Quote:
Originally Posted by -=Jeff=-
Eric,
I always wondered how that works for getting the car.. So once you win the auction for a vehicle, what are the steps that need to be taken before you get the car. meaning does the car have to stay at the Auction location until the very end?
I have never bought a car at an auction like thatbut I have watch Mecum Auctions at Bloomington Gold, so what happens after the 'win'
Thanks,
|
After the Hammer Drops:
A guy runs out with a clip board. There is a form in duplicate that has all the information on it, lot #, hammer price, auctioneer, operator (bidders assistant). He adds your bidder number and you sign that form. Now you accept the 'contract' to buy car. They give you the yellow copy. They keep the white. They instruct you that you need to pay by close of business day. You wonder around in a daze for 30 minutes and answer fun questions like "What do you do with a car you can't drive?" "wow that seems a lot for a car that doesnt run what makes it so special?" "my uncle had a steel corvette!" (the last one was a joke)
You take that slip to the business office. They assign you a closing agent who pulls the cars file and your bidder file......
Part 2 to follow... Gotta run up to the Auction to get it towed.
Eric