Raptor Aviation is owed approximately $25,000. Unique One is owed approximately $8,000. Seller, Contact Aviation, is owed approximately $65,000. After auction, all liens will be satisfied, and purchaser will have free and clear access to this aircraft.

INSPECTIONS:

Inspections can be made by appointment only.

Please contact John Shirk for more information and to set up a time for inspecting the aircraft at 248-666-0316.

PAYMENT AND TERMS:

Once the bid has been approved, purchaser is must wire a $10,000 deposit to Repocast.com. Remainder of balance must be made within 7 days of the auction to Repocast.com.

FAA Paperwork must be filled out by purchaser with Contact Aviation and submitted within 14 days of the auction.

Bidders are responsible for inspections prior to bidding on aircraft. This is an as-is / where-is sale to satisfy a Hangar Keeper’s Lien.

Based at Oakland County International Airport, PTK / Contact Aviation

Address: 1675 Airport Rd, Waterford, MI 48327

Inspections can be made by appointment only.

Please contact John Shirk for more information and to set up a time for inspecting the aircraft at 248-666-0316.

Once the bid has been approved, purchaser is must wire a $10,000 deposit to Repocast.com. Remainder of balance must be made within 7 days of the auction to Repocast.com.

FAA Paperwork must be filled out by purchaser with Contact Aviation and submitted within 14 days of the auction.

Bidders are responsible for inspections prior to bidding on aircraft. This is an as-is / where-is sale to satisfy a Hangar Keeper’s Lien.

A wire transfer deposit of $10,000.00 immediately upon approval of bid.  The balance is due within 7 days after auction and may be paid by:

• Cash
• Wire Transfer (details included with invoice)

IMPORTANT INFORMATION:

1. Payment of $10,000+ with cash, or specific forms of payment (cash, money order, cashier’s checks with a face value of less than $10,000.00 each) which combine for a total of $10,000+ will require completing the IRS 8300 form. A cashier’s check with a face value of $10,000+ will not require the IRS 8300 form.

2. Wire Transfer is the preferred method of payment for this type of transaction.

A 10% buyer’s premium will be added to final approved bid price, which is a fee paid by the buyer in addition to the approved bid price. 

Explanation of Sales Tax on Buyers Premium

All bidders will be subject to 6% State of Michigan Sales Tax.

If you are claiming tax exemption, please review options within your online account to complete an electronic Michigan Sales Tax Exemption claim.

Sales tax is calculated on total sales price which includes Buyer's Premium (therefore Buyer's Premium is also taxable).

Explanation of Sales Tax on Buyers Premium

This means that an items sale is contingent upon receiving the approval of Lien Holders affiliated with that particular piece. 

The highest bidder will be notified if the final bid amount was approved or declined. 

Auction Company lists the options that the item may have, however all options have not been tested or verified to be in working condition.

Operating condition of vehicles (including autos, trucks, semis, recreational, etc.) and/or options of same, Auction Company does not conduct a road test, nor are the vehicles inspected for mechanical defects. Testing is limited to driving vehicle within our auction facility lot only. Please rely on your own inspection prior to bidding.

All high bids are considered legal binding contracts and all sales are final. All items are sold "as is where is", with NO guarantee, warranty, or possible refund written, expressed, or implied. The working/running condition of an item may not be known and may not always be listed in the items description. Sometimes we do know and list the condition of the items, but many times do not.  Please note that all sales are final regardless of the purchase items condition, unless the discretion of a Repocast Manager deems differently. 

All items sell AS IS - WHERE IS WITH ALL FAULTS and with no warranty of any type expressed or implied as to the merchantability or fitness for any particular purpose of any goods offered in this sale. All sales are made on an AS IS - WHERE IS WITH ALL FAULTS basis.  All buyers are urged to physically inspect the item prior to bidding during the inspection period.  No bids can be withdrawn once submitted before, during or after the auction for any reason. BUYER agrees that these terms as well as all other terms set forth below, can be amended or revised only in writing, signed by the auctioneer.  BUYER also agrees that any oral representation made by the auction company or its agents shall not modify these "AS IS - WHERE IS WITH ALL FAULTS" terms.  BUYER understands that any description given, written on the equipment, or advertised by any other means is not guaranteed, and BUYER will rely entirely on their own inspection. All information and descriptions contained in advertising this sale are believed correct, but no responsibility is assumed by Auction Co., or Seller for any errors or omissions.

NO REFUNDS, RETURNS, OR EXCHANGES. All items sold "AS IS WHERE IS" with all faults.

Liquidated Damages Fee:

BIDDER explicitly authorizes the charging of his or her credit card for the liquidated damages fee which are applied when bidder/buyer’s invoice(s) are not paid in full within 8 days of auction date.

Liquidated damages fee will equal up to 20% (or minimum of $25.00) of total purchase price during the auction or immediately following the auction. Note that the purchase price is the sum of the bid price, buyer’s premium, buyer's fee, and sales tax if applicable.

Liquidated damages fee is assessed based on damages to be recovered by Auction Co.; although actual damages are difficult to ascertain because of risk and costs associated with re-listing an item, storing it for an undetermined amount of time and, in certain circumstances, needing to physically relocate an item.

Storage fees:

At the discretion of the auction company, item(s) that are paid in full may be held/stored for an additional 5 days for prearranged customer pickup.

BIDDER explicitly agrees to pay accumulated Storage fees which will apply at $2 per lot per day for the additional 5 days held by auction company. Items will not be held/stored beyond a total of 13 business days from date of auction, at which point will be considered abandoned and will be relisted on auction offering for sale to public.

We do not accept partial payments. Invoices must be paid in full. All payments must be in U.S. Funds.

All consignments must be dropped off at Repocast.com no later than 9 days prior to the auction day.  Please contact us at (866) 550-7376 for additional information regarding items you wish to sell. 

Do You Have Items to Sell?

Posted closing times and displays of Auction Co.'s current time are approximate. Auction Co. reserves the right to close early or extend auctions at any time at its discretion. It is strongly recommended that bids be placed early to avoid losing out due to an ill-timed, last minute bid. All times based on Eastern Standard Time. Dynamic bidding - The dynamic bid on this website is a feature that does NOT allow an item to sell at the end of the auction until there is 10 minutes of bidding inactivity. Example - An item is bid on at 7:50pm. An auction is scheduled to close at 8:00pm. When this bid is placed the ending time will automatically extend to 8:10pm. When another bid is placed at 8:01 the auction will extend until 8:20pm. This will give bidder 19 minutes to place another bid.  If no bids are placed this auction will conclude at 8:20pm. The key to your dynamic bidding feature is that the auction extends from the preset closing time in 10 minute intervals, NOT 10 minutes from when you placed your bid. 

You can place bids on an item before the auction starts, this is especially helpful if you will not be available on the day of the auction.

When an item status shows as “Pre-Bidding” this simply means that bids placed are not displayed on the auction site until the date the auction is scheduled to open.

Although there may actually be pre-bids placed on the item, an item in pre-bidding status will show # of bids placed as 0 and the current bid (required bid) will show as the opening bid.

You may place a pre-bid through the same process as normal bidding. You can monitor & view your bidding activity on items in pre-bid status from your Watch List.

When you place a pre-bid, if you are notified that your bid is not higher than another user’s pre-bid this means that another bidder(s) has already placed a pre-bid equal to or higher the amount of the pre-bid you are attempting to place. You will need to raise your pre-bid if you want to be in the winning position.

All pre-bids will be tallied and shown when the auction actually begins. 

A bid may be placed for any amount equal to or greater than the current required bid amount, which means your bid amount is not required to be an increment of the posted bid increment.

Example:

•     Current bid at $10.00 with a bid increment of $5.00.     
  
•     Minimum bid required would be $15.00.   
  
•     A bid may be placed for any amount equal to or greater than $15.00.    
  
•     The bid amount is not required to be in increments of $5.00; therefore a bid could be placed for $17.00 or $76.00 or whatever amount you wish to bid as long as it is equal to or greater than the minimum bid required.    
  
•     The winning bid may end up at any amount. It may not be divisible by the stated increment. The winning bid will be the highest   
  
• Refer to Automatic Bidding section for further explanation of the convenient method of placing an automatic bid. 
  

Automatic Bidding (auto bid) option makes bidding convenient allowing you to enter the maximum bid amount* that you are willing to bid on an item. Based on your Account Preferences for notification, you may be notified whenever your auto bid increases &/or when it is exceeded.

The auction company or other bidders do not have access to see your auto bid amount. You are the only person that can see your auto bid amount (displayed in your Watch List).

Your auto bid will not “jump” to the maximum amount. The auto bid will increment up only with competing bids until either the item completes with you as the high bidder, or until your auto bid has been exceeded by another bid.

If another bidder already has an auto bid in place when you place your auto bid, the (2) competing auto bids will continue to increment until either the lower auto bid is maxed out; or if both auto bid amounts are the same the auto bid that was placed first will become winning position of the bid.

Example #1:

1. Minimum bid is at $10.00 with a $5.00 bid increment.
2. Bidder #1 places an auto bid for $77.00.   
3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00. 
4. Bidder #2 places an auto bid for $23.00. 
5. Bids would compete with each other as follows:   

 Bidder #1 - $10
 Bidder #2 - $15 
 Bidder #1 - $20 
 Bidder #2 - $23 (maximum auto bid placed) 
 Bidder #1 - $25 (high bid position)     

The high bid is $25 not $28 because Bidder #2’s auto bid was exceeded at an increment other than $5.

Example #2:

1. Minimum bid is $10.00 with a $5.00 bid increment.
2. Bidder #1 places an auto bid of $77.00. 
3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00 
4. Bidder #2 places an auto bid for $25.00 
5. Bids would compete with each other as follows:   

 Bidder #1 - $10
 Bidder #2 - $15 
 Bidder #1 - $20 
 Bidder #2 - $25 (maximum auto bid placed) 
 Bidder #1 - $30 (high bid position)   

The high bid is $30 because Bidder #2’s auto bid was exceeded at an increment equal to $5.

Example #3:

1. Minimum bid is $10.00 with a $5.00 bid increment.
2. Bidder #1 places an auto bid of $25.00. 
3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00 
4. Bidder #2 places an auto bid for $25.00 (same amount as Bidder #1 auto bid) 
5. Bids would compete with each other as follows:   

 Bidder #1 - $10
 Bidder #2 - $15 
 Bidder #1 - $20 
 Bidder #2 - $25 
 Bidder #1 - $25 (high bid position)   

The high bid is $25 with Bidder #1 in high bid position because Bidder #1 placed the $25.00 auto bid before Bidder #2.

*Buyer’s premium and sales tax will be in addition to the winning bid amount.

Posted closing times and displays of Auction Co.'s current time are approximate. Auction Co. reserves the right to close early or extend auctions at any time at its discretion. It is strongly recommended that bids be placed early to avoid losing out due to an ill-timed, last minute bid. All times based on Eastern Standard Time. Dynamic bidding - The dynamic bid on this website is a feature that does NOT allow an item to sell at the end of the auction until there is 10 minutes of bidding inactivity. Example - An item is bid on at 7:50pm. An auction is scheduled to close at 8:00pm. When this bid is placed the ending time will automatically extend to 8:10pm. When another bid is placed at 8:01 the auction will extend until 8:20pm. This will give bidder 19 minutes to place another bid.  If no bids are placed this auction will conclude at 8:20pm. The key to your dynamic bidding feature is that the auction extends from the preset closing time in 10 minute intervals, NOT 10 minutes from when you placed your bid.