Auction Information Links

STRUCTURAL DAMAGE POLICY

1. Seller's Disclosure Requirements - Seller must disclose structural damage, repairs or replacement as outlined in this policy prior to selling a vehicle at auction. The recommended declarations are:
   1. Structural Damage - The vehicle has structural damage and/or repairs and will not be subject to arbitration under this policy.
   2. Certified Structural Repairs - The vehicles has sustained damage to a specifically identified structural component, which has been repaired, and the vehicle has bee certifies to be within the Used Vehicle Measurement Standard (UVMS). The vehicle, if properly announced, may be arbitrated only for improper repair of the designated area, existing damage or repairs to other areas, or failure to be within the UVMS (see Paragraph C)
   3. Structural Alteration - The vehicle has an altered frame or unibody as specifically announced. The vehicle can be arbitrated only for damage or repairs to structural components other than those disclosed or in the event of improper alteration. Such a disclosure should be made for the following alterations, unless they are clearly obvious by the appearance of the vehicle:
      1. Frame lengthened or shortened.
      2. Suspension altered.
      3. After market accessories installed/removed.
      4. No disclosure is required for properly installed towing package.
2. Seller's Disclosure Not Required - No declaration would be required for existing insignificant damage or repair thereof. Insignificant damage is defined as:
   1. Damage due to transport tie-down, improper jacking or lifting or contact with parking abutments and/or road debris, provided that the vehicle is within the UVMS.
   2. Damage solely to glass or bolt-on components.
3. Use Vehicle Measurement Standard - For purposes of arbitration under this policy the Used Vehicle Measurement Standard (UVMS) specifications are:
   1. The vehicle will measure to a tolerance of no more that +/- 8mm of published specifications in length, width and height at all master control points; and
   2. Symmetrically (comparative measure from side to side and point to point) the length, width and height must measure to a total tolerance of no more that 6mm. In each case the fender to door, door to door, and/or door to quarter panel gaps must indicate proper fit of the panels.
4. Measurement of Vehicles - Auction will have a vehicle measured at a facility of its choice. Prior to measurement a vehicle must first visually indicate a physical condition to warrant the measurement. Purchaser will agree to pay for this measurement if the vehicle is within the UVMS.
5. Arbitration period - Buyer must arbitrate improperly disclosed structured damage within 5 working days including sale day. PLEASE NOTE: ALL BANK VEHICLES SOLD ALLOW YOU ONLY 24 HOURS TO ARBITRATE FRAME DAMAGE WHETHER OR NOT ANNOUNCED AT TIME OF SALE.
6. ANY VEHICLE ANNOUNCED "NO-ARBITRATION" INCLUDES FRAME DAMAGE, AIR BAGS DAMAGED AND/OR DEPLOYED AND MECHANICAL.
7. Lemon Law vehicles must be announced.
8. Buyer's Reimbursement by Seller - In the event of improperly disclosed structural damage the Seller will be responsible to reimburse the Auction for:
   1. The actual price of the vehicle;
   2. Seller and Buyer fees;
   3. Inspection and arbitration fees incurred; and
   4. Transportation costs from the buyer's dealership.