BIDDING TERMS AND CONDITIONS

1. BINDING NATURE OF BIDS By placing a bid on BIDR Auctions ("the Platform"), you ("the Bidder") acknowledge and agree that:

• Each bid placed constitutes a legally binding offer to purchase the vehicle at the bid amount
• All bids are final and cannot be retracted
• Winning a bid creates a legally enforceable contract between you and the seller
• You are financially responsible for completing the purchase if you are the winning bidder

2. BIDDER ELIGIBILITY To place bids, you confirm that you:

• Are at least 18 years of age
• Have a valid credit card on file
• Have provided accurate personal information
• Have the legal capacity to enter into binding contracts
• Are not under any restriction that prevents you from bidding or purchasing vehicles

3. FINANCIAL RESPONSIBILITY By placing a bid, you acknowledge:

• A hold may be placed on your credit card during active bidding
• If you win, you are obligated to pay:
  • The final winning bid amount
  • The 4% buyer's premium
  • Any applicable taxes and fees
  • Shipping costs (if applicable)
• Payment must be completed within 7 days of auction end

4. BIDDING PROCESS You understand that:

• The Platform uses an automatic extension system for last-minute bids
• Bids cannot be canceled or retracted once placed
• The highest valid bid at auction close wins
• Shill bidding or artificial price manipulation is strictly prohibited

5. VERIFICATION AND INSPECTION You acknowledge that:

• Vehicle descriptions are provided by sellers
• While BIDR Auctions verifies seller documentation, we do not physically inspect vehicles
• It is your responsibility to review all available information
• You are encouraged to ask questions before bidding
• You may arrange for independent inspection (with seller approval)

6. POST-AUCTION OBLIGATIONS If you are the winning bidder, you agree to:

• Complete payment within 7 days
• Arrange vehicle pickup/shipping within 14 days
• Communicate promptly with the seller
• Sign all necessary transfer documentation
• Complete the transaction as agreed

7. BREACH AND CONSEQUENCES You understand that failure to complete a winning purchase may result in:

• Forfeiture of any deposits
• Suspension or termination of your BIDR Auctions account
• Legal action to enforce the sale
• Being banned from future participation
• Reporting to credit agencies

8. DISPUTE RESOLUTION

• All disputes will be handled according to BIDR Auctions' dispute resolution policy
• BIDR Auctions serves as a facilitator and is not responsible for disputes between buyers and sellers
• All parties agree to attempt good-faith resolution before pursuing legal action

9. MODIFICATION OF TERMS

• BIDR Auctions reserves the right to modify these terms
• Changes will be effective upon posting to the Platform
• Continued use constitutes acceptance of modified terms

10. ACKNOWLEDGMENT By placing a bid, you confirm that you:

• Have read and understood these terms
• Accept all conditions and responsibilities
• Agree to be bound by these terms
• Understand the financial obligations involved