Terms and Conditions
Please take a moment to read the terms of registration with Capital Online Auctions, LLC, also referred to as Capital Online Auctions or COA
- By registering to bid at Capital Online Auctions you agree to close the transaction pursuant to the terms and conditions of sale.
- All items are sold as is, where is and with all faults. Capital Online Auctions and the consigning sellers do not offer any kind of warranty expressed or implied as to any item condition, quality or value. Inspection opportunity of items will be posted on the auction information page with dates, time and location of inspection. No refunds will be awarded for errors in the items description, photo, defect, or anything wrong with the asset item. It is the bidder's sole responsibility to inspect the item before bidding. All sales are final. No refunds will be given.
- Bidders are required to submit a valid full name, address, email address and phone number. Capital Online Auctions reserves the right to reject registration of any person or entity.
- All invoices must be paid in full at the conclusion of the auction and will be billed to the credit card on file. If you do not have enough of a credit limit or balance on your card, please do not bid. Capital Online Auctions reserves the right to ban any non paying bidders from future auctions until unpaid invoices are settled in full. Shortly after the conclusion of each auction, all winning bidders' credit cards will be charged. You will be emailed a paid invoice which you will need to bring to the removal during the designated hours. It is the responsibility of the buyer to check their account to see the invoice(Click Members Login, then Invoices). If you have not received an invoice 3 hours after an auction ends, please email our office. It is the buyer's responsibility to email the office if the buyer believes he/she has a winning bid and has not received a paid invoice.
- To bid on an item, you must first register. You need to put your credit card information into our secure server. We accept Visa, MasterCard, American Express and Discover. Your credit card will be authorized for $100 for each auction that you participate in(When you Click Register to Bid and agree to the terms)). The $100 is an authorization, not a charge. It is held by your bank, and will drop off in the amount of time your bank holds authorizations (Normally 1-4 business days after an auction closes) At the conclusion of the auction, your credit card will be charged for the total of all of the winning items. This will be a separate charge from the $100 authorization. Do not bid if you do not have enough credit on the credit card on file. The currency of all transactions is in U.S. dollars. If the high bidder fails to complete the transaction for any reason, the high bidder shall relinquish the right to complete the transaction and shall have no rights or interest in the property, as well as forfeit all down payment monies as liquidated damages. Capital Online Auctions also retains the right to pursue legal actions against bidders who refuse to complete transactions.
- MD sales tax (6%) will be charged for all items located in Maryland. If you will be reselling the item, or if you are sales tax exempt in Maryland you must Email Us your Maryland resale certificate(Maryland does not accept out of state resale certificates) or exemption certificate prior to the auction end date. If the certificate is not received and confirmed prior to the end of the auction, you will be charged sales tax and will have to apply for the refund to the state of Maryland(or state where the equipment is located).
- A buyer's premium is in effect Capital Online Auctions will charge an additional 15% buyer's premium to all invoices. For example if you bid $100.00 on an item and win, your invoice will be charged $100.00 plus a 15% buyer's premium of $15.00 for a total of $115.00 plus any sales tax that may apply.
- Capital Online Auctions and its consigners reserve the right to have a reserve price on any asset. The reserve amount may or may not be displayed depending on the consigned party. Selected items with a reserve will need seller confirmation. Capital Online Auctions reserves the right to reject bids for any reason. Seller bidding: Bidding by the seller of item(s) in this auction is allowed, the seller may buy back an item for the highest winning bid amount or place a bid to cover their reserve price. Reserve Auctions- all auctions are presumed to be with reserve unless stated as absolute.
- Removal of items will take place during designated times determined by the auctioneer. Buyers are responsible for providing their own labor, disconnecting any gas, water or electric lines, disconnecting, taking apart, and removing all items from the premises. Buyers must bring tools, dollies, forklifts, tools, equipment, and personnel to remove the items during the scheduled removal times. If a bidder fails to remove an item with in the time frame allowed, Capital Online Auctions and its consigners reserve the right to deem the item abandoned by the bidder and the bidder will lose any rights to that item. In the unlikely event an item is not available for pickup, an items was falsely represented, or seller will not release an item, the buyer must notify Capital Online Auctions by email at auctionmitch@gmail.com within 24 hours of the pickup date. After 24 hours, the auctioneer and buyer agrees that no adjustment or refund will be made. Any item unavailable for delivery may be exchanged by the auctioneer for a like type item. The auctioneer's and seller's liability is limited to the purchase price plus applicable buyer's premium and sales tax for an item.
- Without limiting the generality of the foregoing, Buyer shall restore and repair all real and personal property that is altered or damaged as a result of Buyer’s removal of the Goods. COA shall have no responsibility to disconnect utilities to the sold asset, including electric, gas, waste and water lines. Buyer is solely responsible to properly remove and store in appropriate containers all fluids, oils, hazardous chemicals, etc., from machinery purchased. Buyer does hereby indemnify COA, the Consignor and the owner of the premises in which the Goods are located, from any and all claims, damages, and losses arising from Buyer’s actions or actions with respect to the Goods and Buyer’s presence on the premises in which the Goods are located, including without limitation, injuries to persons or property and environmental violations or contamination. Risk of loss on any Goods shall pass to the Buyer upon payment in full to COA of all sums due from Buyer in respect to the Goods.
- By registering with Capital Online Auctions you agree to hold harmless both Capital Online Auctions its owner and any consigner against any claim or liability resulting from assets sold, or offered for sale including but not limited to: proximate or consequential damages, failure to comply with local, state or federal laws, and cost or legal expenses arising therefrom.
- No children or pets are allowed at the auction site during inspection or removal.
- All bidders enter the auction removal site at their own risk. Any accident or harm caused is not the responsibility of the auctioneer or the consigner.
- If any bidder fails to complete their transaction, Capital Online Auctions and its consigners reserve the right to dispose of the item at the bidder's expense. The auctioneer and its consigner may offer the item to another bidder. If a bidder fails to complete a transaction they will be barred from future Capital Online Auctions until all transactions are completed.
- Capital Online Auctions is based out of Rockville, Maryland 20850, USA. auctionmitch@gmail.com (301) 717-6336
