Lot # : 45s - CATERPILLAR DIESEL MOTOR MODEL 3126 350HP

All Vehicles are Subject to Seller Approval. This is an Online Auction Only. A $300 deposit is required for vehicles sold under $3000 and a $500 deposit is required for vehicles sold over $3000. This deposit is required at the time of purchase. This deposit will be applied to the credit card supplied in your account. ***A deposit must go through on your credit card the night of the sale, for all credit cards that decline a $100 admin fee will apply.*** Please note that our buyer's fees have changed, effective January 1st, 2024. There is a buyers premium on each vehicle, the buyers premium is listed in the details of each vehicle, either 12% Buyers Fee (min $225) or Regular Buyers Fee as follows: $1.00 - $999.99 = $225 $1000 - $1999.99 = $250 $2000 - $2999.99 = $300 $3000 - $3999.99 = $350 $4000 - $4999.99 = $400 $5000 - $5999.99 = $450 $6000 - $6999.99 = $500 $7000 - $7999.99 = $550 $8000 - $8999.99 = $600 $9000 - $9999.99 = $625 $10000 - And up = $650 The Balance is due Thursday (the day after the sale) before 4 pm. Balance must be paid by Cash, Debit, E-transfer, or Certified Cheque. We do not accept credit cards as full payment for vehicles. A $25 LATE FEE PER DAY will apply if not paid the next day by 4pm. HST will be added to the Purchase Price and Buyers Fee of each vehicle. Once paid in full, buyers will receive a paid in full receipt, a bill of sale and the ownership (when ready). Auction bidding opens for Pre-bidding on the Wednesday before the sale at 12:00 p.m. Online Auction Only - Wednesday night at 6 p.m. Location: 1881 Scanlan St., London, ON ****SORRY WE DO NOT SELL TO US BIDDERS. DO NOT REGISTER IF YOU ARE A US BIDDER**** Please note auctions are based on consignment sales. Associated Auctioneers Inc are not the principles in the sale but agents of the seller. ASSOCIATED AUCTIONEERS INC. VEHICLE ARBITRATION POLICY (BUYER) Defects, conditions, or discrepancies described in the policy may be eligible for arbitration if: 1. The vehicle is paid in full 2. The defect, condition, or discrepancy was not disclosed or announced at the time of sale 3. Minimum bid price of $2,000 on vehicles sold to the public, and $2500 on vehicles sold to dealers 4. The request for arbitration is made within the arbitration period described in this policy, and vehicles must be returned to Associated Auctioneers in the same or better condition than when purchased. 5. If one or more of the following is suspected: a) Cracked block b) Bad transmission c) Incorrect odometer reading d) Frame damage e) Carfax discrepancy Arbitration Period: The arbitration period during which the buyer may request arbitration for specified conditions and defects is two (2) business days following the auction. Arbitration Fee: A $200.00 + HST arbitration fee is payable by the buyer to Associated Auctioneers. In the event the Associated Auctioneers' arbitrator finds, in his sole discretion, that the arbitration request is without merit, the fee is non-refundable. If the arbitrator finds, in his sole discretion, that the seller has not met all of the disclosed obligations set out in this policy with respect to the arbitration request, the buyer will be refunded the fee and the seller will be charged the arbitration fee and any awarded price adjustment, is applicable. Each arbitration request must be properly documented in writing by the buyer. It is the buyer's responsibility to satisfy itself with a vehicle's condition, to read and listen to announced conditions before placing bids. Once the vehicle is sold, the buyer should check the auction contract to confirm the vehicle price and announcements are correct before signing the auction contract. Once the vehicle is paid in full, the buyer should thoroughly check and, if possible, test-drive every vehicle purchased. If there is any problem, the buyer must request arbitration within the applicable arbitration time limit noted above. The buyer assumes full responsibility for mechanical or electrical failure once the arbitration period is over. The buyer, buyer's designee, or buyer's agent (e.g. transporter or driver) should note and obvious damage on the gate release prior to removing the vehicle from the auction facility. Buyer may not arbitrate any obvious damage not identified on the gate release or the condition report once the vehicle is removed from the auction facility. A WORD OF WARNING: The arbitration process is not a tool for price reduction or for dealing with "Buyer's remorse". Terms and Conditions - To bid and buy REGISTRATION & IDENTIFICATION: At the time of registration, we collect information about you to verify who you are before you can bid. We collect credit card information to ensure that you are a qualified buyer. All bidders must be of legal age to bid. PAYING FOR YOUR PURCHASES: There is no cost to register for an auction. Bids on vehicles are subject to seller approval. If a bid is accepted the winning bidder will receive an phone call from McKenzie's Associated Auctioneers. A deposit is required of $500 if the vehicle is sold. Vehicles must be paid in full by 4 pm Thursday (the day after the sale). (Cash, Debit, E-transfer, or Certified Cheque.) TERMS FOR NON-PAYMENT: All bids are final and accepted as offers. If you are the winning bidder and your bid is accepted, payment is due. If payment is not made, the sale will be cancelled and you will be responsible for a $200 administration fee, the buyers fees, and the sellers fees for the sale. You will also lose your deposit. The total amount due will be sent to collections. REVIEWING YOUR BIDS: During an auction you can check the status of your bids at anytime. Note that no bids can be withdrawn after the auction for any reason. All items are sold as is, where is, with all faults. BIDDING NOTIFICATIONS: You can choose to be notified by e-mail during the auction if you have been outbid. Please note that outbid notifications are NOT sent out during the last two hours of the sale. PICKUPS & REMOVALS: All vehicles must be removed before Thursday (the day after the sale) @ 4 pm. Removal shall be at the expense, liability, and risk of the purchaser. We do not ship. Do not bid if you are unable to have your items picked up. Items are sold as is, where is, with all faults. Any item not picked up during the posted pickup times will be considered an abandoned item. If you abandon an item, your credit card will be charged for the purchase price of the item plus the cost to remove, transport and dispose the item. CONDITIONS OF ITEMS SOLD & OUR ONLINE CATALOGUE: Our best efforts are made to represent all items accurately in descriptions and photographs; however, all items are ultimately sold on an 'as is, where is' basis, with all faults. We strongly encourage all bidders to personally verify the condition of each item during the scheduled preview times. All items sold As Is Where Is, No Warranty, No Guaranty. Though all description and commentary are believed to be correct, neither Auctioneer nor Consignor makes any warranties or representations of any kind with respect to the property, and in no event shall be held responsible for having made or implied any warranty of description, genuiness, authorship, attribution, provenance, period, culture, source, origin, condition, etc. CLAIMS: No claims regarding goods purchased will be allowed. Bidders are reminded that all goods are sold on an 'as is, where is' basis, with all faults. PERSONAL & PROPERTY RISKS: We will not be liable for damage or injury to individuals or their property. ADDITIONS & DELETIONS: We reserve the right to remove and/or add lots and/or items to the sale at any point during the auction. BUYERS: The BUYER expressly agrees to indemnify and save McKenzie's Associated Auctioneers, the Seller and their assigns harmless from and against all claims, losses, expenses, damage or liability, directly or indirectly caused by or resulting from an act, including the negligent acts or omissions of McKenzie's Associated Auctioneers, or anyone acting in his/her behalf in connection with or arising out of auction. All bidders/buyers must be of legal age. AUCTION RECORDS: In the unlikely event of a dispute, you agree to accept as true the information that we have in our records. SOFT CLOSE: Items close at regular intervals. To prevent a bidder from 'sniping', all bids made in the last minute of the auction will force an item to stay open for an additional 2 minutes. This will continue until all bidding has ceased. STRATEGY: We recommend that ALL BIDDERS put in their maximum bid when placing a bid online. This does not mean you will have to pay the amount you bid; you only pay one bid more than the next highest bid, and only up to your maximum bid. The software system will play out the bids as you would at a live auction and only uses the funds required to beat out the under-bidder at the prescribed bid increment. CATALOGUE ERRORS & OMISSIONS: If a description does not match a picture in a lot, the description takes precedence. All items are sold on an 'as is, where is' basis, with all faults. EMAIL COMMUNICATIONS: As per Canada's new anti-spam legislation (effective date July 1, 2014), we are required to secure your consent to communicate with you electronically. By registering for this auction, you are opting in to receive auction notices from McKenzie's Associated Auctioneers (associatedauctioneers@mckenzieauction.com). You may withdraw your consent at any time by clicking on the unsubscribe link contained within each auction notice. Your privacy is important to us -- your email address will not be shared with any other party. By bidding you are acknowledging agreement with the terms above. Do not bid unless you agree to all of these terms. If you would like more information on a particular lot, please contact McKenzie's Associated Auctioneers directly at (519) 453-7182