Auction Terms & Conditions

SPECIAL TERMS: NEW JERSEY ABANDONED VEHICLE AUCTIONS

Auction Deposit:

A deposit is required to place a bid. Deposit amounts may vary—please refer to the auction description for details.
The deposit will appear as a pending charge on your credit card until the auction concludes.
If you win a bid, the deposit will be applied to your invoice.
If you do not win, the deposit hold will be released within a few business days.
If you win but fail to complete payment or pickup, the deposit will be forfeited.

Auction/lot cancellation

The auctioneer reserves the right to postpone, cancel, or withdraw any sale or item being sold at any time, with or without notice, at its sole discretion. The auctioneer is not liable for any cancellations or postponements.

Internet-only auction.

Vehicles are sold with tow lien paperwork per State Code, unless otherwise stated. The lien paperwork can be used to apply for a title exclusively in the state the vehicle was purchased in.
All paperwork-related issues must be addressed directly with the tow company or dealer from whom the vehicle was purchased. Peak Auto Auctions does not manage paperwork for buyers or sellers.
Vehicle listings contain Key Run Drive information. If the vehicle is listed as: "RUNS: YES", it indicates the engine turned on. If the vehicle is listed as "DRIVES: YES", it indicates the vehicle moved forward and backwards 1 to 2 feet at the time of testing. These listing features are intended to assist the buyer in narrowing their search. The seller makes no guarantees as to the current or future functionality of any vehicle. Buyers are strongly encouraged to attend the scheduled preview.
Buyers outside the state of New Jersey may not qualify to receive a title and may only purchase vehicles for parts only.
Accepted payment methods: CASH, WIRE TRANSFER, or CREDIT CARD ONLY (with valid matching ID). No checks.

A 13.5% buyer’s premium will be applied to the final bid price of each lot unless otherwise stated in the lot description.
Most vehicles will be sold on a bill of sale, but some will be sold with title. Vehicles with a title may be subject to sales tax and title fees, payable at the time of auction or pickup.
Removal dates and times will be listed in the “Auction Information” section of the vehicle listing. Vehicles not removed promptly may be subject to resale by the tow company, or a storage fee as permitted by local law.
Due to space constraints, the number of tow trucks or trailers allowed in the lot may be limited. Buyers are strongly encouraged to schedule a pickup reservation once the auction concludes.
All auctions have a soft close. If a bid is placed within the final 1-2 minutes of a lot closing, the lot end time will be extended by 1-2 minutes.

Bidding Terms

A bid is a binding contract which obligates you to complete the purchase of a vehicle if you are the winning bidder. Once you place a bid, you may not cancel or retract it. You should thus be sure you wish to purchase a vehicle before bidding on it. You are solely responsible for all transactions conducted under your account. We reserve the right to reject or void bids at any time for any reason. Should a dispute arise regarding a bid, we have the sole and absolute discretion to resolve it. You agree to indemnify, defend, and hold us harmless from any and all liability arising from decisions made resolving disputes.

Auction payment:

Unless otherwise stated in the individual auction, invoices may be paid via online credit card, cash, or wire transfer.
Credit cards will not be accepted for invoices, or any portions of invoices exceeding a total of $5000. This applies to the total of an individual invoice, and not an individual unit on the invoice. Under no circumstances will invoices be split to circumvent this rule.

Additional Terms - important information before attending

New Jersey abandoned vehicle auctions are conducted online at PeakAutoAuctions.com as needed.A preview period is available prior to the auction closing unless otherwise stated. See the “Preview” tab in the listing for specific dates, times, and instructions. On-site parking is available, but please observe all "No Parking" signs. There is NO parking inside the tow yard.
AS-IS SALE – ALL PROPERTY IS SOLD "AS IS," "WHERE IS," AND "WITH ALL FAULTS."
Vehicles are sold in their current condition, with no guarantees regarding their functionality, history, or condition.
The auctioneer and seller make no warranties or representations, express or implied, including merchantability, fitness for a particular purpose, or authenticity.
Buyers are encouraged to inspect vehicles before bidding. No refunds, returns, or exchanges.
Pre-Auction Credit Card Authorization: A "good faith" deposit is required to ensure buyers complete their purchases. Failure to pay for awarded vehicles constitutes a breach of contract and may result in liquidated damages.
Payment is by Cash, credit card, or wire transfer ONLY. No checks accepted.
No one under 18 is allowed in the auction yard before, during, or after the auction.
Some vehicles have branded titles (e.g., "Rebuilt from Salvage"). This information will be disclosed before bidding, and buyers must sign an acknowledgment at pickup. Some vehicles are sold as "Parts Only" and will never be issued a title.
Most vehicles will be sold on a bill of sale, but some will be sold with title. Vehicles with a title are subject to sales tax or title fees, including the buyer’s premium, payable at the auction.
All vehicle contents belong to the buyer. Buyers must remove all contents, including trash and parts, before leaving the lot.
Buyers assume full responsibility for vehicle security upon purchase. However, ownership transfers only after full payment has been received.
Vehicles must be towed from the tow yard unless the buyer has a dealer plate. No mechanical repairs or overhauling are permitted in the tow yard.
This auction takes place in an active tow yard. Conditions may be muddy, snowy, slippery, rainy, or hot. Dress appropriately and enter at your own risk. Safety vests are encouraged inside the yard.

Chargeback Policy:

Bidders agree not to initiate a chargeback under any circumstances.
Any chargeback claim, even if successful, does not absolve the buyer from their payment obligations.
Buyers remain liable for the purchase price, buyer’s premium, collection costs, and legal fees in the event of a chargeback dispute.

Jurisdiction:

Any legal disputes will be governed by the laws of the State of Colorado, County of Denver.
Buyers consent to jurisdiction in Colorado courts and waive objections to the venue.
Legal action may be pursued against a buyer in any applicable jurisdiction worldwide.