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Jonesboro Auto Auction Registration
DEALER APPLICATION
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AUTHORIZED REPRESENTATIVES

The following person or persons are authorized to buy and/or sell automobiles, to sign checks, to execute bills of sales, assignments of titles and warranties of titles on behalf of Dealer. The authority of the following persons to act on behalf of Dealer shall continue in full force and effect until terminated by Dealer in writing to Auction. Dealer does hereby guarantee all transactions made by such persons.

Representative Signature
Officer/Owner Signature
Representative Signature
Officer/Owner Signature
JONESBORO AUTO AUCTION, LLC

P.O. Box 523 | Jonesboro, AR 72403 | 870-935-7425 | 800-367-8399

TITLE CLERK AUTHORIZATION

I hereby authorize Jonesboro Auto Auction and/or its employees to act as our agent to sign all papers and documents that may be necessary pertaining to the sale and subsequent title transfer of the vehicles owned by consignor and consigned to Jonesboro Auto Auction for sale, including without limitation, any title, title transfer document, reassignment of odometer disclosure statements as required by federal or state law.


In consideration of Jonesboro Auto Auction's agreement to execute such documents as consignor’s behalf from time to time, consignor shall indemnify, defend and hold blameless Jonesboro Auto Auction, its affiliates, subsidiaries, officers, directors, employees, successors, and assigns from and against any and all loss, damages, liability, claims, causes of action, and expenses of whatever kind and nature, arising from the execution transfer of ownership of any consigned vehicle or from the execution by Jonesboro Auto Auction or its employees or agents of any certificate of title, odometer statement, bill of sale, or other document necessary to transfer ownership of a consigned vehicle. Notwithstanding the foregoing, nothing contained herein shall be construed to require consignor to indemnify Jonesboro Auto Auction from any loss resulting from any gross negligence or willful misconduct of Jonesboro Auto Auction or its employees or agents.


Consignor further agrees to guarantee and save the authorities of any state requested to process such transfer of title from all responsibility with respect to this title clerk authorization.


DEALER SIGNATURE
GUARANTY

In consideration of Jonesboro Auto Auction allowing Dealer to buy and/or sell motor vehicles through Jonesboro Auto Auction, the undersigned, whether one or more, personally covenant guarantee and warrant that the title to each vehicle sold by Dealer through Jonesboro Auto Auction will be good and will be free and clear of all liens and encumbrances, whatsoever. The undersigned unconditionally agrees to reimburse Jonesboro Auto Auction for any loss, damage, expense, or costs, including attorney’s fees, incurred by Jonesboro Auto Auction as a result of breach of the foregoing warranty of title as to any such motor vehicle.


The undersigned further guarantees full payment of any debts of Dealer to Jonesboro Auto Auction, including any checks issued by Dealer or any of Dealer’s representatives, together with any loss of expense incurred by Jonesboro Auto Auction in collecting or attempting to collect such debt including attorney’s fees.


The undersigned acknowledges that Jonesboro Auto Auction shall have the right to refuse to transact business with Dealer, to modify or release any and all collateral security, to extend or change titme of payment and to settle or compromise with Dealer without notice to the undersigned and without discharging or affecting the liability of the undersigned hereunder. This guaranty is to be a continuing guaranty and the undersigned hereby waives notice of acceptance of this guaranty and presentment, demand, protest, and any notice of non-payment or dishonor. The undersigned shall be liable as principal debtor and not merely as surety, and the bankruptcy or any assignment in favor of Creditors of Delaer shall not affect the enforceability of the agreement.


This instrument shall bind the respective heirs, executors, administrators, and assigns of the undersigned, and shall inure to the benefit of Jonesboro Auto Auction, its successors, assigns, and subrogees.


Where there is more than one signatory to this agreement each signatory shall be jointly and severally liable under this agreement.

Rules

  1. All buyers must register prior to bidding on a vehicle.
  2. All units purchased must be test driven within 30 minutes & paid for within 45 minutes.
  3. Outside sales must be consummated through the auction. All outside sales will be "AS IS" and will not be subject to arbitration.
  4. Seller has up to 14 days to deliver a title on a title attached unit. Buyer is cautioned not to sell or spend money on any unit until the title is received.
  5. Buyer is responsible for verifying serial number, model, year, and mileage reading on purchases before leaving the sale. No vehicle will be offered for sale with VIN plate not intact.
  6. It is the seller's obligation to correct any error made by the auction as to announced conditions. It is the responsibility of the buyer to watch lights and listen to announced conditions. All police cars, taxicabs, municipal cars, fire cars, flood cars, clips, salvage cars, reconstructed cars, motorcycles, boats, and trailers must be sold under red light. The seller must announce these.
  8. The auction does not guarantee the year of anything sold at the house including any house trailer, motor home, boat, boat motor, antique, dune buggy, or motorcycle. Satisfy yourself before settlement, as the auction will not become involved in any subsequent dispute.
  10. Any person found tampering with or removing equipment from vehicles will be subject to suspension from sale. Dealers will be held responsible for the actions of their employees and agents.
  12. For safety, an adult must accompany all children. Those who do not have a valid driver's license are considered children. All children 8 years and under are to be within arms length of parent or guardian at all times.
  13. Speed limit on the premises is 10 mph at all times. Always be cautious and observe other drivers.
  14. All vehicles must have a gate pass to exit the premises. These passes may be obtained in the office. It is the dealer's responsibility to provide his drivers with the gate passes when they pick up units.
  15. Salvage, Previous Salvage, & Insurance title must be revealed to the auction so they can be announced.
  16. AFTER PAYMENT IS MADE ALL SALES AND ARBITRATION IS FINAL.

"AS IS" Policy

  1. Outside sales are "AS IS"!
  2. Vehicles Bid Price under $2,500.00 are sold "AS IS" and are not subject to arbitration.
  3. All diesels are sold "AS IS". Diesel engines are not announced, so be aware of what you purchase.

Light Announcements

Watch the lights between auctioneer and clerk, and learn their meaning. Listen to all announcements made by the auctioneer pertaining to each vehicle.

  • Green Light: Ride & drive if $2,500.00 or more.
  • Red Light: "AS IS" NO EXCEPTIONS
  • Yellow Light: Caution
  • Blue Light: Title Announcement
  • NO Light: Regular policy applies.

Arbitration (Turning Down A Unit After Bidding On It)

NO arbitration or rejection on the following:

  1. Obvious visible defects
  2. Windshield or windows
  3. Factory options or accessories, emission lights.
  4. Heater, air conditioning, cruise control, and computers
  5. Play in driveline (all units) unless accompanied by additional related defects.
  6. Oil leaks, transmission leaks, and blow-by (exception: transmission, front seal, and rear mains)
  7. Catalytic converters or damaged filler necks
  8. Power steering (unless declared unsafe)
  9. CV joints boots.
  10. Front struts and shocks
  11. Any single item that cost less than $200.00 to repair.

Subject to Arbitration (unless otherwise announced) on vehicles over $2,500.00

  1. Frame damage or frame repairs that were not announced. Coverage responsibility of such shall rest with the seller.
  2. Seller guarantees vehicles against cracked blocks and frame damage for a period of 72 hours after purchase.
  3. Motor, transmission, clutch and rear-end.
  4. Pulling parts on front wheel drive and 4-wheel drive units.
  5. Nonstandard engine or transmission or major exceptions for items deleted or added (example: Diesel changeover must be announced).
  6. Broken, replaced, or altered odometers that were not announced
  7. After any accepted adjustment, the unit automatically becomes an "AS IS" deal with NO FURTHER ARBITRATION.
  8. The decision of auction management shall be final in all disputes.

I HAVE READ THESE RULES AND AGREE TO ABIDE BY THEM.

SIGNATURE

THE DECISION OF THE AUCTION IS FINAL.

COMMISSION RATES:


REVISED FEB. 07, 2020

Sale Price Fee
0 - 249 60
250 - 499 80
500 - 999 105
1000 - 1999 130
2000 - 2999 140
3000 - 3999 150
4000 - 4999 160
5000 - 5999 170
6000 - 6999 180
7000 - 7999 190
8000 - 8999 200
9000 - 9999 210
10,000 - 14,999 230
15,000 - 19,999 270
20,000 - 24,999 310
25,000 - & Up 350

BUYER’S FEES


REVISED FEB. 07, 2020

Sale Price Fee
0 - 249 80
250 - 499 105
500 - 999 140
1000 - 1999 170
2000 - 3999 195
4000 - 9999 215
10,000 - & Up 245
TITLE ATTACHED FEE: 20

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