TERMS 

TERMS OF AUCTION:  Reserve price may be lowered at any time by the Seller, however Reserve price cannot be raised after auction company receives the listing agreement from the Seller. If said vehicle is sold within 60 days to any person or business as a direct result of the auction, advertising or promotions, the Seller agrees to pay the commission based on the original listing agreement. Seller warrants that he/she is sole and only owner of any consigned vehicle and has the right to sell vehicle with clear consent from any lien holder listed on the title. Seller agrees to provide buyer with good, clear and transferable title. Seller agrees to correct any title defects and/or pay any costs associated with providing Buyer a good, clear and transferable title as required by the state where Buyer seeks to register vehicle. Seller agrees to indemnify SG Auctions from any attorney fees, costs and/or expenses connected with the transfer of their title. Seller gives SG Auctions their consent to the sale of this vehicle subject to the terms and conditions contained herein. Seller agrees to indemnify SG Auctions from any attorney fees, costs and/or expenses connected with the sale of their vehicle. Seller authorizes SG Auctions to release said vehicle to the successful buyer and agrees to rely only upon the Buyer for payment, thereby, releasing SG Auctions from any and all legal obligation for collection, attorney fees, or any costs and/or expenses connected with the sale. If, as convenience, SG Auctions should issue payment to the Seller on behalf of the Buyer, said payment can be withheld, cancelled or revoked at any time at SG Auction’s discretion until proper, good funds are received from the Buyer. Proceeds from the sale may be withheld at SG Auction’s discretion to satisfy any existing debt or obligation owed to SG Auctions by the Seller. Seller agrees that SG Auctions shall assume no liability for loss, theft, or damage arising out of the vehicle sale. Seller agrees to maintain insurance on the vehicle. Seller agrees SG Auctions may hold the vehicle title until any and all funds due, including cash, clear SG Auction’s bank. SG Auctions will pay the Seller when payment is received and confirmed from the Buyer. SG Auctions will not release vehicle(s) until payment is received. SG Auctions is licensed and bonded in the state of Minnesota and will certify funds from the Buyer. Seller checks will be mailed within 10 business days of the end of the sale.