Wholesale Auto Auction

IAA Buyer Agreement and Auctions Rules for Live Auctioneers Auctions By registering as a buyer ("Buyer") with Insurance Auto Auctions ("IAA") you agree to be bound by the following terms and conditions. IAA reserves the right to amend these terms and conditions at any time without prior notice to the Buyer. Registration Eligibility - Individuals wishing to register must be 18 years of age or older and meet all requirements imposed by federal, state, and local government laws and regulations. In addition, IAA site-specific registration requirements will apply. IAA reserves the right to deny or cancel membership of any individual or entity at its discretion. Registration - Any individual or entity wishing to bid at an IAA auction through Live Auctioneers must complete the buyer registration form, submit proof of identity (driver's license, state ID, passport, etc), and pay the $200.00 registration fee. To gain access to bid in facilities not open to the public, either in person or via the Website, copies of current licenses and completed sales tax exemption certificates must be submitted to IAA. Membership must be renewed annually by verifying accuracy of current member information on file and paying the appropriate registration fee. Licenses must be renewed and submitted to IAA prior to expiration to retain active buyer status. Account Responsibility - Buyers are responsible for all transactions on their account, including, without limitation, all bids placed and submitted through Live Auctioneers using the login name and password issued to the Buyer. Accounts cannot be transferred. Membership Cancellation - IAA reserves the right to suspend or revoke the buying privileges of a Buyer for any reason. Release of Liability - Buyers irrevocably and unconditionally waive and release their rights (if any) to recover from IAA, its directors, officers, employees, representatives, agents, subsidiaries, and affiliates any and all damages, losses, liabilities; cost or expenses and claims thereof, whether direct or indirect, known or unknown, or foreseen or unforeseen, which may arrive from, or be related to, bodily injury, property damage, or other occurrence on IAA's premises. Under no circumstances, including negligence, shall IAA be liable for any special, incidental, or consequential damage or lost profits that result from or are related to the sale, distribution or use of, or the inability to use, any vehicle, even if IAA has been advised of the possibility of such damages. Buyers and guests who are California residents waive California Civil Code §1542, which states: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor." Furthermore, Buyers agree to indemnify, defend, and hold IAA harmless from any and all damages, losses, liabilities, costs or expensed, arising from claims made by Buyer guests for bodily injury or property damage occurring on IAA's premises. Auction Cancellation - IAA may, at any time, in its sole and absolute discretion and with or without notice, postpone or cancel a sale. IAA will neither be liable or obligated to the Buyer as a result of any auction postponement or cancellation. Vehicle Withdrawal - IAA reserves the right to withdraw from auction any vehicle for any reason at any time at its sole and absolute discretion. Call Vehicles - Vehicles requiring the approval by the vehicle provider will not be released to Buyers until bid is accepted by the vehicle provider. Bid Rejection - IAA reserves the right to reject or void bids at any time for any reason. Should a dispute arise regarding a bid, IAA is the single deciding authority with sole and absolute discretion in resolving disputes. Buyers agree to indemnify, defend, and hold harmless IAA from any and all liability arising from decisions made resolving disputes. Payment and Pickup Fees - A buyer premium will be charged for each vehicle sold. Other fees may also apply including, but not limited to a $20 pull-out fee, loading fees (if needed) and late payment/pick-up fees. It is the sole responsibility of the Buyer to verify fees charged by any IAA facility prior to incurring such charges. All fees are subject to change without notice. Payment - Payment for any vehicle awarded is due within 2 working days (auction day plus 2 working days, i.e., if auction is on Saturday, payment is due by the close of business on Tuesday). Vehicles not paid within the specified timeframe will be subject to a Late Fee of $50 per vehicle plus $20 per day for each day past the due date. Payment for vehicles may be made by wire transfer, cashier's check, or money order. Restitution for any checks returned to IAA for any reason will need to be received within two working days. Any check returned for NSF will be subject to IAA's NSF processing fee and any and all collection costs including but not limited to collection agency fees and/or attorney's fee and court costs. Sales Tax Indemnification - Buyers purchasing vehicles from IAA upon presentation of a sales tax exemption certificate agree to indemnify, defend and hold IAA harmless from any and all sales tax assessments, fines, penalties, damages, and costs, including attorney fees, incurred as a result of a taxing authority determination that the transaction was subject to the payment of sales or excise tax. Renege Fee - In the event a buyer reneges on a vehicle, buyer agrees to pay IAA the renege fee of $1000 or 15% of sale price, whichever is greater. Buyer is also responsible for any and all collection costs, including attorney fees and court costs. Bidding privileges will be suspended until payment has been received. Any buyer that reneges on a second vehicle will have his bidding privileges revoked. Vehicle Loading - Vehicles may not be loaded until after payment has been made. Pullout and loading fees apply. Vehicle Pickup - Vehicles must be picked up within 4 working days. If not picked up within specified timeframe, storage fee will be charged per day/per vehicle. Vehicles can only be picked up during yard hours. IAA urges successful bidders to pick up their vehicles immediately after the sale to ensure their protection. Vehicles remaining at IAA's facility after the sale will be at the sole risk of the Buyer. IAA will not recognize any claim for theft or damage, in whole or in part, after the vehicle has been awarded. Yard Rules 1. No one under the age of 18 allowed access to IAA facilities. 2. The use of cameras at IAA facilities is prohibited. 3. Briefcases, backpacks, purses, and any like packages are not allowed in the sale area. 4. Repairs or work on vehicle on or around any IAA facility is strictly prohibited. 5. Any damage to IAA property by Buyer will be charged to Buyer. 6. Anyone caught stealing, removing parts, taking keys, or damaging vehicles will be arrested and prosecuted to the fullest extent of the law. Disclaimers Conditions of Sale - All vehicles sold through IAA's and LiveAuctioneers’ auctions are sold "AS IS, WHERE IS", WITH NO WARRANTY, EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE OR MECHANTABILITY. No warranty is made with respect to the accuracy of any information provided to Buyers regarding vehicles, provided in either written, or image form and Buyer should not base their bids solely on information provided for Buyers' convenience. This information includes, but is not limited to year, make, model, VIN, mileage, odometer disclosure, condition, actual cash value, estimated repair cost, damage type, whether or not car starts, and title. In accordance with appropriate State Law, VEHICLES SOLD WITH REGULAR TITLE STATUS MAY HAVE SALVAGE TITLE STATUS IN THEIR HISTORY. IAA does not guarantee that vehicles currently meet or can be modified to meet local emission and/or safety requirements. It is the sole responsibility of the Buyer to ascertain, confirm, research, inspect, and/or investigate vehicles and any and all information regarding the type, condition, and status of vehicles prior to placing bids. IAA does not guarantee that vehicles sold can be legally registered in any state or country. Buyer accepts any and all risks associated with variations in state vehicle title and registration laws and the possibility that they may negatively impact the marketability of vehicles purchased at IAA auctions (for instance, Buyer may purchase a vehicle in one state under a clear title but is required to sell same vehicle under a salvage title in state where business is located). "Y” under the STARTS column indicates that the vehicle was started (either with or without a jump) upon entering IAA’s facility. No guarantee as to the condition of the engine or any of its components is expressed or implied. If the Starts column is blank, this is not an indication that the vehicle will not start. Defective Equipment -No motor vehicle equipment (including a tire) that is the subject of a decision under section 30118(b) of Title 49 U.S.C. or a notice required under section 30188(c) of Title 49 U.S.C. is sold for installation on a motor vehicle. Privacy Notice - Information requested by IAA will be used solely for registration and account maintenance. It will not be disclosed to anyone without the prior written consent of the Buyer. IAA does not sell information regarding its buyer base. Deployed Airbags - Vehicles offered by IAA may contain deployed airbags that have not been replaced. 1Not available in all locations, please check with local branch for details IAA Auction Rules and Terms Summary Buyers must be registered with IAA in order to bid and are responsible for all bids placed by their assigned bid number. IAA reserves the right to reject any or all bids. Successful bidders have two business days to pay. Payment must be made to: Insurance Auto Auctions 2299 W. Broadway Rd. Phoenix, AZ 85041 602-305-5300 Late payment fee is $50 plus $20 per day penalty for each vehicle. A buyer’s premium of X% will be charged on all vehicles sold through LiveAuctioneers. Vehicle loading services are available on location, if needed. All vehicles are sold “As is, where is.” Sales tax will be collected at the time of payment unless a Sales Tax Exemption Certificate is produced at or before the time of payment. Buyers have four business days to pick up their vehicles without penalty.

Local Taxes Apply