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Terms for Sale in Charlotte, NC on 2017-07-27

THURSDAY, JULY 27th, 2017 – 8:30 AM

CHARLOTTE, NORTH CAROLINA

CHARLOTTE MOTOR SPEEDWAY

NOTICE: J.J. Kane Auctioneers will be conducting a large consolidated construction & utility equipment auction sale for area utility companies, electric cooperatives, contractors & others.

SELLING NOTE: Due to the large quantity of items in this sale, we will be selling with (3) auctioneers/rings selling at the same time.

Auctioneer 1 will start at 8:30 AM and sell light duty vehicles

Auctioneer 2 will start at 8:45 AM and sell medium & heavy duty trucks & construction equipment & Misc Auctioneer 3 will start at 9:00 AM and sell line equipment, tree equipment & trailers



SALE SITE PHONE: (704) 455-1166

SALE SITE FAX: (704) 455-1173


LOCATION: Parking Lot "U" (Front of Speedway) at Charlotte Motor Speedway, 5555 Concord Parkway South, Concord, North Carolina, 28026.DIRECTIONS: From Charlotte or Traveling North on Interstate 85 - Take Exit 49. At the top of the exit ramp turn right onto Bruton Smith Boulevard and proceed 1 mile to sale site on right. From Greensboro or Traveling South on Interstate 85 - Take Exit 49. At the top of the exit ramp turn left onto Bruton Smith Boulevard and proceed 1 mile to sale site on right.

AIRPORTS: Charlotte/Douglas International Airport is located 22 miles & Concord Regional Airport is located 6 miles from the sale site.

ACCOMMODATIONS: Located at Exit 49 off Interstate 85: Embassy Suites (704) 455-8200; Hilton Garden Inn (704) 979-2900; Wingate Inn Concord (704) 979-1300; Days Inn (704) 786-9121; Hampton Inn (704) 793-9700 & Holiday Inn Express (704) 979-7900.

BUYER’S FEE: A 10% buyer’s fee will be charged on all items sold onsite. A $25.00 administrative fee will be charged on all titled pieces sold, regardless of the purchaser exemptions or residence.

TERMS: Complete payment is required on sale day only in cash or guaranteed funds: traveler's checks, money orders and/or bank certified checks. Credit card payment will be accepted by Visa, Master Card, American Express & Discover. Purchaser will be charged a 4% service charge for all credit card transactions. Company & personal checks will be accepted "only" when they are accompanied by a valid bank letter of credit "guaranteeing or honoring" payment of that particular check up to a specific amount of money. All letters of credit should be addressed to J.J. Kane Auctioneers. International Buyers will need to wire transfer full payment directly from your bank to J.J. Kane Auctioneers bank account. No International checks will be accepted.

PAYMENT TERMS: Full payment must be made by the close of business on the sale date, unless agreed to in writing by JJ Kane Auctioneers. Should Bidder fail to pay for any and all item(s) in full on the sale date, Bidder shall remain fully responsible for the purchase price and buyers fee. In addition to all other rights contained herein, if a default occurs and the full payment is not made on the sale date and as long as the default continues to occur, all outstanding financial obligations shall bear interest at the Interest Rate of 2% per month. The default interest rate shall apply from the date of the default through the time any judgment thereon is paid in full. If for any reason a court or arbitrator(s) deems this default interest rate excessive or impermissible, the arbitrator(s) or judge shall impose the maximum default interest rate permitted and all other terms contained herein shall remain valid and enforceable. JJ Kane Auctioneers shall be permitted to resell the item(s) and the Bidder shall be fully responsible for the difference of the purchase price along with the buyer’s fee and any additional cost regarding the resale of the item(s). Bidder understands that Bidder shall be responsible for all reasonable attorneys’ fees, court cost, default interest and other cost incurred by JJ Kane Auctioneers associated with the enforcement of this provision.

FINANCING: Altec Capital Services offers a quick and easy credit process, and flexible and affordable finance options. For more information dial (888) 408-8148 or email finance@altec.capital.com All financing must be pre-approved prior to the auction sale.

LIKE KIND EXCHANGE NOTIFICATION: Buyer is hereby notified that Asplundh has assigned to Northstar Deferred Exchange Corporation, acting in its capacity as a Qualified Intermediary, all of its rights but not its obligations, in any existing and future contracts to sell certain equipment. This notification will apply unless specifically excluded in writing.Notice Regarding Like Kind Exchange: Certain equipment consigned to this auction may be sold as part of an equipment exchange, pursuant to Section 1031 of the Internal Revenue Code, and the rights of the consignor under Contract to Auction may be assigned to a third party Intermediary.

LIVE INTERNET BIDDING: This auction sale will feature live on-line bidding powered by Proxibid. All prospective internet bidders are required to register on-line 48 hours prior to the auction sale at www.jjkane.com (Bid Online Tab). All live internet buyers will be charged an additional 2% buyer’s fee and be required to comply with all the terms and conditions of the auction sale, including the payment and removal procedures. For all specific internet bidding questions, please contact Proxibid at (877) 505-7770.

ABSENTEE BIDDING: Absentee bids must be over $10,000. There will be a 25% deposit required with all absentee bids that must be wire transferred to J.J. Kane. Call the sale site for the necessary forms and wire transfer information. Forms must be submitted with lot numbers, full descriptions, serial numbers and the exact amount of your bid(s). J.J. Kane reserves the right to round off bids to the most logical increment. All of the above requirements must be met by 4:00 PM E.S.T., Wednesday, July 26th, 2017 or the bid(s) will not be accepted.

INSPECTION: One Day Inspection Wednesday, July 26th, from 8:00 AM to 4:00 PM and sale day starting at 7:00 AM. All customers entering the sale site must have photo I.D and register in the auction office trailer.

REMOVAL: During the auction sale, as long as the removal activity does not disrupt the auction sale, for 2 hours after the conclusion of the auction sale, Friday & Saturday, July 28th & 29th from 8:00 AM to 4:00 PM, Sunday, July 30th from 9:00 AM to 1:00 PM or Monday to Thursday, July 31st to August 3rd from 8:00 AM to 4:00 PM. All items must be removed by Thursday, August 3rd at 4:00 PM with no exceptions or items will be hauled to a storage yard. New purchaser will be charged the cost of the tow and a daily storage fee.

TRANSPORTATION SERVICES: Southern Star of Charlotte (704) 598-6455; DAB Transport (816) 230-4135 & Spirit Miller Drive Away (607) 467-1978.


NOTICE: The following section shall apply to the following vehicle mounted aerial devices (Hereinafter referred to as “aerial device”): a. Extensible boom aerial devices; and b. Aerial Ladders; and c. Articulating boom aerial devices; and d. Vertical towers; and e. A combination of any of the above. The vehicle may be a truck, a trailer, or an all- terrain vehicle. The successful purchaser hereby acknowledges that J.J. Kane Auctioneers has provided them with the owner’s, operator’s, parts/service and maintenance manuals for the aerial device purchased. If the owner’s, operator’s, parts/service and maintenance manuals are not available, the successful purchaser hereby acknowledges that J.J. Kane Auctioneers has provided them with a list of manufacturers that the successful purchaser must contact to obtain the manual(s). The successful purchaser hereby acknowledges that they shall be responsible to notify the manufacturer of the unit model and serial number along with the name and address of the new owner within sixty (60) days from the date of purchase. Upon completion of the sale, JJ Kane Auctioneers will notify the prior owner of the successful purchasers name and location.

Notice to Attendees:
Persons attending are notified that an Auction Site is a potentially dangerous place. Flammable, corrosive and pressurized substances are present, heavy equipment is being operated and electric circuits may be live. Every person at the Auction Site before, during and after the auction sale shall be deemed to be there at his or her own risk with notice of the condition of the premises, the activities on the premises and the conduct of third parties and any registered bidder shall so advise his agents and employees. No persons shall have any claim against the Auctioneers, their agents, employees or principals for any injuries sustained, nor for damages to or loss of property which may occur from any cause whatsoever.

Everything will be sold "As-Is" and "Where-Is" with no warranties or guarantees expressed or implied.

NOTICE:
J.J. Kane Auctioneers or Seller(s) are not responsible for any inspections prior to or after purchase. All equipment or vehicles that require any type of inspection on the upper unit or chassis is 100% the bidder/purchaser's responsibility and expense. (ie: Cranes, Man Lifts, Buckets, Diggers, Construction Equipment, Trailers and Vehicles of any type).

NOTICE:
All Potential Bidders/Buyers: The safety and reliability of the equipment listed for sale cannot be ensured unless it receives regular inspections, tests and maintenance. The Seller or Auctioneer will not be responsible for equipment inspection reports before any equipment sale or failed equipment inspection reports after the equipment is sold. All equipment is sold As-Is, Where-Is with all faults, defects and modifications. The description of the equipment is for the purpose of identifying the equipment and DOES NOT CONSTITUTE A WARRANTY OR REPRESENTATION THAT THE EQUIPMENT SHALL CONFORM TO SUCH DESCRIPTION OR ANY CONDITION REFERRED TO THEREIN. J.J. Kane Auctioneers warrants only title to the equipment. The Seller or Auctioneer makes no representation or warranty of any kind, expressed or implied. It is the potential bidder/buyer responsibly to ensure that all equipment is given thorough inspections according to the manufacture recommendations by only those persons who are able to detect and assess defects and potential hazards that could limit the safe performance of the equipment functions. Purchaser agrees to release, waive all rights against, indemnify and hold harmless the auctioneer and sellers.


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