CAA Auction Rules
General Policies
- All cars sold with a drive must be finalized by 5:00 pm the day of sale.
- All titles submitted by seller must be in seller’s name.
- All information on titles and reassignments must be completed by selling dealer, (including blanks for odometer reader)
- All titles and ownership papers on sold cars must be processed through the office.
- When “title attached” is not announced on the block, the buyer has the right to reject the car.
- If there is a title clerical error or incomplete documentation, the auction shall be given reasonable time after receiving notice to have error corrected.
- The auction is not responsible for mailed titles that are not received.
- The auction reserves the right to refuse the sale of any vehicle on which the vehicle identification plate is missing or marred or in any way.
- All salvage, flood, and gray market vehicles must be sold under the yellow light and such conditions must be announced.
- Outside or off block sales must be consummated through the auction and all sales will be “AS-IS”.
- The auction does not guarantee the year of any house trailer, motor home, boat, boat motor, antique, dune buggy, motorcycle, or reconstructed vehicle.
- Speed limit is 15 mph on customer and sale lot. This rule will be strictly enforced.
- All vehicles left on auction grounds are at owner’s risk. The auction is not liable for damage or theft.
- Any vehicle left on the premises over 30 days is subject to be towed at owner's expense.
- All dealers must present a valid I.D. upon entrance.
AUCTION MANAGEMENT RESERVES THE RIGHT TO SUSPEND OR REVOKE DEALER PRIVILEGES AT ANY TIME. THE DECISION OF THE AUCTION MANAGEMENT SHALL BE FINAL IN ALL DISPUTES.
ARBITRATION POLICIES
Please examine cars before bidding and be familiar with all announced conditions of the unit.
- SUBJECT TO ARBITRATION (Unless announced)
- Motor defects or excessive noises.
- Transmission- Clutch-Rear end.
- Frame damage and excessive frame or floor rust, repaired or not, must be announced.
- Brakes- when vehicle is considered by arbitration to be unsafe to drive.
- Front end problems when considered by arbitration to be unsafe to drive.
B. NOT SUBJECT TO ARBITRATION *
- Leaking or wet transmissions.
- Frame damage from normal use (scratches, scrapes, minor indentations, not resulting from accidents.)
- Any repair not explained but costing less than $1,000.00
- Visible items such as bodywork, paint work, tires, upholstery, glass, etc.
*These sales are absolute and final. Any adjusted price automatically makes the sale AS-IS. Decisions of the Arbitration Manager are final and not subject to change by any other auction personnel. Any dealer found abusing their arbitration privileges will have them suspended.
DEALER ONLY SALE
No retail customers allowed. This sale is for licensed and registered dealers only. You MUST be registered to buy or sell. Unauthorized persons are not allowed on auction premises. All cars registered here are subject to inspection by the State Police, the Federal Bureau of Investigation and National Auto and Theft Bureau.
LIGHT SYSTEM
GREEN LIGHT- WITH DRIVE
Dealer is selling a mechanically sound vehicle with a drive. Vehicle mechanically sound up to $1000.00
YELLOW LIGHT- ANNOUNCED CONDITIONS
Selling dealer must announce any condition(s) subject to arbitration
BLUE LIGHT- TITLE ATTACHED
Assignable title does not accompany vehicle. The auction must receive title within 21 consecutive days from day of the sale or the vehicle may be returned
BUYER IS CAUTIONED NOT TO SPEND ANY MONEY ON UNIT AND NOT TO SELL UNIT UNTIL TITLE IS RECEIVED.
THE AUCTION WILL NOT BE RESPONSIBLE FOR ANY MONIES SPENT ON A RETURNED VEHICLE.
THE AUCTION MUST BE NOTIFIED TWENTY-FOUR (24) HOURS PRIOR TO THE RETURN OF THE UNIT FOR FAILURE TO RECEIVE TITLE.
NO VEHICLE RETURNS WILL BE ACCEPTED ON TUESDAY.
RED LIGHT- AS-IS
-These units cannot be rejected (subject to proper announcement of condition(s).
-All vehicles, both in lane and simulcast, selling for $1,000 and under, by default, are considered AS-IS.
-The buyer assumes total responsibility for mechanical defects.
WHITE LIGHT- MILEAGE OVER 100K
Selling dealer must announce miles over 100,000
ANY IRREGULARITY IN ODOMETER READINGS MUST BE BROUGHT TO THE ATTENTION OF AUCTION MANAGEMENT ON THE DAY OF SALE. CAPITAL AUTO AUCTION ASSUMES NO RESPONSIBILITY NOR GUARANTEES ACCURACY OF ODOMETER READING. BUYERS MUST WATCH LIGHTS AND LISTEN TO ANNOUNCED CONDITIONS.
CONDITIONS
- Flood, livery use vehicles and police cars must be announced.
- Frame damage or excessive frame or floor rust, repaired or not, must be announced.
- TMU (True miles unknown).
- MVR-4 (Application for Duplicate Certificate of Title).
- Mechanic lien (Form LT-262).
- Open recall.
- Salvage rebuilt/ total loss.
- Unibody damage or structural damage.
- Fire damage
- Odometer Discrepancy
- Airbag deployed
- Lemon
POST SALE INSPECTION
Post sale inspection (Purchase Protection)
Process
Inspections will evaluate the condition of a vehicle purchased through Capital Auto Auction.
PSI offers seven day purchase protection for the following items:
- Drivetrain (Engine, Transmission & Drive-axle including 4x4)
- ABS and Brake function
- Electrical Accessories ( Vehicles less than 5 model years old)
- Air Conditioning (Compressor only)
- SRS (supplemental restraint system/ airbags) check
- Inspection services must be purchased before 5:00 pm on the day of the sale
- All eligible vehicles will be inspected on site.
- If an inspected item fails during the PSI period and cost more than $1000 (per item or $2500 for multiple items), it will be replaced or repaired or the sale voided at Capital Auto Auction discretion.
Eligibility
Capital Auto Auction will offer inspection services for all vehicles sold with a Green Light.
Vehicles will not be eligible for arbitration after 5pm on sale day unless PSI is purchased.
Pricing
All fees must be paid separately on the day of purchase (5:00 pm deadline) for the PSI protection to take effect.
PSI fee: $125 (non-refundable)
******PSI protection will expire at 5:00 pm on the following Tuesday******
RETURNED VEHICLES
The buyer has the right to return a vehicle for auction inspection, if the vehicle is found to have any of the following defects that were not announced:
- Flood, livery use vehicles and police cars must be announced.
- Frame damage or excessive frame or floor rust, repaired or not, must be announced.
- TMU (True miles unknown).
- MVR-4 (Application for Duplicate Certificate of Title).
- Mechanic lien (Form LT-262).
- Open recall.
- Salvage rebuilt/ total loss.
- Unibody damage or structural damage.
- Fire damage
- Odometer Discrepancy
- Airbag deployed
- Lemon
The auction must be notified within seven (7) days of such problems. NO CARS WILL BE ACCEPTED AFTER THE SEVEN (7) DAY PERIOD. CARS MUST BE RETURNED IN THE SAME CONDITION AS PURCHASED. If the complaint is found to be legitimate, the selling dealer must buy the vehicle back. THE AUCTION WILL NOT GO BACK TO ANY PREVIOUS SELLER AND WILL NOT BE RESPONSIBLE FOR FREIGHT, TOWING, OR REPAIRS ON ANY RETURNED VEHICLE.
Vehicle Release Policy
Vehicle Release
The vehicle can only be released to the vehicle owner or agent of the owner (e.g. transporter or designated representative). A vehicle is eligible for release from CAA when each of the following conditions are met:
- The vehicle does not have a pending arbitration
- The post-sale inspection (if ordered) is complete
- The owner, or dealership purchasing the vehicle, does not have an active collection hold
- The vehicle (if a purchase) has been paid in full, subject to the following
- Based on the type of payment remitted, CAA may hold the vehicle for 72 hours after receipt of payment to ensure that funds have cleared; and/ or
- Vehicles being paid for by floor plan may require approval from the floor plan provider prior to release.
Payment Terms Overview
Acceptable payment methods: Cash, Money Order, Cashier Checks, Bank Draft, Floorplans and Company checks (upon management approval).
Payment is due on date of purchase but a late fee will not be assessed until Thursday at 5:00pm.
How much is the late fee?
- Late fee is charged at a rate of $50.00 per unpaid vehicle-per week.
- A late fee will be charged weekly until payment is received in full.
- After 10 days, any unpaid vehicle will be reported to the KO book and/ or be resold.
- All buying/selling privileges will be suspended after 10 days
Online Sales
TERMS OF SIMULCAST
By accessing and using the Edge Simulcast, or by otherwise selling or purchasing through Simulcast, you agree for yourself, your dealership, your company, and your representatives (collectively), to abide by these Terms of Sale, as well as by all applicable arbitration and all other rules and general policies of CAA.
General Terms of Sale
With respect to any Simulcast Transaction, by participating in any Simulcast Transaction, you represent to CAA that you are solvent, that you are a licensed motor vehicle dealer in good standing, and that any vehicle you purchase is purchased solely for resale.
Seller in any Simulcast Transaction, you represents and promises that Seller is the true and lawful owner of the Vehicle being sold; that the vehicle is free from all liens and encumbrances. Seller will warrant and defend the vehicle against the claims and demands of all person whomsoever.
You (the seller), agree that any amounts owing to CAA may be deducted from any proceeds due to you and that CAA may stop payment or refuse to authorize payment on any check or draft to pursuant to this right of setoff.
Buying from anywhere
Purchasing vehicles is easier than ever before with CAA mobile options. Find the vehicles you need, place bids, buy and manage your purchases wherever you go.
Benefits
- Place bids or purchase vehicles on your schedule
- Get the vehicle information you need, when you need it
Find and purchase vehicles
- Perform full vehicle searches and edit saved searches
- Scan VIN and QR code and get the MMR automatically
- View vehicle condition and history reports
- Place bids or purchase vehicles from anywhere- even if you’re at an auction and want to bid on inventory in a different lane
Manage your purchases
- Check your buying activity
- View your purchases
*Please note there is a $50.00 convenience fee for all units purchased online*
