Vehicle Terms of Auction: 10% Buyer's Premium will be added to all final bids. Kentucky Sales Tax on applicable items. Cash, Cashier’s Check, Wire Funds, Company Checks (Must Be Accompanied by Bank Letter of approval.) Vehicles will sell as is and without warranty.
Below is an example Letter of Guarantee Form from your bank:
RARE Auction Group Inc.
4000 Olivet Church Road
Paducah, KY 42001
Dear RARE Auction Group Inc.,
This letter will serve as your notification that (Bank’s Name) will irrevocably honor and guarantee payment on any check(s) written by our customer
_______________________________________________ up to the amount of $__________________________________
Customer’s Name Guarantee amount
And drawn on the account of ________________________________________________. No stop payments will be issued.
This letter of credit is for the purpose of purchasing automobiles or other property by our customer in connections with auctions conducted by RARE Auction Group Inc. at 4000 Olivet Church Road Paducah, KY.
If you have any more questions, please contact this office at (office information)
Bank Officer’s Signature
Bank Officer’s Name & Title
Bank Officer’s Telephone Number