All purchases are sold AS IS and MidAmerica Auctions is not responsible for any promised services or additional parts announced available or sold with the vehicles.
Please allow one-half hour after the vehicle purchased has left the auction block to come to the auction office. This half hour delay allows all paperwork to be processed.
If possible pay for each vehicle when purchased. This will prevent a long waiting time at the end of the auction.
Payment MUST be cash, cashiers check, traveler’s checks or credit card. (A 3% handling charge will be added to all purchases made with a credit card.) Personal checks are only accepted IF MidAmerica Auctions has a current acceptable Letter of Guarantee on file in the settlement office (call for specific wording-bank statements or balance letters are not acceptable) or a major credit card to backup your check.
If you need to settle the following day, a nonrefundable deposit of $2000 or 20% of the purchase price (whichever is greater) must be paid before the end of the auction with certified funds, cash, credit cards, etc. The balance of the purchase price must be paid before NOON the next business day. Wire transfer of funds directly to our office is also acceptable. To wire funds information will be supplied by a MidAmerica Auction representative upon time of settlement.
Buyers Fees: All bids have a Buyers Fee added to each purchase price (with a minimum $125):
8% buyers fee for bids made onsite; 9% buyers fee for phone (absentee) bids and 11% buyers fee for internet bidding. Memorabilia items have a 12% buyers fee with a minimum of $25.
New York sales tax will be collected from all New York residents. Out of state purchasers will pay sales tax in their own state but will be required to sign an affidavit stating they are transporting the vehicle out of state.
No vehicle will be released to a buyer until the full payment has been received. The bidder deposit you made at registration can be used toward the purchase price.
All cash transactions over $10,000 require your social security number and Form 8300 will be submitted to the IRS.
All sold and/or unsold motorcycles must be removed from the facility by Sunday noon.
If any problems arise, please call our office (651)633-9655.
BIDDER DEPOSIT RETURN
Bring your bidder badge to the BIDDER REFUND desk near the auction office.
When you surrender your badge, the time will be noted, and you will be asked to wait 30 minutes; this allows all sales transactions to clear the auction block.
Return after 30 minutes, present your signed bidder registration form and your deposit will be returned to you.