DEALER REGISTRATION PACKAGE Please read, complete and return original signed documents. If something does not apply to you, please write N/A. Thank you for registering with Norfolk Auto Auction!! Check List: NAA Dealer Registration Application (Page 2) Authorized Representatives (Page 3) You will need this filled out by each representative if they plan to buy or sell vehicles under this dealership. Please provide us the original signed document. Guaranty (Page 4) Power of Attorney (Page 5) You’ll need this if you want us to send titles by UPS. Please provide us the original signed document. Bank Authorization Letter (Page 6) You will need this if you plan to buy at our auction using company checks. Please sign the Bank Authorization Letter to authorize information release and then send to your bank for completion. A copy of the Current Salesperson License for each person that wants to buy or sell at our auction. A copy of the Driver’s License for each person that wants to buy or sell at our auction. A copy of your Company Check (with bank address and telephone number). Please visit our website to read more about our services, get directions, and see pre-registered vehicle listings for upcoming auctions. You can also download forms or apply online! Norfolk Auto Auction • 1195 Lance Road • Norfolk, Virginia 23502 www.norfolkautoauction.com • Office: 757-932-8200 • VA/VAF #359 • VAR #619 Page 1 DEALER REGISTRATION PACKAGE Application -‐ Business Information Name of Dealership Legal Name (if different) Address City Phone Fax Email This dealership is a: Individual Corporation You will pay in: Buy Sell Type of Dealership: Cash Checks If franchised, MAKE of car sold: Wholesale Retail Zip Website You expect to: Partnership Used State Floor Plan* *Subject to Auction Approval Year Dealership was organized: Franchised (New) Federal Tax ID: Auction and its insurers are authorized to investigate the credit history of the Dealer and the Dealers owner though banks, financial institutions, credit reporting agencies and other sources: Dealership License No.: Yes List of Owners and Officers: Name Title Social Security No.: -Home Address Home Phone City Cell State Zip U.S. Citizen? Yes Name Title No Social Security No.: -Home Address Home Phone City Cell Zip U.S. Citizen? Title No Social Security No.: -Home Address Home Phone City Cell State U.S. Citizen? Yes No Norfolk Auto Auction • 1195 Lance Road • Norfolk, Virginia 23502 www.norfolkautoauction.com • Office: 757-932-8200 • VA/VAF #359 • VAR #619 Page 2 -- State Yes Name -- -Zip No DEALER REGISTRATION PACKAGE References: Other auction you attend: How long registered: Other auction you attend: How long registered: Dealer or other business: Dealer or other business: AUTHORIZED REPRESENTATIVES The following person or persons are duly authorized to buy and sell automobiles, to execute checks or floor plans and to execute bills of sales, assignments of titles and warranties of titles on behalf of Dealer. The authority of the following persons to act on behalf of Dealer shall continue in full force and effect until terminated by Dealer in writing to NAA. Dealer does hereby guarantee all transactions made by such persons. Name Name Home Phone Authorized to: Sell Vehicles Buy Vehicles Sign Checks Cell Phone Date of Birth Social Security No. Home Phone Authorized to: Sell Vehicles Buy Vehicles Sign Checks Cell Phone Date of Birth Social Security No. Representative’s Signature: Representative’s Signature: Owner’s Signature: (required) Owner’s Signature: (required) Photo ID: Photo ID: Scan/Copy, Paste or Affix it here! Scan/Copy, Paste or Affix it here! Norfolk Auto Auction • 1195 Lance Road • Norfolk, Virginia 23502 www.norfolkautoauction.com • Office: 757-932-8200 • VA/VAF #359 • VAR #619 Page 3 DEALER REGISTRATION PACKAGE GUARANTY For good and valuable consideration, each undersigned individual (“Guarantor”) represents and warrants that the title to each vehicle presented by the dealer identified below (“Dealer”) for sale at Norfolk Auto Auction (NAA) will be a good and marketable title, free and clear of all liens and encumbrances. Each Guarantor understands and agrees that he or she is jointly and severally liable to NAA for any loss or claim of loss, damage, expense, or costs, including reasonable attorney’s fees, incurred by NAA as a result of any breach of the foregoing warranty of title. Each Guarantor personally guaranties full payment of Dealer’s debts and obligations to NAA, including payment of any check, draft, note, or other negotiable instrument issued by Dealer or its representatives to NAA, and payment of any cost or expense, including reasonable attorney’s fees, incurred by NAA in collecting or attempting to collect such debts and obligations. Each Guarantor understands and agrees that NAA may, in NAA’s sole discretion, refuse to transact business with Dealer, modify or release any and all collateral security, extend or change time of payment, and settle or compromise matters with Dealer, without notice to the Guarantor and without discharging or affecting the liability of the Guarantor. Each Guarantor understands and agrees that this guaranty is continuing in nature. Each Guarantor waives notice of acceptance of this guaranty, presentment, demand, protest, notice of non-payment or dishonor, and the benefit of any homestead exemption. Each Guarantor understands and agrees that NAA’s failure to enforce its rights under this guaranty shall not be a waiver of those rights. Each Guarantor understands and agrees that he or she shall be liable for Dealer’s debts and obligations to NAA as a principal debtor and not merely as surety, and that any bankruptcy of Dealer or any assignment for the benefit of Dealer’s creditors shall not affect the enforceability of this guaranty. This guaranty shall survive the termination of any agreement between NAA and Dealer and shall bind the respective heirs, executors, administrators and assigns of each Guarantor and shall inure to the benefit of NAA, its successors and assigns. Dealer (print name) GUARANTOR GUARANTOR Print Name Print Name Address Address City State Telephone Date Zip City State Telephone Date Norfolk Auto Auction • 1195 Lance Road • Norfolk, Virginia 23502 www.norfolkautoauction.com • Office: 757-932-8200 • VA/VAF #359 • VAR #619 Page 4 Zip DEALER REGISTRATION PACKAGE POWER OF ATTORNEY The undersigned and its subsidiaries hereby duly appoint Norfolk Auto Auction (NAA) or any of its subsidiaries or divisions, through NAA’s authorized employees and agents, to act as our ATTORNEY-IN-FACT to fill out, complete, sign any and all papers and documents that may be necessary or helpful pertaining to the sale or purchase of vehicles through NAA, including but not limited to titles, title transfer documents, bills of sale, and odometer disclosure statements. In consideration of NAA’s agreement to execute such documents on our behalf from time to time, the undersigned shall indemnify, defend, and hold harmless NAA, its affiliates, subsidiaries, officers, directors, employees, successors, and assigns from and against any and all loss, damages, liability, claims, causes of action, and expenses of whatever kind of nature arising from the execution or filling out by NAA or its employees or agents of any certificates of title, odometer statements, bills of sale, or any other document necessary or helpful to the ownership transfer of vehicles purchased or sold by the undersigned through NAA. Notwithstanding the foregoing, nothing contained herein shall be construed to require the undersigned to indemnify NAA, its affiliates, subsidiaries, officers, directors, employees, successors, and assigns from any loss resulting from any gross negligence or willful misconduct of NAA and/or its employees or agents. This Power of Attorney shall be effective as of the date of signing hereof and shall continue in full force and effect until written notice of termination is provided by either of the undersigned to NAA. Company (print) Federal ID No. Owner’s Signature (required) Name Title Driver’s License No. Date Norfolk Auto Auction • 1195 Lance Road • Norfolk, Virginia 23502 www.norfolkautoauction.com • Office: 757-932-8200 • VA/VAF #359 • VAR #619 Page 5 DEALER REGISTRATION PACKAGE BANK AUTHORIZATION LETTER Bank Information Authorization to release information Name Dealership name Address Signature City State Phone Fax Zip Print Name Date Account No. INSURANCE COVERAGE Co-Signer/seller assumes all risks of loss, liability, and damage incident to or arising out of any vehicle left on the Auction’s premises and co-signer/seller shall provide insurance for such loss, liability and damage. Auction will require proof of such insurance. Co-signer/seller agrees that Auction shall not be liable to co-signer/seller or its Authorized Agents for injury to or death nor for loss or damage to property (including the property of Dealer) occurring in or about the Auction’s premises from any cause whatsoever, even if the cause or damages or injuries are alleged to be the fault or caused by the negligence or carelessness of the Auction. VEHICLES NEED TO FALL UNDER INSURANCE POLICY. Insurance Company Name Policy No. Agent Name The section below is to be completed by your banking institution Your bank has been listed by the above named dealership as its banking reference. Norfolk Auto Auction is wholesale automobile auction for licensed new and used car dealers. Since we guarantee all dealer checks for cars bought at the auction, we require that dealers doing business with us establish their financial credibility. Please complete the below estimate of this account. This information will be held strictly confidential and will be used only for the purpose of establishing the credit worthiness of the dealership. Date account opened Is the account in the dealers name? Yes NSF Checks? Yes No Yes No If yes, please give details: No Annual Average Balances are: LOW MEDIUM HIGH This Dealer is: 3 figures 4 figures 5 figures A valued customer with a good reputation Honest and reliable, but short on capital A new customer with our institution Maximum Credit Extended: Secured $ Floor Plan Line: Unsecured $ New Car Inventory $ Above information provided by: (name of bank employee) Date Do you floor plan this account? Used Car Inventory $ Employee title Please mail original to: Norfolk Auto Auction, Attn: Dealer Registration, 1195 Lance Road, Norfolk, VA 23502 Norfolk Auto Auction • 1195 Lance Road • Norfolk, Virginia 23502 www.norfolkautoauction.com • Office: 757-932-8200 • VA/VAF #359 • VAR #619 Page 6 DEALER REGISTRATION PACKAGE POST SALE INSPECTIONS Post-Sale Inspection $90.00 Post-Sale Inspections provide a 7-day or 200 mile guarantee, whichever comes first, are available on all vehicles that are: • Green Light • Under 175,000 miles • 12 years or younger • Purchased for $2,000 or more (not counting commissions and fees) Check and Advise $75.00 Provides the buyer with a professional assessment of the mechanical function/status of the vehicle, as does a Post-Sale Inspection, but without warranty. What’s Covered Mechanical operation of the vehicle (engine, transmission and powertrain in accordance with our Arbitration Policy, excluding Announced Conditions). Conditions • Post-Sale Inspections or Check and Advise must be purchased within one hour of vehicle purchase. • Post-Sale Inspections or Check and Advise are required on all on-line or absentee purchases. • Post-Sale Inspections exclude the following vehicles: In-ops, Specialty ‘S’, Red Light, Land Rover, VW Touareg, Chrysler 2.7 liter engine, Government consignments, Collector and Exotics, modified, kit built or grey market. • The auction reserves the right to repair vehicle or cancel sale. Effective March 1, 2014 Norfolk Auto Auction • 1195 Lance Road • Norfolk, Virginia 23502 www.norfolkautoauction.com • Office: 757-932-8200 • VA/VAF #359 • VAR #619 Page 7
© Copyright 2024