Heart of Texas Auto Auction
  Policies
 

*Arbitration Policies*

*Green Light - covers: engine, transmission, clutch, rear end, front drive axles (power train only) no 4x4's.

*Yellow Light - covers: vehicles announced with problems or defects. Only other items covered - announced problem is "AS-IS" (power train only).

*Red Light - covers: nothing. Vehicles are sold "AS-IS" where is - No Turn Downs - No Exceptions.

A. Purchaser has two hours from the time the vehicle is sold to drive it, No Exceptions! - Yellow and Green Lights only!

B. BUYERS MUST ARBITRATE THE NIGHT OF THE SALE ANY DISCREPENCIES IN YEAR, MAKE, AND MODEL, INCLUDING ODOMETER.

C. T.M.U./N.A.M. UNITS MUST BE ANNOUNCED REGARDLESS! Exempt Status odometers included.

D. After any accepted adjustment, unit automatically becomes an "AS-IS" sale with no further arbitrations.

E. Counter Sales - Considered "AS-IS". Any dispute over such vehicle is between the buyer and the seller.

F. Due to EPA Regulations, A/C units WILL NOT BE ARBITRATED!

G. All vehicles sold for $2000.00 and under are sold "AS-IS", all vehicles sold off the block are sold "AS-IS". Once a vehicle is arbitrated, it's an automatic sale EFFECTIVE 3/10/11.

H. Anyone Rep'ing a car must identify what type of drive the unit will stand.

I. If $300.00 will fix it, BUYER OWNS IT EFFECTIVE 3/3/2011!

J. Final decision of Arbitration will be backed by Auction Management...Arbitrators decision is FINAL! All arbitrations will be made the night of the auction or all sales are final! NO exceptions!

K. AIR BAGS DEPLOYED MUST BE ANNOUNCED. IF AN AIRBAG LIGHT IS ON AND AIRBAG IS INTACT - IT IS NOT ARBITRATABLE!

M. All buyers and sellers - It is YOUR responsibility to check on vehicles in Arbitration and to settle any impending disputes.

N. ONCE A UNIT IS STAMPED "OK TO RELEASE" OR "SOLD", IT IS NOT ARBITRATABLE. NO EXCEPTIONS! TEST DRIVE UNIT BEFORE YOU PAY. IT WILL BELONG TO YOU IF STAMPED "OK TO RELEASE" OR "SOLD"!

O. If any unit is ten years or older it may not be arbitrated for frame/frame damage.

P. The sales at the auction are intended to promote fair and ethical treatment to both buyer and seller. If the auction determines that the transaction is not fair and ethical to either party, the seller and buyer agree that the auction may cancel the sale at its sole discretion!

 
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