AmbitiousWeb2016-07-21T09:24:22-07:00All original titles should be at the auction before auction day. The registration should be current or on a current non-op status. The seller should be listed on the front of the title, or bill of sale(s) to follow the chain of ownership. We can help you resolve any title issues.
The original title does not need to be signed. The consignment agreement gives us power of attorney to sign the title on your behalf.
What do I need to bid at the auction?
AmbitiousWeb2016-10-03T16:00:51-07:00You will need to register to bid either in person (on site) or on-line first, and obtain a bidder number. The bidder number is unique to the chosen method of bidding. In other words, you cannot register on line and use that bidder number on site, and vice versa. A valid driver’s license or passport is required.
What is a 1031 or Tax Free Exchange?
AmbitiousWeb2016-07-21T09:23:07-07:00The term “Tax Free Exchange” is a reference to Internal Revenue Code 1031. This allows taxpayers to replace equipment and/or vehicles with similar pieces, in what is referred to as a “Like Kind Exchange”, without paying federal income tax on the transaction. Certain criteria need to be meet, please check with our sales representatives for details. A “Reverse Exchange” is a possibility, if you’ve already purchased the replacement pieces.
What is a 1031 or Tax Free Exchange?
AmbitiousWeb2016-07-21T09:37:38-07:00The term “Tax Free Exchange” is a reference to Internal Revenue Code 1031. This allows taxpayers to replace equipment and/or vehicles with similar pieces, in what is referred to as a “Like Kind Exchange”, without paying federal income tax on the transaction. Certain criteria need to be meet, please check with our sales representatives for details.
What type of equipment do you auction?
AmbitiousWeb2016-07-21T09:19:45-07:00Heavy construction equipment, contractor equipment, trucks, trailers, service trucks, pickups, automobiles, as well as small equipment, hand tools, etc.
Will there be sales tax due?
AmbitiousWeb2016-07-21T09:34:39-07:00Yes, unless a valid tax exemption documentation is presented. Please check with our cashiers for more details.