In the event of a purchaser's failure to comply with the terms of sale, we will first attempt to resell the vehicle to another buyer for the same price. Failing that, the sale may be null and void. The Auction Company consignor may agree to pursue legal action to complete the sale, this may involve sharing the risk and expense of such action. Insurance coverage must be provided against all perils and loss by consignor including damage caused by another party. It is recommended that insurance be maintained until consignor receives the sale proceeds.
Risk of loss is with the consignor.
Insurance responsibility passes to new buyer when the auctioneer declares vehicle sold. Your insurance is the only insurance covering the operation and storage of your vehicle. If said vehicle is sold within 60 days to any person as a direct result of the Auction advertising or promotion, then I shall agree to pay the commission on the stated reserve price. Guarantor acknowledges that Silver is a Washington Corporation with its principal place of business in Spokane, Washington. Vehicles that require a lien release are considered Early Pay and are to be charged.