Legal
Buyer Terms & Conditions
Last updated: January 2024
These Buyer Terms & Conditions govern all purchases made through BIC Auctions Inc. Please read these terms carefully before registering as a buyer or placing bids. By participating in any auction or purchase, you acknowledge that you have read, understood, and agree to be bound by these terms.
1. Acceptance of Terms
By registering as a buyer or placing a bid at BIC Auctions, you agree to be bound by these Buyer Terms & Conditions. These terms apply to all purchases made through BIC Auctions, whether through timed online auctions, live online auctions, or private sale.
2. As-Is, Where-Is
All equipment sold through BIC Auctions is sold "as-is, where-is" with no warranties expressed or implied. BIC Auctions makes no representations or warranties regarding the condition, fitness for purpose, or accuracy of descriptions. Buyers are encouraged to inspect equipment prior to bidding.
3. Buyer's Premium
A buyer's premium may be added to the final hammer price of auction lots. The applicable buyer's premium percentage will be clearly stated in the auction catalog and terms prior to bidding.
4. Payment Terms
Payment is due within the timeframe specified in each auction's terms. Accepted payment methods vary by auction and will be stated in the auction catalog. Failure to complete payment may result in forfeiture of the purchase and suspension of bidding privileges.
5. Removal & Transport
Buyers are responsible for all costs associated with the removal, loading, transport, and delivery of purchased equipment. Equipment must be removed within the timeframe specified in the auction terms. Storage fees may apply for equipment not removed on time.
6. Title & Risk
Title to purchased equipment passes to the buyer upon receipt of full payment. Risk of loss passes to the buyer upon the earlier of payment or removal of the equipment from the premises.
7. Disputes
Any disputes arising from purchases made through BIC Auctions shall be governed by the laws of the State of Iowa. Buyers agree to submit to the exclusive jurisdiction of the courts of Henry County, Iowa for resolution of any disputes.
8. Contact
BIC Auctions Inc. 301 E Henry Street Mt. Pleasant, IA 52641 Phone: (319) 385-3399 Email: support@bicauctions.com
Questions about these terms? Contact us or call (319) 385-3399