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ALSCOAutoAuction.com provides dealers
with an alternative method of buying inventory. We provide you
the opportunity to purchase repossessed and off-lease vehicles
and equipment in their "as is" condition. This allows you to
decide the amount of reconditioning, if any, that should be
done prior to resale.
When an item is listed on
ALSCOAutoAuction.com, a disclosure is provided prior to
bidding, outlining the terms and conditions that must be met
in order to participate in the bidding process. A small flat
fee is charged to the buyer for each unit
purchased.
Each item purchased must be paid for with
certified funds, cashiers check, or money order within three
business days of the notice of a winning bid. Funds may be
sent by overnight delivery to ALSCOAutoAuction.com, Attn:
Accounting, 312 E. 2nd Street, Odessa, Texas 79761.
If you are a potential buyer for
automobiles, boats, heavy equipment, atv/ motorcycles,
recreational vehicles, or other items, you are able to access,
by category and location, any of the items listed on
ALSCOAutoAuction.com by simply going to our map, clicking on
the state in which you have an interest, and then selecting
your specific area or any number of areas of interest.
If you would like to place a bid on items
listed on ALSCOAutoAuction.com, please click on registration and fill
out the Buyer’s Form. Upon completion and submission of the
Buyer’s Form, a representative of ALSCOAutoAuction.com will
contact you regarding our verification of the information that
you provided on your registration form.
Buyer’s Storage: Beginning on the eighth
(8th) day after the day an item is authorized for release to
the Buyer, storage charges to the Buyer will begin to accrue
at the rate normally charged by the business where the item is
located. Generally, these storage locations charge auction
Buyers a minimum of $5.00 per day for an auto-sized item, and
a higher rate for larger items; however, the business where
the item is located makes the final determination on the rate
of storage to charge. The Buyer must pay any storage charges
directly to the business where the item is stored in order to
remove the item.
After payment by the Buyer is received,
and ALSCOAutoAuction.com personnel have confirmed that the
Buyer has accepted the item, or that the inspection period has
lapsed without rejection, title and/or ownership documentation
will be forwarded to the Buyer. It is the Buyer’s
responsibility to obtain new ownership documentation showing
the Buyer as owner.
By virtue of bidding on items on
ALSCOAutoAuction.com, each Buyer acknowledges and agrees with
these terms and conditions. If you do not agree to these terms
and conditions, please do not use this venue.
Obligation
to Inspect: Each listing on ALSCOAutoAuction.com shows the
location of the listed item, along with photos and a general
condition report. In no way is the condition report intended
to be a complete representation of the mechanical or other
condition of the vehicle. Condition reports are not prepared
by mechanics. Before and during an active auction sale,
Bidders may inspect the item to make a determination of
whether to place a bid. Any research a bidder desires to
conduct about the history of an item should be done prior to
bidding.
When a Bidder is notified that it has won the
bid and is the Buyer of any item, the Buyer is obligated to
send proceeds in payment of the winning bid amount plus the
buyer’s fee within three business days of the date of the
notice. Once both the sale proceeds and the original titlework
is received by ALSCOAutoAuction.com, an authorization for
release of the item to the buyer will be sent to the buyer and
the storage location. The Buyer then has five business days to
inspect and accept or reject the item. Failure of the Buyer to
inspect the item within this inspection period signifies
Buyer’s acceptance of the item and the sale must be completed.
When the Buyer exercises the obligation to inspect within
the inspection period, the Buyer may reject any item that is
substantially different from the photos, condition report and
description listed on ALSCOAutoAuction.com. Any item not
addressed in the listing may not be materially misrepresented
(substantially different). Historical research (such as
CAR-FAX reports) may not be
basis for rejection since no warranty is included in
the sale. If the Buyer rejects any item, an
auction form indicating the reasons for rejection must be completed and immediately
submitted to ALSCOAutoAuction.com.
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