TERMS:

Terms & Conditions

By accepting the terms and conditions of this auction you acknowledge you are entering into a legal and binding contract. You agree to abide by all terms and conditions and you acknowledge receipt of all explanations and information made available by Steffes Group, Inc., also referred to as Steffes Group or Company. 

SPECIAL TERMS FOR THIS AUCTION:

• The successful bidder will be required to enter into a Land Lease Agreement with the West Fargo Airport Authority and abide by all rules and regulations of the lease. The successful bidder is required to own an aircraft and use the hangar primarily for the storage of aircraft. The complete lease agreement is available upon request or for download at SteffesGroup.com.
• 2016 Taxes will be prorated to the day of the auction based upon best available estimates. 
  

Payment

When paying within the stated time and with our acceptable payment methods: 

• This auction does not have a Buyer's Premium 
  

You agree to make payment for all online purchases in U.S. funds within 2 business days of receipt of invoice by one of the acceptable forms of payment unless approval of financing arrangements is made with Steffes Group. To issue a check by fax, simply write a check as you normally would and fax a copy to us. All NSF checks will be charged a $30 fee. Checks by mail are not an accepted form of payment. Any other form of payment, other than the listed acceptable payment methods are subject to an additional 3% buyer's fee on the full amount of the purchase. No items will be released until full payment clears our office.

Acceptable forms of payment:

• Bank Wire Transfer; please call for wire instructions to be emailed to you.
• Check delivered to our office that held the auction
• Check By Phone

West Fargo, Sioux Falls, Grand Forks 701-237-9173

Litchfield 320-693-9371

Mt. Pleasant, Ames 319-385-2000

• Check By Fax

West Fargo, Sioux Falls, Grand Forks 701-237-0976

Litchfield 320-693-9373

Mt. Pleasant, Ames 319-385-4709

Sales Tax

All appropriate state sales tax laws will apply per the location and type of seller of the piece of equipment.

Please note that Minnesota does not consider regularly-scheduled consignment auctions as "auctions" but rather "consignment auctions," requiring sales tax to be charged unless the buyer provides an exemption form for qualifying items.

For purchases in South Dakota you are not exempt from any sales tax unless a 3^rd party transports your items and you take possession outside of the State of South Dakota. In that case, the state laws where you take possession are effective. There are exceptions for dealers (retailers).

Click on the following for a tax exempt form: Minnesota Tax Link    North Dakota Tax Link    Iowa Tax Link 

If you have any questions concerning sales tax on a piece of equipment, please contact the appropriate state government agency at the location of the item on auction. 

ND Sales Tax Terms for Canadian Customers

 Used Farm Equipment

The sale, at auction, of used farm machinery to a Canadian farmer for agricultural use is exempt from sales tax the same as a North Dakota Farmer.

The purchase, at auction, of used farm machinery by a Canadian farm equipment dealer (retailer) would be sales taxable unless:

• You complete an exemption certificate with a ND sales tax permit number
• The purchased goods are shipped by a 3^rd party to you in Canada - in this case a delivery receipt must be provided to Steffes Group.

 New Farm Equipment

The sale, at auction, of new farm machinery to a Canadian farmer for agricultural use, or a Canadian farm equipment dealer (retailer) is taxable at the current state rate of 3% plus any local sales tax if applicable.  The law also provides that Canadians may apply for a refund of the tax paid when meeting certain requirements.  This form and conditions of use are available online at http://www.nd.gov/tax/salesand%20use/canrefund/. 

Agents for Sellers
Steffes Group, Inc. and its Employees act merely as agents for sellers. All auctions are with reserve unless specifically stated otherwise. Auctions are with undisclosed reserves unless advertised otherwise as "Absolute."  Auctioneers, at their discretion, may place a reserve bid on behalf of the seller. All final bids are subject to the seller's confirmation. Only the top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied as to any items being sold, and you agree to purchase and accept the item in an as-is condition. Information on items is obtained by us from the sellers and you hereby agree to hold harmless Steffes Group and our Employees for any errors or omissions regarding the item(s) being sold. This information includes but is not limited to year, model, machine or engine hours, physical condition, options, features and other data pertinent to the value of the item. All items are sold As-Is-Where-Is unless specific factory or seller issued warranties are listed in the item description.

Inspection

You acknowledge that you have the right and responsibility to inspect the item(s) personally, or to have a third party representative inspect the item(s) for you. That by bidding on an item you have agreed to accept that item in its present condition at its present location and with the description provided whether accurate or not. 

Auction Close

Timed-online auctions will begin to close on the date and time listed. Lots will remain open until no bids have been placed within the last 4 minutes. Timed-online auctions normally close at a rate of 3 lots every 2 minutes. Steffes Group reserves the right to close multiple lots per minute at its discretion. Upon your accepted bid of an item, that item shall immediately become your responsibility and be at your risk (whether you have paid for that item or not). You agree that Steffes Group, its employees, and its sellers are not responsible for lost, stolen or damaged items and will not reimburse or discount items for any type of loss. Buyers are responsible for any costs incurred to prepare your item(s) for transport and/or shipping. This includes, but is not necessarily limited to, the cost of any rigging, dis-assembly, special loading requirements, transport, packaging, insurance, and all other costs related to physical transfer of your item(s). You agree to remit payment and remove from the auction property any purchases within the stated time for the auction being conducted. You further understand and agree that failure to remove items in the stated time for the auction will subject you to moving and storage fees unless arrangements have been made with the seller. 

Buyer Default

When using our online auction services you are making a firm commitment to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason. 

Non-paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. 

Internet Risk

You acknowledge that the internet may be an unreliable and error-prone network. Steffes Group will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Steffes Group, Inc. and its employees harmless for any interruptions in online bidding. At the sole discretion of the Company, the auction may be suspended, postponed, or cancelled if internet service is unstable or disrupts the online portion of any event that is simulcast as an Internet Auction. 

Further, the auctioneer has the sole discretion to accept or refuse any bid. Steffes Group retains the right, at our sole discretion, to add, delete, or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. 

Abandonment Policy

Steffes Group provides this Abandonment Policy to inform you of our policies and procedures regarding any purchased item(s)/property that has not been removed by a buyer in a timely manner. Upon winning the bid for an item(s), after paying for item(s) purchased, a buyer is obligated to remove the item(s) from the auction site within a timely manner. 

Steffes Group may deem a buyer's failure to claim and remove equipment within 60 days following the close of an auction as evidence of buyer's intention to abandon the property. In these instances, the Company may take action that is adverse to buyer's interest in the property, including, but not limited to steps to dispose of the property. 

Disposition of property may include a variety of approaches based upon the buyer's purchase price of the property as follows: 

1) For those items with a final selling price of $5,000 or less, the Company will determine the appropriate disposition approach which may include:

• Removing and disposing as the Company sees fit.
• Allowing seller to retain or scrap.
• Sell the item(s), whereby the Company will remit the sales proceeds to the buyer, less selling and advertising expenses, storage costs, plus 20% administrative fee. 

2) For those items with a final selling price of greater than $5,000, Steffes Group may remove the item from the selling location and resolve as follows:

• The Company may reimburse the seller on the buyer's behalf for storage fees of $25 per day, with the total amount not to exceed $1,500.
• Sell the item(s), whereby the Company will remit the sales proceeds to the buyer, less selling and advertising expenses and storage costs, plus 20% administrative fee. 

If a buyer with the winning bid has not removed the purchased item(s) from selling location within 10 business days after the close of the auction, the buyer will be responsible for directly paying the seller any and all storage fees if levied by the seller. If levied by the seller, storage fees will be $25 per day beginning the 10th day after the close of the auction/winning bid.