Online Only Repo & Consignment Car Auction
Online Bank Repo & Consignment Car Auction
Bidding Begins Closing Friday, May 15th at 12 Noon
Location: L.W. Benton Company Facility - 107 Oak Valley Drive, Macon, GA
Inspections: Thursday, May 14th from 10AM - 3PM
Pickups: Friday, May 15th 2PM - 5PM & Monday May 18th 10AM - 3PM
10% Buyers Fee for Cash or Approved checks on All Purchases
15% Buyers Fee for Credit/Debit Card Charges
TAVT Tax, $100 processing fee and $18 title fee added to all non-dealer sales
Everything Sold As-Is, Where-Is - No Returns - No Refunds
All Items sold Subject to Owner Confirmation
NOTE: TITLE AD VALOREM TAX (TAVT) CHANGES (Effective January 1, 2020)
TAVT rate is calculated at 6.6% of the total sales price for vehicles sold by dealers OR 6.6% of the value determined by the States "DRIVE" system for vehicles sold by non-dealers.
Please Note: Any and all information regarding the condition of property is derived from sources believed to be true and accurate but is not guaranteed by the Seller or L.W. Benton Company. It is the sole responsibility of the Bidder to verify any and all information. Do Not Assume that if nothing is in the description for an item, that there is nothing wrong with the items. It may simply mean that we have no information to share for that item. We highly encourage all bidders to inspect items for themselves.
Definition of ‘Cranks and Runs’: This description means a vehicle or piece of equipment should crank and run either on its own power or with the assistance of a new battery, jump box or jumper cables. It is not inferred to mean anything further. L.W. Benton Company urges Bidders to thoroughly inspect all fluids, tires, etc. before attempting to operate any vehicle or equipment.
Odometers and Hour Meters: Any odometer or hour meter information listed is simply the current reading of the meter. L.W. Benton Company has made no effort to verify these meters and lists them solely for informational purposes.
Condition of Property: All Vehicles sold as-is with no warrantee or guarantees. Please note that we have not made any attempts to test any items. Items may be missing parts including but not limited to keys. All bidders, including buyer, should rely solely on personal inspection and not information listed in these items, on the website, or otherwise provided by L.W. Benton Company, Inc. or seller. Any bidder's failure to inspect, or otherwise be fully informed as to the nature, quality, condition, quantity, and size of any items will not constitute grounds for any claim, adjustment, refund, termination of the Auction Contract, or refusal to close the sale. Any and all information regarding the condition of property is derived from sources believed to be true and accurate but is not guaranteed by the Seller or L.W. Benton Company. It is the sole responsibility of the Bidder to verify any and all information. Please note that L.W. Benton Company, nor the seller will be responsible for any emissions certification. It is the sole responsibility & risk of the buyer whether or not a vehicle can or will pass emissions inspections.
‘Subject To Owner Confirmation’ or ‘With A Call’ SALES All items are sold subject to owner confirmation unless advertised absolute. After the bidding concludes, the the auction will call the seller to get confirmation of bid. In some cases this could take 48 hours following the sale. Our office will send you an invoice by email once the vehicle has been confirmed sold.
Payment: Items purchased online must be paid for in full within 48 hours of the close of the auction, unless other specific payment arrangements have been agreed to and approved by L.W. Benton Company prior to the auction. After the specified times, L.W. Benton Company, Inc. reserves the right to charge the full purchase price, as well as any fees, to the credit card on file from the Bidder’s auction registration.
Vehicle: There will be a $100 processing fee and an $18 title fee added to all vehicle and equipment purchases that require a title or document transfer with the State. By state law, the auction company is required to collect the TAVT tax at the time of purchase and remit to the state on behalf of the buyer. For vehicles that the State of Georgia’s system does not recognize and does not provide a TAVT value, the TAVT will be figured at the local sales tax rate. All non titled items will be charged the local sales tax rate.
End Times: Please note, L.W. Benton Company Inc. Online Only Auctions have an auto extend feature. Any bid placed within 5 minutes of the auction ending will automatically extend the auction for 5 minutes for that item. Example: If an auction scheduled to end at 10:00 a.m. receives a bid at 9:59 a.m., the auction will automatically extend 5 minutes to allow the previous bidder time to bid. The auto-extend feature remains active until no further bids are received within the 5 minute time frame. Online auction may also have staggered end times. For Example, the first 10 items may begin to close at 10am, the next 10 items will begin closing at 10:05am and so on until all lots have started closing.
Bid Increments:
$100 - $499 = $10 increments
$500 - $999 = $25 increments
$1000 - $4,999 =$50 increments
$5,000 - $9,999 =$100 increments
$10,000 - $49,999 = $250 increments
$50,000+ = $500 increments
Buyer's Fee:
10% Buyers Fee with Cash or Check
15% with Credit Card
TAVT tax, $100 processing fee & $18 title fee on all non-dealer vehicles sales
Seller's Fee:
Non-Dealer Seller Drop Fee = $25.00
&
Sale Fee (based on final bid price of vehicle)
$0.00 - $299.00 = $55.00
$299.00 – $3999.00 = $100.00
$3999.00 – 4999.00 = $120.00
$4999.00 - $5999.00 = $135.00
$5999.00 - $6999.00 = $150.00
$6999.00 - $7999.00 = $170.00
$7999.00 - $8999.00 = $185.00
$8999.00 - $9999.00 = $200.00
Over $10,000.00 = 2.5% of the Sales Price
L.W. Benton Company, Inc.
107 Oak Valley Drive
Macon, GA 31217
478-744-0027
office@bidderone.com
www.bidderone.com