Read Microsoft Word - 2007 midwest classic contract.doc text version

Auction begins at 4 PM Saturday, June 9, 2007 Please call Donna, Kas or Thad for more information @ 309-787-6300

Seller's Contract

Please return to: Thad Boberg Greater Quad City Auto Auction 4015 78th Avenue ­ PO Box 409 Milan, IL 61264 /

A portion of all proceeds and admission fees will go to the Make-A-Wish Foundation.

Sellers information Name_________________________________________

Address_________________________ City________________ State__________ Zip_______ Home Phone_________________________ Cell Phone________________________________ Dealer Number__________________ State_____________ Tax Exempt Number___________ Email Address_________________________________________

Vehicle Information

Year__________ Make______________ Model______________ Body Style_______________

VIN Number______________________________________ Announcements:____________________________________________________________ _________________________________________________________________________ _________________________________________________________________________

We will be offering the vehicles in one of two ways. Please check an option and sign below. ____Reserve Price (Sales Commission is 4% of sales price)

This option allows the seller to put a protected price on the vehicle. If the vehicle reaches the protect price or higher the vehicle will be sold to the highest bidder. If the vehicle is short of the protect price the seller will decide to accept the last bid or refuse it. All reserve prices can be lowered by the seller but can not be raised after we have received this contract. Reserve Price Amount $ __________________ Signature_____________________________ Date_________________ Please send your check for $75.00 to Greater Quad City Auto Auction. This covers the Auction Registration. All Sales Commissions are due upon accepted sale and will be deducted from the proceeds of the vehicle. I understand and agree to the terms outlined in this contract by the Greater Quad City Auto Auction. Signature_________________________________________ Date________________

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Terms and Conditions For Sellers and Buyers

· · · · · · · · · · · The Greater Quad City Auto Auction is acting as an agent only and does not have any ownership interest or liabilities in regards to the events held on June 9, 2007 deemed The MIDWEST CLASSIC. All Vehicles will be sold "AS IS", "WHERE IS". As the Seller, you represent and warrant to GQCAA and the buyer that you are the lawful owner of such item and ensure that such item is free and clear of all liens and encumbrances. You also represent and warrant to GQCAA and the buyer that you have good right to sell the same and that good and marketable title to such unit will, at such time the unit is listed, be conveyed to such buyer free and clear of all liens including without limitation any tax liens, encumbrances and adverse claims. Reserve Sales Commission will be 4% of sales price. The Seller is responsible for producing a negotiable title and for the representation of the vehicle offered at auction. The seller reserves the right to refuse or accept the last bid if the vehicle is under the protect price. The buyer and seller must pay all fees if any subsequent sale results. All guarantees and announcements are between the Buyer and Seller. The seller will be paid when confirmation of payment from the buyer is received. In the event of Buyer's default, the Seller will pursue the Buyer for any recourse arising from said default. The Greater Quad City Auto Auction is released from all legal liabilities. The Seller understands the Seller's fee will be deducted from the proceeds of sold car.

There will be a Buyer's premium of 3% (not less than $75.00) on all purchased vehicles. · The Buyer is responsible for any and all sales tax, license & title fees. · All catalogues, run lists, faxes and emails are guides only. You, the Buyer, need to make sure the vehicle is what is stated. · All vehicles must be paid for on Saturday, June 9. The Buyer can pay one of three ways (cash, money order, or check with guaranteed letter of credit). Checks will be made out to Greater Quad City Auto Auction. · All vehicles must be removed by Saturday, June 9. If this is not possible, see a representative of the auction to make special arrangements. · A gate pass will be needed in order to get the vehicle out of the fenced in area. · Buyer's premium will be added to the price of the vehicle. This is the amount due to auction. As always, we request the events be alcohol-free. Portion of all proceeds & admission fees are going to the MakeA-Wish Foundation. We would like to Thank You, in advance, for choosing to be a part of the biggest event to hit the Quad Cities this year. The Staff at THE MIDWEST CLASSIC. I agree and understand the terms and conditions set forth by the Greater Quad City Auto Auction and the Midwest Classic concerning this, the Sellers and Buyers contract. _____________________________________ Signature Date_________________


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