Dealer Packet Application | Interstate 69 Auto Auction

1 of 5 - Dealer Packet Check List

Forms to complete

Dealer Application

Authorization For Each Seller Representative

Dealer Registration Agreement

Dealer License

Select

Bond

Select

Drivers License For Each Representative

Select

Auction Access

Select

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2 of 5 - Dealer Application

Richmond Auto Auction Dealer Application

Business Information:

Date:

(Please submit a copy of the Dealer license)

Dealership Name:

Address:

City:

State:

Zip:

Phone:

Fax:

Mailing Address:

Mailing Address City:

Mailing Address State:

Mailing Address Zip:

Federal ID #:

DMV Dealer#:

DMV State:

List of Owners and Officers:

(Repeat for up to 3 owners/officers.)

Name:

Title:

Home Phone:

Home Address:

City:

State:

Zip:

Social Security#:

Other contact info:

Name:

Title:

Home Phone:

Home Address:

City:

State:

Zip:

Social Security#:

Other contact info:

Name:

Title:

Home Phone:

Home Address:

City:

State:

Zip:

Social Security#:

Other contact info:

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3 of 5 - Dealer General Information

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4 of 5 - Dealer Registration Agreement

Dealer Registration Agreement

This Dealer Registration Agreement, dated as of

is made and entered into by and between

This Dealer Registration Agreement, dated as of ____________ 20___, is made and entered into by and between ______________________ ("Dealer") and I-69 Anderson Auto Auction ("Auction"). In consideration of the following recitals, representations, guarantees, covenants and agreements contained herein, Dealer and Auction agree as follows:

**1. Title.** Dealer represents that it is a licensed vehicle dealer engaged in the business of buying and selling vehicles. Dealer has provided to Auction a completed Dealer Application Sheet as required by Auction, and Dealer represents that all information provided thereon is true and correct.

**2.** Dealer recognizes and acknowledges that Auction is not to be deemed to be the seller of any vehicle for any purpose, nor is it the transferor required to give the Federal Odometer Mileage Statement in connection with any sale at this auction. The Seller named on the Bill of Sale is the transferor.

**3.** All sales at the Auction are conducted under published Auction Rules/Policies. Dealer acknowledges receipt of a copy of the Auction Rules/Policies and agrees to be bound by such Auction Rules/Policies, as amended from time to time.

**4.** Dealer will provide a list of people to Auction to act as "Authorized Agents" who are duly authorized by Dealer to buy and sell automobiles, to execute Company "Trading As" checks or drafts, and to execute bills of sale, Odometer Mileage Statements, assignments of title, and warranties of title on behalf of Dealer. The authority of such people to act on behalf of Dealer shall continue in full force and effect until terminated by Dealer in writing to the Auction. Dealer hereby guarantees all transactions made by such persons and indemnifies and holds harmless the Auction from all loss or expense caused to it as a result of any such transaction, including, but not limited to, losses from dishonored checks or drafts, defective titles, and false or inaccurate Odometer Mileage Statements, as well as any expense incurred in attempting to collect such losses, including attorney's fees.

**5.** Dealer authorizes the Auction to act as Dealer's attorney-in-fact to purchase, sell and transport vehicles and, as required on Dealer's behalf, to execute any documents necessary to transfer ownership thereof and any disclosure statements relating thereto. Except for negligence on the part of the Auction, Dealer agrees to indemnify the Auction, hold the Auction harmless, and defend against all claims, loss, damage, expense, and attorney fees that the Auction may sustain by reason of acting for Dealer.

**6.** Dealer assumes all risks of loss, liability, and damage incident to or arising out of any vehicle left on the Auction's premises, and Dealer shall provide insurance for such loss, liability and damage. The Auction disclaims all liability, in tort, contract, or otherwise, for such loss, liability and damage.

**7.** With respect to each and every vehicle delivered by Dealer to Auction for sale, Dealer represents to Auction and to the buyer of that vehicle that:

- a. The vehicle is in a safe condition to operate on the public highways and complies with applicable laws, including laws relating to safety and performance;
- b. Dealer will fully and accurately disclose the description, condition, known defects and mileage of the vehicle and be solely responsible for such representations;
- c. Dealer is the true and lawful owner of the vehicle;
- d. Dealer has good and right power to sell the vehicle;
- e. Dealer guarantees, without exception, that title to the vehicle is free and clear of all encumbrances and other defects, and Dealer will hold the buyer and the Auction harmless for any loss, liability, or expense resulting from any defect in such title;
- f. Within the time allowed by Auction Rules, Dealer will deliver to Auction, as agent, good title to the vehicle, free and clear of all liens or encumbrances, with related disclosure statements. Upon such delivery, Auction agrees to pay Dealer the purchase price of the vehicle, less any fees owing to Auction;
- g. Dealer will hold harmless and indemnify Auction and the buyer of the vehicle against any loss resulting from the breach of the Dealer's warranty of title to the vehicle or of any warranty or representation contained herein.

**8.** With respect to each and every vehicle purchased by Dealer, Dealer agrees that:

- a. Auction does not inspect vehicles delivered to it for sale; rather, the seller is responsible for all representations of description, condition and mileage and for disclosure statements relating to the vehicle;
- b. Dealer will pay the Auction the purchase price of the vehicle by draft, check or cash (as requested by Auction) immediately upon tender of good title thereto. Upon failure to so pay, Auction may, without further notice to Dealer, dispose of such vehicle through a subsequent auction sale, and Dealer shall be liable to Auction for all costs of collection, loss on resale of the vehicle, and any other damage the Auction may sustain, including reasonable attorney fees incurred in collecting payments due and interest;
- c. All vehicles purchased must be paid for the night of the auction. No vehicle will be allowed off the premises without payment.

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5 of 5 - Dealer Registration Agreement

Dealer Registration Agreement

1. Checks and Drafts. Dealer agrees to honor payment of any check or draft immediately when properly presented to Dealer's bank for payment. Dealer will not, under any circumstances, stop payment of its check or draft without the advance written approval of an authorized representative of Auction; then, if approved, Dealer will return the vehicle at Dealer's expense to Auction's place of business. Dealer further agrees to hold Auction harmless and indemnify Auction against any loss as a result of a check or draft of Dealer being dishonored by the bank upon which it is drawn. If a check is returned for any reason, there will be a return check fee added, along with a $100.00 per day charge for every day no payment is made. Also, if a dealer writes more than one returned check, they will be placed on a cash-only basis or barred from buying or selling.

2. Credit Investigation. Dealer hereby authorizes Auction to investigate Dealer's credit history, including but not limited to the banks and other financial institutions with whom Dealer does business, and agrees to execute any documents required by any such bank or financial institution to release financial information to Auction.

3. Title Guarantee. Auction guarantees the buyer good and valid title to each vehicle bought at Auction, subject to the following terms, conditions and limitations:

- a. The guaranty covers only invalidities in title existing at the time of the sale and does not cover mere technical defects which can be removed by execution and delivery to the buyer of legally required papers without the necessity of any monetary payment;
- b. The guaranty does not protect against defects in the title known to the buyer, whether or not listed as exceptions to the title on Auction's contract;
- c. Whenever any claim is made by any person against the title of the vehicle, whether by suit or otherwise, the buyer shall, within five days after becoming aware of the claim, notify Auction, giving full particulars of the claim, and shall cooperate fully in defending any legal action or taking any other steps to minimize possible loss;
- d. Seller has 30 days to produce title. If on the 31st day title is still not present, the buyer must give 24 hours' notice before returning the vehicle. If title is brought in before the time has expired, the buyer must still purchase the vehicle. If the buyer does not return the vehicle within the 24-hour time period, the notice will become void, and a new 24-hour notice must be given. Seller will be responsible for buyer fees and seller fees if the vehicle is returned for no title. Please note that the car can have no more than 200 miles on it to be returned.

4. Arbitration. All arbitrations must be done within 1 hour from time of purchase. If a vehicle is taken out and not brought back to the auction within 1 hour, the vehicle will no longer be eligible for arbitration.

5. Termination. This Agreement may be terminated by Auction at any time, with or without cause. The parties' obligations under this Agreement with respect to transactions completed prior to termination shall survive termination.

6. Amendment. This Agreement may be amended at any time, with or without notice. A copy of the new agreement will be available upon request.

Auto Group:

Printed Name:

Title:

I-69 Anderson Auto Auction:

Printed Name:

Title:

E-Signature I hereby declare that the details furnished above are true and correct.

Security

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After submitting the form, the PDF file will be available for download