Welcome to Prestige Auctions, your total source for buying bank repossessed and lease returned recreational equipment, farm equipment, business equipment, vehicles, agricultural and industrial equipment and much more. Please read and review the terms and conditions (“the Agreement”) below carefully. This Agreement summarizes the rules governing your use of Prestige Auctions. The Agreement enables the owners of Prestige Auctions, to offer an easy, secure and fair place for buyers of bank repossessed and lease returned recreational equipment, farm equipment, business equipment, vehicles, agricultural and industrial equipment to enter into contracts with Prestige Auctions for the purchase of such equipment. When you click on the “place bid” button on the “Place Bid” page you are entering into a legal contract with Prestige Auctions in which you agree to abide by this Agreement in all aspects of your use of Prestige Auctions. Anyone using Prestige Auctions, executing a bid for an item on Prestige Auctions, or requesting an item on Prestige Auctions, will be deemed to have consented to this Agreement. If you do not agree to these terms and conditions, you may not place a bid on Prestige Auctions or use any services of Prestige Auctions. As used in this Agreement, “you” are an individual acting on your own behalf, or “you” are an agent of a person or entity that has authorized you to act on that person’s or entity’s behalf.
Eligibility And Authorized Use
Use of Prestige Auctions is limited to persons who may lawfully enter into and form contracts under applicable law. For example, minors are not allowed to enter bid contracts. By using Prestige Auctions, you warrant or certify that: – You are at least 18 years of age (or older, if required by applicable law) and possess the legal authority to enter into this Agreement. – You agree to be financially responsible for all of your use of Prestige Auctions (as well as for use of your account by others, including without limitation minors living with you). – You agree to supervise and be responsible for all usage of minors of Prestige Auctions under your name or account. – All information supplied by you or members of your household in using Prestige Auctions, including without limitation your name, email address, street address, telephone number is true and accurate. You Agree to pay all penalties, damages, losses, lawyer’s fees, anticipated selling commissions as per value deemed by Prestige Auctions and expenses incurred by Prestige Auctions in the event you do not provide accurate information. – Notwithstanding the foregoing or any other provision of this Agreement, Prestige Auctions reserves the right to refuse any bid for any reason in its sole discretion. All registered users must have a current and accurate email address, and certify that all of the information entered on the registration is to the best of registrar’s knowledge to be true and correct. Please refresh screen to view the current bid on any lot.
Prestige Auctions reserves the right to revoke bidding privileges for any reason deemed necessary, and is not liable for any loss of bidding and/or potential purchases under any circumstances. Prestige Auctions will not be held liable for any electronic/auto generated communication for the online bidding process.
As a buyer, you are obligated from the time you place your offer or bid to complete any purchase for which your offer is accepted or your bid represents a winning bid in accordance with the specifications of Prestige Auctions. You may not retract any offer or bid. You may not influence or manipulate the offering or bidding process to compel other buyers to accelerate their offers or bids or hamper others from offering or bidding without interference.We describe all units based on a visual inspection only. We make a good faith effort to accurately describe each item, however there may be hidden damage or details we may unintentionally miss that may appear obvious to the buyer. If you bid on an item you agree and fully understand all the terms and conditions of the use and interaction and payment/pick up conditions of Prestige Auctions. By bidding on Prestige Auctions or its subsidiary website addresses you agree that everything is sold on a AS IS WHERE IS basis.
A 15% buyer premium will be added to the invoice for all items purchased. This is in addition to your bid amount and shipping charges.
Prestige Auctions reserves the right to charge various fees to buyers for the use of any and all services of Prestige Auctions, including, but not limited to, sale and/or auction listings and transaction fees based on completed transactions using Prestige Auctions. Prestige Auctions further reserves the right to impose or change any and all fees from time to time including a 3% fee for use of Visa/Master Card. Buyers are responsible for any charges, duties, taxes, and assessments arising out of their use (and the use by another acting as an agent of a buyer or over whom a buyer has control) of Prestige Auctions. Prestige Auctions reserves the right to charge buyers fees and/or buyers premiums on all items sold. Prestige Auctions reserves the right to charge fees to buyers for their use of any inspection services offered by Prestige Auctions. Further, Prestige Auctions has the right to charge storage fees for items that are not recovered by the winning bidder within 5 business days from receiving notification of successful bid. The rate charged for units left at Prestige Auctions location for an extended period shall be $2 per day to a maximum of $28.00 as otherwise arranged. Applicable storage fees will accrue from the original sale date, if property is not physically picked up within 5 calendar days from receiving notification and or sale closing day. Prestige Auctions shall notify the winning bidder by email and or phone of any pending storage fees and their need to recover said units from the Prestige Auctions warehouse. Any unit unpaid and or paid for and determined to be abandoned by Prestige Auctions shall be treated as “Abandoned Property” and Prestige Auctions will initiate the process to sell the items to recover fees associated with the unit, which may included storage, administration, commission and other misc. fees. Items will be resold unreserved as “Bad Debt”, and if there is any short fall from the original invoice it will be the responsibility of the “Bad Debt” customer to pay for the short fall. For live auction sales, proxy bidding & phone bidding will be accepted for a 3% ‘proxy premium’ to a max of $500.
Terms Of Sale
If your offer is accepted or you place the winning bid in an auction, you must tender payment to Prestige Auctions within three (3) days following the close of the auction in which your offer was accepted or you placed the winning bid. Payment is required to be made in the form of a certified cheque, cashiers check, money order, cash, or a wire transfer of immediately available funds, and must be made payable to Prestige Auctions, for an amount equal to the full amount of the buyer’s winning bid plus listed transaction fee and any applicable sales tax and title transfer fees in Canadian Funds. You agree to pay for your purchase within three days of the closing date of the online auction, and you also agree to pick up your purchase within five days of online sale closing. In the event that your account is not paid in full, you consent to have Prestige Auctions to use any/all credit cards on file to balance the account. You authorize payment and agree for Prestige Auctions to collect funds on a credit card without verification of signature or pin number. Without limiting Prestige Auctions’s discretion, no corporate checks without a bank guarantee and no personal checks will be accepted. No title shall pass to the buyer until the total amount of the winning bid has been paid to Prestige Auctions in collected funds. If Prestige Auctions fails to receive the accepted offer or winning bidder’s payment on the third day following the close of the sale or auction in which the buyer submitted the accepted offer or winning bid, the accepted offer or winning bid shall be deemed null and void effective at 12:01 am Central Time on the following day. If the buyer defaults in making timely payment or in any other respect whatsoever, Prestige Auctions shall be held harmless against any and all related lawsuits and judgments arising there-from. You are responsible for paying the entire amount due on your purchase, including any applicable taxes, shipping and other charges. Shipping / Mailing smaller items will always be subject to a minimum $5.00 charge, or an increased fee at the discretion of Prestige Auctions staff. With respect to applicable taxes, Prestige Auctions will advise you subsequently of the exact amount of tax due on your purchase. If the item is not paid in full within the (3) day time period or if you, as a high bidder (buyer), convey to Prestige Auctions in any way that you are “backing out” of your responsibility to purchase a unit that you are the high bidder on with the reserve being met your bidding privileges will be revoked. However, Prestige Auctions reserves the right to remove or sell items if the item is deemed of no interest, and only if there has been no prior bidding activity on that lot. Prestige Auctions reserves the right to revoke a bid for any reason they deem important. The customer or agent of the customer acknowledges and understands that damages may occur during the loading and unloading service provided by Prestige Auctions By using www.Prestige Auctions or its affiliates the customer hereby releases Prestige Auctions from any and all liability associated to the loading and/or unloading service.
Terms Of Buy Now
If you initiate the BUY NOW option on a lot you must contact the office immediately and make a downpayment of 10% of the buy now price. The remaining amount must be paid in full within 24hrs of initiating the buy now option. The Buy Now option is no longer available after 9:00 AM closing day of the auction.
Modification Of This Agreement
Prestige Auctions reserves the right to amend this Agreement at any time. All modifications and amendments will be posted on the Prestige Auctions website, and you are responsible for regularly reviewing and understanding these modified or amended terms and conditions. Unless otherwise specified by Prestige Auctions or by law, any modifications or amendments shall be effective immediately upon posting to this site.
Links To And From Third Party Sites
Prestige Auctions may contain hyperlinks to web sites of affiliates and advertisers. These linked sites provide services of affiliates and advertisers who are independent of Prestige Auctions. Prestige Auctions provides these links to you solely as a convenience, and the inclusion of any link does not imply endorsement by Prestige Auctions of the site or any association with its operators. The linked sites are not under the control of Prestige Auctions and Prestige Auctions is not responsible for the contents of any linked site, including without limitation any link contained in a linked site, or any changes or updates to a linked site. Prestige Auctions is not responsible for web casting or any other form of transmission received from any linked site.
No Unlawful Or Prohibited Use
As a condition of your use of Prestige Auctions, you warrant that you will not use Prestige Auctions for any purpose that is unlawful or prohibited by this Agreement. You may not use Prestige Auctions in any manner that could damage, disable, overburden, or impair Prestige Auctions or any user of Prestige Auctions, or interfere with any other party’s use of Prestige Auctions.
It is your responsibility to determine whether the purchase of any listed item is legally permissible. Prestige Auctions is for the sale of bank repossessed and lease returned recreational equipment, farm equipment, business equipment, vehicles, agricultural & industrial equipment .
Use of Information Provided by Users to Prestige Auctions
When you register to become a user of Prestige Auctions, you provide us with information about you and your business. Prestige Auctions’s primary goal in collecting information is to facilitate the sale of an item listed on the Prestige Auctions website. You are sharing the information that you provide with Prestige Auctions alone, unless it is specifically stated otherwise. We also provide to buyers the information necessary to facilitate the sale or auction transaction between the buyer and Prestige Auctions Prestige Auctions may disclose from time to time aggregated user statistics that do not identify individual users in order to describe our services to prospective partners, advertisers, and other third parties, and for other lawful purposes. Prestige Auctions may disclose account information in special cases when we have reason to believe that disclosing this information is necessary to identify, contact or bring legal action against someone who may be violating Prestige Auctions’s Terms and Conditions of Use of this Site or may be causing injury to or interference with (either intentionally or unintentionally) Prestige Auctions’s rights or property, other Prestige Auctions users, or anyone else that could be harmed by such activities. Prestige Auctions may disclose or account information when we believe in good faith that the law requires it and for administrative and other purposes that we deem necessary to maintain, service, and improve our products and services.
No Professional Advice
Any information supplied by any employee or agent of Prestige Auctions, whether by telephone, e-mail, letter, facsimile or other form of communication, is intended solely as general guidance on the buying services offered through Prestige Auctions, and does not constitute legal professional advice
Prestige Auctions provides its products and services “as is” and without any warranty or representation as to condition, express or implied.
No Guarantee of Continuous Operation
Prestige Auctions will endeavour to use diligent and reasonable efforts to maintain the security and operational integrity of the website. However, numerous factors outside the control of Prestige Auctions may interfere with the operation of its web site, and accordingly, Prestige Auctions does not guarantee continuous, uninterrupted or secure access to its services.
Prestige Auctions is not responsible for any communication or transaction among users. As a user, you agree to release, indemnify and hold harmless Prestige Auctions and its officers and employees from any and all claims, demands and damages (whether actual and/or consequential), including reasonable lawyer’s fees, resulting from or associated in any way with your use of Prestige Auctions, your violation of this Agreement or any applicable laws or regulations, or your violation of any rights of another.
Right to Independent Action
Prestige Auctions reserves the right, in its sole discretion, to take any independent action it concludes is necessary or desirable to protect the interests of Prestige Auctions and eliminate or mitigate any potential liability or injury to any party which may arise.
The failure of Prestige Auctions to enforce any terms of this Agreement or respond to a breach by you or other parties shall not in any way waive its right to enforce subsequently any terms or conditions of this Agreement or to act with respect to similar breaches.
Site outage during auction closing time
In the event of a site outage during closing time, all auctions will be extended to noon the following day, pending return of the Prestige Auctions site.
Extension of Scheduled Closing Time
Prestige Auctions runs on a set closing date and closing time as listed on the individual lot. It also runs a server time, showing that according to that time the bidding will close. As a bidder, you have the right to believe if you are registered with high bid at that time, you will be either the successful purchaser or our sales team will deal further with you. However, in all fairness, Prestige Auctions reserves the right to extend the time limit, if bidders click their bid within the last 10 minutes. The server is set up to extend the closing time to 10 minutes after the last bid. For example, with a 12:00pm closing time, a new bidder clicks to bid at 11:59am, the bidding now does not close until 12:09pm.