SOLD - 1962 Lotus 22 Formula JR Race Car
New Inventory, Description Coming Soon!
BUYER'S TERMS, PROVISIONS & CONDITIONS OF SALE
Bidding. No bid may be retracted by Bidder/Buyer during the sale for any reason, regardless of whether bid is made in person, by telephone, or as an absentee bidder. All sales are final upon the Auctioneer's declaration of sale.
Payment. Payment of the purchase price is due immediately upon the Auctioneer's declaration of sale. Payment accepted by wire transfer only, we do not accept credit cards by phone or web except for the memorabilia. All cash payments will be reported according to U.S. Federal government requirements. Checks are not acceptable. Applicable sales tax will be charged, based on the item's location, unless buyer provides proper tax exemption form. Successful bidder must contact us within 24 hours of auction close to finalize invoicing and payment details. Payment must be received within 3 business days of auction ending. We will notify buyer when full payment has been received and item(s) may be picked up. Titles for titled vehicles will be mailed by certified mail no sooner than 10 days after payment clears our bank.
BUYER'S PREMIUM / FEES:
Memorabilia - 15% of winning bid
Vehicles, Motorcycles, Trucks, Boats, etc - 10% of winning bid
Additional fees: One-time Wire Transfer Fee – Domestic $35.00 / International $50.00
$125.00 Title / Document Fee per Vehicle
Final bid price for On-Site, Telephone or Absentee Bidders does not include 10% Buyer's Premium on automobiles, 15% Buyer's Premium on non-automotive lots, or applicable taxes or fees. Buyer is responsible for all federal, city, state, or other taxes due for which the Buyer does not qualify as exempt. Proof of exemption is Buyer's responsibility. Payment for vehicle is to be immediate and made directly by the Buyer to Sonicbidder.com LLC with Buyer agreeing to pay Sonicbidder.com LLC sales commission as per sale agreement.
Non-Compliance of Buyer, Default and Remedies. If the Bidder/Buyer fails to comply with any of the Conditions of Sale, including, without limitation, a Bidder/Buyer fails to timely pay the full purchase price and/or remove a vehicle when required, the Bidder/Buyer shall be in breach and default of this agreement and shall be liable to Sonicbidder.com LLC, and Bidder/Buyer agrees that Sonicbidder.com LLC shall be entitled to recover from such Bidder/Buyer, any and all damages, costs, expenses, fees (including attorneys' fees) and other amounts suffered and/or incurred. Sonicbidder.com LLC may initiate legal action against the Bidder/Buyer including, without limitation, an action for specific performance, cancel or rescind the sale, resell the vehicle(s) with or without reserve privately or at public auction and the Bidder/Buyer shall be liable for any deficiency between the purchase price (plus all damages, costs, expenses and fees, including attorney's fees incurred by Sonicbidder.com LLC) and the resale price.
Conditions of Sale. ALL SALES ARE "AS IS, WHERE IS." BIDDER IS RESPONSIBLE FOR INSPECTIONS AND VERIFICATION OF CONDITION, AUTHENTICITY, AND COMPLETENESS OF ANY VEHICLE PURCHASED. BIDDER/BUYER EXPRESSLY AGREES NOT TO RELY ON THE CATALOGUE DESCRIPTION BUT THEIR OWN RESEARCH AND INSPECTION. NO WARRANTIES OR REPRESENTATION, EXPRESSED OR IMPLIED, OF ANY TYPE WHATSOEVER ARE MADE BY THE AUCTION COMPANY OR ANY OF THEIR REPRESENTATIVES. FURTHER, NO WARRANTIES, EXPRESSED OR IMPLIED OF MERCHANTIBILITY OR FOR FITNESS ARE MADE. INFORMATION PRINTED IN BROCHURES, CATALOGUES, SIGNS, WINDOW CARDS, AND VERBAL STATEMENTS MADE BY AUCTIONEERS OR AUCTION STAFF ARE REPRESENTATIONS MADE BY THE SELLER, AND SONICBIDDER.COM LLC OR ANY ENTITY THERE OF HAVE ANY OBLIGATION TO VERIFY OR AUTHENTICATE ANY SUCH CLAIMS OR REPRESENTATIONS. NOTWITHSTANDING ANY ANNOUNCEMENT, ADVERTISEMENT, STATEMENT, ASSURANCE OR PROMISE BY, OR ON BEHALF OF SONICBIDDER.COM LLC, OR ANY OF ITS EMPLOYEES, AGENTS OR REPRESENTATIVES, AND NOTWITHSTANDING ANY VERBAL OR WRITTEN CONDITION REPORT PROVIDED BY SONICBIDDER.COM LLC HAS NO OBLIGATION OR RESPONSIBILITY, AND DOES NOT ASSUME ANY OBLIGATION OR RESPONSIBILITY, TO UNDERTAKE AN INSPECTION OF ANY VEHICLE PRIOR TO THE AUCTION. BIDDERS HAVE THE OPPORTUNITY AND THE RESPONSIBILITY AND ARE STRONGLY ENCOURAGED TO RESEARCH THE VEHICLES PRIOR TO THE AUCTION AND CONDUCT THEIR OWN INDEPENDENT INSPECTION AND EXAMINATION OF ANY VEHICLE, ACCOMPANYING SPARE PARTS, DOCUMENTATION, RESTORATION RECEIPTS, AND OWNERSHIP DOCUMENTS RELATING TO A VEHICLE PROVIDED BY THE SELLER TO SONICBIDDER. BIDDERS ARE SOLELY RESPONSIBLE TO SATISFY THEMSELVES, PRIOR TO BIDDING, AS TO THE CONDITION OF ANY VEHICLE AND ALL MATTERS RELATING TO THE VEHICLE, INCLUDING, BUT NOT LIMITED TO, ANY DESIRED OR NECESSARY REPAIRS, RESTORATION OR MISSING PART, YEAR OR AGE, SIZE, SERIAL NUMBER, MAKE, MODEL, OPTIONS, TOOLS, PREVIOUS USE OR OWNERSHIP, PROVENANCE, DOCUMENTS, MANUFACTURING OR RESTORATION PROCESS, DAMAGE, GENUINENESS, ATTRIBUTION, RARITY, OR HISTORICAL SIGNIFICANCE. SONICBIDDER.COM LLC, NOR THE SELLER, SHALL BE RESPONSIBLE OR LIABLE FOR ANY REPAIRS, RESTORATION, REPLACEMENT OF ANY PARTS, OR ANY OTHER MATTER. BY PARTICIPATING IN THE AUCTION, EACH BIDDER/BUYER EXPRESSLY WAIVES, AND AGREES THAT IT WILL NOT SEEK ANY RECOVERY FROM, OR PURSUE ANY CLAIM AGAINST, SONICBIDDER.COM LLC RELATING TO ANY OF THE FOREGOING, INCLUDING, WITHOUT LIMITATION, FOR REPAIRS, RESTORATION OR REPLACEMENT OF PARTS. ANY ANNOUNCEMENTS MADE AT TIME OF SALE SUPERSEDE ANY PREVIOUSLY PRINTED INFORMATION. BUYERS SHOULD NOTE THAT MOTOR VEHICLES SOLD AT THIS AUCTION ARE INTENDED AS COLLECTOR'S ITEMS AND MAY NOT BE SUITABLE TO PROVIDE DAILY TRANSPORTATION AND SONICBIDDER.COM LLC SPECIFICALLY DISCLAIMS ANY WARRANTIES OR FITNESS FOR ANY PARTICULAR PURPOSE. THE AGE, NATURE, AND CONDITION OF THESE VEHICLES MAKES IT LIKELY THAT MAJOR COMPONENTS MAY HAVE BEEN MODIFIED, REPLACED, RESTORED OR REPAIRED IN SUCH A MANNER THAT IT IS IMPOSSIBLE FOR THE AUCTION COMPANY OR ITS REPRESENTATIVES TO INSPECT AND/OR VERIFY THE CONDITION OF ANY LOT TO PROVIDE ANY AUTHENTICITY OF ANY LOT FOR ANY PURPOSE.
Other Terms. Vehicles not marked as "Offered Without Reserve" are subject to a minimum bid set by the Seller. When a vehicle is sold subject to such a minimum bid, the auctioneer may bid on the Seller's behalf in an amount not to exceed the Seller's minimum bid. All terms of sale posted on the auction premises, printed in sale brochures or forms, publicly announced, or otherwise published are incorporated herein by reference. Sonicbidder.com LLC and sellers assume no liability for errors in this listing. Items are sold as is, where is, without any warranties whatsoever, whether express, implied or statutory. Expressly excluded are warranties of merchantability, fitness for use, and purpose and description. Hour meter readings or mileages are unverified information and accuracy is not guaranteed in any way. Any information is gathered from sources believed to be reliable but is not guaranteed to be accurate. Items are available for inspection, and any bidder is solely responsible for personally inspecting the item and verifying any information presented here or elsewhere. Item descriptions and listings are subject to change, correction, updates or cancellation at any time, without notice. Complete terms / payment options may be obtained by calling 877-824-3337 or emailing shana@Sonicbidder.com LLC.
Storage, insurance, tear-down, loading and removal of item is at the sole risk, expense and liability of the buyer. Any items not removed within 30 days after the auction will be charged a daily storage fee at a rate of $25.00 per day by auctioneer.
This instrument, together with the Bidder's Registration Form, Clerk Ticket, Purchase Invoice and Bill of Sale, comprise the entire agreement of the parties and shall be binding on them and their respective heirs, personal representatives and assigns. This instrument shall not be modified except in writing, signed by an officer of Sonicbidder.com LLC in the auction office or at the auction block. The above instruments constitute a contract between Bidder/Buyer, Seller and Sonicbidder.com LLC. ALL PARTIES AGREE THAT THE EXCLUSIVE AND SOLE JURISDICTION AND VENUE FOR ALL CLAIMS, COURT ACTIONS, AND LAWSUITS ARISING UNDER THESE CONTRACTS BE THE COURTS OF THE COUNTY OF LACLEDE IN THE STATE OF MISSOURI AND SHALL BE INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF MISSISSIPPI. THE PARTIES AGREE THAT THEY SPECIFICALLY WAIVE ANY RIGHT THEY MAY HAVE TO HAVE ANY CLAIMS OR ISSUES HEARD IN FEDERAL COURT.
Sonicbidder.com LLC has a copyright on all images and likenesses taken or captured at their events and, by registering as a Bidder, you expressly agree that any and all images or likeness taken or captured by Sonicbidder.com LLC belong to Sonicbidder.com LLC and they have full rights to use in any manner they so choose.
Bidder is responsible for their bidder number and action taken on behalf of your bidder number. Please notify the auction office immediately if you have lost your number.
Should you have any questions regarding the Buyer's Terms and Conditions of Sale, please contact us at 877-824-3337.
You will receive confirmation of registration within 48 hrs. If you do not receive confirmation within this time, please call us at 877-824-3337.
MAIN WAREHOUSE LOCATION 679 W Elm St Suite 8 Lebanon, MO 65536 Inspection and checkout, call for appointments at 877-824-3337.
Sonicbidder.com LLC reserves the right to remove any items advertised or not advertised for any reason including an individual paying the buy it now price. Any car advertised for the sale that is not in the catalog will be updated within 24 hours before the sale goes live.
Autos, Trucks, Boats, Motorcycles
It is the purchaser's responsibility to arrange the shipping. Removal must be completed on or before the 30th calendar day (for domestic property/merchandise) or the 60th calendar day (for export only property/merchandise) after the sale date or the buyer will default the terms of sale and property/merchandise will be resold by the Auction Company. Said property/merchandise shall revert possession back to Seller without further notice to the buyer and will result in any monies paid being forfeited and the transaction shall be null and void as to buyer.
Property/merchandise must be paid in full before removal. No partial release of any lots. Removal is by appointment only and should be made by the buyer with Sonicbidder.com LLC storage vendor only after buyer has received the necessary property release document. It is the sole responsibility of the buyer to remove the property purchased by the removal date. All property/merchandise in a Lot must be released to original buyer at one time. Removal is at the expense, liability, and risk of the buyer. Please do not make flight arrangements or schedule pickups in advance, until you receive authorization via email with a copy of the paid invoice. Memorabilia Auction company will not be responsible for shipping. All shipping will be responsibility of customer and their preferred carrier, if customer has one.
AUCTION END AND BID APPROVAL At the close of the sale, all bidders will be emailed their bid results (online auctions only) and the totals will be forwarded to the respective authorities for final approval. Once we receive approval, you will receive an email notification that your bid has been approved or denied. Payment instructions will be given at that time. Each vehicle is considered a separate purchase. Sonicbidder.com LLC or any other entities involved, in their sole discretion, reserves the right to declare an item sold or postponed, cancel the auction, extend the bidding time for the auction (which may re-open bidding on closed items, if any) and/or re-list the property for auction at another date and time. The decision of Sonicbidder.com LLC or any other entities on this matter shall be final. Bidder acknowledges that, by registering in any auction held by Sonicbidder.com LLC or any other entities, bidder accepts the terms and conditions of this disclaimer.