REGISTRATION terms and conditions Updated Jan 8, 2020

By registering as a buyer (“Buyer”) with Preferred Auto Brokers (“PAB”) you agree to be bound by the following terms and conditions. PAB reserves the right to amend these terms and conditions at any time without prior notice to the Buyer.

Buyer agrees and acknowledges that they are purchasing from PAB, not Copart.

 Eligibility – Individuals wishing to register must be 18 years of age or older and meet all requirements imposed by federal, state, and local government laws and regulations. In addition, PAB site-specific registration requirements will apply. PAB reserves the right to deny or cancel memberships of any individual or entity at its discretion.

Registration – Any individual or entity wishing to bid at Copart.com, must complete the buyer registration form with Preferred Auto Brokers, submit proof of identity (driver’s license, state ID, passport, etc), and pay the $195.00 annual registration fee. Or for a single item purchase there is no registration fee. Membership will be automatically renewed annually based on your initial registration date. Licenses must be renewed and submitted to PAB prior to expiration to retain active buyer status. You must be a Buyer in good standing in order to gain access to or bid on units offered via Copart’s Internet-based unit bidding program and procedures (“System”). By registering for and using the system, you agree to be bound by the terms and conditions provided herein and PAB’s and Copart’s respective Website Terms of Service. PAB reserves the right to amend the terms, conditions, and fees set forth herein at any time without prior notice. If, at any time you do not agree with the terms and condition of this Agreement, or of any subsequent amendments to this Agreement, immediately discontinue using and accessing the System.

Account Responsibility – You will receive a Copart Online Bidder ID (“Login”) and a password (“Password”). You are responsible for your login and maintaining the confidentiality of your password. You agree your login will only be used by or disclosed by you to any other duly authorized employees/agents on your account. Payment responsibility remains with you for all bids placed and accepted by you. You agree to immediately notify PAB of any unauthorized use of your login or any other potential or actual breach of system security. You agree to exit from the system at the end of each session to minimize the possibility of an unauthorized person using your login. Your login and account cannot be transferred or assigned to any other person or entity. You acknowledge that once the system accepts your online bid, it can only be deleted for sealed bid sales. Please be careful when placing your bids. You acknowledge that PAB reserves the right, in its sole discretion, to delete, disable or suspend your login at any time for any reason including, but not limited to, non-payment or late payment of any money due PAB. You further acknowledge that PAB reserves the right to change the system or the general business practices related to the system, at any time, temporarily or permanently, in its sole discretion, with or without notice.

Membership Cancellation – PAB reserves the right to suspend or revoke the buying privileges of a Buyer for any reason.

Release of Liability – Buyers irrevocably and Unconditionally waive and release their rights (if any) to recover from PAB or Copart, its directors, officers, employees, representatives, agents, subsidiaries, and affiliates any and all damages, losses, liabilities; cost or expenses and claims thereof, whether direct or indirect, known or unknown, foreseen or unforeseen, which may arrive from, or be related to, bodily injury, property damage, Under no circumstances, including negligence, shall PAB or Copart be liable for any special, incidental, consequential damages or lost profits that result from or are related to the sale, distribution or use of, or the inability to use, any unit, even if PAB has been advised of the possibility of such damages. Buyers and guests who are California residents waive California Civil Code §1542, which states:“A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.” Furthermore, Buyers agree to indemnify, defend, and hold PAB harmless from any and all damages, losses, liabilities, costs or expenses.

Fees – A buyer fee from PAB Salvage will be charged for each unit purchased. Buyer fee is $275.00. It is the sole responsibility of the Buyer to verify fees charged by PAB prior to incurring such charges. All fees are subject to change without notice.

Payment – Payment for any unit awarded is due within 2 working days (auction day plus 1 working day, i.e., if auction is on Monday, payment is due by close-of-business on Tuesday). units not paid within specified time frame will be subject to a Late Fee of $50 per unit. Payment for units may be made by wire transfer or Pay-Pal.

Sales Tax Indemnification – Buyers purchasing units from PAB upon presentation of a sales tax exemption certificate agree to indemnify, defend and hold PAB harmless from any and all sales tax assessments, fines, penalties, damages, and costs, including attorney fees, incurred as a result of a taxing authority determination that the transaction was subject to the payment of sales or excise tax. Colorado buyers will be charged applicable Colorado sales tax.

Relist Fee – In the event a buyer defaults on a unit, buyer agrees to pay PAB the relist fee of $400 or 10% of the sale price, whichever is greater. Buyer is also responsible for the PAB fee of $275.00. These fees will be deducted from your Security Deposit on file with PAB. Buyer is also responsible for any and all collection costs, including attorney fees and court costs. Bidding privileges will be suspended until payment has been received. Any buyer that defaults on a second unit will have his bidding privileges revoked.

All registered buyers are considered as representatives of PAB and are expected to act in a professional manner at all times that you are logged in to Coparts website. All PAB registered buyers at Copart’ts site are subject to the terms and conditions of PAB.

Storage – Storage will begin to accrue on units two(2) days after the sale of the unit. Fees vary by location. Please refer to Copart’s Member Fees page for details.

Additional Copart Fees – Please refer to Copart’s Member Fees page for details.