Terms of Sale
Lano Equipment Inc. makes no guarantee or warranties, expressed or implied, of any kind. All items will be sold "As-Is Where-Is". The information provided is merely a guide. Sales will not be invalidated due to inaccuracies nor shall Lano Equipment Inc. be held liable as a result of defects or inaccuracies in this listing. It is the Bidder’s sole responsibility to verify all lot information that is deemed necessary prior to any bidding.
No equipment will be released until entire invoice is paid in full. All sales are final. Call with questions regarding this auction before making a bid. Any of the purchased items not picked up within 30 days will be resold and no refund will be returned to the buyer. ALL ITEMS ARE SOLD “AS IS WHERE IS” . All equipment is advertised to the best of our knowledge and no information advertised is guaranteed. Items must be removed within 14 days unless other arrangements have been made. Any items not removed after 14 days are subject to a storage fee of $25/day.
Removal, transportation and insurance are the sole responsibility of the winning Bidder.
Within 24 hours of the conclusion of the auction, an invoice will be sent to the e-mail address used to register for this auction.
Payment
The United States and state laws and penalties for a failure to settle and pay shall apply. The Buyer agrees to make complete settlement on all purchases during or immediately after the conclusion of the auction by Cash, Bank Certified Funds or Equivalent, Wire Transfer, major Credit Card, All payments need to be made in advance of picking up of the item(s) unless other arrangements have been made.
Payment Terms:
- All payments must be made in US currency. .
- All items over $5,000USD must be paid by wire transfer ONLY
- A Title Fee of $40 will be applied to each titled item purchased and is due at time of settlement.
- All lots must be paid in full within seven (7) days of the auction. Purchases cannot be removed from the auction site or collected until paid for in full. If payment is made in non-certified funds, items will not be released until non-certified funds clear our bank.
- Buyers whose principal place of business is located outside of the U.S. must issue payment via Wire Transfer only and must include all applicable wire transfer fees.
Equipment Removal
All items must be paid for in full and removed from the auction site 30 days after auction has concluded. Any lots remaining past the Auction Removal Date will be subject to a storage fee of $25 per day per lot at the Buyer’s sole expense until the lot(s) have been removed. Buyer is responsible for all freight, transport and handling costs.

Certificate of Title Information
All titles will be mailed upon receipt of full payment as follows: (A) If Buyer pays in Cash, Bank Certified Funds or equivalent, Wire Transfer, major Credit Card, the Title will be mailed five (5) banking days following receipt of funds, or (B) if Buyer pays by Company or Personal Check or equivalent, the Title will be mailed ten (10) banking days following receipt of funds.
A Title Fee of $40 will be applied to each titled item purchased and is due at time of settlement
Tax, Licenses
All sales are subject to local sales tax and/or other applicable tax laws based on the location of the item that is sold. The Buyer is responsible for all government issued licenses, safety and/or inspection certificates and agrees not to use any identification, trade name, licenses and/or certificates authorized to or used by the Seller. Buyers with a VALID tax exemption certificate are not required to pay sales tax for equipment but are required to present their exemption certificate for each sale.
Warranty Disclaimer
ALL ITEMS SOLD “AS IS, WHERE IS” AND NO WARRANTY IS EXPRESSED OR IMPLIED.
The United States and state laws and penalties for a failure to settle and pay shall apply. The Buyer agrees to make complete settlement on all purchases during or immediately after the conclusion of the auction by Cash, Credit Card, Bank Certified Funds or Equivalent, or Wire Transfer, unless an alternative method is agreed upon in advance of the auction. If you intend to pay by personal or company checks, we require a Letter of Guarantee or equivalent at or before the time of registration. If your check payment is not accompanied by a Letter of Guarantee or equivalent your purchases will be subject to verification and you may not receive immediate possession of your purchases. This Letter of Guarantee must include the following: "(Your bank) will guarantee or honor your check up to a specified amount for purchases made at this auction."

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