General Arbitration Policies:

The policies of this auction are intended to promote fair and ethical treatment to both the Buyer and Seller: If the auction determines that the transaction is not fair and ethical to either party, the Seller and the Buyer agree that the auction may cancel the sale, at its sole discretion. The Auction does not guarantee information listed in Electronic Data Vehicle Histories (i.e. Carfax, Auto Check, Etc) and will not arbitrate solely on EDVH data. The decision of the Arbitration Department is final and binding on both the Buyer and Seller: Arbitrations are limited to one per vehicle; therefore all concerns should be included in the initial arbitration claim. The auction reserves the right to assess a $50.00 arbitration fee to the Buyer if an arbitrated claim is deemed to be not valid. If the arbitration is valid, the auction reserves the right to assess a $50.00 arbitration fee to the Seller.

The buyer is responsible for listening to announcements related to the vehicle, made by the Auctioneer or representative, prior to the start of the sale for each vehicle.

Seller’s Responsibilities:

As to any vehicle consigned or sold at the auction, the Seller represents to the Buyer the following:

1. The condition, description, known defects, mileage and disclosure relating to the vehicle are accurate and fully disclosed. This includes announcing all vehicles with rebuilt, salvage or flood titles and/or vehicles that have a government title. All Livery vehicles must be announced at the time of consignment.
2. Sellers must disclose all mechanical problems.
3. The vehicle is properly offered for sale at the auction and all announcements/vehicle descriptions provided to the Buyer are accurate and complete. It is the Seller’s obligation to correct any errors as to the announced conditions, or descriptions.
4. Sellers are not required to certify mileage on vehicles that are considered “exempt” (vehicles over ten (10) years old under federal law (Sec. 7105, Public law 105-178 June 9, 1998) except in cases where the local or state laws supercede the federal requirements. However, Sellers may represent miles on exempt units- any statements made by the Seller and all known odometer discrepancies are grounds for arbitration.

Buyer Responsibilities:

1. The buyer will inspect the vehicle prior to the sale. The Buyer must verify the seller’s representations and notify the auction immediately of any discrepancies within the time frame as stated in this arbitration policy. Buyer will examine the VIN, model, year, and verify odometer before leaving.
2. The buyer understands that sellers are not required to certify mileage on vehicles considered “exempt” (vehicles over ten (10) years old) under federal law (Sec 7105 Public Law 105-178 June 9, 1998.) except in cases where the local or state laws supersedes the federal requirements.
3. The Buyer will follow Auctioneer’s cadence on price- any misunderstanding concerning price must be addressed prior to signing the Bill of Sale.
4. The Buyer will inform the Auction immediately of any discrepancies as to the Seller’s representations, warranties and descriptions. Please be aware that items written on a vehicle by the Seller are a representation and subject to arbitration. Arbitration will be limited to the specific defects described by the Buyer upon placing the vehicle in arbitration.
5. The Buyer will pay the bid price plus a Buyer’s fee as posted and any and all other applicable fees.
6. The Buyer agrees that vehicles returned to Auction must be returned in the same or better condition than when purchased. Buyers may be charged for excessive mileage and/or damages, which will be determined by the Auction.

“AS-IS” Vehicles:

Vehicles that meet any one of the following conditions are sold “AS IS” and are NOT subject to arbitration for ANY reason, except frame/unibody and title.

1. Any vehicle sold for $1000.00 or less.
2. Recreational vehicles, boats, buses, motorcycles, dune buggies, trailers, snowmobiles, jet skis, antiques and kit cars. These vehicles are also exempt from arbitration for frame/unibody damage, mileage, hours, and year model discrepancies.
3. Vehicles pushed or towed thru auction.

Auction Policy Addendums:

1. All inoperable vehicles sold; by being towed/pushed through the auction lane, or auctioned outside while parked on spot, are considered to be a final “AS IS/ Where Is” auction sale and are not subject to arbitration for any reason.
2. The decision of the Auction Management shall be final in all disputes.

Seller Guarantee:

This represents that the Seller is stating the engine and transmission and differential are in good working order and you have twenty four hours and with a maximum of 125 miles driven to let us know of any problems. If you are disputing a Seller Guarantee, you must have an inspection done at Chicago Car Auction Inc. If you, the buyer are incorrect about the problem you will be responsible for the inspection fee of $50.00 to Chicago Car Auction. If you, the buyer are correct about the problem then the inspection fee shall be waived. The repair to the vehicle must be $350.00 or more for us to consider returning the vehicle.

AS-IS:

This represents that you are purchasing this vehicle with all faults.