2015 CATERPILLAR 302.7DCR MINI EXCAVATOR

BUYER Terms - SAC Auctions LLC., hereby also known as (SAC), as owner or as agent for consignor’s are subject to the following terms and conditions. ALL BIDDERS ARE BOUND BY THE GIVEN TERMS & CONDITIONS: Bidding - Placing a bid is a binding contract and the bid cannot be retracted. Once a Bidder places a bid, and the bid is the high/winning bid, the bidder will be obligated to buy the lot at the said price indicated. Withdrawal and Cancellation - SAC Auctions LLC reserves the right to withdraw or cancel any sale, at its sole discretion, without or without notice. SAC shall have no liability to bidders for any withdrawal or cancellation of sale. Terms of Sale - Buyers are responsible for all freight and transportation costs, transportation permits, as well as any costs to dismantle, load or unload items. As-Is - All items are sold “As-Is” and without recourse and neither SAC Auctions LLC nor it’s consignors makes any warranties or representations, express or implied, with respect to such items. Prospective buyers are strongly advised to review item photos, hours & serial numbers and descriptions when applicable, and any other documents pertaining to the item in which they are interested and to make their own physical inspection and overall determination of condition of any item prior to bidding. SAC AUCTIONS MAKES NO GUARANTEES AS TO THE ACTUAL MILES/HOURS/KILOMETERS; THE DESCRIPTION ONLY STATES WHAT CAN VISIBLY BE SEEN DURING THE INSPECTION. SAC AUCTIONS ONLY VERIFYS THE HOURS/MILES ON THE METER WHEN IT IS DELIVERED AND DOES NOT RUN MACHINE REPORTS. BUYERS ARE RESPONSIBLE FOR VERIFYING ALL HOURS & MILES. BUYERS ARE ADVISED TO HIRE A MECHANIC TO INSPECT MACHINES OVERALL CONDITION PRIOR TO BIDDING. BUYERS ARE RECOMMENDED TO RUN A CARFAX PRIOR TO BIDDING TO GET DETAILS ON TITLED ITEMS. SAC DOES NOT RUN A CARFAX SO IT IS THE BUYER’S RESPONSIBILITY. ALL ITEMS ARE “AS-IS” WITH NO WARRANTY EXPRESS OR IMPLIED, AND EXPRESSLY EXCLUDING WARRANTIES OF MERCHANTABILITY OR FITNESS OF A PARTICULAR PURPOSE. TITLED ITEMS – SAC Auctions will submit titles within 30 business days of the auction. A title delay could result in a title taking up to 60 days before being sent to the winning bidder. If a lien must be paid to obtain a title SAC will submit the title once it is received. The time of delivery will depend on the receipt of the title from the Lien holder or DMV. BILL OF SALE – Items sold with Bill of Sale does not have a title. Only a Bill of Sale will be supplied. An additional $50.00 fee will be added to all titled items sold. SAC DOES NOT REPLACE LOST TITLES ONCE THEY HAVE DELIVERED TO THE BUYER! Payment - Payment for items purchased is due within 2 business days of auction close. Buyer's Premium FINAL SELLING PRICE $1 to $2,500 10% of Final Selling Price $2,501.00+ 7% of Final Selling Price PLEASE NOTE: Some lots have a specific Buyers Premium attached. Those rates will supersede the standard Buyer's Premium. All items purchased ONLINE will have an additional fee of 3.5%. Additional 3% will be added for all credit card payments. Default of Payment - Failure to pay within 2 business days of auction close may result in the default of sale and incur a penalty of 25% of the final sales price and your bidding privileges revoked. SAC reserves the right to take legal action against any buyer that fails to pay. Removal of Items - Buyer agrees to remove items from the seller's premises no later than 7 business days after sale date. Failure to remove items shall result in $20.00 per day per item storage fee at buyers’ expense on the 8th day. Liability of Items - Risk of loss or damage shall fall on the seller until the buyer has paid in full. Once the item is Paid in Full the Buyer will be responsible for the given item left at the auction facility. Buyer bears all risk of loss once any item is sold. Seller is not liable for damages caused at time of loadout by buyer, or buyer’s transportation provider. SAC will assist in loadout to its capabilities when applicable but will not he held liable for any damage that may result due to loadout. SAC will not drive items on trailers for the transportation companies hired by the buyers. Item Abandonment - If Buyer fails to remove an item from a seller's yard within forty-five (45) calendar days buyer will be deemed to have abandoned said item. SAC, on behalf of the seller, may take action including, but not limited to, any appropriate steps under the law to dispose of the item/s. SAC Auctions LLC item abandonment policy – If an item purchased is left on the auction facility for 45 days it will be deemed abandoned. It is the buyers responsibility to contact SAC to arrange pickup or storage if it will exceed the 45 days. Limited Power of Attorney - Buyer hereby appoints SAC Auctions LLC and its authorized representatives as your attorney-in-fact for the sole purpose of executing and providing a bill of sale, when required to transfer ownership to buyer. Liens and Encumbrances - If SAC is unable to clear a lien or obtain a title to items sold, SAC shall return any funds paid by buyer with respect to such item/s once the item/s is returned to the auction facility. Please feel free to contact us at the following email, telephone number or mailing address. Email: info@sacauctions.com Telephone: 704-240-9569 Mailing Address: SAC Auctions LLC P.O. BOX 471 TERRELL, NC 28682 NCAL# 10342 ALL SALES ARE AS-IS AND FINAL! BUYERS RESPONSIBLE FOR ALL DESCRIPTIONS AND CONDITIONS