Internet Bidders: Complete Payment is required within 3 business days of the sale, in guaranteed funds: wire transfer, traveler's checks, money orders and/or bank certified checks. Credit card payment will be accepted by Visa, Master Card, American Express & Discover.
ADMINISTRATIVE FEE TERMS: All Purchases are subject to an administrative fee of 10% on the 1st 5,000 & 2.5% on the remaining balance. (The Administrative Fee is Taxable in NM). Sales tax will be collected on non-titled items per state regulations, tax rate is determined by the physical location of the item(s).
TERMS / CREDIT CARDS: There will be a 3% buyer's fee charged on all items sold. Credit card payments will be accepted by Visa, Master Card, American Express & Discover.
PAYMENT TERMS: Invoices will be emailed no later than the end on the auction day after the sale. Full payment must be made by the close of business on June 8th, unless agreed to in writing by J&J Auctioneers. Should Bidder fail to pay for any and all item(s) in full on the sale date, Bidder shall remain fully responsible for the purchase price and buyers fee. In addition to all other rights contained herein, if a default occurs and the full payment is not made by the 3rd business day following the sale, and as long as the default continues to occur, all outstanding financial obligations shall bear interest at the Interest Rate of 2% per month. The default interest rate shall apply from the date of the default through the time any judgment thereon is paid in full. If for any reason a court or arbitrator(s) deems this default interest rate excessive or impermissible, the arbitrator(s) or judge shall impose the maximum default interest rate permitted and all other terms contained herein shall remain valid and enforceable. J&J Auctioneers shall be permitted to resell the item(s) and the Bidder shall be fully responsible for the difference of the purchase price along with the buyer's fee and any additional cost regarding the resale of the item(s). Bidder understands that Bidder shall be responsible for all reasonable attorneys' fees, court cost, default interest and other cost incurred by J&J Auctioneers associated with the enforcement of this provision.
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