A.D.E. Auction Policies & Terms of Sale
Auction Policies - Effective Date: June 1, 2025
- Transaction Processing
All transactions must be processed through the A.D.E. office. Unauthorized sales conducted on the premises without office clearance may result in termination of business privileges. - Dealer Registration
Dealers attending for the first time must register at the office prior to any buying or selling activity. - Odometer Statements
A.D.E. assumes no responsibility for odometer readings or odometer statements. It is solely the responsibility of both the buyer and the seller to secure accurate odometer statements at the time of sale or purchase. - Vehicle Pricing & Arbitration Vehicles sold for $2500 or less are sold strictly "AS IS" and are not subject to arbitration. Vehicles with a model year of 10 years and older or exceeding 130k miles DO NOT qualify for PSI.
- Announcements & Red-Light Indicator
If the red light is illuminated, it indicates that there is an announcement regarding the vehicle. Buyers are responsible for understanding all announcements before placing a bid. - "Auction Guarantee" Terms
Vehicles sold under "Auction Guarantee" covers powertrain components only (engine block, rods, crankshaft, transmission, transfer case, and front differential). Air conditioning and wear items are excluded from this guarantee. - "Ride and Drive" Guarantee
Vehicles sold with a "Ride and Drive" designation are guaranteed by the seller to be mechanically sound, allowing for up to $800 in minor mechanical repairs. - Title Attached ("T/A") Sales
Sellers must announce any “Title Attached” (T/A) vehicles at the time of sale and must deliver a re-assignable title to A.D.E. within 31 days.- If the title is not received within 31 days, the buyer may return the vehicle.
- Buyers are advised not to spend money on or resell T/A vehicles until the title is received.
- A.D.E. is not liable for any costs associated with returned T/A vehicles.
- Mileage parameters for a late title return: 250 miles max, then a $1/mile will be deducted off the original sale price.
- Salvage Titles Any vehicle with prior or salvage title status, whether a theft being recovered or rebuilt collision vehicles must be announced at the time of sale. Any unannounced salvaged vehicles are the complete responsibility of the seller at the time of discovery within 30 days of the sale.
- Frame Damage & Flood Vehicles
Any vehicle with frame damage, frame repair, or flood history must be announced at the time of sale. Failure to disclose such conditions will render the seller is fully responsible for any issues discovered within 14 days of the sale. - Air-bag Announcement Airbag Lights and/or missing airbag components must be announced.
- Visible Defects & Glass Damage
Visible defects, including broken or cracked glass, are not eligible for arbitration. - Specialty Vehicles
A.D.E. does not guarantee the year, odometer, hour meter, or condition of recreational vehicles, boats, motorcycles, dune buggies, or similar specialty vehicles. All specialty units are regarded by ADE as being sold in 'as-is' condition. Any guarantees are the seller’s responsibility. - Commercial Vehicle Disclosure
Taxis and commercial vehicles (e.g., police, municipal vehicles) must be announced at the time of sale. Failure to do so places full responsibility on the seller upon discovery. - Gate Pass Requirement
All vehicles must have a valid gate pass to exit the A.D.E. premises. - Arbitration Timeframe
Dealers have one (1) hour from the time of purchase to either complete payment or initiate arbitration. All complaints and rejections must be processed through arbitration within this one-hour window. Unjustified rejections will not be tolerated. Management decisions are final in all arbitration matters. - Payments Payment is expected on the day of the sale or when a transferable title is available. A.D.E. offers a grace period of 48 hours. If payment is not received by this time, a late fee of $100 will be added to the purchase price of the unit.
- Storage Fees A.D.E. may set limits for the removal of customers’ Vehicles and may charge storage fees of $25 per day for each vehicle not removed in a timely manner. Applicable dealer agrees that A.D.E. (1) shall acquire a lien on any vehicle for unpaid storage, as provided by law, (2) may refuse to release any vehicle while fees are unpaid, and (3) may be authorized to resell the Vehicle to recover storage fees, as provided by law.
- Legal Liability
All buyers and sellers agree to hold A.D.E. harmless from any and all litigation resulting from transactions conducted at A.D.E. - Title Mailing Disclaimer
A.D.E. is not responsible for titles lost in the mail or through courier services. Duplicate title services can be provided upon request. - For Money Owed to A.D.E. Money owed to A.D.E. (bad checks, repurchase of vehicles), both the seller and buyer allow A.D.E. the right of offset at your bank on checks given by A.D.E. The buyer and seller both agree to hold A.D.E. harmless from any and all litigation that may arise from transactions at A.D.E.
- Supersession of Previous Policies
All prior A.D.E. policies and pre-printed forms issued before June 1, 2025, are null and void.
Terms of Sale:
1. Seller (transferor) hereby warrants and guarantees to purchaser (transferee) and to Auto Dealers Exchange ("A.D.E.") that the title to the consigned vehicle is valid and free from all defects, liens, and encumbrances. Though E-Titling is available through the Indiana BMV; paper titles are REQUIRED for all transactions with and through A.D.E.
2. The seller also warrants and guarantees that the consigned vehicle does NOT have a cracked block, defective transmission, or rear end, and that the consigned vehicle was NOT used as a taxi or commercial vehicle unless so expressly stated in the announced conditions pertaining to the consigned vehicle.
3. The seller is responsible for repurchase of any vehicle sold with a mended or damaged frame or flood damage for a period of 30 days from the date of sale. A.D.E. requires damage on current and one year old model vehicles to be announced.
4. The seller and purchaser agree that A.D.E. is neither responsible for odometer mileage nor hour meter on the consigned vehicle; nor the information contained in the odometer statement. The seller (transferor) is required to complete and sign, and the purchaser (transferee) is required to acknowledge this information.
5. Dealers have one (1) hour from the time of purchase to either complete payment or initiate arbitration. All complaints and rejections must be processed through arbitration within this one-hour window. Arbitrations are to be rectified with A.D.E., NOT THE SELLER. Management decisions are final in all arbitration matters.
6. Stolen vehicles are to be settled from the purchase price; less 2% per month and are the sole responsibility of the seller.
7. The seller is responsible for repurchase of any vehicle sold unannounced with a prior salvage title or state issues MVIN plate for a period of 90 days from the date of sale.
8. The seller and purchaser both agree to indemnify and hold Auto Dealers Exchange ("A.D.E.") harmless from any liability, loss, cost, damage, expense, including attorney fees, which may arise either directly or indirectly from the sale and purchase of the consigned vehicle. This includes but is not limited to title services provided by A.D.E., defects in titles, odometer mileage, or odometer mileage statements.
9. A.D.E. does NOT guarantee the year of foreign cars, house trailers, boats, or motorcycles.
10. For valuable consideration and to secure final payment of any indebtedness owing to A.D.E. arising out of the sale of the consigned vehicle, the purchaser hereby grants A.D.E. a purchase money security interest in such collateral, consisting of the consigned vehicle, together with all additions, accessions, accessories, replacements and in the proceeds thereof. The purchaser hereby authorizes A.D.E. to prepare and file a financing statement without the purchaser's signature being placed thereon.
11. Delivery of the consigned vehicle in possession of the purchaser prior to both A.D.E. receiving the payment and a valid certificate for the consigned vehicle is solely for the convenience of the purchaser. No title is conveyed or is intended to be conveyed until both conditions listed above have first been met.
12. Seller and purchaser agree to abide by both registration and A.D.E. policies, copies of which have been furnished to the seller and purchaser.
13. By accepting A.D.E.'s check, the seller agrees to be bound by the TERMS OF SALE and acknowledges completion and execution of the required odometer mileage statement pertaining to the vehicle described.
14. When signing, the purchaser agrees to be bound to the TERMS OF SALE pertaining to the vehicle described.
