IMPORTANT INFORMATION READ BEFORE BIDDING !!!

AUTO AUCTION TERMS: **NEW - PLEASE READ** WHEN YOU REGISTER TO BID PLEASE CONTACT OUR OFFICE, A $500.00 DEPOSIT IS REQUIRED FOR BIDS TO BE ACCEPTED. IF YOU ARE NOT THE WINNING BIDDER WE WILL RELEASE THE HOLD ON YOUR CREDIT CARD. REGISTARATION SHOULD BE IN BEFORE 4 PM ON FRIDAY BEFORE THE AUCTION. 865-938-3403

THERE WILL BE A 3% ADDITIONAL CHARGE ON ALL VEHICLES THAT IS BOUGHT ONLINE THRU HI-BID. SORRY, BUT THEIR FEE'S HAVE WENT UP FOR ONLINE BIDDING AND SO WE HAVE TO GO UP. PAYMENT IS CASH OR WIRE TRANSFER, PAID BY MONDAY 12pm. BUYERS PREMIUM SCALE & SALES TAX WILL BE ADDED TO ALL CARS.�ALL GREEN LIGHT CARS MUST BE ARBITRATED WITHIN 2hrs AFTER PAYMENT. IF THERE IS A PROBLEM, AFTER 12 PM ON MONDAY FOLLOWING AUCTION SALES WILL BECOME RED LIGHT. IT MUST BE WITH THE ENGINE AND/OR TRANSMISSION ONLY IN THE VALUE OF $600 OR MORE FOR REPAIRS.�GREEN LIGHT WILL NOT BE ON ANY CARS PAID FOR AFTER 12pm ON MONDAY. RED LIGHT CARS ARE SOLD AS-IS NO REFUNDS. ANY CAR PAID FOR AFTER MONDAY AT 12pm WILL HAVE A $100 A DAY LATE FEE. IF YOU WIN MORE THAN ONE CAR YOU WILL BE CHARGED FOR THE CARS YOU WIN, YOU DO NOT GET TO PICK AND CHOOSE. TITLES WILL BE READY FOR PICKUP ON THURSDAY FOLLOWING THE SALE. BY FAILING TO PERSONALLY INSPECT VEHICLES YOURSELF IS NOT A RESON TO VOID A SALE. THE AUCTIONEER RESERVES THE RIGHT TO BID ON BEHALF OF THE OWNER UP TO THE RESERVE PRICE SET ON THE CAR BEING SOLD. ALL ITEMS ARE SOLD WITH A RESERVE UNLESS NOTICED OTHERWISE. BUYERS ARE RESPONSIBLE FOR INSPECTING THE VEHICLES BEFORE BIDDING. PLEASE READ THE RULES AND REGULATIONS BEFORE BIDDING. IF YOU HAVE ANY QUESTIONS PLEASE CALL OR EMAIL US AT AUTOINFO@POWELLAUCTION.COM OR CALL 865-938-3403
AUTOMOBILES DO NOT BELONG TO AUCTION COMPANY. ALL ARE SELLING ON CONSIGMENT ONLY, AUCTION COMPANY MAKES NO WARRANTY AS TO AGE, MAKES, MODEL OR CONDITION. ANY DISPUTED WILL BE BETWEEN OWNERS OF VECHILES AND WILL BE ARBIRATED IN THE KNOX COUNTY COURTS KNOXVILLE TENNESSEE. BY BIDDING YOU AGREE TO FOLLOW ALL AUCTION TERMS AND CONDITIONS.

**Green Light vehicles: buyer will have until 1PM day of the auction to arbitrate any vehicle purchased. IF there is a problem, it must be the engine or transmission only & must be at least $600.00 or more for repairs and must go through the arbitration process which is where a mobile mechanic comes in to determine the problem. There is a $60 fee for arbitration - if refunded the seller pays the fee, if not refunded then the buyer pays the fee.

ALL BIDDERS ARE REQUIRED TO PUT DOWN A $500 CASH DEPOSIT FOR BIDDING APPROVAL - BOTH LIVE BIDDING AND ONLINE BIDDING - UNTIL YOU ARE AN ESTABLISHED CUSTOMER, FAILURE TO PAY FOR YOUR VEHICLE FOR ANY REASON WILL RESULT IN LOSS OF DEPOSIT.

**IN PLACE OF CREDIT CARD DEPOSITs, BIDDERS MAY SEND IN A BANK LETTER OF GUARANTY BY 5pm ON THE FRIDAY BEFORE EACH AUCTION FOR ONLINE BIDDING APPROVAL** (SAMPLE ON OUR WEBSITE) WWW.POWELLAUCTION.COM

**ALL VEHICLES PURCHASED THAT ARE SOLD AS "RED LIGHT" ARE NON REFUNDABLE - NO EXCEPTIONS**

1. Bidder must present a valid driver's license.
2 .Upon winning online bid, the bidder will be sent an invoice for the total amount due and will then come in and pay cash and pick up vehicle. Keys will be issued once the vehicle is paid in full. Payment in full may be made with Cash/Cashier's Check/Money Order - NO CREDIT CARDS OR PERSONAL CHECKS WILL BE ACCEPTED AT THIS TIME FOR PAYMENT!!
3. The bidders information will be used to prepare the title.
4. In the event you would like the title written in someone else's name, they must present their valid drivers license day of Auction with a $25 fee.
5. Once the title work has been processed there is a $100.00 fee to have it changed. Please provide the auction house with the correct buyers name, address and info, to avoid this fee!
6. ALL RED LIGHT CARS are sold 'AS IS' and all sales are final!!! Auction company neglecting any details about the vehicle does not agree to any refunds or arbitrations. We suggest you inspect the vehicle before bidding or call office with any questions or concerns.
7. PAYMENT: Payment in full must be made before noon Monday (following Saturday's auction). Late payment will be subject to a $100.00 late fee and will only be allowed at the discretion of POWELL AUCTION.
8. GUARANTEES: "Yellow Light" vehicles have additional announcements, please listen to Auctioneer. "Red Light" vehicles are sold "AS-IS" and are sold with NO GUARANTEE.
9. Vehicles not removed from the auction premises by 5 pm on TUESDAY will result in an additional fee of $20.00 per day unless other arrangements are made with auction office.
10. Powell Auction will not be responsible for any vehicles left on the premises.
11. I understand that this agreement and all rights of the parties there-under, shall be governed by the laws of the County of Knox, State of Tennessee and any action brought by either party shall be brought in the Courts of the State of Tennessee. In the event, that for any reason, the forum is deemed to be sufficiently inconvenient or the agreement on the forum selection is unenforceable it is still the intention of the parties that the Laws of the State of Tennessee govern the parties agreement and their rights attended thereto.
12. Vehicles purchased from Powell Auction are eligible for a 60 day temp tag to all non dealers.
13. The descriptions listed and pictures displayed in the online catalog for each vehicle are used for a guide and a tool for the buyer/bidder and ARE NOT 100% ACCURATE. Please call Auction to clarify questions on pictures or descriptions. For best assessment, come in person from 9 am to 5 pm, Friday the day before each auction.
14. Auctioneer reserves the right to bid on behalf of owner up to and reserve price set on the items being sold. All items are sold with reserve unless noticed otherwise.

BUYING SCALE:
$1 - $999 = $200
$1000 - $1999 = $300
$2000 - $2999 = $400
$3000 - $8000 = $500
$8001 - $ABOVE = $800

TERMS: Buyer�s Premium scale fee & tax will be added to all purchases. Payment is to be made in full at the conclusion of the auction. Payment to be US currency cash or cashiers check . Titles will be ready for pickup (local) on Thursday after each auction and out of area buyers can be sent in the mail upon request from the buyer. Green Light vehicles, buyer will have 2 hours after the last car sells, the day of the auction only, to check the vehicle out. IF there is a problem, it must be the engine or transmission only & must be at least $600.00 or more. Red Light vehicles, are sold �AS-IS, HOW-IS with ALL FAULTS� and are NON-REFUNDABLE. Buyers are responsible for inspecting the vehicles & verifying all information, to their satisfaction, before bidding. PLEASE read Rules & Regulations, BEFORE bidding, see attached.

POWELL AUCTION & REALTY, LLC ~ PUBLIC AUTO AUCTION � TERMS & CONDITIONSIMPORTANT � NEW BIDDER REGISTRATION REQUIREMENTS � PLEASE READ! All bidders are responsible for reviewing and understanding the following terms and conditions BEFORE placing any bids. By registering and participating in the auction, you acknowledge and agree to abide by all auction terms and conditions. 1. BIDDER REGISTRATION & REQUIRED DEPOSIT for FLOOR BIDDERS * A $500.00 CASH DEPOSIT IS REQUIRED before a BIDDER CARD will be released and bids will be accepted. 2. BIDDER REGISTRATION & REQUIRED DEPOSIT for ONLINE BIDDERS * A $500.00 CREDIT CARD DEPOSIT IS REQUIRED before any bids will be accepted for ONLINE BIDDERS. * After registering to bid, YOU MUST CONTACT OUR OFFICE to complete your registration and deposit requirements.The $500.00 deposit will be placed as a hold on your credit card. * If you are not a winning bidder, the hold will be released. REGISTRATION MUST BE COMPLETED BY 4:00 PM ON THE FRIDAY BEFORE THE AUCTION. Contact Our Office: Phone: 865-938-3403 Email: AUTOINFO@POWELLAUCTION.COM 3. ONLINE BIDDING FEES & BUYER'S PREMIUM * An additional 3% online bidding fee will be charged on all vehicles purchased through HiBid. * This additional fee reflects increased online bidding platform costs. * The applicable buyer's premium, sales tax, and additional online bidding fees will be added to the final purchase price of each vehicle. PLEASE FACTOR ALL APPLICABLE FEES AND TAXES INTO YOUR BIDDING. 4. PAYMENT REQUIREMENTS & DEADLINESACCEPTED * PAYMENT METHODS: CASH, CASHIER CHECK, OR WIRE TRANSFER ONLY.ALL VEHICLES MUST BE PAID FOR BY 12:00 PM (NOON) ON THE MONDAY FOLLOWING THE AUCTION, UNLESS THEIR IS A HOLIDAY INTERFERENCE. *Any vehicle paid for after the Monday noon deadline will be subject to a $100.00 PER DAY LATE PAYMENT FEE. * ALL WINNING BIDS ARE BINDING. If you purchase multiple vehicles, you are responsible for paying for EVERY VEHICLE YOU WIN. ** Buyers may not pick and choose which winning bids they wish to honor.IMPORTANT: Failure to personally inspect a vehicle or a change of mind does not release a bidder from their purchase obligation. 5. GREEN LIGHT VEHICLES � ARBITRATION POLICY * Vehicles designated as GREEN LIGHT are subject to the following limited arbitration conditions:ALL GREEN LIGHT ARBITRATION CLAIMS MUST BE MADE WITHIN 2 HOURS AFTER PAYMENT. * Arbitration applies ONLY to qualifying engine and/or transmission problems with a repair value of $600.00 OR MORE. IF THE VEHICLE/S DO NOT MEET THE $600.00 OR MORE THEN THE BUYER WILL HAVE TO PAY THE ARBIRTRATION FEE WHEN PICKING UP THE VEHICLE/S. * Claims involving other mechanical or cosmetic issues are not covered under the Green Light arbitration policy. **GREEN LIGHT PROTECTION EXPIRES AT 12:00 PM (NOON) ON MONDAY FOLLOWING THE AUCTION. ***Any vehicle not paid for by the Monday noon deadline AUTOMATICALLY BECOMES RED LIGHT, regardless of its original Green Light designation. ***NO GREEN LIGHT ARBITRATION WILL BE ACCEPTED AFTER THE MONDAY NOON DEADLINE. **PLEASE NOTE: The two-hour arbitration period does not extend the Monday noon deadline. Buyers must complete payment and submit any qualifying arbitration claim within the applicable deadlines. 6. RED LIGHT VEHICLES � SOLD AS-IS ALL RED LIGHT VEHICLES ARE SOLD STRICTLY AS-IS, WHERE-IS, WITH NO WARRANTIES OR REFUNDS.Red Light vehicles are sold in their existing condition, with all faults, whether known or unknown. * NO ARBITRATION OR REFUNDS will be offered on Red Light vehicles. * Buyers are responsible for inspecting and evaluating the vehicle's condition before bidding. 7. VEHICLE INSPECTIONS & BUYER RESPONSIBILITY ALL VEHICLES ARE SOLD SUBJECT TO THE BUYER'S OWN INSPECTION. * Buyers are strongly encouraged to personally inspect every vehicle BEFORE placing a bid. * Vehicle descriptions, photographs, and other information are provided for identification and general reference purposes. * The auction company makes NO GUARANTEES OR WARRANTIES regarding a vehicle's year, make, model, mileage, condition, or mechanical operation. FAILURE TO PERSONALLY INSPECT A VEHICLE IS NOT GROUNDS FOR CANCELING OR VOIDING A SALE. ** Once a bid is accepted and the bidder is declared the winning buyer, the buyer is responsible for completing the transaction according to these terms. 8. RESERVES & AUCTIONEER BIDDING ALL VEHICLES ARE SOLD SUBJECT TO RESERVE UNLESS OTHERWISE NOTED. * The auctioneer reserves the right to place bids on behalf of the seller up to the established reserve price of the vehicle being offered. *A vehicle will not be considered sold unless the applicable reserve requirements have been satisfied or the seller has approved the sale (Through: IFs or phone calls). 9. VEHICLE TITLESVEHICLE TITLES WILL BE AVAILABLE FOR PICKUP ON THE THURSDAY FOLLOWING THE AUCTION. **CALLING THE OFFICE AT ANYTIME TO VERIFY YOUR REQUIREMENTS HAVE BEEN MET AND THE TITLES CAN BE RELEASED IS ADVICED. **Buyers are responsible for ensuring that all payment requirements have been satisfied before collecting their titles. 10. CONSIGNMENT VEHICLES & WARRANTY DISCLAIMER POWELL AUCTION & REALTY, LLC DOES NOT OWN THE VEHICLES BEING OFFERED FOR SALE. * All vehicles are offered ON CONSIGNMENT ON BEHALF OF THEIR RESPECTIVE OWNERS. * Powell Auction & Realty, LLC makes NO WARRANTIES OR REPRESENTATIONS, EXPRESSED OR IMPLIED, regarding the age, year, make, model, condition, or operation of any vehicle offered for sale. *Any disputes arising from the sale of consigned vehicles shall be handled between the appropriate parties, with disputes subject to resolution in the courts of Knox County, Knoxville, Tennessee, as applicable. 11. ACCEPTANCE OF AUCTION TERMSBY REGISTERING, PLACING A BID, OR PARTICIPATING IN THIS AUCTION, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTAND, AND AGREE TO ALL AUCTION TERMS AND CONDITIONS.All bidders are responsible for understanding the registration requirements, payment deadlines, applicable fees, inspection responsibilities, and Green Light/Red Light policies before bidding. **ALL SALES ARE FINAL, SUBJECT ONLY TO THE SPECIFIC GREEN LIGHT ARBITRATION PROVISIONS OUTLINED ABOVE. QUESTIONS? CONTACT US BEFORE BIDDING! Phone: 865-938-3403 Email: AUTOINFO@POWELLAUCTION.COM PLEASE READ ALL TERMS CAREFULLY BEFORE BIDDING. YOUR BID IS YOUR COMMITMENT TO PURCHASE!