Lot 2-204792008 Komatsu PC400LC-8 Excavator
$40,325.00 USD
Bidding is completed
COMPLETED
$100.00 USD
$25.00 USD
103
08/02/2017
8:40 PM EDT
*****w
Lot details
Lot Contact Information
Buyer Fees
Terms
Buyer's Premium Text
A buyer’s premium will be added to all purchases and is as follows on all regularly scheduled weekly online auctions:
- 16% BUYERS PREMIUM for each item. If buyer pays their invoice with cash, cashier’s check or wire transfer, then we waive 3% of the buyer's premium, which makes it 13%.
Condition of Online Auction Lots
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 No bids can be withdrawn once submitted before, during or after the auction for any reason.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.
Dynamic Bidding
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.
Forklift & Loading Dock
Forklift & Loading Dock Available.
General Information
Please Note: Items are selling from our location in Wayland, MI ( 3450 12th Street, Wayland, MI 49348) unless otherwise stated in the online listing/description.
•For questions on items at our Wayland, MI location please call 616-261-4982 or Cory Reitsma at (616) 808-6528
Inspection Times
Items on auction are available for inspection from the time they are listed online for viewing & pre-bidding until close of business on auction day.
Monday – 9:00 a.m. to 4:00 p.m.
Tuesday – 9:00 a.m. to 4:00 p.m.
Wednesday – 9:00 a.m. to 4:00 p.m.
Thursday – 9:00 a.m. to 4:00 p.m.
Friday – 9:00 a.m. to 4:00 p.m.
Saturday – 9:00 a.m. to 12:00 p.m.
Online Recovery Special Consignment Sales
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.
Payment Dates
Thursday | 8/3/17 | 9 am - 4 pm |
Friday | 8/4/17 | 9 am - 4 pm |
Saturday | 8/5/17 | 9 am - 12 pm |
Monday | 8/7/17 | 9 am - 4 pm |
Tuesday | 8/8/17 | 9 am - 4 pm |
Wednesday | 8/9/17 | 9 am - 4 pm |
Thursday | 8/10/17 | 9 am - 4 pm |
Friday | 8/11/17 | 9 am - 4 pm |
All the regularly scheduled online auction items are located here at our office at: 3450 12th Street, Wayland, MI 49348 unless otherwise stated in the online listing/description.
All items purchased on the specialty online auctions are to be paid for and picked up within 8 days from the auction date. After this 8 day period if your invoice has not been both paid for and picked up, an automatic $2 per lot/per day storage fee will be added to your invoice and will be subject to being resold at the high bidder’s expense. After 2 weeks from the date of the auction (NOT from the date paid or picked up) no adjustments can be made on the invoice with regards to any item purchased on the auction and upon this time full payment is also still required regardless of the condition or the availability of the item.
Posted Closing Times
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.
Qualifications for 3% Buyers Premium Discount
- Cash
- Cashier’s Check (make payable to Repocast.com)
- Wire Transfer
PLEASE NOTE: Personal or Business Checks DO NOT qualify for the 3% discount.
Refund Policy
NO REFUNDS, RETURNS, OR EXCHANGES. All items sold "AS IS WHERE IS" with all faults.
Removal Times / Failure to Remove
Photo ID and thumbprint will be scanned during every transaction at the time of pickup. We respect your privacy and we value you as a customer. The photo ID and thumbprint requirement is a security measure to document the actual person picking up item(s) from our facility. The intent of the requirement is to protect you and us, ensuring the items make it to the winning bidders
Thursday | 8/3/17 | 9 am - 4 pm |
Friday | 8/4/17 | 9 am - 4 pm |
Saturday | 8/5/17 | 9 am - 4 pm |
Monday | 8/7/17 | 9 am - 4 pm |
Tuesday | 8/8/17 | 9 am - 4 pm |
Wednesday | 8/9/17 | 9 am - 4 pm |
Thursday | 8/10/17 | 9 am - 4 pm |
Friday | 8/11/17 | 9 am - 4 pm |
All items are to paid in full and picked up within 8 business days from the auction date. Paid in full item(s) not picked up within 8 business days from auction date will be considered abandoned and will be relisted on auction offering for sale to public.
A non-refundable restocking fee of 20% or $25 (whichever is greater) will be charged to buyer for item(s) not paid in full within 8 business days from auction date. The buyer account will be inactivated, disallowing bidding privileges. Item(s) will be relisted on auction offering for sale to public.
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. Storage fees 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, and will be considered abandoned and will be relisted on auction offering for sale to public.
Sales Subject to Approval
This means that an items sale is contingent upon receiving the approval of the Bank, Court, Trustee or Lien Holders affiliated with that particular piece. Please call (616) 389-6453 for the Approvals on all items that sell subject and we will be happy to assist you.
Sales Tax
All bidders will be subject to 6% State of Michigan Sales Tax. If you are tax exempt, provide our office with the documentation required for exemption.
Sales tax is calculated on total sales price which includes Buyer's Premium (therefore Buyer's Premium is also taxable).
Shipping Options / Information
1. Shipping Between Repocast.com Locations; Repocast.com offers shipping/transport between Repocast.com locations as follows
- Byron Center to Flint
- Flint to Byron Center
- Wayland to Flint
Prior to arranging transport, invoices and shipping fees must be paid in full. Transport between locations may take up to two weeks to arrive at pickup destination. Our customer service staff will contact you via phone & email to notify you when ready for pickup.
See approximate transport costs
2. Direct Shipping: For smaller items that will fit on a skid, or in a box, Repocast.com has partnered with The UPS Store to offer shipping for all items normally able to be shipped through UPS
Click here for more information
Notice: Repocast.com is not responsible for the actions of the above shipper; we are only providing these options for your convenience. You are not limited to using these companies. These providers do NOT work for Repocast.com.
3. Riggers & Hauler's List
Notice: Miedema Asset Management Group is not responsible for the actions of the list of shippers, riggers, haulers; we are only providing this list for your convenience. You are not limited to using these companies; however any company you choose must present Certificate of Insurance for a minimum $1,000,000 blanket liability listing Miedema Auctioneering Inc., Orbitbid.com Inc., Repocast.com Inc. as additionally insured. Riggers & Haulers on this list do NOT work for Miedema Companies. They are independent contractors that have requested to be listed and have provided us with the required insurance limits.
Special Notes
All items on auction are also offered to purchase now as a direct sale.
If any item(s) sell as a direct sale prior to auction, the item(s) will be removed from this auction.
Storage Fees / Restocking Fees
Auction Co. RESERVES THE RIGHT to charge any credit/debit card registered with your account up to 20% as a non-refundable restocking fee (minimum $25.00 charge) based on total purchase price during the auction or immediately following the auction. The non-refundable restocking fee (minimum $25.00 charge) will be applied when invoices are not paid in full within 8 days of auction date. Note that the purchase price is the sum of the bid price, buyer’s premium, buyer's fee, and sales tax if applicable. At which time, all items are considered to be abandoned &/or forfeited to the Auction Co. Auction Co. reserves the right to relist/resell any and all items considered to be abandoned or forfeited when invoice is not paid in full and removed completely from auction location within 8 days of auction. We do not accept partial payments. Invoices must be paid in full. All payments must be in U.S. Funds.
Titled Lots
Michigan residents, we are required by the State of Michigan to broker all titled items sold. A $95.00 broker fee will be charged for all titled items which we need to broker. In addition, a $15.00 fee for title transfer will be charged. We can apply for your plates and registration if you so choose. If you wish to have us do so, you MUST provide us with proof of insurance for the purchased titled item before you can remove it from the auction site. If not, you must be prepared to tow or trailer your titled item. The appropriate fees will be added to your invoice.
Non-Michigan Residents will pay the $95.00 Broker Fee and necessary fees according to their state rules for titled titled items. Please note that buyers will need to sign the appropriate paperwork required by the state for title transfers. Title processing may take up to 15 business days. Then will take 4-10 business days to receive your title from the Secretary of State.
For Out of Country buyers, the State of Michigan requires we collect 6% sales tax and transfer the title as an “In-Transit” through the Michigan Secretary of State before the title is issued to the buyer. All out of country buyers must contact our title department to start the paperwork before the item can go across the border. We will need to obtain the appropriate documents and signatures to transfer the title; this could take 3 to 5 weeks. We recommend all titled item purchases made with the intent of taking the titled item out of the country contact the title dept. as soon as a winning bid is accepted.
For questions on a titled item, please contact Title Department at the selling location of item:
Byron Center: (616) 261-4971
Flint: (248) 627-5200 ext. 1177
Wayland: (616) 261-4982
Types of Payment
- Cash
- Wire Transfer (details included with invoice)
- Credit /Debit Card (Visa, Discover, MasterCard, and American Express)
- Personal or Business Check* – Payable to Repocast.com
- Cashier’s Check – Payable to Repocast.com
IMPORTANT INFORMATION:
1. Photo ID and thumbprint will be scanned during every transaction at the time of pickup. We respect your privacy and we value you as a customer. The photo ID and thumbprint requirement is a security measure to document the actual person picking up item(s) from our facility. The intent of the requirement is to protect you and us, ensuring the items make it to the winning bidders.
2. Payments of $10,000.00+ with cash, money order or cashier's check (or any combination of) for any related transaction(s) will require completing the IRS 8300 form.
3. There is a 3% discount on the buyer’s premium only when the invoice is paid in full with Cash, Cashier’s Check or Wire Transfer. This discount does not apply to payments made by Credit/Debit Card, Personal or Business Checks.
4. *Personal or Business Checks will be processed through TeleCheck ECA service which converts a paper check into an electronic item at the point of sale. The voided check will be returned to person presenting upon approval of electronic fund transfer. Please confirm that your bank allows ECA processing prior to presenting a Personal or Business Check as a form of payment.
Watercraft / Boat Sales
There is a 7 day right to inspect boats only. (This 7 day inspection does NOT apply to items with specific issues listed, or to items listed in non-running condition.) Boats and personal watercrafts are sold in running condition (drive train and engine only) unless otherwise stated in the online description. On boat/watercraft sales only you will have 7 DAYS FROM THE DATE OF THE AUCTION to have it inspected by a CERTIFIED MARINE MECHANIC to bring any drive train or motor issue to the attention of a Repocast Manager. A Repocast Manager reserves the right to have the unit inspected by the own choice of mechanic to help determine the validity of the inspection provided by the buyer. No refunds will be given after the 7 day time frame from the date of the auction! (Please note auction date NOT removal or date of payment) The 7 day inspection covers ONLY the following: cracked blocks, compression on cylinders, and locked up lower units. This 7 day inspection does NOT cover the following: transoms, seals, bearings, tune ups or cosmetic defects to the boat or trailer, etc. Please note that for all conditions not covered in the 7 day inspection you will need to rely on your own personal inspections prior to bidding.