Auction Details

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Info

Brad Mays
Mayco Auctions, LLC
(731) 424-0328
Jackson TN 38305

Documents

Catalog

Terms

  • ll announcements made the day of the sale take precedence over any and all printed material and Internet advertising.
  • All purchases must be paid in full on sale day. Full settlement may be by Cash, Credit/Debit Card, Cashier’s Check or Company check.
  • Company checks require a bank letter of credit addressed to Mayco Auctions, LLC guaranteeing a specific purchase limit for the auction. If not accompanied with a bank letter of guaranteed funds, you will be required to place a minimum bid deposit of $300.
  • Payments by Credit/Debit Card or Personal Check will have an additional 3% convenience fee added to invoice for using the card/check processor.
  • In Tennessee if a bad check is written it is considered a "Theft of Service" and punishable by law. $50 service fee for bad checks plus any court costs.
  • Titles will be available for pickup within 30 days. If the 30th day falls on a weekend or holiday, then it will be the next business day. If title is not available for pickup within 30 days, on the 31st day after auction, buyer has the option of returning the vehicle in the same condition it was sold for in the auction for a full refund (minus for the temporary tag cost), so long as vehicle arrives to Mayco Auctions before title to that vehicle does.
  • State and local tax will be collected on purchased items unless buyer provides a valid Tax Exception ID card or document.
  • The following auto auction buy fees will be added on top of the winning bid price:
$100 purchase fee if the bid on the vehicle is $1000 or under * $125 purchase fee if the bid on the vehicle is over $1000 to $3000
$150 purchase fee if the bid on the vehicle is over $3000 to $4999 * $175 purchase fee if the bid on the vehicle is from $5000 to $7499
$200 purchase fee if the bid on the vehicles is from $7500 to $10000 * $250 purchase fee if the bid on the vehicles is over $10000 & Up
  • Temporary drive-out plates are available while supplies last, for $10.
  • All items are offered with reserve or subject to owner confirmation.
  • In the case of a tie bid, the Auctioneer reserves the right to reopen the bidding.
  • Auctioneer reserves the right to revoke any bid card at any time
  • Anyone bidding for an account other than his or her own must obtain a separate bid number for his or her own account.
  • The high bidder’s bid accepted by auctioneer constitutes a verbal binding agreement of purchase of the lot being bid on and bidder may not retract his bid or be entitled to any adjustment, allowance, rescission or damages or any other remedy regarding the condition of the any items purchased.
  • If bidder fails to pay for the item or vehicle, Mayco Auctions LLC will retain any deposits, along with take full legal action.
  • All sales are AS-IS, WHERE-IS, with no warranties expressed or implied. No mechanical arbitration.
  • Buyer agrees to run their own car history report from their choice of provider such as i.e., CarFax, Auto Check, TrueCar etc. on the vehicle they bid on.
  • All sales are final. Bidder has had the opportunity to inspect all sale items and bidder agrees to solely rely on his or her own inspection.
  • Buyer will not be entitled to any adjustment, allowance, or damages or any other remedy regarding the condition of any item purchased.
  • All descriptions and conditions of vehicles and/or equipment in sale catalog and advertising are believed to be correct but should be used as guilds only. Neither the owner of the vehicle/item nor the Auction Company or its auctioneers are responsible for any errors in description or condition.
  • Mayco Auctions, LLC nor its auctioneers guarantee year models, mileage, service history or condition of any items. Meter readings or mileage in catalog or online are merely a reading at the time of check in. Buyer accepts responsibility to inspect and verify mileage or hour meter readings prior to bidding.
  • It is the buyer’s responsibility to verify any manufacture warranties with the vehicle or equipment dealerships.
  • Once the auctioneer accepts the highest bid, the item is then sold. Buyer then takes delivery and assumes all risk of possible loss for the item and buyer agrees to obtain full liability insurance coverage for the item.
  • Buyer is advised not to do any improvements or damage to vehicle's value until titled in their name. No reimbursements will be given or allowed by Mayco Auctions, LLC nor the seller of vehicle. Examples: New tires, windshields, body work, interior work, motor work, or even pulling parts off.
  • Mayco Auctions, LLC will collect local and state sales tax on titled vehicles and trailers. No open titles will be handed over.
  • For Out of State buyers to be exempted from Tennessee tax on a motor vehicle, boat or vessels, buyer must sign an affidavit stating they will be removing vehicle(s) from the state within 3 days of purchase.
  • "Lot Sales" - Mayco Auctions is owed & due normal commission on any vehicle or item sold on auction premises. Deals ignited on auction premises but completed off premises is valid reason for both seller and buyer to be banned from future auctions.
  • Removal Hours: Monday – Friday 9:00 am – 5:00 pm (CST). All purchased items must be removed from auction site within 5 business days of auction sale date the items where purchased. After 5 days each item will incur a $25 per day storage fee per item. 45 days after original purchase date items remaining on Auction Yard past 45 days of the auction sale date will be considered abandoned and forfeited to Mayco Auctions LLC, and Auctioneer may sell items. Storage fees will continue until item is resold.
  • By attending the auction, buyers and spectators acknowledge that the auction site and anywhere items are to be sold or displayed is potentially a dangerous place. Heavy equipment is being operated and even potentially dangerous material present. All individuals at the sale site and display areas shall be there at their own risk and at all times take full notice of the conditions of the premises. Bidders shall warn their agents, employees, or any other persons accompanying them of these possible dangers and take full responsibility for any injury or death to any persons or persons whomsoever, or property damage caused by buyer or buyers’ representative or spectator. No person shall have any claim against the auction company, auctioneers, their agents, or employees for any injuries sustained or death to any person or persons whomsoever.