AUCTION LIGHT SYSTEM

$3,000 and Under Bid Price Vehicles sold for $3,000 or less, with 200,000+ miles or 10+ years old, are automatically sold “AS-IS,” regardless of light condition, and are not subject to arbitration. Transactions must be settled immediately.

Green Light - "OK with a Drive" Seller declares vehicle subject to all arbitration policies. Buyers have 1 hour from bid time to check for major defects, after which the vehicle must be paid for immediately. Arbitration applies if the repair cost exceeds $800 (wholesale parts, not including labor). Only one person allowed for the test drive. Visible defects are not subject to arbitration. “IF” Sales follow the same policy and timeline as Green Light sales.

Yellow Light - "Caution" Seller must announce the condition subject to arbitration. For vehicles with "NOT ACTUAL MILEAGE," "MILEAGE DISCREPANCY," or "TMU" (True Mileage Unknown), ask the auctioneer to repeat the announcement. Units 2010 and older are exempt from federal odometer disclosures.

Red Light - "AS-IS" - No Arbitration Sold with no arbitration. The unit is subject to any and all defects except for odometer or title brand issues. Vehicles sold under the Red Light are not guaranteed against frame damage or cracked blocks. No test drives allowed, and the vehicle must be paid for immediately.

Blue Light - "Title Delay" Public buyers should avoid purchasing Title Delay vehicles, as registration cannot be completed until the title is present. The vehicle does not come with a negotiable title at the time of sale. Title may take up to 30 DMV business days to arrive at the Auction. Buyers should not spend money or damage the unit until the title is received. If the title is delayed for more than 30 DMV business days, the buyer can return the vehicle but must notify the Auction 48 hours before returning. Should the buyer want to continue to wait and not return the car after 60 days, the buyer is then responsible for contacting the seller directly for title availability and LVAA resumes no responsibility to produce title to the vehicle after 60 days.

White Light - "Mileage" Odometer reading reflects 100,000+ miles. Units 2010 and older are exempt from federal odometer disclosures.

       GENERAL POLICIES

  • All Buyers & Sellers (Public & Dealers) must register before conducting business.
  • Units purchased must be test-driven and paid for within 1 hour if sold with a green light.
  • Titles must be in the Seller’s name; foreign titles are not accepted.
  • All transactions must clear through the office.
  • If “Title Delay” is not announced, the Buyer may reject the vehicle immediately. If accepted, the deal becomes binding under "Title Delay" terms.
  • Buyers must verify serial number, model year, and mileage before leaving the auction. No vehicle will be sold without a serial plate.
  • Sellers must announce conditions of all vehicles; Buyers must pay attention to announcements.
  • Police, taxi, municipal, fire, salvage, reconstructed vehicles, motorcycles, boats, and trailers must be sold under the red light. Failure to announce conditions would result in a no sale.
  • Vehicles under $3,000 are "AS IS" and not subject to arbitration except for odometer or title issues. Odometer issues must be reported within 2 days. Units 2010 and older are exempt from odometer disclosure.
  • The Auction does not guarantee the year of foreign vehicles, trailers, motorhomes, boats, antiques, or motorcycles. Sellers must announce the year and chassis details.
  • No warranties on warranty books or plates, and no guarantee on odometer accuracy.
  • Vehicles must have a gate pass before leaving the premises.
  • "IF" sales are binding until 5:00 PM the next business day. If no agreement is made, the deposit will be refunded.
  • Titles with corrections or alterations are not accepted.
  • The Auction reserves the right to void any transaction.
  • Sellers must take back vehicles with documented odometer rollback issues. Odometer and title brand issues must be resolved within 2 days.
  • Vehicles left on Auction premises are at the owner’s risk.
  • Buyers are responsible for mechanical failure once they sign the invoice and leave the premises.
  • Vehicles over 125,000 miles or 10 years old and exotic vehicles are not eligible for Post-Sale Inspection (PSI). Eligibility for PSI is subject to LVAA’s discretion. Ask if PSI is available on a vehicle before purchasing vehicle as this is not grounds for refusal.
  • Auction policies may change without notice.
  • After 30 days from the sale date of purchase LVAA is exculded from all liabilities and any disputes are strictly between the buyer and seller of vehicle. 

Arbitration Policies

Online buyers have the option to add a PSI at the time of purchase. All PSIs must be requested the day of the sale. LVAA reserves the right to not give out results of PSI inspections. Resolutions to an arbitration may include payment or credit to the buyer instead of canceling a transaction. In no event will a buyer be entitled to a remedy through arbitration for more than the price such buyer paid for the vehicle. One arbitration per vehicle only. If a credit or repair payment is made to the buyer, the vehicle becomes “As-is” and is not subject to further arbitration. Should a sale be deemed canceled after the vehicle has been delivered to the buyer, the buyer will be responsible at its own cost for the safety and security of the vehicle and any damage that may occur to, or theft of vehicle until returned to the auction at their own expense.

Subject to Arbitration

        Unless announced or sold "AS-IS," the following are subject to arbitration:

  • Motor knock, or transmission slippage
  • Significant body/frame damage, including rot or extensive frame repairs not announced
  • Air conditioning issues (for vehicles under 3 years old)
  • One single Mechanical defect over $800 (wholesale parts only, excluding labor)
  • Altered or removed emission equipment (except catalytic converters)
  • Units unsafe to operate on the highway
  • Title brands P, R, or X
  • A defect or concerning condition that was not disclosed in the condition report, photos, disclosures, or other information provided by LVAA.
  • Any accepted adjustment automatically becomes an "AS-IS" transaction

                 Arbitration Process

Arbitration complaints must be filed within 1 hour of bidding at the arbitration     office and settled before leaving the premises. Online buyers have the option to add a PSI at the time of purchase. All PSIs must be requested the day of the sale. LVAA reserves the right to not give out results of PSI inspections. Resolutions to an arbitration may include payment or credit to the buyer instead of canceling a transaction. In no event will a buyer be entitled to a remedy through arbitration for more than the price such buyer paid for the vehicle. One arbitration per vehicle only. If a credit or repair payment is made to the buyer, the vehicle becomes “As-is” and is not subject to further arbitration. Should a sale be deemed canceled after the vehicle has been delivered to the buyer, the buyer will be responsible at it’s own cost for the safety and security of the vehicle and any damage that may occur to, or theft of vehicle until returned to the auction at their own expense.

Not Subject to Arbitration

  • Trunk or door keys
  • Vehicles with 200,000 miles or more
  • Inspection stickers or issues with brakes, front-end, or PA inspections, unless deemed unsafe by the Auction
  • Visible body damage, including broken glass, upholstery, or accident damage
  • Factory options like soft/hard convertible tops
  • A/C unless vehicle is less than 3 years old
  • Minor leaks in transmissions or engines (except excessive leaks in front-wheel or four-wheel drive units)
  • Backlash (unless unsafe or in front-wheel drive vehicles)
  • Engine smoke or noisy valves, cam phasers, or lifters
  • CV joints or boots on front-wheel drive vehicles
  • No catalytic converter or exhaust
  • Frame damage from normal use (e.g., scratches, jack marks)
  • Low air pressure
  • Noises or conditions typical to a specific model or manufacturer.
  • Known or inherent transmission shudder issues with CVT Transmissions
  • Hail damage
  • ADAS (Advanced Driver Assistance System)
  • Blow-by on diesels
  • Issues related to wearable items regardless of repair cost. Wearable items include but not limited to tires, wipers, brake pads, shoes, rotors, belts, lines & hoses, seals & gaskets, lubricants/fluids, spark plugs & wires, ignition coils, timing belts/chains, bulbs, filters, shocks & struts, suspension, steering, exhaust and standard transmission clutches.
  • Head gasket leaks, unless causing an internal engine leak where oil and or coolant leaks into the combustion chamber, resulting in oil and or coolant consumption evident by smoke from the exhaust tailpipe or oil and coolant intermix.
  • Vehicles cannot be arbitrated solely based on EVHD- Electronic Vehicle History Data such as Carfax or AutoCheck. EVHD records are not grounds for arbitration, checks must be done before bidding.
  • Rear main seal oil leaks on vehicles 10 years or older or vehicles with 100,000 miles or more.
  • Hybrid components and recalls are not subject to arbitration.
  • Suspension issues such (ex air ride) are not subject to arbitration
  • Title brand “T” is not subject to arbitration. 

 

AS-IS Sales

  • Vehicles sold for $3,000 or less, with 200,000 miles or more, or 10 years or older are sold “AS-IS” with no returns for any reason, including frame damage, cracked blocks, or excessive rust.
  • Units 2010 or older are exempt from federal odometer disclosures. Mileage discrepancies are not grounds for refusal.
  • Any error in automatically generated information cannot be used as grounds for refusal.

Additional Notes

  • The Auction allows a deviation of 300 miles above or below the mileage listed on the title.
  • Check engine lights, airbag lights, ABS, and related traction lights are considered visible defects.
  • Sellers and the Auction are not responsible for canceled factory warranties or sludge announcements.

Dispute Resolution: In the event of a dispute outside the arbitration policy, the sole court for resolution is the district justice assigned to Magisterial District #31-1-07. If LVAA is successful in any proceedings, the losing party is responsible for all court costs and LVAA’s attorney fees. THE DECISION OF AUCTION MANAGEMENT SHALL BE FINAL IN ALL DISPUTES