SOLD
55.00USD+ (8.25) buyer's premium + applicable fees & taxes.
This item SOLD at 2022 Mar 01 @ 13:35UTC-5 : EST/CDT
Did you win this lot?
A full invoice should be emailed to the winner by the auctioneer within a day or two.
NOTE: ALL PARTS IN THIS AUCTION ARE EITHER REMOVED FROM WORKING MACHINERY OR SOURCED FROM INVENTORY CRIB CONSOLIDATIONS. ALL PARTS ARE BELIEVED TO BE IN GOOD WORKING CONDITION. ANY KNOWN DEFECTS WILL BE CALLED OUT IN THE DESCRIPTION SECTION. YOU MAY COME TO OUR FACILITY AT ANY TIME DURING BUSINESS HOURS TO INSPECT THESE PARTS. AS ALWAYS, THESE PARTS ARE BEING SOLD “AS IS”, WITHOUT RETURNS.
NOTE: SOME LOTS MAY HAVE QUANTITY BIDS APPLIED TO THEM, SEE EACH LOT DESCRIPTION / BID CONFIRMATION
MAGNETEK #GPD 502 Model # L714 Drive - Appears New
Auction Location:
2051 Harvey St, Muskegon, Michigan, 49442, United States
Taxes:
| Tax | Rate | Desc. |
| ST |
6% |
Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
15% |
Additional Fees:
Shipping Details:
BTM Industrial International Shipments
• All paperwork and shipping labels are completed by BTM Industrial for ALL International Shipments
• Customers are welcome to have BTM Industrial ship on their UPS/Fedex account, but the paperwork and shipping labels will be generated by BTM Industrial
• EEI’s are required when the value of the items or goods exceed $2,500.00 USD
• BTM Industrial will ship with specific HS Codes if requested by the customer
*NOTE: BTM CAN FILL OUT CUSTOMS PAPERWORK, BUT ONLY ONE TIME. IF PAPERWORK IS FILLED OUT AND A REQUEST TO MAKE CHANGES ON THEM, THERE WILL BE A $150 ADMIN PROCESSING FEE TO MAKE THESE CHANGES. PLEASE MAKE SURE TO COMMUNICATE WITH AUCTION COORDINATOR RIGHT AWAY ON CUSTOMS PAPERWORK AFTER YOU RECEIVE YOUR FINAL INVOICE. WE WILL NOT CHANGE ANY INVOICE AMOUNTS, SO DO NOT ASK!
*BTM INDUSTRIAL WILL ONLY SHIP TO THE ADDRESS THAT IS ON YOUR ACCOUNT WHEN YOU SIGN UP FOR THE AUCTION. IF YOU REQUIRE A DIFFERENT ADDRESS, YOU NEED TO CONTACT THE AUCTION COORDINATOR BEFORE YOU MAKE PAYMENT ON YOUR FINALIZED INVOICE THAT HAS SHIPPING AND HANDLING ADDED. *NOTE: EVEN IF YOU SEND AN EMAIL, BTM IS STILL ONLY FINACIALLY LIABLE FOR SHIPPING TO THE ADDRESS THAT IS ON YOUR INVOICE. BEST THING TO DO IS IF YOU REQUIRE AN ITEM TO GO TO ANOTHER ADDRESS, CHANGE IT IN YOUR BTM INDUSTRAIL ACCOUNT THAT WAY IT SHOWS UP ON YOUR INVOICE.
BTM INDUSTRIAL IS NOT RESPONSIBILE FOR ASKING BIDDERS WHERE THEY WANT THEIR ITEMS SHIPPED, QUOTES AND SHIPPING ARE ALL DONE BASED ON THE ADDRESS ON YOUR INVOICE.
BTM INDUSTRIAL WILL NOT BE HELD LIABLE FOR AND ADDITIONAL CHARGES IF ITEMS NEED TO BE SENT TO OTHER LOCATIONS AFTER THE ITEMS LEAVE OUR BUILDING. IF THIS IS NEEDED, PAYMENT FOR REDIRECTING THE SHIPMENT MUST BE PAID BEFORE SHIPMENT IS REDIRECTED.
***SHIPPING QUOTES ARE GOOD FOR 7 DAYS AFTER YOU RECEIVE YOUR FINAL INVOICE, IF YOU ARE DELAYED ON YOUR PAYMENT AND YOUR INVOICE IS SHIPPED AFTER 7 DAYS, YOUR SHIPPING COST COULD CHANGE. PLEASE MAKE PROMPT PAYMENT TO AVOID ANY CHANGES IN SHIPPING COST***
Shipping Details:
BTM Industrial has updated the handling charges effective 1/06/2019 to ensure transparency of charges and to effectively package your items for safe delivery.
NOTE: This is for PACKAGING and HANDLING only, it DOES NOT include the actual cost to ship your items.
Ground Packaging:
Cost is $3.00 Per lot, PLUS a per pound (LB) charge as follows:
1-10 Lbs, $1.00 per lb
11-25 Lbs, $0.75 per lb
26-50 Lbs, $0.50 per lb
51-75 Lbs, $0.35 per lb
*BTM Does not package and ship any one box over 75lbs to ensure safe delivery.
*Packaging Items used: boxes, bubble wrap, tap, paper shreddables, static bags (if needed for electronics)
*On valuable items such as drives, controls, power supplies, motors, items may be packed in our foam packaging machine. Handling costs will reflect if this packaging is used.
LTL Packaging:
1lb-225lbs, $0.25 per lb
226lbs-400lbs, $0.20 per lb
401lbs and above, $0.175 per lb
*Note these LTL costs are subject to change depending on how your items need to be safely packaged.
PALLET FEE $50
SMALL CRATE FEE $75
LARGE CRATE FEE $100
Shipping:
BTM Industrial uses UPS ground and LTL shipping.
Options for Shipping:
1.) BTM can provide you with a quote for us to ship your items.
2.) If you have a UPS account number, we can ship under your account.
3.) We can send you the package count, dimensions, and weights, so you may contract your own shipping. Documents must be provided by the buyer and the buyer assumes all responsibility for insurance and accuracy of the shipping information.
Shipping and Handling will be line itemed seperatly on your invoice to ensure you know what the two charges are.
Payment Details:
Cash, wire transfer, bank draft or certified check will be accepted as payment of the Purchase Price.
BUYERS PREMIUM: 15% for payments by wire or certified check, 18.5% if using Credit Card or PayPal.
Payment terms - Full Payment is due upon 48 hours of
receiving invoice. (see above for payment methods)
For any wires to hit our account, you MUST use the full name of our business “BTM Industrial Corporation”. (New policy of Huntington
Banking)
Pay By Wire: (NEW ACCOUNT AND ROUTING NUMBERS!) Reference your Auction and Paddle # on the wire!
BTM Industrial Corporation
2051 Harvey St
Muskegon, MI 49442
Huntington National Bank
2185 Three Mile Rd NW
Grand Rapids, MI 49544
ACH Routing #: 072403473
Wire Transfer Routing #: 044000024
Account #: 01158493160
Swift Code: HUNTUS33
SALES TAX IS APPLIED TO ALL BUYERS IN THE UNITED STATES, IF YOU HAVE A SALES TAX EXEMPTION ID # PLEASE MAKE SURE TO ENTER IT WHEN SIGNING UP FOR EACH AUCTION. IF WE DONT HAVE YOUR FORM ON FILE, TAXES WILL BE ADDED UNTIL WE RECEIVE IT, PLEASE EMAIL/CALL AUCTION HOUSE FOR MORE INFORMATION.
Accepted Payment Methods:
- VISA
- Master Card
- AMEX
- Discover
- Money Order/Bank Draft
- Check/Cheque
- PayPal
- Wire Transfer
- Cash
PREVIEW:
FOR PARTS AUCTIONS, BTM ATTEMPTS TO DESCRIBE THE ITEMS TO THE BEST OF OUR ABILITY TO DETERMINE FROM INFORMATION THAT IS GIVEN TO US BY THE CONSIGNOR AND GENERAL EVALUATION OF THE PART WHEN WE RECEIVE IT. WE HAVE THREE CATEGORIES THAT WE PUT IN THE DESCRIPTION TO GIVE BIDDERS INFORMATION ABOUT THE PART BUT IN NO WAY GUARANTEES THE PARTS IS FUNCTIONAL. PARTS ARE SOLD IN "AS IS" CONDITION:
PLEASE BID ACCORDINGLY BASED ON THE DESCRIPTION AND PICTURES OF EACH ITEM. YOU ARE BUYING PARTS IN "AS IS" CONDITION. PLEASE BID ACCORDINGLY
***IF YOU INTEND ON MAKING YOUR PAYMENT BY CHECK, CASH OR WIRE TRANSFER, YOU MUST LET RACHEL KNOW SHE CAN WAIVE 3.5% ELECTRONIC PAYMENT FEES. IF YOU HAVE SELECTED YOUR CREDIT CARD AS YOUR METHOD OF PAYMENT WHEN YOU SIGNED UP, THE SYSTEM DEFAULTS TO THAT PAYMENT METHOD ON EVERY AUCTION. EMAIL OR CALL RACHEL AND SHE WILL ADJUST YOUR INVOICE ACCORDINGLY. IF YOU NOTICE A MISTAKE, SIMPLY LET US KNOW AND SHE WILL ADJUST YOUR INVOICE AND SEND YOU A NEW ONE*** (*NOTE: It is your responsibility to make sure your payment method is correct and buyer’s premium is correct, if we process your payment and didn't tell auction coordinator you wanted a different method, no refunds of the 3.5% will be issued.)
***IF YOUR INVOICE IS 2 WEEKS LATE OR MORE, YOU WILL BE SUBJECT TO A 5% INVOICE TOTAL LATE FEE. THIS APPLIES TO PICK UP CUSTOMERS AS WELL. IF YOUR ITEMS ARE NOT PICKED UP WITHIN 2 WEEKS, YOU WILL BE SUBJECT TO A LATE PICK OF FEE OF THE SAME AMOUNT. IF YOU HAVE QUESTIONS, PLEASE CALL 616.745.5953***
***BTM requires a credit card on file to verify valid bidders. BTM reserves the right to run your credit card on file if we do not hear from you about your outstanding invoice within 48 hours.
All property is sold AS IS, WHERE IS. Neither
BTM nor the consignor makes any representation or warranty, oral or written expressed or implied, as to the merchant-ability, fitness for a particular purpose, condition of the property, correctness
of the description, condition, capacity, age or any other details used to describe the property.
THE ONLY POSSIBILITY OF RETURNS/REFUNDS ARE FOR THE FOLLOWING:
1.) DAMAGED SHIPPING UPON ARRIVAL: ORIGINAL PACKAGING AND PICTURES NEED TO BE TAKEN AND SENT TO BTM INDUSTRIAL WITH IN 48 HOURS OF RECEIVING YOUR SHIPMENT. FULL REFUND OF HAMMER, BP, AND SHIPPING/HANDLING ARE ELIGIBLE FOR REFUND IF ABOVE TERMS OF NOTIFICATION AND PICTURES PRESENTED IN THE 48 HR TIME FRAME.
2.) ITEM(S) WERE NOT ACCURATELY LISTED:
EXAMPLES: COUNT, DAMAGE NOT PICTURED, PART NUMBER LISTED INCORRECTLY. BTM NEEDS TO BE NOTIFIED WITHIN 48 HRS OF RECEIVING YOUR PARTS OF A PROBLEM FOR THE POSSIBILITY OF RETURN. IN THE EVENT THIS CASE WARRANTS A RETURN, ONLY THE HAMMER PRICE AND BUYERS PREMIUM WILL BE ELIGIBLE FOR A REFUND, NOT SHIPPING/HANDLING. BUYER IS RESPONSIBLE FOR SHIPPING THE ITEM BACK TO BTM INDUSTRIAL. ONCE PARTS(S) ARE RECEIVED, A REFUND CHECK WILL BE ISSUED (WE DO NOT CREDIT ON OTHER INVOICES). EVERY RETURN SITUATION IS DIFFERENT AND BTM RESERVES THE RIGHT TO HANDLE EACH ONE DIFFERENTLY BASED ON THE FACTS AND SITUATION.
by Appointment, Inspection Days
We highly recommend inspection and previewing lots prior to bidding.
Please see all terms below.
All buyers have a MAXIMUM of 7 days to remove the items from location, unless earlier demands of time are stated in the auction description for a specific machine. If items are not picked up within that time frame then they will be removed and disposed of at buyers expense or forfeited
Sale subject to additions AND deletions.
The following constitutes the entire terms and conditions on which property listed in the
auction sale catalog shall be offered for sale or sold by BTM Industrial, and any consignor of such property for whom BTM acts as agent. BTM
Industrial strongly recommends to all bidders to thoroughly inspect all items before the auction on which bidder intends to bid. Under these
Terms and Conditions, the term ??Bidder?? and ??Purchaser?? shall be used interchangeable and be
one of the same.
1. Bidder acknowledges
that an auction site is a
potentially dangerous place.
Flammable, noxious, corrosive
and pressurized substances may
be present, heavy equipment
may be in operation, and
electric circuits may be live.
Every person at the auction
site before, during and after
the auction sale, shall be
deemed to be there at his/her
own
risk with notice of the
condition of the premises, the
activities on the premises,
and conduct of third parties;
and the bidder shall so advise
his/her agents and employees.
No person shall have any claim
against BTM Industrial, its
consignors, agents, employees,
directors or principals for
any injuries sustained or for
damages to or loss of personal
property, which may occur from
any cause whatsoever.
2. As used herein, the
term ??Bid Price?? means the
price
at which a lot is knocked down
to the Purchaser, and the
term ??Purchase Price?? means
the aggregate of (a) the Bid
Price, (b) the Buyer??s Premium
and other surcharges, if any,
and (c) unless Purchaser is
exempt by law from the payment
thereof, any Federal,
Provincial, State or local
sales taxes
(or compensating use tax of
another State), and any other
applicable taxes. Unless
exemption from such taxes is
established to the
satisfaction of BTM
Industrial, any
Purchaser claiming an
exemption will be required to
pay the
tax to BTM Industrial and seek
a refund directly from the
taxing authorities.
3. A sale to the highest
Bidder shall be complete upon
the auctioneer??s call, with
the highest Bidder purchasing
the offered lot, in accordance
with all the conditions set
forth herein, including
Purchaser (a) assuming full
risk of
loss and responsibility
thereof, see Point 8 below,
(b)
immediately making a deposit
of not less than twenty-five
percent (25%) of the Purchase
Price, and (c) paying to BTM
the balance of the Purchase
Price in full within forty-
eight
(48) hours after the auction
sale for all lots purchased.
No lot may be removed until
the Purchase Price is paid in
full for all lots purchased.
To prevent miss-delivery and
inconvenience in settlement of
a purchase, no lot may be
transferred prior to removal
by the Purchaser.
4. If the conditions
herein or any other applicable
condition(s) are not complied
with, in addition to other
remedies available by law to
BTM Industrial and/or its
consignors, including but
without limitation, the right
to
hold the Purchaser liable for
the Purchase Price, BTM may,
at its option, either (a)
cancel the sale in part or in
full, retaining as liquidated
damages all payments made by
Purchaser or (b) resell the
property, either publicly or
privately, after three (3)
days notice to the Purchaser
and
for the account and risk of
the Purchaser, and in such
event
the Purchaser shall be liable
to BTM for any deficiency if
the resale is less than the
Purchase Price, plus all
costs,
including warehousing, the
pro-rate share of expenses of
both sales including
reasonable attorneys fees,
BTMs??
commission, plus all other
charges due here under and
incidental damages suffered by
BTM or its consignor.
5. Only cash, wire
transfer, bank draft or
certified
check will be accepted as
payment of the Purchase Price.
Personal or company checks may
be accepted by BTM, at
its sole option, on the
condition that they must be
accompanied by a letter from
the Purchaser??s bank
unconditionally guaranteeing
payment of the Purchase Price
in full of items purchased.
6. BTM reserves the right
to withdraw any property
at any time before actual
sale. Unless otherwise
announced
by the auctioneer at the time
of sale, all bids are per lot
as numbered in the catalog.
Lots may be combined or
divided at the auctioneer??s
choice.
7. BTM Industrial
reserves the right to reject a
bid
from any Bidder. The highest
Bidder as acknowledged by the
auctioneer shall be the
Purchaser. In the event of
any
dispute between bidders, or in
the event of doubt on the
part of BTM as to the validity
of any bid, the
auctioneer shall have the sole
discretion either to
determine the successful
bidder or to re-offer and
resell
the lot in dispute. If any
dispute arises after the sale,
BTM`s sales record shall be
conclusive in all respects.
8. Purchase of any lot is
at the Purchaser??s risk with
risk of loss immediately
passing to Purchaser upon the
auctioneer??s call. Neither
BTM, nor its consignors,
have any liability of any
nature whatsoever to Purchaser
if
the lot is not delivered to
Purchaser due to fire, theft,
damage, or any other cause.
9. All lots purchased
shall be removed in their
entirety from the site at
Purchaser??s sole cost and
responsibility and by the date
as specified in the auction
catalog or as posted or
announced at the sale. No
items
may be removed before
termination of the sale.
Removal
shall be at the sole risk and
liability of the Purchaser or
Purchaser??s agent, and only
after Purchaser has provided
BTM
satisfactory proof of
insurance by Certificate of
Insurance
or otherwise. Purchaser shall
fully indemnify BTM and its
consignors for any loss
arising from damage to any
person or
property caused to any extent
by Purchaser??s removal of the
lots purchased.
10. Purchaser is solely
responsible to secure all
safety
equipment as may be necessary
and prudent to meet all
government safety standards in
using, operating or removing
lots purchased.
11. If BTM or its
consignor is unable to deliver
any lot or any necessary
documentation required in
respect
of any lot, their sole and
exclusive liability shall be
the
return of any monies paid on
such lot.
12. Absolutely no warranty
or representation, written or
oral, is given with any lot.
All statements contained in
BTM??s catalog, website,
marketing material or by the
auctioneers, or in any bill of
sale, invoice or elsewhere as
to description, size,
quantity, quality, capacity,
model,
serial number, measurements or
condition, are approximated
statements and shall not be
deemed to be representations
or
warranties, oral or written,
with respect to any lot. No
sale is invalid or made void
by reason of any flaw in a lot
or by reason of a lot being
incorrectly described, and BTM
will not be liable and no
compensation will be paid for
any
such fault or error of
description.