Lagun Republic FTV-2S Vertical Milling Machine | West Auctions

Lagun Republic FTV-2S Vertical Milling Machine | West Auctions

Bidding Terms

Bid Limit: All new bidders have a bid limit of $1,500; verified bidders have a bid limit of $5,000.

In-person inspections are recommended as all items are sold "as-is"

All bids are final when placed, with no retractions

Pay on time, or a 15% penalty fee is applied

Pickup during removal times only. No extensions or exceptions!

Soft Close Auction: If a bid is placed within the last 2 minutes of an auction lot's scheduled closing time, the auction lot's scheduled closing time will be automatically extended by 2 minutes. The auction lot will close once its scheduled closing time has passed and no additional bids have been placed in the last 2 minutes.

When the first bid is placed, bidders are bound by all terms and conditions of this auction. Therefore, Bidders should not participate in the auction if they cannot comply with the stated auction terms. Please bid accordingly.

Payment Terms

Payments are not charged automatically unless enrolled in Autopay. Buyers are fully responsible for paying their invoices. If the Buyer chooses another payment method after Autopay has occurred, the credit card fee is non-refundable.

Penalty Fee: If payment is not received, buyers authorize West Auctions to charge a non-refundable 15% penalty fee to their credit card based on their total invoice high bid amount.

Buyer's Premium and Sales Tax: A 18% Buyer's Premium (with a 3% discount for certified funds) is in effect for this auction. Location-based sales tax will also be collected for this auction.

How to Pay Your Invoice: Credit cards online, cash/cashier's checks in our Woodland office (Monday-Friday), or wire/bank transfers. No personal/business checks. Payments are NOT accepted at the pickup location.

Removal Policy: Buyers are responsible for all aspects of removal. All items remaining after this specified time are considered abandoned and forfeited, with no further rights by the Buyer. Buyers may authorize another person or company to pick up their auction purchases, provided prior written authorization is given.

Auction Terms

All items are sold 'as-is' and 'where-is' with no warranties expressed or implied. No items have been tested for working condition by West Auctions. Bidders or their Agents are responsible for ensuring they received all their items. No claims of any kind shall be allowed after the item has been removed by the Buyer or item has been signed for after time of removal. Buyers in default authorize West Auctions to charge a 15% penalty fee to their credit card based upon their total invoice high bid amount. The penalty fee cannot be applied to individual items. There are no refunds or exchanges. Employees are unable to assist with physical loading. Bidders are bound by all terms and conditions of this auction when the first bid is placed, therefore, Bidders should not participate in the auction if they cannot comply with the stated auction terms. Please bid accordingly.