By accepting the terms and conditions of this auction you acknowledge you are entering into a legal and binding contract: 

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

• A 2% fee with a maximum charge of $500 per item applies to items purchased on Live Webcast Auctions.
• A 10% fee with a maximum charge of $1000 per item applies to items purchased on Timed Online Auctions.

You agree to make payment for all online purchases in U.S. Funds within 2 business days or less of receipt of invoice.Acceptable forms of payment are: bank wire transfer, check by phone (319-385-2000), or check by fax (fax # 319-385-4709 Attn: Accounts Receivables) within 2 business days unless financing through one of our approved lending sources. To issue a check by fax, simply make a check as you normally would and fax it to our Mt. Pleasant office (fax # 319-385-4709 Attn: Accounts Receivables).

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.

ALL APPROPRIATE STATE SALES TAX LAWS WILL APPLY PER THE LOCATION AND 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 can provide an exemption form.

If you have any questions concerning a piece of equipment and possible sales tax, please contact the appropriate state government agency for that location.  Listed below are links for MN Department of Revenue,  ND Tax Commissioner and Iowa Department of Revenue. 

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

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 ND farmer.

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

• They complete an exemption certificate with a ND sales tax permit number
• The purchased goods are shipped to them 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/.

No items will be released until full payment clears our office. For payment questions contact Misty Burns at 319-385-2000 or email Misty.Burns@SteffesGroup.com  

Steffes Group, Inc. and it's Employees act merely as agents for sellers. All auctions are with reserve unless specifically stated otherwise. Reserves, if any, ARE NOT disclosed unless advertised 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, Inc. and their 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.

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 it's present condition at it's 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 four minutes. Timed online auctions normally close at a rate of one lot per minute. Steffes Group, Inc. reserves the right to close multiple lots per minute at their 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, Inc. it's employees, and their 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 their 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 their 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. 

When using our online auction services you are making firm commitments 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. You also acknowledge that the Internet may be an unreliable and error prone network. Steffes Group, Inc. 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 their employees harmless for any interruptions in online bidding. Further, the auctioneer has the sole discretion to accept or refuse any bid. Steffes Group, Inc. retain 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, Inc. (referred to as Steffes Group or Company) 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, Steffes Group will determine the appropriate disposition approach which may include:

a. Removing and disposing as the company sees fit.

b. Allowing seller to retain or scrap.

c. 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:

a. 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.

b. Sell the item(s), whereby Steffes Group, Inc. will remit the sales proceeds to the buyer, less selling and advertising expenses, storage costs, plus 20% administrative fee.

If a buyer has not removed the purchased item(s) from selling location within 8 business days after the close of the auction with the winning bid, 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.