Condition reports may or may not be available on all vehicles offered for sale. In the event a condition report is not available, arrangements can be made to view the vehicle in person. Please call or send an email to firstname.lastname@example.org to make an appointment. In some cases, vehicles may not be available in time for either a condition report to be written or an appointment to be made. In this case, we suggest refraining from bidding. Please remember, if you are the winning bidder on a vehicle, it is considered a binding contract between you, the buyer, and the seller, the moment the auctioneer says “Sold.”
Vehicles offered on the Simulcast auction can be sold in one of two conditions. The first condition is “As-Is,” which indicates that the vehicle is sold with any and all problems that the vehicle may have. This includes engine, transmission, and drivetrain problems. The second condition that a vehicle may be sold under is known as the “Green Light” policy, which is a 24 hour guarantee on the following items: Motor, Rear, Transmission, and AC on three year old or newer vehicles, including current year. This 24 hour guarantee is for the general public to take the vehicle to a mechanic, at the buyer’s expense, to check the vehicle for any problems with the covered items. Dealers must arbitrate vehicles before they leave the lot. (For a complete description of our auction policies click the following link, trading policies.) The 24 hour guarantee does not cover scratches, dents, or other cosmetic items noted or not noted in the condition report. In the event that there is a discrepancy with the vehicle and the condition report, Carriage Trade will make every attempt to rectify the situation prior to the final payment being made.
One important area of confusion to be aware of is that the vehicle which is being sold is not always the vehicle directly in front of the auctioneer when the auctioneer drops the hammer or gavel and says “Sold.” Bidding on a vehicle begins with the vehicle in front of the auctioneer and continues even after the vehicle is driven from the auction block. The bidding on the current vehicle only ends when the auctioneer declares “sold” or “no sale,” regardless of the position of the current vehicle at the time the gavel drops.
While bidding online, a button will be displayed for the amount of the bid which the auctioneer is trying to get. The amount shown on the button will correspond with the audio of the auctioneer. When you click on this button, you are telling the auctioneer that you want to pay that amount. If no one else bids a higher amount and the seller has reached his reserve, you become the buyer of that vehicle. The auctioneer will then call out your bidder number and the paper work for your sale will be generated. It is at this time that your credit card will be charged $500 for the down payment of the vehicle, plus $30 for the annual membership fee. If you currently have an active annual membership, the $30 will be added to your deposit.