As a registered buyer ("Buyer") of Vemark’s SalvageNow® Online Auction you agree to be bound by Buyer Terms and Conditions set forth below. Vemark reserves all rights and the specific right to amend these Buyer Terms and Conditions at any time without prior notice to you. In addition, the Terms and Conditions printed on the Release Form, and also the SalvageNow website located at www.salvagenow.com are incorporated into these Buyer Terms and Conditions by reference. All sales are final, "AS-IS", "WHERE-IS" and are made FOB (Freight on Board) Origin and all fees are quoted in U.S. Dollars.
To become an active and approved buying member in the SalvageNow community, the first provider of online salvage vehicles, you will be required to follow the Terms and Conditions that follow. To purchase vehicles you must be a licensed vehicle dealer as required by your state department of transportation. In order to access the SalvageNow site, you also must be over 18 years old and able to form legally binding contracts.
In addition, and prior to the purchase of a vehicle, you will be required to provide the following information to Vemark:
To avoid any improper billing or title handling, please notify us IMMEDIATELY if any of your information changes.
Only companies with licenses in good standing will be permitted to buy vehicles. Vemark reserves the right to refuse services to anyone at anytime. Within two (2) business days of the receipt of the information noted above, you will be granted a password and user name and immediate access to the SalvageNow online vehicle auction site.
As a registered buyer, you will also have access to bid on those cars made available on SalvageNow that are located at salvage auctions which Vemark partners with. Your bids, and your purchases, will be managed through Vemark’s license with those auctions directly and all payment, pick-up and other charges contained within these Terms & Conditions remain in force. Additional Buyer Fees and other special Pool fees may be charged by the salvage auction partner and will be shown to the bidder on each vehicle at the time of bidding (Note additional fees under Fee Schedule).
Finally, please note that each time you have accessed the site; you will be responsible for review of the Terms & Conditions and acknowledge that you are bound by these. This is provided to update Terms & Conditions to keep pace with the consignor requirements as well as maintain a quality auction experience. Should questions, or suggestions, arise regarding the Terms and Conditions as well as the use of the online auction site, please do not hesitate to contact us at (561) 392.6266.
A security deposit of $300 is required from all new SalvageNow buyers for their membership with Vemark's SalvageNow online auto auction. This deposit provides new buyers with immediate access to BidCentral, allowing for access to both online and physical auction vehicles.
DSC number may be entered on the registration page (or My Account page) and verified directly.
Alternate Floor Plan company number and contact info must be provided with dealer's license.
Checks must be payable to "Vemark, LLC" and forwarded to:
Vemark, LLC.
123 NW 13th ST STE 215
Boca Raton, FL 33432
Please contact our office at (561)392-6266 to arrange for credit card payment over the phone.
As a registered buyer and auction participant on SalvageNow Online Auctions, Vemark will uphold the policies set forth below to assure a fair bidding environment and satisfying auction for the Vehicle Consignor and Buyer alike:
Once you have placed a bid, you will be asked to confirm it before submitting it. Once the bid has been submitted, the bid cannot be retracted, deleted, or cancelled and all fees will apply.
Vemark and its vehicle consignment partners reserve the sole and absolute right to reject any bid regardless of the amount. Vemark, on behalf of its partners has the exclusive right, sole and absolute discretion to resolve any and all disputes arising from any SalvageNow auction. Buyers agree to indemnify, defend, and hold Vemark and its partners harmless from any and all liability arising out of decisions made in resolving disputes.
Vehicles auctioned on SalvageNow are awarded on the basis of the consigning partner’s "Approval" and therefore require approval and release by the partner. Vemark offers only a conditional award to the highest bidder and Vemark’s partners have the sole discretion to accept or reject the high bid. Vemark partners have up to five (5) business days to award the vehicle, however this Award Period is typically within one (1) business day from the date of auction close. Vemark makes no guarantees to Buyer for any Award time frame.
Vemark reserves the right not to release any vehicle for any reason. Vehicle Releases are granted by Vemark’s partners after the receipt of sufficient collection of fees from Vemark as received sufficiently directly from the Buyer within two (2) business days from the date of Vemark’s collections. Vemark makes no guarantees to Buyer for any Award time frame.
Vemark and its partner shall not be responsible for any damage that is brought to Vemark’s attention after the vehicle leaves the location where it was sold from. All vehicles sold in the SalvageNow Online Auction are sold AS-IS and WHERE-IS. Buyer is responsible for the vehicle once the vehicle leaves the location as is responsible for inspecting the vehicle carefully before removal from the location.
In the event the Buyer uses third-party transportation companies to transport vehicles purchased, and there is a dispute about the vehicle condition after the vehicle leaves the premises where it was sold, the arbitration claim should be made between Buyer and transporter.
In the event a claim is necessary, the Buyer must go to www.salvagenow.com and select "Help". In the Help Section, you will find the PDF of the Arbitration Claim form which must be completed and faxed to: 561-892-2935 to the Attention of Customer Service within fourteen (14) days. If a claim is not filed within the fourteen (14) day period, it will not be considered a valid or legal claim.
Arbitration claims will no longer be accepted after the vehicle has left the seller’s premises and claims must be submitted via the Arbitration Claim form complete with claim description and photos, if needed. Vemark does not guarantee keys, nor will it arbitrate them. Vemark does not arbitrate claims under $250 dollars.
Vemark requires the following fees be paid prior to the release of the vehicle’s title and the vehicle itself upon award. (Please see Terms & Conditions). Vemark Fees are as follows:
The amount of the Buyer’s Fee is dependent upon the condition of the vehicle. Vehicles outside of these general conditions are subject to an override.
| Vehicle Condition | Vehicle Title | Buyer’s Fee |
|---|---|---|
| Price under $ 1,000 | Unrebuildable/Parts Only | $150.00 |
| Price at $ 1,000 - $ 2,499 | Unrebuildable/Parts Only | $250.00 |
| Price at $ 2,500 - $ 4,999 | Unrebuildable/Parts Only | $300.00 |
| Clean Title Vehicle, minimum | Clean Title/Rebuildable | $300.00 |
| Price at $ 5,000 - $ 7,499 | Any | $400.00 |
| Price at $ 7,500 - $ 9,999 | Any | $450.00 |
| Price at $10,000 - $14,999 | Any | $500.00 |
| Price at $15,000 - $19,999 | Any | $550.00 |
| Price at or above $20,000 | Any | $600.00 |
Please keep in mind that as you are bidding, the Buyer Fee may change during the bidding as the price is changing. For example,
Additional Buyer Fees may be charged on auctioned vehicles assigned by the Vemark salvage auction partner to SalvageNow. You will be able to view these fees at the time of auction on each vehicle as well as view the salvage auction’s fee schedule. SalvageNow will provide the total Buyer Fee to you at the time of bidding which may be higher then those SalvageNow Buyer Fees as a result of the additional salvage auction fees. Each salvage auction maintains their own fee schedule and Vemark cannot guarantee set fees for these vehicles.
The Vemark consignor’s require and strongly enforces, timely payment upon award. As a result of this requirement and consistent with the Terms & Conditions of the site, Vemark requires electronic payment to be made within two (2) business days. After three (3) business days from the time of award, a $50 fee per awarded vehicle unpaid will be assessed and the account will be disabled. After five (5) business days, a penalty of $300 will be assessed and the vehicle will be resold.
After five (5) business days from the time of award of a vehicle, and if payment is not received for that vehicle, the Buyer will be assessed a fee of $300 to relist and resell the vehicle plus the difference between the purchase value and the resold value. The Buyer will be restricted from the SalvageNow online auction site until payment of all fees in full are received.
In the event Buyer does not remit funds in a timely manner for an awarded vehicle and the vehicle is required to be relisted, the Buyer may be subject to "Loss of Revenue Adjustment". The adjustment is the difference between the original vehicle purchase price the Buyer originally agreed to (not including any other fees) and the new purchase price awarded to the back up bidder or Buyer (not including fees). In addition to the adjustment, our consigning partners may require Vemark to cancel your membership immediately for breach of contract and may be permanently restricted from purchasing from any or all selling partners.
In accordance with Vemark’s Terms & Conditions for the SalvageNow online auction site, Vemark will assess a $250* fee per awarded and released vehicle that is not moved from the Seller’s location by the 14th calendar day after the release regardless of who arranges transport. Vemark will assist in the arrangement of transportation, but does not guarantee the transportation by third parties. Buyer will be required to make full payment of such fee and any other storage or pool charges assessed by the location for tardy removal of the vehicle.
* Trucks such as box trucks, vans, buses, etc. are subject to higher penalties due to size and difficulty of transport. This fee does not include local storage costs these are paid by the buyer directly to the location at the time of pick up.
Vehicles purchased via SalvageNow and located at Vemark’s salvage auction partners, may be subject to additional fees resulting for late pickup. Vemark does not guarantee a set fee schedule for these auction partners; however at a minimum, Vemark’s policy above will be in force.
Be advised that you may be subject to other fees incurred as a result of specific State Laws. Because Vemark facilitates commerce between rental/fleet/lease/insurance and dealer/rebuilder/recyclers, and all sales made on SalvageNow are AS IS and WHERE-IS, Vemark does not further represent vehicles beyond its duties to inform Buyers of fees. However, Vemark attempts to provide knowledge of specific state fees as they arise in order to better inform you.
Oklahoma applies and excise tax to any clean, Oklahoma titled vehicle that is sold to a registered Oklahoma Dealer unless that dealer is buying a model that matches their franchise. i.e.: a Chevrolet dealer buying a Cavalier. If this situation applies, you are subject to the excise tax directly from the state of Oklahoma and not from Vemark. Vemark will not further advise nor collect and fees related to this situation.
Vemark requires all payments to be made in accordance with its invoices and the Terms & Conditions of the SalvageNow online auction site before a vehicle may be picked up or transported. All payments must be made electronically to Vemark as noted on the Invoice received by the Buyer. Checks, Money Orders, Certified Checks or other non-electronic means of payment will not be honored or regarded as payment. All payments must be made in U.S. Dollars.
Payment for an awarded vehicle involves the following:
All vehicle payments are due payable within three (3) days of the Date of Award. After such time, buyer will be subject to additional late penalties as described in the Fee Schedule.
Please note that all payments made to Vemark for a single transaction of $10,000 or more in cash are reported to the IRS using Form 8300. This includes small, sequential payments for a single transaction.
You are required to include the Car ID #(s) on all wire payments. You are required to send a fax of the signed Invoice and confirmation on any wire transfer made related to the vehicle(s) you have purchased via the SalvageNow online auction site. Failure to provide this confirmation will result in a delay of recording your payment as well as the risk of additional penalties and late fees with the ultimate penalty potential of a loss of the vehicle.
When providing the confirmation, make sure that your confirmation clearly identifies the following:
Send us a copy of your vehicle invoice(s) along with the wire confirmation recorded on it to confirm payment. All confirmations are to be faxed to: (561) 392.4483 Attention: Accounting
Vemark’s SalvageNow online auction facilitates the sale and the transactions that occur within an auction between the individual buyers and the sellers (vehicle consignors). As a result of this model, Vemark has no control over the delivery of the actual title, and as such does not guarantee either the type of title or a time frame for title delivery. Vemark appropriately discloses all Title information, as it is received prior, during or after the sale. Furthermore, all information regarding the Vehicle Title Type (clean title, Rebuildable salvage, certificate of destructions, etc.) are determined exclusively by the legal status of the title, obtained from either a statement by the seller or from the actual title document.
Vehicle history records may reside in other third party databases or at external sources that have not altered the legal status of the specific vehicle title.
Depending on the seller and the location of the vehicle, a specific vehicle may have accrued storage charges. Furthermore, depending upon circumstances after the award of the vehicle to the buyer, storage charges may accrue after the sale. If a buyer is required to pay any charges relating to storage or vehicle removal it will be detailed within the vehicle information page. Regardless of storage or removal charges, vehicles should be removed within seven (7) days of the vehicle release date and no later than fourteen (14) days. Individual Sellers may have additional or special requirements.
It is the buyer’s responsibility to remove the vehicle in a timely manner as well as to call the location and exact contact listed 24 hours in advance of pick-up as noted on the Release From. Vemark does not guarantee the vehicle location nor will process arbitration claims for dry runs, change of location or other. Vemark maintains the fairest vehicle auction representation possible within its capabilities, but has not physically visited the location of the vehicle or physically view the vehicle. Buyers are strongly urged to call the proper contact as early as possible and to coordinate with Vemark well in advance of the fourteen (14) day pick up time limit.
If the awarded and released vehicle is not picked up or transported off of the Seller’s location by 3PM EST on the 14th calendar day after the date of release, the buyer will:
As a Buyer on SalvageNow, you are responsible for making your own pick up or transportation arrangements. Vemark provides a transportation service designed to provide assistance to your efforts as a value to you at no additional cost. However, Vemark is not responsible for timely pick up or transport. Furthermore, Vemark provides transportation estimates with the car view on the SalvageNow site. These are ESTIMATES and require further review and confirmation by you. Vemark will not guarantee those rates.
Placement of a bid constitutes an obligation for the Buyer to complete the transaction. A buyer may raise a bid, but a bid may never be lowered. Furthermore, like all auctions, bids may not be cancelled once the buyer places them. In the event that a buyer defaults on a bid, fee penalties will result as follows:
Finally, when the penalty fees have been assessed, the buyer will be unable to place new bids until all penalty fees are paid in full.
Vemark affirms to the best of its knowledge that all information provided with each vehicle is accurate but has not been explicitly verified. Vehicle listings and damage information is provided by outside parties and, as with any damaged item, is subject to missed or hidden damages not specifically described. In addition, neither Seller nor Vemark are responsible for damages to vehicles caused by Acts of God once the Seller has released the vehicle to the Buyer on SalvageNow acknowledging the sale is completed. Vemark and/or the individual seller are not responsible for individual vehicle damages. All vehicles are sold AS-IS and WHERE-IS . There is no warranty provided by Vemark, either expressed or implied on any vehicle. All Sales are final.
Vemark and its selling partners provide our services "AS-IS" and "WHERE-IS" without any guarantee or warranty express or implied. Vemark and its partners specifically disclaim the implied warranties of title, merchantability, fitness for a particular purpose and non-infringement. Some states do not allow the disclaimer of implied warranties, so the foregoing disclaimer may not apply to you.
The use or attempted use of any software, device, or other method to interfere with the proper working of the SalvageNow site or any related function is prohibited. Any person or persons found in violation of this provision will be immediately barred from access to the SalvageNow network. These persons will be prosecuted to the fullest extent of the law.
In the event of a breach of this agreement or if we are unable to verify or authenticate any information you provide Vemark may immediately issue a warning, temporarily suspend, indefinitely suspend or terminate your membership, remove any of your current auction activity, or remove any other information you place within our system. Breach of this agreement may constitute grounds for additional legal action not specifically outlined in this agreement.
Vemark shall not be liable for lost profits or any special, incidental or consequential damages arising out of or in connection with this agreement or with the use and the purchase of vehicle(s) using Vemark’s SalvageNow system. The maximum liability of Vemark to our or any third parties in any circumstance is limited to a complete refund of the buyer’s fee paid to Vemark for the disputed transaction.
All aspects of your dealings with Vemark and/or our suppliers shall comply with all applicable laws, statutes, ordinances and regulations. This Agreement shall be governed in all respects by the laws of the State of Florida.
You and Vemark are independent contractors, and no agency, partnership, joint venture, employee-employer or franchisor-franchisee relationship is intended or created by this Agreement.
