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
PSI fee: $125 (non-refundable)
All fees must be paid separately on the day of purchase (5:00 pm deadline) for the PSI protection to take effect.
******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*
CAA Dealer Terms and Conditions
By attending any auction at CAA or using any of CAA’s services, whether at a CAA or online, you agree, for yourself, your dealership, your company, and your representatives (collectively, “you”), to abide by the following terms and conditions, as amended from time to time by CAA:
Accuracy of information: You certify that all registration and representative information you have provided to us, is true, correct and complete. You agree to promptly update your information, if there is any change to the information you have provided.
Fairness and Courtesy: You agree to behave in a fair, ethical, courteous, and civil manner in your interactions with us, our personnel, and our other customers while participating in any CAA auction, when accessing our online and mobile sites, or when otherwise using any of CAA’s services. Should you have issues or concerns with the behavior of our personnel or other customers while attending any CAA auction that cannot be resolved quickly and civilly on your own, you will raise those issues discreetly with our management.
Terms of Sale: CAA RESERVES THE RIGHT TO VOID, UNWIND, ADJUST, OR CANCEL ANY TRANSACTION IN ITS SOLE DISCRETION.
Electronic Payment Authorization: You agree that, if you designate a bank account for payment of amounts you owe us, including, but not limited to, by adding a bank account to your online profile, we may use such account information to initiate ACH entries to your bank account, including debit entries for amounts we owe you, and debit or credit entries in any amount necessary to correct an error. You understand that, other than account information we routinely make available to you online, we will not provide any notice to you prior to initiating entries and that you are responsible for ensuring that your account balance is sufficient to cover debits for amounts you owe us. This authorization is in addition to, and does not terminate or alter, any other authorization for electronic payments (including ACH authorizations) that we have on file or that you provide us in the future.
Safety and Assumption of Risk: Like all auto auctions, our facility are busy places with many vehicles, customers, and personnel moving around the premises at all times, particularly during sales events. You understand and acknowledge that the movement of vehicles, equipment, and individuals at our facilities constitutes an open and obvious condition and that CAA is not obligated to warn you of such conditions. You agree to obey posted signs and follow any warnings you receive from our personnel, particularly as they relate to safety and security issues. You also agree to use extreme care while on our premises to avoid injury to yourself and others, both in moving vehicles on and off the premises and in traversing any sale lanes, parking lots, and offices on foot and otherwise. By entering our private premises, you assume the risk of injury.
No right to Do Business: You have no obligation to do business with us. Likewise, you agree and acknowledge that we have no obligation to do business with you. We are affiliated private business; we reserve the right to cease doing business with you or anyone else, at any time, for any reason or no reason, in our sole discretion, collectively or separately among our affiliates; and you shall have no right, remedy, or cause of action for same. You acknowledge and agree that there are numerous sources, other than CAA, for you to acquire and sell used motor vehicles and related services.
Limited Power of Attorney: For value received, you hereby irrevocably appoint CAA to be you be your agent and attorney-in-fact with full and complete authority to, on your behalf, take all steps, do all things, and authenticate, sign, or otherwise acknowledge any and all documents, including but not limited to odometer disclosure statements, title documents (including applications for duplicates), bills of sale, invoices, and transportation instructions/orders, in each case as deemed necessary, incidental, desirable, or expedient by us, in our sole judgement, for any purchase or sale of a vehicle made under these Terms and Conditions, for the provision of any goods and/ or services under these Terms and Conditions, and/ or to assist us with our efforts to collect payment for such goods and/ or services. You acknowledge that you will be required to execute such valid power of attorney document(s) covering the foregoing activities and authority as CAA may request from time to time in its sole discretion. For greater certainty, where any applicable jurisdiction requires a valid power of attorney to be effected in writing, in the presence of a witness, and/ or imposes any other requirements, you hereby covenant to do such acts as required to appoint CAA as your power of attorney.
DISCLAIMER OF WARRANTIES AND CONDITIONS: UNLESS OTHERWISE SPECIFICALLY SET FORTH HEREIN OR IN A MORE SPECIFIC AGREEMENT YOU MAY HAVE OR MAKE WITH CAA. ALL PRODUCTS AND SERVICES PROVIDED TO YOU BY CAA ARE ON AN “AS-IS” BASIS. CAA CANNOT AND DOES NOT MAKE ANY WARRANTIES OR CONDITIONS RELATING TO THE ACCURACY, COMPLETENESS, CURRENTNESS, NON-INFRINGEMENT, MERCHANTABLE QUALITY, DURABILITY, OR FITNESS FOR A PARTICULAR PURPOSE OF ANY PRODUCTS OR SERVICES PROVIDED TO YOU BY CAA, AND CANNOT GUARANTEE THAT ANY SERVICES PROVIDED TO YOU WILL BE ERROR FREE, OR CONTINUOUSLY AVAILABLE, OR THAT SUCH SERVICES WILL BE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
INDEMNIFICATION: YOU AGREE TO INDEMNIFY, DEFEND, AND HOLD HARMLESS CAA, ITS SUCCESSORS AND ASSIGNS, AND EACH OF THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, SHAREHOLDERS, MEMBERS, REPRESENTATIVES, BORROWED SERVANTS, VOLUNTEERS, INDEPENDENT CONTRACTORS, AND AGENTS, FROM AND AGAINST ANY AND ALL CLAIMS, LOSSES, DEMANDS, CAUSES OF ACTION, DEBTS, OR LIABILITIES, INCLUDING ATTORNEYS’ FEES, ARISING OUT OF OR RELATING TO:
ANY PERSONAL INJURY OR PROPERTY DAMAGE THAT YOU MAY CAUSE, EITHER SOLELY BY YOUR OWN ACTIONS OR JOINTLY WITH OTHERS (INCLUDING THE CAA PARTIES), TO CAA, ANY PERSONNEL OR CUSTOMERS OF CAA, OR ANY THIRD PARTIES, OR THE PROPERTY OF ANY OF THE FORGOING;
THE BREACH OR ALLEGED BREACH OF ANY AGREEMENT OR OBLIGATION HEREUNDER OR UNDER ANY OTHER AGREEMENT THAT YOU MAY HAVE WITH CAA;
ANY TRANSPORTATION CLAIMS;
ANY ACTIONS THAT A CAA PARTY MAY TAKE AS YOUR AGENT, REPRESENTATIVE, OR ATTORNEY-IN-FACT, PURSUANT TO SECTION 20 HEREOF OR OTHERWISE;
YOUR USE OF ANY PRODUCTS OR SERVICES OF CAA; AND
ANY LIABILITY OR OBLIGATION, INCLUDING ANY CAUSED IN PART BY A CAA PARTY, THAT MAY OTHERWISE ARISE FROM YOUR PARTICIPATION IN ANY SALE OR AUCTION CONDUCTED BY A CAA PARTY, YOUR PRESENCE AT ANY PREMISES OWNED OR OPERATED BY CAA, OR THE PROVISION OF PRODUCTS OR SERVICES TO YOU BY CAA.
