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Sale-Day Arbitrable Items
The following guarantees by the Seller apply for the day of sale only, unless announced differently at the time of sale:
Seven-Day Arbitrable Items – Mandatory Announcements
Vehicles that have any of the following defects, conditions or discrepancies that were not disclosed or announced at the time of sale, regardless of the “light” they were sold under or guarantee offered, must be reported to the Auction within 7 days after the vehicle was sold at the Auction, in order to be eligible for arbitration. Vehicles must be returned to the Auction in the same or better condition than when purchased. Expense reimbursements will be at the sole discretion of the Auction and will, at times, be limited to reasonable and documented expenses and transportation only. Lost profit, commissions, floor-plan expenses, etc. will not be reimbursed. Sale Day is Day 1.
1. Frame/unibody damage or alteration (previous or existing) – Defined by the Auction with reference to the NAAA standards
a) Minor components welded or removed from frame (trailer hitches, bumpers, etc.) are not considered frame damage unless they have compromised the structural integrity of the vehicle
b) Lowered/raised vehicles must be announced and are subject to frame damage guarantees if frame is altered
c) Minor dents in frame/structure and minor tie down hole tears that do not affect the structural integrity of the frame are not considered frame damage
2. Flood and fire damage – Defined by the Auction with reference to the NAAA standards
3. Alternative fuel engines, engine conversions and replacements
a) Fuel/engine conversions, and alternative fuel vehicles (i.e., propane, natural gas, etc.) all year models
b) Engine replacements – five year old vehicles and newer
“As-Is” Vehicles – sold under Red Light
Vehicles that meet any one of the following conditions are sold “AS-IS’ and are NOT subject to arbitration for ANY reason, except frame/unibody, title, odometer discrepancies, and mandatory announcements (Section VI. Above) unless specifically guaranteed by the Seller.