Public Sale Rules

 

Public Sales Rules

PUPUBLIC SALE
EVERY WEDNESDAY

REGISTRATION from 8:00 AM until 9:00 AM

Sale Time 9:15 AM – 11:15 AM

ALL VEHICLES ARE SOLD AS-IS NO EXCEPTIONS!

The following are procedures for Public Buyers, please read carefully before purchasing a vehicle.

  • $50 CASH NON-REFUNDABLE ANNUAL PUBLIC BUYER REGISTRATION FEE. GOOD FOR ONE YEAR FROM DATE OF ISSUANCE. YOU MUST BRING THE RECEIPT WITH YOU EACH TIME YOU REGISTER, LOST OR ABSENT RECEIPT WILL RESULT IN PURCHASE OF A NEW FEE RECEIPT.
  • INSPECTION AVAILABLE ON THE WEDNESDAY PRIOR TO SALE DAY BETWEEN 12:00PM & 4:00 PM IN THE DESIGNATED AREA ONLY.
  • ONLY VEHICLES WITH AN “X”  ON THE WINDSHIELD ARE AVAILABLE TO THE PUBLIC. ACCESS TO OTHER VEHICLES IS NOT PERMITTED.
  • ONLY 1 ADDITIONAL PERSON IS ALLOWED ON THE ARENA FLOOR WITH A REGISTERED PUBLIC BUYER.
  • PUBLIC IS NOT PERMITTED TO DRIVE ANY VEHICLES.
  • $400 CASH ONLY DEPOSIT REQUIRED BEFORE BIDDING WHICH IS APPLIED TOWARDS THE PURCHASE OF A VEHICLE OR IS REFUNDABLE IF NO VEHICLE IS PURCHASED.
  • NOTE: VEHICLES MAY BE SOLD WITHOUT A TITLE. IF YOUR VEHICLE IS SOLD T/A OR (TITLE ABSENT) THE TITLE IS NOT HERE. THE SELLER HAS 10 BUSINESS DAYS TO PRODUCE THE TITLE.
  • BALANCE REQUIRED BY 4:00 PM THURSDAY (SALE DAY) REGARDLESS OF THE TITLE STATUS
  • “IF” SALE (PENDING SELLER APPROVAL) SELLER HAS 2 HOURS TO ACCEPT OR REJECT YOUR BID. WHEN YOUR “IF” BID IS ACCEPTED BE SURE TO CHECK THE BUYER FEE ON THE FINAL PURCHASE PRICE. A BUYER FEE IS CHARGED ON EVERY PURCHASE.
  • NO CHILDREN ALLOWED FOR AUCTION OR INSPECTION. NO ONE UNDER THE AGE OF 18 IS ALLOWED ON PREMISES.
  • “TOW ROW” VEHICLES ARE NOT ELEGIBLE FOR ARBITRATION OF ANY KIND. THIS INCLUDES, FRAME, FLOOD, ODOMETER DISCREPANCY, UNANNOUNCED SALVAGE, ALTERED OR REMOVED EMISSION CONTROLS AND T/A.
  • FOR A LIST OF VEHICLES CHECK OUR WEBSITE WWW.PREMIER-AUCTIONS.COM
  • BIDDER REGISTRATION WILL REQUIRE YOUR FULL NAME, VALID, PHONE NUMBER, AND VALID DRIVER’S LICENSE.
  • THE PUBLIC BUYER REGISTERING IS THE NAME THAT WILL BE TRANSFERRED ONTO THE TITLE AT THE TIME OF TRANSACTION.
  • FAILURE TO PAY THE BALANCE IN FULL WITHIN THIS TIME PERIOD WILL RESULT IN THE FORFEITURE OF THE VEHICLE AND THE DEPOSIT. IN ADDITION YOU WILL BE BARRED FROM ATTENDING ANY FUTURE AUCTIONS.
  • AFTER RECEIPT OF THE BALANCE IN FULL FOR THE VEHICLE, THE TITLE WILL BE RELEASED TO YOU. YOU MUST TAKE IT TO THE BUREAU OF MOTOR VEHICLES TO TRANSFER INTO YOUR NAME. NO VEHICLES WILL BE RELEASED FROM THE PREMISES UNTIL PROPER TITLE TRANSFER HAS BEEN COMPLETED. THIS MEANS THE TITLE MUST BE IN YOUR NAME.
  • PLEASE NOTE THAT A BUYERS FEE WILL BE ATTACHED TO EACH VEHICLE THAT IS PURCHASED. THE BUYERS FEE VARIES WITH THE PRICE OF THE VEHICLE.  PLEASE REFER TO THE FEE CHART IN THE MAIN OFFICE.
  • MONTPELIER AUTO AUCTION IS NOT RESPONSIBLE FOR ANY VEHICLE(S) THAT ARE LEFT ON MONTPELIER AUTO AUCTION PREMISES.
  • ALL PUBLIC BIDDERS MUST LEAVE THE SALE ARENA IMMEDIATELY FOLLOWING THE REPOSSESSION SALE.
  • ALL SALES ARE FINAL & YOU MUST HAVE YOUR VALID DRIVERS LICENSE PRESENT AT TIME OF REGISTRATION AND PURCHASE.
  • AS IS – NO WARRANTY: YOU WILL PAY FOR ALL COSTS FOR ANY REPAIRS. THE AUCTION ASSUMES NO RESPONSIBILITY FOR ANY REPAIRS.
  • REPO RUN LISTS ARE AVAILABLE ON-LINE, GO TO WWW.PREMIER-AUCTIONS.COM

Frequently Asked Questions

Q Why can’t I take my car after I pay for it?
A You must transfer the title into your name before the vehicle can be released to you. The various financial institutions selling these vehicles require Montpelier Auto Auction to have proof that the liability has been transferred to the new owner.

Q Can I bid on more than one car with my bid badge?
A Yes, as long as your bid has not been accepted on a vehicle, you may continue to bid on cars. Once your bid is accepted you must turn in your bid badge at the block.

Q What if I want to purchase more than once car?
A You must get a bid badge and leave a $400 cash deposit for each car you plan to purchase

Q Can I test drive the car I want to buy?
A No, due to insurance liability you may not drive or move the vehicles.

Q When can I look at the vehicles?
A You may view the vehicles on Tuesday the day before the sale from noon until 4 PM and before the sale on Wednesday after you have registered.

Q How long does the sale last?
A Depending on the amount of vehicles, the sale usually lasts approximately 2 hours.

Q Do you accept credit cards or personal checks?
A No.

Q What does “As-Is” mean?

A As-is means you purchase the vehicle as it exists in its present state. There are no warranties. Repairs are your responsibility.

Q After the repossession sale, may I stay and bid on the other cars?

A No, you must be a licensed dealer in order to participate in the dealer auction.