2001 Dodge Intrepid ES Sedan 4-Door
V6, 3.2 Liter, Automatic FWD

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Bidding Terms and Conditions
For Sale of Repossessed Vehicles

Please print out this form, fill it out and return it in person by close of bidding. I wish to submit a bid in the amount of $________ for the ______________________________________________ which has been repossessed and is being sold by Coast Central Credit Union.

I understand that I am purchasing the vehicle in its "as is" condition with no warranties, express or implied, as to its condition, fitness or merchantability. If my bid is accepted by Coast Central Credit Union, I understand that I am to pay all DMV fees and taxes to obtain current registration and title, which may include a smog certification.

In submitting this bid, I am not relying on any representation or warranty made by Coast Central Credit Union regarding the condition of the vehicle. I understand that it may be to my benefit to have the vehicle inspected by a mechanic of my choice.

I understand that all funds must be in the form of cash or cashiers check.

Financing is available though the credit union pending approval by the Member Loan Services Department. If my bid is accepted, I understand that I will have seven days to arrange financing, unless an extension of time has been approved by Coast central.

I understand that this bid can be canceled at any time at no cost to me.

I understand that if no one submits a satisfactory bid, the credit union reserves the right to extend the bidding process or send the vehicle through an outside sale process.

Upon delivery to the credit union, an appraisal was done to determine book value and general condition of the vehicle. If deemed necessary to improve marketing of the auto, it will be sent out for cleaning/detailing. Only rarely will actual mechanical work be done to the auto. Vehicles will be bid upon and sold in an "AS-IS" condition. All bids will be sealed by the bidder.

Potential bidders are encouraged to have a mechanic inspect the vehicle, as the credit union is not in a position to warranty the vehicle's condition. Further, bidders are advised to verify listed options prior to bidding.

A closing date will be set when bids will close. This will normally be noon Friday at least two weeks from the time the vehicle is first available for inspection and bids. If deemed necessary to increase bids, a newspaper ad may be run.

Upon close of bidding, all bids will be opened together. If the bidding process produces a bid that is determined to be acceptable by the credit union, the high bidder will be notified of the acceptance of his or her bid, and a time set to conclude the sale. If no bids are considered satisfactory, based on the value of the vehicle, the collection department will notify all bidders that we are exercising our right to reject all bids and either start the bidding process over or to send the auto to an auction.

Due to the number of bidders on certain autos, the credit union will not contact all bidders that their bid was not accepted, except in the case that no bid is accepted. The bidding and sale process can be interrupted without notice to bidders if the original borrower (1) brings the loan current or otherwise cures the delinquency, or (2) files bankruptcy before the sale is completed. In either case all bidders will be notified that outside events have canceled the sale.