Terms and Conditions:
All Warranties between buyer and seller.
Cars Must be settled for within one hour.
All flood cars, taxis, police cars or vehicle with salvage or reconditioned titles must be announced at time of sale.
Trade Vehicle - not subject to auction guarantee
Frame damage/ busted blocks must be must be reported to auction within 24 hours for auction guarantee to apply.
Auction not responsible for year, make or miles
Auction not responsible for emission devices
All counter (lot) sales are absolutely as is.
All Current and 1 (one) year old vehicles with body and paint repairs must be announced at time of sale.
All vehicles must be arbitrated on Sale Day- no exceptions.
Midland Odessa Auto Auction is performing auction services only and is responsible for the warranties and guarantees set forth herein.
The SELLER covenants with the PURCHASER that the true and lawful owner of the vehicle described on this website; that same is free of all liens and encumbrances, that he has good right and full power to sell and transfer title to the same and that he/she will warrant and defend the same against the lawful claims and demands of all persons whomsoever.
The PURCHASER agrees to purchase this vehicle for the purchase price as shown, provided said vehicle is found to be as represented and that before settling for said vehicle he will check the serial and/or motor number with those listed on this website and that he/she will check the condition of the vehicle within the announced conditions at the light green, yellow, or red under which the vehicle was sold and the announced conditions thereof if any, when the vehicle was offered for sale this auction. Purchaser in making settlement for this vehicle by cash, check or draft, check or draft being in lieu of cash, to consider the transaction fully consummated; that no stop payment of his/her check or refusal to pay draft to this AUCTION shall be honored. Any stop payment order of a check or any check returned to the AUCTION mark "insufficient Funds" or for any other reason marked "Refer to Maker" or "No Account, " or "Account Closed, " or the return of any draft unpaid, without valid reason, shall be deemed by all parties as prima facie evidence of fraud and intent to commit fraud existing at the time the transaction was consummated.
Midland Odessa Auto Auction Guarantee the title to the vehicle described on this website to be free and clear of all liens and encumbrances at the time of this auction sale is executed to the PURCHASER for a period on ONE YEAR from the date hereof for the lesser of the following: (i) the purchase price as set forth hereon or (ii) the wholesale price of the vehicle at the time claim is filed: wholesale price to be determined by offering and selling said vehicle at auction. THIS TITLE AND DRAFT GUARANTEE DOES NOT COVER ANY TRANSACTION NOT PROCESSES THROUGH THE MIDLAND ODESSA AUTO AUCTION OFFICE AND MADE A PART IF THE AUCTION RECORDS NOR ANY TITLE REPRESENTED BY OR DERIVED FROM A CERTIFIED COPY.
Upon Payment of any Guarantee of the title or check or draft on the hereon described vehicle, Midland Odessa Auto Auction or its assigns shall be, subrogated to all purchaser's rights of recovery thereof and PURCHASER shall use every reasonable means to secure and defend such rights so as to leave such rights intact and without prejudice.
Seller and Purchaser each agree that should any vehicle be left on the premises of Midland Odessa Auto Auction for a period in excess to ten days. Midland Odessa Auto Auction shall charge a storage fee of $ per day. However, vehicles left after sales day are left at the owner's own risk.
Midland Odessa Auto Auction makes no warranty of any kind, implied or expressed as to the year of manufacture or model of any foreign made vehicle. All vehicles sold under RED LIGHT are %100 As IS. This includes frame damage, cracked blocks or any other defects.
CARS MUST BE SETTLED FOR WITHIN THE BUSINESS DAY THEREOF OR THERE WILL BE NO GROUNDS FOR REJECTION.
