Terms

Terms and Conditions (Subject to Change)

PASSENGER VEHICLES TIERED WITH ADMIN FEE

From Bid Amount	To Bid Amount		Tiered Buyer's Premium Amount		Admin Fee Amount Added
$0	$999	=	$99	+	$149
$1000	$1499	=	$199	+	$149
$1499	$1999	=	$299	+	$149
$2000	$2999	=	$399	+	$149
$3000	$3999	=	$499	+	$149
$4000	$4999	=	$599	+	$149
$5000	$5999	=	$699	+	$149
$6000	and above	=	12% of Bid Price	+	$149

FLEET & HEAVY EQUIPMENT ADMIN FEE

NONRUNNING / STATIONARY ADMIN FEE

TOYS (Boats, RVs, Motorcycles, Golf Carts) TIERED ADMIN FEE

From Bid Amount	To Bid Amount		Admin Fee Amount Added
$0	$499	=	NO FEE
$500	$999	=	$99
$1,000	and above	=	$149

VEHICLES & COMMERCIAL EQUIPMENT TERMS

PRE-AUCTION REGISTRATION AND BIDDING

PLEASE make sure to familiarize yourself with all of our terms and conditions, as you are agreeing to them when participating in our auction. If you don’t agree or don’t understand any of our terms and conditions, PLEASE contact Sierra for further clarification or DO NOT BID!

BIDDER DECLARATION

BY PARTICIPATING IN ANY OF OUR AUCTIONS I (the client) UNDERSTAND AND ACCEPT THE TERMS AND CONDITIONS AS PRESENTED BELOW, ESPECIALLY THE KEY TERMS THAT ALL ITEMS ARE SOLD AS IS, WHERE IS, WITH NO GUARANTEES OR WARRANTIES. I AM SOLELY RESPONSIBLE FOR DETERMINING THE IDENTIFICATION, CONDITION, AND/OR USE OF ALL ITEMS PURCHASED. REFUNDS WILL NOT BE ISSUED AS A RESULT OF ANY DESCRIPTIVE ERROR GIVEN BY THE AUCTIONEER OR AS A RESULT OF MY FAILURE TO PROPERLY IDENTIFY THE ITEM, ITS CONDITION OR USABILITY. I ACKNOWLEDGE THAT SIERRA IS NOT LIABLE FOR ANY INJURY OR LOSS TO MY GUESTS OR ME.

If you register for any of our auctions through Sierra Auction and DO NOT meet the criteria for bidding, we may require a $100-$500 deposit hold in order to participate in our auctions. This registration deposit hold is NOT available as part of the purchase and will be released upon either payment in full, or if you are a non-winning bidder in the auction. This can take up to 30 days depending on YOUR bank to release.

Per city code, if you are a City of Phoenix or a City of Tempe employee, you are not permitted to bid on any City of Phoenix or City of Tempe assets, either knowingly or unknowingly. By participating in our auction, you are agreeing to this restriction & will abide by it.

WINNING BIDDERS – PLEASE READ!

If you are the winning bidder of an item in a vehicle or commercial equipment auction, a $250 non-refundable deposit for each winning bid is REQUIRED and WILL BE proactively charged to your credit card on file as well as applied to your invoice. By registering for our auction, you are providing authorization for Sierra to complete this deposit transaction. If the card is declined, your bidding account will be placed on temporary hold and you will be contacted to arrange payment of this deposit. To ensure a seamless bidding experience, please be sure to have a credit card on file with Sierra Auction that has enough funds available to cover the anticipated deposit(s) for your bids.

Payment is due by 3:00 pm on the date specified in your invoice email instructions. Sierra reserves the right to charge late payment fees and storage fees beyond this deadline.

If buyer fails to fulfill his obligation of any of these terms and conditions in their entirety, your non-refundable deposit of $250, AND any additional amounts (if applicable) that add up to 14% of your high bid will be kept as a renege fee. The additional amount will be charged to the same credit card to complete the entire penalty for breaching the purchase contract. In addition, your bidding status with Sierra Auction may be revoked depending on the circumstances of the transaction.

SALES TAX EXEMPTION QUALIFICATIONS

Sales Tax will be charged on all purchases, unless Sierra has on file or receives prior to the auction (1) Sales Tax Exemption Certificate acceptable to Sierra and to the State of Arizona, (2) COMPLETED Arizona Form 5000A, and (3) a separate automobile dealer exemption certificate/license if you purchased a titled asset. (4) Letter of Authorization, if you are not the company owner. You will not be granted tax exemption post-sale if these forms are not completed to the satisfaction of Sierra. Customers and/or Buyers will ONLY be tax exempt for those assets which are listed on the Form 5000A. Non-dealer out-of-state buyers who intend to register the vehicle outside of Arizona will be required to fill out a AZ form 5010 or 5011 depending on their circumstances and, if acceptable, state sales tax will be waived partially or in full. The buyer in this scenario is still required to pay the city and county taxes where applicable.

Please make sure you have a PAID invoice on your mobile device or printed out before coming to pick up assets. You will receive a PAID invoice via email once your payment has been received, cleared, and processed. Please note that some bank transfers/wires take up to 24 hours to receive. The quickest way for payment to be cleared is via Zelle, Chase Direct Deposit, or by Credit Card.

Tiered Buyer's Premium (Vehicles and Commercial Equipment)

From Bid Amount	To Bid Amount		Tiered Buyer's Premium Amount
$0	$999	=	$99
$1000	$1499	=	$199
$1499	$1999	=	$299
$2000	$2999	=	$399
$3000	$3999	=	$499
$4000	$4999	=	$599
$5000	$5999	=	$699
$6000	and above	=	12% of Bid Price

**City of Tempe assets are sold with a flat 12% Buyers Premium. Pima County assets are sold with a flat 10% Buyers Premium. The tiered structure does not apply to these assets.

ADDITIONAL FEES

VEHICLES & COMMERCIAL EQUIPMENT:

• 2% additional fee for bidding online is applied per lot (min. $50)
• Sales Tax (if applicable) applies to bid price and Buyer's Premium – see rates below
• Sales Tax: 8.6%
• Credit/Debit Card Payments – 3% of total invoice price
• Late Payment Fee (if applicable): 3% of the remaining invoice balance amount per DAY after 3:00 pm on the date payment is due. Payment due date is identified in the invoice email sent after the auction ends.
• Storage fee (if applicable): $20 per day per lot until picked up, beginning after 3:00 pm on the date payment is due. Payment due date is identified in the invoice email sent after the auction ends.

PAYMENT METHODS

CREDIT OR DEBIT CARD (3% fee)

• A copy of a valid ID and a signed Bidder Agreement which encompasses a chargeback waiver is required to pick up all paid in full assets.
• Must have a Valid ID that will be copied/photographed
• Address of Credit Card and ID must be the same
• 3% of the total invoice price will be added to your credit card total
• MUST be initiated by the cardholder through our online portal
• Sierra will not proactively charge a credit card for a purchase made at any of our auctions

CASH EQUIVALENTS (no additional fee)

Direct Deposit - into one of our bank accounts (Bank of America or Chase). Please refer to invoice and email instructions

Wire Transfer – Please refer to invoice and email instructions

Checks – personal or business ARE NOT ACCEPTED! Cashier's checks can be deposited to Bank of America or Chase.

Credits on Account:  Sierra provides refunds to buyers in the form of a credit when the amount is $50 or less.  The credit will display in your Sierra Auction Account and can be used as payment for any future auction events within 365 days of it being issued.  If the credit is not used during that time, the amount is forfeited and removed from your account balance.

All payments must be received by Sierra Auction no later than 3:00 pm on the day payment is due per the invoice email instructions. Sierra reserves the right to charge late payment fees and storage fees beyond this deadline. Sales Tax will be charged on all purchases, unless Sierra has been provided with a valid and legal Resale Tax License and completed Arizona Form 5000A Tax Exempt Certificate PRIOR to the auction sale date. NO EXCEPTIONS!

Sierra retains all its legal rights, including, but not limited to suing Buyer to compel specific performance, and/or declaring the Buyer in breach of contract retaining the deposit and barring the Buyer and Buyer’s agents from all future auctions. Sierra, at its sole discretion may offer the goods for sale in a private sale or any future Sierra auction. Buyer shall be responsible for any deficiency, including late payment fees and storage fees. Buyer shall have no right to any excess funds such sale may generate. Sierra reserves the right to change the fee structure, refuse to accept certain credit cards, and/or require cash payments in its sole discretion. If you are unsure of our payment policy, please don't hesitate to contact our office PRIOR TO bidding.

AUCTION PREVIEW

IT IS HIGHLY RECOMMENDED THAT BUYERS DO THEIR DUE DILIGENCE BEFORE PLACING BIDS. THIS INCLUDES PHYSICAL PREVIEW, STARTING AND OBSERVING VEHICLES, HISTORY REPORTS, AND MARKET REPORTS. SIERRA OFFERS PUBLIC IN-PERSON PREVIEW THE FRIDAY BEFORE EACH AUCTION EVENT. IT IS THE BUYER’S RESPONSIBILITY TO PLACED INFORMED BIDS BASED OFF THEIR DUE DILIGENCE. IF YOU ARE UNSURE OF THE UNIT’S CONDITION, PLEASE DO NOT BID. DUE TO ADVANCES IN COMPUTER DIAGNOSTIC TECHNOLOGY AND FOR THE PROTECTION OF CONSIGNOR ASSETS, SIERRA AUCTION WILL NO LONGER BE ALLOWING OUTSIDE OBD 2 DIAGNOSTIC SCANNERS ONSITE. THIS INCLUDES HANDHELD SCANNERS, POCKET SCANNERS, BLUETOOTH SCANNERS, AND LAPTOP COMPUTERS. WE DO UNDERSTAND THIS IS AN INCONVENIENCE SO MANAGEMENT HAS OBD 2 DIAGNOSTIC COMPUTERS AVAILABLE TO CHECK-OUT FOR FREE. A PHOTO ID IS REQUIRED TO CHECK THE SCANNERS OUT AND MUST BE RETURNED IN A REASONABLE AMOUNT OF TIME. YOUR COOPERATION IS GREATLY APPRECIATED.

DEFINITION OF TYPES OF AUCTION SALES

Passenger Vehicle Sale - Vehicles that are traditionally driven through an auction lane for buyers to see. Due to restrictions and new online-only auctions, these vehicles are not driven through a lane open to the public. These vehicles are driven at slow speeds onsite while processed in and buyers can have a level of confidence that the vehicle can move forward/backward. Under NO circumstances does Sierra warrant that these vehicles are free from defects in the engine, transmission, or drive train.

Non-Runner/Stationary Sale - Those vehicles sold with or without a key and either cannot be started or have been deemed unsafe to be driven or undriveable. Vehicles in this category could include engine problems, missing parts, collision vehicles, or virtually any other issue that would cause a vehicle to be a non-runner.

Fleet and Heavy Equipment Sale – these vehicles and other assets are in various running and driving condition. Units may have missing parts and are non-running or may have been fleet maintained and in good working order. It is highly recommended that these units be inspected prior to bidding to ensure confidence placing bids.

Boats, RVs, Motorcycles, Carts Sale – these vehicles and other assets are in various running and driving condition. Units may have missing parts and are non-running or may have been fleet maintained and in good working order. It is highly recommended that these units be inspected prior to bidding to ensure confidence placing bids.

ALL Vehicles Are Sold AS IS WHERE IS, without WARRANTIES OR GUARANTEES OF ANY KIND. Sierra is a state-licensed Public Consignment Auction Dealer and is exempt from providing warranties of any kind or selling vehicles with a passing emissions statement.

TITLE INFORMATION

TITLE DELAY: Title is in process with the consignor or MVD. It may take up to 30 days to arrive.

Arizona specifically identifies odometer mileage and brand of the cars on the title as one of each of the following categories:

Odometer:

• BOX A – Actual Mileage.
• BOX B – Mileage exceeds the mechanical limits of the odometer.
• BOX C – True Mileage Unknown.

Brand:

Left blank – no brand, which means the State of Arizona has not recognized an incident to this vehicle that would brand it a salvage vehicle. This in NO WAY means that the state has not erred in recognizing a vehicle’s previous salvage brand in another state. Please do your DUE DILIGENCE in researching the title status of a vehicle prior to bidding.

Restored Salvage – vehicle was previously salvaged and has been brought up to a road-worthy status per state regulations and requirements.

Salvage – vehicle has had one or more incidents (such as a total loss from theft/recovery, flood/water damage, fire, severe accident) such that its condition requires the state to brand the vehicle as not road-worthy.

Please be aware that titles are mailed to your invoice address once payment is made and has cleared our bank. If available, titles can be picked up on Monday one week after the auction has ended. Some titles may take up to 30 days to receive in the mail. While this may not be the case on all titles, please understand the processing time.

AUCTION DAY INFORMATION

Reserve Not Met - This means that the item has a reserve price amount that must be met before the item can be sold. If the item does not meet the reserve amount requirement the last bid may be offered to the seller and the vehicle could be then sold through the offer/acceptance process in which both parties agree to the final bid price.

ERRORS IN BIDDING

If you make a bid error you must contact Sierra Auction before the start of the auction to have your bid removed at 602-242-7121. NO REFUNDS FOR BIDS MADE IN ERROR WHILE THE AUCTION IS ONGOING OR AFTERWARD. Operator error, keystroke mistakes, misunderstanding of auction structure, and other errors are the bidder’s sole responsibility. Remember, those who use your account to place bids are ultimately your responsibility – authorized or unauthorized use of your account to bid is still your responsibility.

GENERAL TERMS

Sierra Auction Management, Inc. ("Sierra") is acting as an auctioneer-agent for many cities, counties, the State of Arizona, many large and small companies and people just like yourself that are seeking to sell items they no longer need. Sierra may act as a Principal, Buyer or Seller in the sale of some items. Sierra is not responsible for the actions of its consignors and/or principals.

A Valid ID is required to register, pay, and pickup at all Sierra Auction locations. This ID is verified through our online bidding registration process.


AUCTION TERMINOLOGY

It is the responsibility of the bidder to understand the manner in which items are being sold. THE BIDDER MUST UNDERSTAND WHAT HE/SHE IS BIDDING ON AND HOW IT IS BEING SOLD; IF NOT, ASK OR DO NOT BID!

ANNOUNCEMENTS - Any announcements made by Sierra staff or auctioneers on the day of the live online simulcast auction shall take precedence over any previously distributed information or advertising. By participating in the auction, you have agreed to abide by these announcements. You are responsible to have your audio on and listening to the auctioneer announcements prior to the start of the auction, and have agreed to abide by any changes made with your registration and active participation.

ADDITION TO OR WITHDRAWAL FROM SALE - The auctioneer reserves the right to withdraw from the sale any property listed and also to add property not listed to the sale. Also, the auctioneer may group lots or subdivide lots in order to benefit the seller.

ALL SALES ARE FINAL. ALL ITEMS ARE SOLD 'AS IS-WHERE IS,' WITH ALL FAULTS AND WITHOUT WARRANTIES. Catalog, web, and ad descriptions are NOT GUARANTEED. Sierra is not liable for any errors, omissions, or inaccuracies in the catalog or other written or verbal descriptions even if caused by Sierra’s gross negligence. Bidders are responsible to thoroughly inspect items before bidding and to satisfy themselves of such matters as to suitability, marketability, completeness, year, make, model, and/or condition. IF YOU ARE UNSURE AS TO ANY MATTER, SIERRA URGES YOU NOT TO BID. YOU MAY NOT RELY ON SIERRA’S DESCRIPTIONS OR INFORMATION, WRITTEN OR VERBAL. The auctioneer reserves the right to reject any and all bids. Since Sierra Auction discloses ALL fees upfront, it is your responsibility to bid up to a number with which you are comfortable. You control how much you are willing to pay for an item. All auction sales will be recorded by audio and/or in writing. This recording of the bidder’s number and the bid amount shall be prima facie evidence of the circumstances of the sale, and all disagreements will be resolved with this record. Please know your bidder or paddle number given to you at the time of registration. Please confirm the auctioneer correctly states your bidder number and the final bid amount. Sierra is not responsible for any loss or damage to any sold auction items. Title (ownership) and risk of loss or damage transfers to Bidder as soon as each individual lot is sold, subject only to Sierra’s right to reconcile the auction. Errors by auctioneer shall make the sale voidable at auctioneer’s sole discretion. Sierra is not responsible for accidents, damages or stolen goods. All counts are approximate. Purchaser should monitor their purchases during the auction; if it is damaged or missing it is the bidders’ responsibility. Sierra urges all Bidders to remove all lots from the auction site as soon as possible and highly recommends removal occur no later than the close of business on the first available load-out day, with safety and security as the top considerations. ABSOLUTELY NO REFUNDS.

REMOVAL OF PURCHASED ITEMS - Sierra does not offer storage services. No item may be removed from the auction site until it is paid for in full and partial payments will be considered additional non-refundable deposits towards the purchase. To avoid daily storage fees, all lots must be removed from Sierra’s facility by the date specified in the invoice email sent post-auction. In certain situations, Sierra, in its sole and exclusive judgment, may allow certain lots Sierra deems difficult to move to be removed on date mutually agreed upon. A DAILY STORAGE PENALTY of $20.00 per day shall be charged for all lots not removed by the specified removal date. Any item not removed within 72 hours following the removal date or the mutually agreed upon date will become the property of Sierra, WITHOUT EXCEPTION. Buyer is solely responsible for the safe removal of all their purchases. Sierra, at Buyer’s request, and in its sole discretion, may assist Buyer in the removal of its goods. Buyer may be charged Sierra’s current hourly rate per workman and forklift or other equipment utilized. In the event any work is requested after 3:00 PM or on non-standard Sierra workdays, Sierra may charge Buyer 1.5 times its standard hourly rate. Buyer shall hold Sierra, its employees, officers and directors harmless for any and all damage, injury or liability regarding the removal of its purchases, notwithstanding Sierra assistance in item removal. All lots and purchases must be removed in full.

It is the customers responsibility to load out and remove all items from a Vehicle or Commercial Equipment auction event. Sierra Auction does offer local delivery options at an additional price, please contact the vehicle manager for details and pricing.

Your shipper is responsible for the vehicle's condition after loading and removal from Sierra's lot. Transporters must notify Sierra Management of any defects or unknown damage prior to removing vehicle. Please be sure to communicate with your shipping company to ensure a smooth transition.

INJURY - All persons arriving at Sierra’s locations for preview or load-out are notified that an auction site is a potentially hazardous place. Flammable, noxious, corrosive and pressurized substances are present, heavy equipment is being operated and electric circuits may be live. Every person at the auction site before, during and after the sale shall be deemed to be there at his or her own risk with notice of the condition of the premises, the activities on the premises, and the conduct of third parties. All registered bidders shall so advise their guests, agents, and employees. NO PERSON(S) SHALL HAVE ANY CLAIM AGAINST SIERRA, ITS EMPLOYEES, AGENTS, AUCTIONEERS, CONTRACTORS, OFFICERS, OR PRINCIPALS FOR ANY INJURIES SUSTAINED, OR FOR DAMAGES TO OR LOSS OF PROPERTY OR PROFIT WHICH MAY OCCUR FROM ANY CAUSE WHATSOEVER.

No Children under the age of 16 are permitted on property. Persons attending during preview, exhibition, sale, or removal of goods assumes all risks of damage of or loss to persons and/or property and specifically releases the auctioneer from liability therefore. Neither the auctioneer nor his principal shall be liable by reason for a defect in or condition of the premises on which the sale is held.

SELLER CONFIRMATION AND UNRESERVED ITEMS: Sierra’s policy allows our consignors to determine if they wish to place a minimum reserve or "Seller's Confirmation” on any lot. All reserved items are noted in the description as "Pending Seller Confirmation" or some other similar language that identifies the asset as having a reserve. If a reserve amount is not met through the normal course of the auction, the Auctioneers are given the authority to adjust the bid price on these assets and ask bidders to meet the minimum reserve. You and you alone as an auction participant determine what you are willing to pay for any asset. Please stop bidding if you feel you have reached your maximum comfort level. All other non-reserved lots will be sold to the highest bidder. However, Sierra reserves the absolute right, at its sole and exclusive judgment, to withdraw any lot from sale, or add new lots to the sale at any time up to the item being declared sold.

3-DAY TEMPORARY VEHICLE TAGS: Temporary Vehicle Tags can be printed out from AZMVDNow's website at azmvdnow.gov/home. It is the buyer's responsibility to have temporary tags printed before arriving to the auction. 

ARBITRATION: In the event a dispute shall arise between the parties, it is hereby agreed that the dispute shall be referred to an accredited arbitration service at the sole discretion of Sierra. All arbitration cases shall be in Phoenix, AZ, and held in accordance with the applicable Rules of Arbitration. The arbitrator’s decision shall be final and legally binding and judgment may be entered thereon. Each party shall be responsible for its share of the arbitration fees in accordance with the applicable Rules of Arbitration. In the event a party fails to proceed with arbitration, unsuccessfully challenges the arbitrator’s award, or fails to comply with the arbitrator’s award, the other party is entitled to costs of suit, including a reasonable attorney’s fee for having to compel arbitration or defend or enforce the award.

SURPLUS AUCTION TERMS & CONDITIONS

 

All persons participating in a Sierra Auction Management, Inc. auction agree to be bound by the terms and conditions hereinafter, which shall form a binding contract between the participants and Sierra Auction Management, Inc. If you disagree with or do not understand any of these terms, you are not permitted to bid in any Sierra Auction Management, Inc. auction event.

Buyer’s Premium: 15%

Sales Tax: 8.6% - Sales tax applied to bid amount plus Buyer’s Premium.

Credit Card Convenience Fee: A 3% Convenience Fee is applied to all Credit Card and Debit Card Payments.

Payment: At the conclusion of the auction winning bidders will receive an e-mailed invoice. Payment is due in full by 3pm on the Wednesday following the auction. Accepted forms of payment include Visa, MasterCard, Discover, American Express, Bank Deposit, Wire Transfer and Zelle Pay. Payments of any kind are not accepted at Sierra Auction facilities. Sierra Auction does not accept cash, personal checks, nor business checks.

Credits on Account:  Sierra provides refunds to buyers in the form of a credit when the amount is $50 or less.  The credit will display in your Sierra Auction Account and can be used as payment for any future auction events within 365 days of it being issued.  If the credit is not used during that time, the amount is forfeited and removed from your account balance.

Renege Fee: If buyer fails to fulfill his obligations of any of these terms and conditions in their entirety, the items on the bidder’s invoice may be considered abandoned and the bidder will be in breach of the purchase contract and the bidder’s credit card on file with Sierra Auction Management, Inc. will be charged the amount of the bidder’s invoice up to $200 plus an additional 3% convenience fee. If the bidder’s invoice is over $200, the bidder will be charged a 17% renege and a 3% convenience fee with a minimum of $206 ($200 + 3% convenience fee). In addition, the bidder’s ability to bid with Sierra Auction Management, Inc. may be revoked.

Late Payment Fee: 3% of the remaining invoice balance amount per day after 3:00 pm on the Wednesday following the auction. Late payments will only be accepted if arrangements for a late payment are made in advance.

Any payments made after the deadline without prior late payment arrangements will be applied to the renege fee and remaining amounts will be returned to the buyer.

Storage Fee: $10 per day per lot until removed, beginning at 3:00 pm on Wednesday following the auction. Storage must be arranged with the surplus manager by 3pm Wednesday following the auction for any items left at any Sierra Auction facility and the storage fee must be paid in advance. Items remaining on site after Wednesday without a storage agreement will be considered abandoned and disposed of by Sierra Auction Management, Inc.

Merchandise becomes the full responsibility of the buyer at the time of payment and the buyer assumes all risk of loss and damage to property at that time.

This is an Online Bidding Only auction, please do not bid if you are unable to pick up your items within the scheduled removal dates and times. No refunds or chargebacks will be granted due to lack of removal by the designated date. Items not removed by the designated removal date will be considered abandoned and disposed of by Sierra Auction Management, Inc.

LOAD-OUT: Monday thru Wednesday following the auction from 8am-3pm. Please Note: Loading of assets are the responsibility of the buyer and that Sierra Auction Management, Inc. and/or its employees are held harmless or free of liability should we assist in load out.

Locations:

4298 North 35th Drive, Phoenix, AZ 85019
3911 North Highway Drive, Tucson, AZ 85705

Shipping Instructions: Bidders are responsible for the shipping of all items purchased.

GENERAL TERMS AND CONDITIONS:

1. Per city code, if you are a City of Phoenix or a City of Tempe employee, you are not permitted to bid on any City of Phoenix or City of City of Tempe assets, either knowingly or unknowingly.

2. Sales Tax Exemption Qualifications: Sales Tax will be charged on all purchases, unless Sierra Auction Management, Inc. has on file or receives prior to the auction (1) Sales Tax Exemption Certificate acceptable to Sierra Auction Management, Inc. and to the State of Arizona, (2) COMPLETED Arizona Form 5000A, and (3) notarized Letter of Authorization, if you are not the company owner. You will not be granted tax exemption post-sale if these forms are not completed to the satisfaction of Sierra Auction Management, Inc. Customers and/or Buyers will ONLY be tax exempt for those assets which are listed on the Form 5000A. Out-of-state buyers are tax-exempt ONLY when Sierra Auction Management, Inc. has obtained their state’s Tax Exemption paperwork and a completed AZ 5000A form.

3. Every asset is being sold "as is", including any and all defects, and without warranties or guarantees, express or implied. ALL SALES ARE FINAL. Sierra Auction Management, Inc. is not responsible for missing or broken items after the auction has ended. ABSOLUTELY NO REFUNDS.

4. Sierra Auction Management, Inc., its owners, employees, and agents act merely as agents for Sellers. Statements regarding the description and condition of assets may be made by the owners, employees and agents of Sierra Auction Management, Inc. including those made on its website, advertising, auction materials, and at the auction itself, are based on a rudimentary inspection. Sierra Auction Management, Inc. shall not be responsible for the correct description, authenticity of, or defect in any lot, and makes no warranty in connection therewith. The bidder understands that statements by Sierra Auction Management, Inc. are not intended to be relied upon by the bidder, may contain errors, and the bidder agrees that he/she is not purchasing in reliance on those statements. For demonstration purposes, various pieces of equipment may be joined together. Do not assume a lot consists of more than one item simply because they are connected/photographed together. You are bidding on the item as it is described and not the entirety of all items that may appear in the photo. Sierra Auction Management, Inc. makes an effort to ensure the descriptions are accurate and the photos match as well. However, an error can occur in the listing and in that case, it will be the description and not the photo that will be the item won.

5. Every asset is available for inspection prior to the auction, and that it is the sole responsibility of the bidder to determine the condition of an asset prior to purchase. The bidder must understand what he/she is bidding on, how it is being sold and all fees and taxes associated.

6. ADDITION TO OR WITHDRAWAL FROM SALE: The auctioneer reserves the right to withdraw from the sale any property listed and add property not listed to the sale.

7. By making a bid, the bidder is making an offer to purchase the asset at the bid price, which if accepted, forms a binding contract to purchase the asset between Sierra Auction Management, Inc. and you the bidder. You the bidder understand that any such contract includes the terms in this Acknowledgement. Auctioneer reserves the right to reject or void any Auction bid, whether winning or otherwise, that it believes, in its sole discretion, (i) has been made in bad faith, (ii) is intended to manipulate the Auction listing and sale process, (iii) violates any applicable law or regulation, or (iv) results from an online marketplace outage, failure, error, or delay.

8. Timed Auction and Staggered Closing. This auction will feature timed auction bidding. EXAMPLE: Bidding will start to close at 5pm on Sunday with lot #1000. Bidding will close at 10 items per minute, until all items are closed. Bidders may want to set a Max Bid or watch the bidding. If an asset receives a bid within the last minute the item may remain open an additional 2 minutes until no additional bids are received on that asset.

9. Purchases may not be removed from the premises until payment is received in full and all required documentation has been properly completed. You, the bidder, understand and agree that purchased property will not be released from the premises until the funds are received and cleared by our banking institutions.

10. Person purchasing and whose name is on invoice must pick up. If sending a representative to pick up for you, you must provide a signed Bidder Agreement, a copy of your valid ID or Driver’s License, and the name of the person picking up to email cashiers@sierraauction.com

11. All bidders must be 18 years of age or older and must possess a valid state issued ID.

12. RESERVES: All assets are sold without reserve unless specifically stated otherwise. Sierra Auction Management, Inc., at their discretion may place a proxibid on behalf of the seller, lienholder or pre-approved absentee bidder.

13. INTERRUPTION OF SERVICE: Sierra Auction Management, Inc, shall not be held responsible for any interruption in service, errors, and/or omissions, caused by any means and does not guarantee continual, uninterrupted, or error-free service or use of its website. Technology can and does fail. The bidder acknowledges that this auction is conducted electronically and relies on hardware and software that may malfunction without warning. Sierra Auction Management, Inc., in its sole discretion, may void any sale, temporarily suspend bidding and re-sell any items or lots that Sierra Auction Management, Inc.’s discretion affected by any malfunction.

14. GOVERNING LAW; JURISDICTION: all matters arising out of or relating to these purchaser terms are governed by and construed in accordance with the internal laws of the state of Arizona without giving effect to any choice or conflict of law provision or rule (whether of the state of Arizona or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than those of the state of Arizona. Each party irrevocably and unconditionally agrees that it will not commence any action, litigation, or proceeding of any kind whatsoever against any other party in any way arising from or relating to these purchaser terms and all contemplated transactions in any forum other than the courts of the State of Arizona sitting in Maricopa County, Arizona. Each party irrevocably and unconditionally submits to the exclusive jurisdiction of such courts and agrees to bring any such action, litigation, or proceeding only in the courts of the State of Arizona sitting in Maricopa County, Arizona. Each party agrees that a final judgment in any such action, litigation, or proceeding is conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.