your title from the Secretary of State. For Out of Country buyers, the State of Michigan requires we collect 6% sales tax and transfer the title as an “In-Transit” through the Michigan Secretary of State before the title is issued to the buyer. We need all out of country buyers to contact our title dept. to start the paperwork before the item can go across the border. We will need to obtain the appropriate documents and signatures to transfer the title, this could take 3 to 5 weeks. We recommend all vehicle purchases made with the intent of taking the vehicle out of the country contact the title dept. as soon as a winning bid is accepted. For questions on a titled item located in Byron Center please contact our title dept. at (800) 527-8243 or (616) 261-4988 ext. 1144, and for questions regarding titled items in Flint please contact (248) 627-5200 ext. 1177.