Venture Auctions

 

Date(s) 7/26/2021 - 7/28/2021

DEALERS ONLY Salvage WEBCAST Auction ***Auction List will be uploaded by 6pm each Monday*** Live Webcast Bidding begins at 9:30am CST on Wednesday NO PUBLIC or IN-PERSON BIDDING FOR THIS AUCTION.

Past Auction
Bidding Notice:

This auction is for licensed & registered DEALERS ONLY. Absolutely NO Public bidding allowed. All vehicles are sold AS-IS. No effort has been made to inspect or verify the condition of any vehicle on this auction. Many vehicles could potentially run and drive; some vehicles will not. Some vehicles will have keys provided to the purchaser; many vehicles will not. Bid accordingly.

Auction Notice:

10% Buyers Premium applies to all purchases. An additional 3% convenience fee applies to all credit card payments. A $10 per item internet fee will be added to each item beginning Jan.1, 2021!

Auction Information
Name DEALERS ONLY Memphis Impound Salvage Auction
Auctioneer
Type Live Webcast Auction
Date(s) 7/26/2021 - 7/28/2021
Auction Date/Time Info
DEALERS ONLY Salvage WEBCAST Auction ***Auction List will be uploaded by 6pm each Monday*** Live Webcast Bidding begins at 9:30am CST on Wednesday NO PUBLIC or IN-PERSON BIDDING FOR THIS AUCTION.
Preview Date/Time Dealers may inspect auction items onsite from 12-2pm CST on Tuesday, subject to specific Covid-19 distancing and safety guidelines(proper masks required, 10-person limit in auction lot, 30 minutes max. per person). Auction staff will be available onsite during preview ONLY to assist anyone with registration issues.
Checkout Date/Time Buyers may pay in-person, with cash, credit card, or certified funds, until 12pm CST on day of auction ONLY. In-person payments are received at the Venture Auctions trailer, located at the Memphis Impound. After 12pm CST, all remaining balances will be charged to buyer's credit card on file as entered at registration. ANY declined credit card transaction WILL result in an immediate ban for that bidder from attending or participating in ANY future Venture Auctions live, online, and webcast auctions. NO EXCEPTIONS.
Location
Buyer Premium Please See Terms for FULL Payment Info!
Description
Wednesday, July 28, 2021 at 9:30am CST Live Auction Webcast - Salvage Vehicles - Dealers ONLY - ONLINE BIDDING ONLY This auction is limited to Salvage vehicles only, and ONLY currently registered and licensed Dealers may bid. ALL bidding is ONLINE ONLY. There will be NO admission diuring auction. Vehicles may be previewed on Tuesday, July 27th., from 12-2pm ONLY. Only ONE attendee per registration allowed at preview. Proper Dealer identification required for entry to preview. Dealers must display Dealer ID badge at all times on impound lot property. Wearing of masks AND proper social distancing are MANDATORY at all times. Those who do not follow strict distancing and safety guidelines will be removed from the lot, and will be suspended from all future auction previews until all guidelines and restrictions are removed. Active Dealer registration number and current license required to enter lot for preview. No more than 10 Bidders will be allowed on lot at a time. Maximum preview time on lot is 30 minutes per individual. Only ONE individual per registration allowed for preview.
We have updated our Terms & Conditions. Please be sure to review them fully BEFORE placing any bids! *START TIME IS 9:30am on auction day* *Due to increased technology costs, there will be a $10.00 per item internet fee beginning January 1, 2021.* All cash/check payments for THIS auction must be received by 12pm CST. Credit card payments will be processed begining at 12pm CST. NO LIVE IN-PERSON BIDDING ALLOWED. Online bidding ONLY. THIS AUCTION IS FOR LICENSED AND REGISTERED DEALERS ONLY. If you are not registered with the City of Memphis as a licensed auto dealer, any attempts at bidding will be declined. NO EXCEPTIONS. Please carefully read & understand ALL Terms & Conditions. If you are not completely certain that you understand and agree to abide by any part of the information and terms contained herein, PLEASE DON'T BID. Contact us for any further clarification at ventureauctions@gmail.com. All Items are sold AS-IS, with no warranties, expressed or implied, except as to ownership of the items to be sold. Item listings, information, and/or descriptions provided to the bidder by Venture Auctions or The City of Memphis is deemed reliable, but not warranted, and is intended as a guide only. Bidders should inspect auction items carefully, and bid accordingly. Bidder agrees not to base a bid solely on information provided by Venture Auctions or The City of Memphis. All sales are final. No effort has been made by the City of Memphis or Venture Auctions to inspect or verify the condition, mechanical or otherwise, of any vehicle on this auction. Many vehicles could potentially run and drive; some vehicles will not. Some vehicles will have keys provided to the purchaser; many vehicles will not. Bidders should bid accordingly. Per City of Memphis ordinance, non-licensed Individual buyers may only purchase up to 6 vehicles at the impound per calendar year. Once a buyer meets the 6-car limit, bidding privileges at all City of Memphis Impound Auctions will be suspended until January 1 of the following calendar year. If a buyer exceeds the 6-car limit during an auction, all sales after the sixth purchase wil be nullified. The City of Memphis Impound operates in Shelby County, Tennessee. Purchasers from outside Shelby County, Tennessee bear the sole responsibilty to be knowledgeable of any applicable motor vehicle documents and/or titling processes and requirements that could affect the transfer of a motor vehicle from the City of Memphis to an individual or business located anywhere outside of Shelby County, Tennessee. Purchasers of motor vehicles at the Memphis Impound Auction will receive a Paid-in-Full invoice from Venture Auctions, and a Bill-of-Sale/Odometer Statement from the City of Memphis. These documents are wholly sufficient for titling purposes in Shelby County, Tennessee, as defined by state and local regulations. No further documents will be offered by the City of Memphis and/or Venture Auctions. Examples of Memphis Impound Vehicle purchase paperwork will be made available to Registered Bidders upon request. The City of Memphis bears sole responsibility to provide any and all applicable titling documents, in accordance with the terms described herein, to purchaser. Upon delivery of paid invoice to purchaser from Venture Auctions, purchaser agrees to indemnify and hold harmless Venture Auctions in any and all disputes arising between purchaser and seller. This indemnity includes, but is not limited to, any disputes over titling documents, potential refunds, etc. Full Settlement must be made Day of Sale. NO EXCEPTIONS. Buyers may pay in-person, with cash, credit card, or certified funds, until 12pm CST on day of auction ONLY. In-person payments are recieved at the Venture Auctions trailer, located at the Memphis Impound. After 12pm CST, all remaining balances will be charged to buyer's credit card on file as entered at registration. ANY declined credit card transaction WILL result in an immediate ban for that bidder from attending or participating in ANY future Venture Auctions live, online, and webcast auctions. NO EXCEPTIONS. 10% Buyers Premium applies to all purchases. An additional 3% convenience fee applies to all credit card payments. *Due to increased technology costs, there will be a $10.00 per item internet fee beginning January 1, 2021.* The City of Memphis reserves the right to add, delete, or alter any item prior to the opening of live/webcast bidding. Prebids will not be recognized on any vehicle/item that is removed from auction prior to opening of live/webcast bidding. Auction items left on City of Memphis property after the auction are the sole responsibility of the buyer. Neither Venture Auctions nor the City of Memphis will recognize any claims for theft, damage, or loss once the item has been awarded. In the event of a tie-bid between online bidders, the tie goes to the first bid recieved. In the event of a tie-bid between any online bid and any live bidder during the live webcast auction, the tie goes to the onsite bidder. Auctioneer's decision is final and binding on all parties in the event of any dispute. Bidder's acknowledgement of this stipulation and consent to abide by it, and all other terms & conditions of this sale, are implied by bidder's decision to register for and participate in the auction, and expressed by bidder's acknowledgement and acceptance of these terms and conditions at the time of registration. Announcements on day of auction take precedence over any printed or previous information.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 499.00 25.00 USD
499.01 - 1,999.00 50.00 USD
1,999.01 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium Please See Terms for FULL Payment Info!
Payment Terms
Full Settlement must be made Day of Sale. Buyers may pay in-person, with cash, credit card, or certified funds, until 12pm CST on day of auction ONLY. In-person payments are recieved at the Venture Auctions trailer, located at the Memphis Impound. After 12pm CST, all remaining balances will be charged to buyer's credit card on file as entered at registration. ANY declined credit card transaction WILL result in an immediate ban for that bidder from attending or participating in ANY future Venture Auctions live, online, and webcast auctions. NO EXCEPTIONS. Accepted Forms of Payment are CASH, CREDIT CARD, PRE-APPROVED CHECK, or CERTIFIED FUNDS 10% Buyers Premium applies to all purchases with CASH/CHECK/CERTIFIED FUNDS. Additional 3% convenience fee applies to all credit card payments. A $10 per item internet fee will be added to each item beginning Jan.1, 2021!
Buyer is 100% responsible for the removal of purchased vehicle(s) from auction site. Neither Venture Auctions nor the City of Memphis will assist with vehicle removal in any way. Repairing and/or working on vehicles in any capacity is strictly prohibited on City of Memphis property. If a purchased vehicle will not drive properly as-is, then that vehicle must be removed from lot by a city-approved towing company. Contact the Memphis Impound Lot for a list of all approved towing providers. All items must be removed from the Impound lot by end of day Thursday. NO EXCEPTIONS. Vehicles remaining on lot after 48 hours will be re-impounded, and the buyer will forfeit entire purchase price, including fees.
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.