Terms and Conditions

Last updated 22 of January, 2020

The autoauctionspot.com (hereinafter “Website”) and your membership are provided by Sarozum Group Ltd (hereinafter “Company”). THESE MEMBER TERMS AND CONDITIONS (hereinafter “Terms”) CONSTITUTE A LEGAL, BINDING AGREEMENT BETWEEN YOU AND Sarozum Group Ltd (Address: 69 Arch. Makariou III Ave., TLAIS TOWER, office 301, 1070, Nicosia, Cyprus) AND AFFECT YOUR LEGAL RIGHTS AGAINST Sarozum Group Ltd. THUS, YOU SHOULD READ THESE MEMBER TERMS AND CONDITIONS CAREFULLY IN THEIR ENTIRETY BEFORE ACCEPTING THEM. BY REGISTERING WITH AUTO AUCTION SPOT, YOU ACKNOWLEDGE AND AGREE THAT YOU UNDERSTAND THAT ALL VEHICLES ARE NOT OWNED BY Sarozum Group Ltd AND Company IS NOT RESPONSIBLE FOR CONDITION AND/OR DAMAGE OF CARS AT AUCTIONS.

GENERAL TERMS, ACKNOWLEDGMENTS

Terms to be Bound

Terms, the Website Terms of Use, the Privacy Policy, and all rules and policies posted on our website set out the terms on which we offer you access to and use of our websites, applications, tools, and services. The Website Terms of Use, the Privacy Policy, and all rules and policies posted on our website are expressly incorporated into these Terms. Please read these Terms carefully, as by choosing to become a Member you agree to be bound hereby. If you object to anything in these Terms, or otherwise do not understand or agree to be bound by these Terms, do not use our Website or become a Member. By registering to become a Member you represent that you have read and understand this Terms and that you agree to be bound by these Terms as set forth below. You further represent that you are eighteen (18) years of age or older and have the capacity to enter into such a legally binding contract.

Modifications and Changes to Terms

We may modify, add to, suspend or delete these Terms or other agreements, in whole or in part, at our sole discretion at any time, with such modifications, additions or deletions being immediately effective upon their posting to the Website. Your use of the Website as a Member after modification, addition or deletion of the Terms shall be deemed to constitute acceptance by you of the modification, addition or deletion.

Modifications and Changes to the Website, Membership Service

We may modify, add to, suspend, or delete any aspect of this Website or any Membership Service (defined below) offered by us thereby, in whole or in part, at our sole discretion at any time, with such modifications, additions or deletions being immediately effective. Such modifications, additions or deletions may include but are not limited to functionality and services offered, other content offered, hours of availability, and equipment needed for access or use.

Prohibited Use of the Website, Member Account

In addition to other prohibitions as set forth in these Terms, you are prohibited from using the Website and/or any Member Account: (a) for any unlawful purpose; (b) to solicit others to perform or participate in any unlawful acts; (c) to violate any international, federal, provincial or state regulations, rules, laws, or local ordinances; (d) to infringe upon or violate our intellectual property rights or the intellectual property rights of others; (e) to harass, abuse, insult, harm, defame, slander, disparage, intimidate, or discriminate based on gender, sexual orientation, religion, ethnicity, race, age, national origin, or disability; (f) to submit false or misleading information; (g) to upload or transmit viruses or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Website or materials and products found thereon, or of any related website, other websites, or the Internet; (h) to collect or track the personal information of others; (i) to spam, phish, pharm, pretext, spider, crawl, or scrape; (j) for any obscene or immoral purpose; or (k) to interfere with or circumvent the security features of the Website, other websites, or the Internet. We reserve the right to terminate your use of the Website for violating any of the prohibited uses or for any other reason at our sole and exclusive decision.

Accuracy, Completeness and Timeliness of Information

We are not responsible if information made available on the Website is not accurate, complete or current. You acknowledge that the Website is provided for general information only and should not be relied upon or used as the sole basis for making decisions without consulting primary, more accurate, more complete or more timely sources of information. You acknowledge and agree that no advice or information, whether oral or written, obtained from us, or through the Website, shall create any warranty not expressly stated in these Terms. You further acknowledge that any material downloaded or otherwise obtained through the use of the Website is done at your own risk and that you will be solely responsible for any damage to your computer system or loss of data that results from the download of any such material.

Right of Refusal, Limitation, and Discontinuation

We reserve the right to refuse to provide any access to the Website and/or Membership Services and/or a Member Account to anyone for any reason at any time at our sole discretion without recourse to you.

Description of Membership Service

Sarozum Group Ltd is online platform for bidding on various USA auto auctions, which provides comprehensive analytics regarding prices, condition of vehicles and auction processes together with history of sales to help customers minimize their risks and spending on buying vehicles online. To obtain full specter of services you need to be registered user. Full list of services includes: bidding on online auctions within the Website, getting an access to analytical insights and features that available with the premium membership, getting help with choosing and delivering vehicles; getting access to description and pictures of auction vehicles.

MEMBERSHIP

Registration Required

In order to participate in the Membership Service, such as bidding on vehicles, accessing premium vehicle information, establishing a bidding limit, and benefiting from exclusive discounts and services (hereinafter, collectively, the “Membership Service”), users are required to register as Members. Access to the Membership Services without registration shall be strictly prohibited.

Revocation of Membership

We reserve the right to suspend or irrevocably revoke the Membership of a Member for any reason, at our sole and absolute discretion. Membership may be suspended for any of the following reasons, including but not limited to: improper or unprofessional conduct on the Website or on any affiliate website, through any electronic or non-electronic format; non payment of contracted agreements; or any other reason whatsoever as we and/or our affiliates deem applicable. Accounts that are suspended or revoked shall not be eligible for the refund of any Membership Fee.

Membership Eligibility

Membership is limited to those persons who are eighteen (18) years of age or older.

Registration Process and Procedures

Should you meet the foregoing eligibility criteria and agree with these Terms, you will be given the opportunity to register via an online registration form so as to create a Member Account (hereinafter “Account”), through which you may receive information from us and participate in the features of the Website. We will use the information you provide during registration in accordance with our Privacy Policy. By registering with us, you represent and warrant that all information you provide on the registration form is current, complete and accurate to the best of your knowledge. You agree to maintain and promptly update your registration information on the Website so that it remains current, complete and accurate. During the registration process, you may be required to choose a password. You acknowledge and agree that we may rely on this password to identify you. You are responsible for all use of your Account, regardless of whether you authorized such access or use, and for ensuring that all use of your Account complies fully with the provisions of these Terms.

Multiple Accounts Prohibited

You agree you shall not have more than one (1) Account and shall not sell, trade or transfer that Account to any other person or entity.

Starndard Membership

Standard Membership is free and has no expiration date. This type of membership allows you to establish bidding limit and bid on the vehicles in accordance with bidding procedure. The bidding is available for those members who provided all required information and documents and set up the needed bidding limit and have no other unpaid Invoices or bills.

Premium Membership

Premium Membership is paid and has 12 months or 1 year of expiration since the day of purchasing. Members who elect to register for Premium Membership enjoy the following benefits of the Website and Membership Services: the 12 month of email newsletter; the opened estimated final bid block; the opened last sold vehicles block; the opened vehicle rating block; the opened sold vehicles graph block. The cost of the premium membership is 99 USD. Discounts may apply. Premium membership does not guarantee that information in the opened blocks will be available for every vehicle. In case we do not have enough data to calculate the vehicle rating or show similarly sold vehicles, those blocks will be empty or reinforced by a corresponding message.

Account Activity

Members are responsible for all Account activity. Member Account may not be transferred or assigned to any person or entity. In the event a Member Account or username and password are used without authorization, you agree to immediately notify us of any such unauthorized activity. Member shall be responsible for all Account activity and charges incurred prior to our receipt of written notice from Member of the unauthorized activity.

Revocation of Membership

We reserve the right to suspend or irrevocably revoke the Membership of a Member for any reason, at our sole and absolute discretion. Membership may be suspended for any of the following reasons, including but not limited to: improper or unprofessional conduct on the Website or on any affiliate website, through any electronic or non-electronic format; non payment of contracted agreements; or any other reason whatsoever as we and/or our affiliates deem applicable. Accounts that are suspended or revoked shall not be eligible for the refund of any Membership Fee.

Marketing and Promotional Materials

Members agree and acknowledge that by registering for an Account they have affirmatively requested to receive marketing and promotional materials via mail, email and facsimile from us and our third-party affiliates. To unsubscribe to any promotional materials sent to you via email, simply follow the unsubscribe information provided at the bottom of each communication.

VEHICLE DATA

Vehicle data, including but not limited to pictures of vehicles, documents, condition, bids is taken from Copart Inc, Insurance Auto Auctions Inc, and other third-party and/or affiliated under the license agreements. Company does not guarantee the accurateness of the information. By using our Website, Members fully agree that they realize that vehicle rating, amount of sold cars and final bids information are our assumptions and may not correspond with the vision of the Member or an assessment of the vehicle inspector.

Company PAYMENTS

Membership Price Policy

The prices and the terms of payment for the Membership Services are displayed at the time of registration, including at the point when Users decide to make a purchase. All prices are displayed in the U.S. Dollars (USD) and are subject to change at our sole and exclusive discretion without notice thereof.

Bidding fee

The bidding fee is Auto Auction Spot service fee. It amounts to 1% out of the final bid or 100 USD whichever is greater, and being partially or fully refunded in case you fail to win the vehicle. The refund amount is the subject to determine at our sole and exclusive discretion without notice thereof.

Security Deposit

To secure the bidding process, Copart and IAA auctions require from brokers to have the security deposit to satisfy the debt, which appears when the bidder fails to pay an Invoice. Security deposit is taken from the Member and reserved by the Company until the end of the auction. Otherwise, it is fully refundable. The minimum security deposit per bidding vehicle is 400 USD or 10% whichever is greater. The security deposit determines the final amount of your bidding limit. The security deposit does not get applied to the purchase but will be refunded when the account is closed or the transaction is completed. To refund the security deposit, check on its status on the transactions tab in your cabinet and request a refund by clicking refund button or email us at support@autoauctionspot.com. The refund process usually takes from 3 to 5 business days to post back to your credit card account from the day we initiate the refund but it can take up to 10 business days

Refund Policy

All membership payments are fully refundable in the first 14 days. After that, Company reserves the right to decide which part of the payment is refundable depends on the period of usage of our service and credit card processing fees at our sole and exclusive discretion.

Form of Payment

Membership payments can be paid via credit card, debit card or PayPal. Security Deposit payments can be paid via credit card, debit card, PayPal or wire transfer. The final vehicle Invoices can be paid by wire transfer only.

BROKER SERVICES

To provide customers with convenient and comprehensive service, Company cooperates with licensed brokers to satisfy Member needs in buying vehicles from Copart and IAA auctions. All bids are processed through broker accounts and final financial liabilities for vehicles arise between the Member and the Broker. Brokers have different limitations on buying different types of vehicles among the states, exact broker you are bidding with is mentioned at the moment of bidding or buying from buy now offer.

Bidding terms

You must inspect vehicles prior to bidding/buying. All vehicles are sold in "AS IS" condition: the motor vehicle sold under this contract is being sold "as-is" and is not represented as being in roadworthy condition, mechanically sound or maintained at any guaranteed level of quality. The vehicle may not be fit for use as a means of transportation and may require substantial repairs at the purchaser's expense. It may not be possible to register the vehicle to be driven in its current condition.Company makes no representation as to the condition or roadworthiness of any vehicle purchased from the broker/Copart/IAA. Please contact us with any questions or concerns about any vehicle prior to bidding at support@autoauctionspot.com.

Different titles

Cars sold with clean titles may not be clean titles in different states. Members must verify how the State DMV of the State where the vehicle is going to be registered will handle a clean title with an insurance company as seller. These titles may not be accepted in all States as clean titles. Member should verify with their State prior to bidding if this will come back as a rebuilt title. Most titles are reported to NMVTIS data base as salvage. This is the responsibility of the Member to check on its accuracy. Company makes no representation on how clean titles are handle in the different States.

Recall vehicles

Any vehicle bought from the auction may be a subject to open safety recalls. A recall is issued when the manufacturer of a vehicle or the National Highway Traffic Safety Administration determines that a vehicle fails to meet minimal safety standards. Manufacturers are required to fix the recall by repairing the vehicle at no cost to you. We have not provided you any recall information on your vehicle and we make no claims about whether or not your vehicle is subject to safety recall. Prior to purchase, Member may research the recall status of your vehicle at the National Highway Traffic Safety Administration. Website: https://www.nhtsa.gov/.

Auction Types

If the vehicle was sold subject to approval, the seller has up to 48 hours to approve or reject any and all bids. Once Company has been notified that the bidder has won the vehicle, the bidder has 2 days including the day of the auction to make payment to the broker by wire transfer. Upon confirmation that payment has been credited to the broker’s bank account, the bidder will receive instructions via e-mail on how to take possession of the vehicle. The vehicle will not be released to the bidder until full payment is received by the broker. The bidder is responsible for any broker and documentation fees, transportation fees, delinquent DMV fees, storage fees and all auction fees and our commission before the vehicle will be released.

Payment loss

Non-payment of a vehicle within the 3 days may result in a loss of the full bid deposit and loss of bidding privileges. A late fee of 50 USD will be applied by the auction if payment is not received within 3 days from the date the vehicle is awarded and placed on the account.

Registering the vehicle

U.S. RESIDENTS: ALL SALVAGE VEHICLES MUST BE FULLY REPAIRED AND INSPECTED IN MEMBER’S HOME STATE BEFORE THEY CAN BE REGISTERED. MEMBERS SHOULD CHECK WITH THEIR LOCAL DMV TO SEE WHAT THE PROCEDURE IS. (Stay away from Bills of sale, junk titles, certificate of destruction and bio-hazard). Clean title vehicles sold at auctions may have salvage history on them. In addition, the clean title may not be accepted in Member’s State as a clean title if is being sold by an Insurance company. Please determine in advance how your State will treat this type of title. COMPANY IS NOT FAMILIAR WITH CUSTOMS LAWS IN MEMBER’S COUNTRY. THAT IS THE RESPONSIBILITY OF THE MEMBER. (Vat tax and EU tax are paid in the final destination if applicable) on the amount invoiced by broker not the auction price.

Pick-up and storage

Immediately after bid approval, online bidders have three business days of free storage if other information is not mentioned on the vehicle information page or Member is not notified by email or phone about that. Auctions are closed on weekends. All fees, including late fees must be paid before picking up vehicle. If vehicle is not paid within 9 days from the auction date, the vehicle may be re-listed which will result in loss of initial security deposit of 400 USD or 10% of bid, whichever is greater. For bids “on approval”, the seller has 48 hours to approve the bid. The payment and storage is not incurred until the bid is approved. If the vehicle is not removed from copart within 25 days, you will run the risk of the auction deeming the vehicle abandoned. This means Members will lose the money they paid for the car.

Winning Bid Fees

Within three days including the day of auction, Member will be emailed with an Invoice. BUY IT NOW purchase option must be paid the same day the vehicle is awarded or auction will charge 50 USD late fee. Free Storage is only two days including the date of purchase on BUY IT NOW purchases.

Relist fees

A re-list fee of 400 USD or 10% of sale price, whichever is greater. This fee will be taken from Member’s Security Deposit paid. Buyer is also responsible for any and all collection costs, including attorney fees and court costs. Bidding privileges will be suspended until payment has been received. In the event of a chargeback, the bidder/buyer will be responsible for all collection charges and attorney fees to collect.

Sale

Member acknowledges and agrees that once a bid has been submitted, an offer has been made and/or the buy it now option has been exercised, it cannot be retracted, deleted, or cancelled. Member wins the auction in case they are the highest bidder at end of live auction and/or the seller has accepted the final or the seller has accepted buy now offer. After that customer has 3 days including day of winning the auction to pay the Invoice (or 1 was bought from buy now offer).

Auction and broker fees

The broker fee is showed on the bidding card at the moment of bidding. Members should pay attention on that while bidding. Prior bidding members must carefully learn all auction rules, fees and penalties.
Iaa Auctions rules and fees:
https://www.iaai.com/AuctionRules
https://www.iaai.com/documents/IAALicensedBuyerFees.pdf
Copart auction rules and fees:
https://www.copart.com/content/us/en/premier-member-fees

Shipping

Members are responsible for the shipping of the vehicle (for both ground and ocean shipping), including the shipping charges. Members shall be responsible for any and all shipping charges in connection with the vehicle. Buyer shall also be responsible for all documentation and anything related thereto required in connection with the shipping of the vehicle.

RISK OF LOSS

Members take full responsibility and assumes all risk of loss for all vehicles purchased from the time that Company’s affiliated broker accepts the Member’s bid. From and after acceptance of Member’s bid (for vehicles located at either one of our affiliated storage facilities) Member acknowledges that that storage facility is acting as bailee of Member’s vehicle until such time as the vehicle is removed from those premises. Buyer agrees that under the Terms of the bailment: (a) Company, its affiliated broker (including, without limitation, the broker that purchased the vehicle on the Member’s behalf), the auction clearing house and the storage facility itself shall not be responsible for any damage to or loss of the vehicle or parts thereof for any reason whatsoever (including, without limitation, due to operational procedures in place at any of those facilities, from acts of theft or vandalism, or acts of God or for any other reason); and (b) Company, its affiliated brokers, the auction clearing house or the storage facility shall not be responsible for any claim of damage made after the vehicle has left the storage premises.

Contacts

Sarozum Group Ltd
Address: 69 Arch. Makariou III Ave., TLAIS TOWER, office 301, 1070, Nicosia, Cyprus
Email: support@autoauctionspot.com