Automatic Bidding (auto bid) option makes bidding convenient allowing you to enter the maximum bid amount* that you are willing to bid on an item. Based on your Account Preferences for notification, you may be notified whenever your auto bid increases &/or when it is exceeded.

The auction company or other bidders do not have access to see your auto bid amount. You are the only person that can see your auto bid amount (displayed in your Watch List).

Your auto bid will not “jump” to the maximum amount. The auto bid will increment up only with competing bids until either the item completes with you as the high bidder, or until your auto bid has been exceeded by another bid.

If another bidder already has an auto bid in place when you place your auto bid, the (2) competing auto bids will continue to increment until either the lower auto bid is maxed out; or if both auto bid amounts are the same the auto bid that was placed first will become winning position of the bid.

Example #1:

1. Minimum bid is at $10.00 with a $5.00 bid increment.

2. Bidder #1 places an auto bid for $77.00.

3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00.

4. Bidder #2 places an auto bid for $23.00.

5. Bids would compete with each other as follows:

 Bidder #1 - $10

 Bidder #2 - $15

 Bidder #1 - $20

 Bidder #2 - $23 (maximum auto bid placed)

 Bidder #1 - $25 (high bid position)

The high bid is $25 not $28 because Bidder #2’s auto bid was exceeded at an increment other than $5.

Example #2:

1. Minimum bid is $10.00 with a $5.00 bid increment.

2. Bidder #1 places an auto bid of $77.00.

3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00

4. Bidder #2 places an auto bid for $25.00

5. Bids would compete with each other as follows:

 Bidder #1 - $10

 Bidder #2 - $15

 Bidder #1 - $20

 Bidder #2 - $25 (maximum auto bid placed)

 Bidder #1 - $30 (high bid position)

The high bid is $30 because Bidder #2’s auto bid was exceeded at an increment equal to $5.

Example #3:

1. Minimum bid is $10.00 with a $5.00 bid increment.

2. Bidder #1 places an auto bid of $25.00.

3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00

4. Bidder #2 places an auto bid for $25.00 (same amount as Bidder #1 auto bid)

5. Bids would compete with each other as follows:

 Bidder #1 - $10

 Bidder #2 - $15

 Bidder #1 - $20

 Bidder #2 - $25

 Bidder #1 - $25 (high bid position)

The high bid is $25 with Bidder #1 in high bid position because Bidder #1 placed the $25.00 auto bid before Bidder #2.

*Buyer’s premium and sales tax will be in addition to the winning bid amount.

18% BUYERS PREMIUM for each item that sells on this auction. If buyer pays with cash, wire transfer, or cashier's check, then we waive 3% of the buyer's premium, which makes it 15%.

Operating Condition of options listed: Auction Company lists the options that the item may have, however options have not been tested or verified to be in working condition.

Operating condition of vehicles (including autos, trucks, semis, recreational, etc.) and/or options of same: Auction Company does not conduct a road test, nor are the vehicles inspected for mechanical defects. Auction Company testing is limited.

CUSTOMER INSPECTION: Please rely on your own inspection prior to bidding. Any item that is mechanically operated or has an ignition may be started (includes: vehicles, lawn mowers, equipment, etc.) and may be put into gear(s), however for liability reasons the item may not be driven on or off the Auction Company’s lot. The item must not leave the parking space in which it is on the Auction Company’s lot.

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. Please note that all sales are final regardless of the purchase items condition, unless the discretion of a Repocast Manager deems differently.

All items sell AS IS - WHERE IS WITH ALL FAULTS and with no warranty of any type expressed or implied as to the merchantability or fitness for any particular purpose of any goods offered in this sale. All sales are made on an AS IS - WHERE IS WITH ALL FAULTS basis. All buyers are urged to physically inspect the item prior to bidding during the inspection period. No bids can be withdrawn once submitted before, during or after the auction for any reason. BUYER agrees that these terms as well as all other terms set forth below, can be amended or revised only in writing, signed by the auctioneer. BUYER also agrees that any oral representation made by the auction company or its agents shall not modify these "AS IS - WHERE IS WITH ALL FAULTS" terms. BUYER understands that any description given, written on the equipment, or advertised by any other means is not guaranteed, and BUYER will rely entirely on their own inspection. All information and descriptions contained in advertising this sale are believed correct, but no responsibility is assumed by Auction Co., or Seller for any errors or omissions.

Please Note: Items are selling from our locations at 3150 Page Ave, Jackson MI 49203

Items are not tested unless stated that they have been tested

A bid may be placed for any amount equal to or greater than the current required bid amount, which means your bid amount is not required to be an increment of the posted bid increment.

Example:

Current bid at $10.00 with a bid increment of $5.00.

Minimum bid required would be $15.00.

A bid may be placed for any amount equal to or greater than $15.00.

The bid amount is not required to be in increments of $5.00; therefore a bid could be placed for $17.00 or $76.00 or whatever amount you wish to bid as long as it is equal to or greater than the minimum bid required.

The winning bid may end up at any amount. It may not be divisible by the stated increment. The winning bid will be the highest 

You can place bids on an item before the auction starts, this is especially helpful if you will not be available on the day of the auction.

When an item status shows as “Pre-Bidding” this simply means that bids placed are not displayed on the auction site until the date the auction is scheduled to open.

Although there may actually be pre-bids placed on the item, an item in pre-bidding status will show # of bids placed as 0 and the current bid (required bid) will show as the opening bid.

You may place a pre-bid through the same process as normal bidding. You can monitor & view your bidding activity on items in pre-bid status from your Watch List.

When you place a pre-bid, if you are notified that your bid is not higher than another user’s pre-bid this means that another bidder(s) has already placed a pre-bid equal to or higher the amount of the pre-bid you are attempting to place. You will need to raise your pre-bid if you want to be in the winning position.

All pre-bids will be tallied and shown when the auction actually begins.

Cash

Cashier’s Check (make payable to THE GUN VAULT)

Wire Transfer

PLEASE NOTE: Personal or Business Checks DO NOT qualify for the 3% discount. Payment needs to be paid in full with Cash, Check, Wire Transfer to get the 3% Discount

NO REFUNDS, RETURNS, OR EXCHANGES. All items sold "AS IS WHERE IS" with all faults.

No Pick Ups on Mondays

Tuesday-Friday 10-6

All bidders will be subject to 6% State of Michigan Sales Tax.

If you are claiming tax exemption, please review options within your online account to complete an electronic Michigan Sales Tax Exemption claim.

Sales tax is calculated on total sales price which includes Buyer's Premium (therefore Buyer's Premium is also taxable).  

Liquidated Damages Fee:

BIDDER explicitly authorizes the charging of his or her credit card for the liquidated damages fee which are applied when bidder/buyer’s invoice(s) are not paid in full within 8 days of auction date.

Liquidated damages fee will equal up to 20% (or minimum of $25.00) of total purchase price during the auction or immediately following the auction. Note that the purchase price is the sum of the bid price, buyer’s premium, buyer's fee, and sales tax if applicable.

Liquidated damages fee is assessed based on damages to be recovered by Auction Co.; although actual damages are difficult to ascertain because of risk and costs associated with re-listing an item, storing it for an undetermined amount of time and, in certain circumstances, needing to physically relocate an item.

Storage fees:

At the discretion of the auction company, item(s) that are paid in full may be held/stored for an additional 5 days for prearranged customer pickup.

BIDDER explicitly agrees to pay accumulated Storage fees which will apply at $2 per lot per day for the additional 5 days held by auction company. Items will not be held/stored beyond a total of 13 business days from date of auction, at which point will be considered abandoned and will be relisted on auction offering for sale to public.

We do not accept partial payments. Invoices must be paid in full. All payments must be in U.S. Funds.

Cash

Wire Transfer

Credit /Debit Card (Visa, Discover, MasterCard, and American Express)

Business Check – Payable to The Gun Vault

Cashier’s Check – Payable to The Gun Vault