Sample Letter of Guarantee:
Demott Auction Co., Inc.
Mr. (customer name) is a customer in good standing at our bank. We will guarantee the payment of check on this account (acct #) up to (specify amount) Dollars for purchase at your auction on (date of auction).
Bidding Requirements: A bidder number is given to you at registration after completing the registration process. You are now ready to participate in the auction. All items are sold "As-Is", "Where Is". No warranties - express or implied.
Payment Information: Settlements should be paid in full on the day of the auction. We accept cash, checks, money orders, certified checks, or wire transfers. Valid driver's license, passport, or government ID must be present.
Title Information: Titled items will be processed and the registration will be mailed to the customer. The title will come from the state.
Disclosures: Announcements the day of the sale take precedence over all printed matter and advertising. Buyer premiums are subject to change.