Terms for Sale in cincinnati, OH on 2019-02-14
LARGE CONSOLIDATED CONSTRUCTION &
UTILITY EQUIPMENT FLEET AUCTION SALE
THURSDAY, FEBRUARY 14, 2019 – 9:00 AM
SELLING WITH TWO AUCTIONEERS ALL DAY!
NOTICE: There are over 400 pieces of construction, forestry, utility & power line equipment, trucks, vehicles, trailers & tools from: Duke Energy, Asplundh Tree Expert Co., Area Utility Contractors, National Utility Equipment Company, Late Model Rental Returns & Others.
SALE SITE PHONE: (859) 282-8656
SALE SITE FAX: (859) 282-8659
LOCATION: 2841 Verona-Mudlick Rd – Suite B, Verona KY 41092. DIRECTIONS: From Cincinnati Traveling South –Directions from CVG Airport (22 Minutes): I275 to I75/I71 south (3 miles), I75/I71 for 12 miles, Take exit 84 toward Louisville, I71. Take I71 for 4 miles to Verona exit 173.Immediate left over highway overpass. Right turn past Newman Tractor.
From Louisville – Traveling North – I-71 N toward Cincinnati for 72 miles. Take exit 72, Right turn on KY-14. Make immediate right turn after Newman Tractor.
AIRPORTS: Cincinnati/Northern Kentucky International Airport is located within 25 minutes from the sale site.
HOTELS: All located in Florence, KY 20 minutes from sale site: Hampton Inn (859) 283-1600; Hilton (859) 371-4400; Hyatt Place (859) 647-1170 & Springhill Suites (859) 371-3388.
BUYER’S FEE: A 10% taxable buyer’s fee will be charged on all items sold onsite. A $25.00 administrative fee will be applicable to all titled pieces, regardless of the purchaser exemptions.
TERMS: There will be a 10% taxable buyer's fee charged on all items sold. 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 2.75% to 3.5% 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 email@example.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 a 12% 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., Tuesday, September 18, 2018 or the bid(s) will not be accepted.
INSPECTION: One day only Wednesday, February 13th, 2019 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, February 15th & 16th from 8:00 AM to 4:00 PM; Sunday, February 17th from 9:00 AM to 1:00 PM; Monday & Tuesday, February 18th & 19th from 8:00 AM to 4:00 PM. All items must be removed by Tuesday, February 19th at 4:00 PM with NO EXCEPTIONS or items will be moved to a storage yard at the new owners’ expense.
TRANSPORTATION SERVICES: 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.
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.
SALES ORDER & TIMES: We will be selling all day with two auctioneers. Auctioneer one starting at 9:00 AM will sell lots 1-263. Auctioneer two starting at 9:30 AM will sell lots 264-603. All selling order & times are just a guideline and are approximately. Buyers should arrive on-site at least 2 1/2 hours before lots of interests are sold. Auctioneer One: will sell lots 1-263 starting at 9:00 AM. SALES ORDER: Auctioneer One
Lots 001-074: will sell between the hours of 9:00 AM to 10:30 AM (Tools, Pressure Washers, ATV, Automobiles & SUV’s) Lots 075-176: will sell between the hours of 10:30 AM to 12:15 PM (Vans & Pickup Trucks) Lots 177-237: will sell between the hours of 12:15 PM to 1:15 PM (Service Trucks, Utility Trucks & Step Vans) Lots 238-263: will sell between the hours of 1:15 PM to 1:45 PM (Flatbed Trucks, Dump Trucks & Truck Tractors) Auctioneer Two: will sell lots 264-603 starting at 9:30 AM. SALES ORDER: Auctioneer Two
Lots 264-300: will sell between the hours of 9:30 AM to 10:15 AM (Crane Trucks, Digger Derricks & Utility Bucket Trucks) Lots 305-378: will sell between the hours of 10:15 AM to 11:30 AM (Forestry Buckets, Chipper Dump Trucks, Forestry Equipment & Chippers) Lots 382-436: will sell between the hours of 11:30 AM to 12:30 PM (Excavators, Crawler Tractors, Backhoes/Towable Backhoes, Directional Drill/Trenchers, Forklifts, Manlift & Air Compressors) Lots 437-603: will sell between the hours of 12:30 PM to 2:30 PM (Equipment Trailers, Line Trailers & Misc. Items) TOWING & STORAGE FEES: All items left in the auction yard after Wednesday, September 26th 2018, will be considered abandoned and will be towed by a towing contractor and stored at the new owner’s expense. Towed vehicles will not be released without payment by cash or credit card. Vehicles will be stored in a unmanned locked storage yard however JJ Kane Auctioneers and towing contractor will not be responsible for any damage or loss due to the towing of or storage of the abandoned vehicle. Towing & Storage Fees are as follows:
$250.00 for light duty
$395.00 for medium duty
$575.00 for heavy duty The above prices include towing and storage for 1 to a maximum of 14 days. After 14 days the vehicle will be considered totally abandoned and will be disposed of at towing contractors’ discretion.