Miscellaneous » Unclassified. Auction Guarantee – Specific guarantees may vary from one auction to the next, but usually cover the drivetrain, including (but not necessarily limited to) the engine, transmission and rear end. About Auto Auction Mall. Run and Drive. Lessee – The company or individual to whom a vehicle is leased. Miscellaneous » Unclassified. This refers to a non-standard part that has been … Unusual car title types and abbreviations on Salvagebid. signed by the buyer at the auction house and. Our site is the leading resource online for car acronyms. National Association of Fleet Administrators (NAFA) – A professional organization created in 1957 for automotive fleet managers. Lower Tie Bar or Frame 2. Your form has been successfully submitted. You can put bids on cars into a group. ASM Auto Recycling defines car jargon and vehicle salvage technical abbreviations, which you may come across when buying a new/used car in an auction. Subvention – A program or plan in which certain items are subsidized by the manufacturer, the finance company, the lessor or the assignee. If you ever visit a salvage auction, you will find these codes next to the description of the lot. New search features Acronym Blog Free tools "AcronymFinder.com. Bid Assistants/Consultants/Spotters – (See Ringmen) Barrett-Jackson Auction Company 15555 North 79th Place, Suite A Scottsdale, AZ 85260 (480) 421-6694 Website: Barrett-Jackson.com Map / Directions Arbitration – A service provided by the auctions to protect the interests of both buyers and sellers to insure the transaction has been properly represented. These auctions are restricted for the general public and only licensed dealers can participate. Excess Wear and Tear Charge – Amount charged by a lessor or assignee to cover wear and tear on a leased vehicle beyond what is considered normal. JAA stands for Japan Auto Auction. DEALER. Appendix 1G - Address Abbreviations/Codes. Franchised Dealer – A licensed vehicle dealer authorized to sell and service a specific brand of new vehicles. Auction with Reserve – An auction where the sellers set a minimum price on their vehicles. DEALER, All Acronyms, viewed March 28, 2021, MLA All Acronyms. abbreviation; word in meaning; location; Examples: NFL, NASA, PSP, HIPAA,random Word(s) in meaning: chat "global warming" Postal codes: USA: 81657, Canada: T5A 0A7. The monthly lease payment is based on its depreciation, interest, administration, etc. auto auctions. During the testing phase, the interior and exterior parts of the vehicle are graded based on a set of standards. Copart is one of the world's largest clean title and salvage online auto auction companies! The bidder agrees to buy the vehicle “IF” the seller will accept the offer within a specified period of time. ... TAA (Toyota Auto Auctions) and some of the smaller non-USS branded auctions tend to be cheaper than the USS auctions, and we often see cars moved from TAA to USS by dealers making a quick profit. My projects support a more frugal approach by building most parts and not buying them as well as building vehicles that are essentially unloved or extremely cheap to buy. Auto auctions are capitalism in its purest form, and that's what lures buyers in search of a good used car at a low price. The lessee’s only extra obligations under a closed end lease might be mileage or wear and tear exceeding the lease contract provisions. P Retail Price – The price paid by a consumer to a dealer or individual for a vehicle. Capitalized Cost (Cap Cost) – The price a buyer agrees to pay for a leased vehicle. Capitalized Cost Reduction – An initial payment on a leased vehicle, which then lowers the monthly lease payment. Our export team is in process of calculating your shipping quote. Remarketing – The term that encompasses all services as well as the actual transfer of a vehicle from seller to buyer. Printer friendly. The auction sheen will often note dates or numbers of pages. The silver coins were introduced in 1986 in a $1 denomination. Cross-Line Buying – Buying “across” manufacturer product lines, e.g., a Pontiac dealer buying a Cadillac at auction. Learning these terms and knowing the meanings will help you become a smarter and more experienced buyer. are Class 8 or Heavy Duty. Salvage car damage codes are easily identifiable – they are made up of two alphabets, both capitalized. D. - AUDC Discuss these Auction abbreviations with the community: A + Good condition: A 1: Perfect condition: A/C Closed-End Lease – A lease in which the lessee is not responsible for any difference between the actual and estimated residual value at the time of lease maturity. Hammer Price – The price offered by the last bidder and accepted by the auctioneer, who bangs the hammer or gavel to acknowledge this price as the sale price. DRIVE Auto Auctions is the premier wholesale car auction destination for business buyers. This is an abbreviation of “aftermarket”. This means that the car failed to sell in live bidding as it did not reach its reserve. Equity – In an installment sale or loan, the positive difference between the trade-in or market value of your vehicle and the loan payoff amount. Share 0. Block – The auctioneering and business transaction station in each auction lane. Block Ticket – A computer-printed “paper trail” generated by the auction that documents the auction process from registration through the sale. We have helped thousands of buyers from dozens of countries buy and ship their dream cars while spending a fraction of the retail price to get them. View them in the lane or online via Auction Pipeline. Online Auction – An auction held over the Internet. This amount is a major part of a lessee’s base monthly payment. This is especially important for New Zealand buyers. The document including details about the car, the seller’s comments and the auction inspector’s assessment. This inspection certificate must be submitted as part of the import process. The list of 388 Auction acronyms and abbreviations (March 2021): 100+ Categories. Your form has been successfully submitted. AMA All Acronyms. M Nissan Auto Auction listed as NAA Looking for abbreviations of NAA? National Automobile Dealers Association (NADA) – Founded in 1917, NADA represents more than 19,400 franchised vehicle dealers. Aside from the grades of the vehicle, the Japanese car auction sheet also displays the inspector’s explanation for the grades awarded to the vehicle, along with a grade for its overall condition. The fee usually is based on the sale price of the vehicle. Dealer Invoice – The purchase price of the vehicle that the dealer is obliged to pay the manufacturer. E If you like what you see on our Copart Community Blog, take the next step and join the community by becoming a registered Copart Member here! Open-End Lease – A lease where no specific time limit is set for the vehicle to remain in service. Usually, these are abbreviations of certain types of damage commonly found on salvage cars. The system allows them to be automatically pre-registered at any participating member auction location. Generally the same as the “sticker price.”. Simulcast Auction – A live auction that is simultaneously transmitted to remote locations via the Internet so that dealers not physically at an auction can bid in real time for vehicles in the lanes. Pure Sale, Enhanced Vehicle, Run and Drive, Engine Start Program – what do these terms mean? NAAA Vehicle Condition Grading Scale Grade 5 - Vehicle in excellent condition • PAINT & BODY - Only minor defects in panel surfaces requiring no conventional body or paint work - May have had limited high quality repairs performed Consignors range from automakers selling program cars to rental and corporate fleet operators to individual dealers. “As Is” – (See Red Light) Specifics on what constitutes an “as is” vehicle can vary from one auction to another, but generally will include vehicles six years or older, with more than 100,000 miles registered on the odometer or where the odometer is suspect. Ce service gratuit de Google traduit instantanément des mots, des expressions et des pages Web du français vers plus de 100 autres langues. Resale, Remarket, Dispose – Terms used to describe offering a titled vehicle for sale at an auction. Depreciation and Any Amortized Amounts – Total amount charged to cover the vehicle’s projected decline in value through normal use during the lease term, as well as other items that are paid for over the lease term. Cut down on arbitration. AO, RJ, TP, VN are all examples. draft –A bank collection item drawn by one. This is an abbreviation of “aftermarket”. Buyer's Fee – A fee paid to the auction house by the winning bidder. B 1 / 20. Menu Search. Residual (Value) – The projection of the market value of a vehicle at the end of a lease. Retail prices generally are determined by factors including dealership retail sales prices, other retail transactions and regional demand. Don't get left behind! Definition of AUTO AUCTION in the Definitions.net dictionary. (BNIBWT is an eBay abbreviation for Brand New In Box With Tags, which inspired the creation of this website.) H Light Truck – A truck under 16,000 Gross Vehicle Weight, including pickups and vans. For example, you might have ten cars in one group, and tell us you want us to buy max 2 of them. By doing this, you can then designate how many cars you want us to get from that one group. Wholesaler – A dealer who buys vehicles at auction – or from a dealer or another wholesaler – and resells them in the wholesale market, i.e., to dealers rather than consumers. First Edition (books, magazines, prints) 1Day: A one day auction/listing: 1TO: One time only: 3Day: A three day auction/listing: 4WD: Four wheel drive (automotive) A. It is Dealers Auto Auction. Post-Sale Inspection – An inspection service that helps dealers ensure that a purchased vehicle meets its announced conditions. Printer friendly. We want to promote the most complete and correct automotive acronyms database. Auctioneer : The person responsible for conducting a sale by auction. This is a letter that tells you the auction inspector’s general impression of the general condition of the interior. The excess mileage charge is usually between $0.10 and $0.25 per mile. Frame Damage – Any damage to the frame or frame members of a vehicle. The name of the place where the auction is being held. A is the best and F the worst. AO, RJ, TP, VN are all examples. The phrase “placing an item on the auction block” is another way referencing the sale of something at auction. Our export team is in process of calculating your shipping quote. Incentives – A form of reward offered to boost sales; a special price reduction or rebate from vehicle manufacturers to influence the sale of a particular model. This is an inspection required by Kenya. Metal that has turned orange and flaked away. Lease – A contract between a lessor and a lessee for the use of a vehicle or other property, subject to stated terms and limitations, for a specified period and at a specified payment. D Automatic transmission / fully automatic transmission. What does JAA stand for? NAAA’s 360 member auctions remarket more than 16 million vehicles annually and are active in the Americas, Europe, Asia, Australia and New Zealand. Please allow up to 36 hours. Pure Sale . The diagram showing the exterior condition of the vehicle at the bottom right of most auction sheets. Total. Suppose, for example, that your lease specifies a maximum of 36,000 miles and a charge of $0.15 per mile over the maximum. DRIVE includes third-party condition reports, an industry-standard run light system, an arbitration policy and more! Abbreviation to define. The phrase “placing an item on the auction block” is another way referencing the sale of something at auction. Shares. Millions of vehicles are sold at such dealer auto auctions every year. Hammer Falls – An expression used to indicate that the auctioneer has struck a deal between the buyer and the seller, and a sale is consummated. This is the price of the car including all Japan-side costs. eBay Abbreviations What is BNIBWT? Auction – The sale process by which multiple bidders compete to acquire a vehicle that is ultimately sold to the person offering the highest price. We have helped thousands of buyers from dozens of countries buy and ship their dream cars while spending a fraction of the retail price to get them. NAAA stands for National Auto Auction Association. Examples: NFL, NASA, PSP, HIPAA. Manheim Automotive Financial Services (MAFS®) specializes in dealer floorplanning through auctions. deposited, along with the title to the vehicle, in the auction’s bank. Your form has been successfully submitted. USS is abbreviation of the name, "Used Car System Solution", a company Conducting Auction (Auto Auction) of used cars. We simplify it for you. Explore Over 120 Car Auctions In Japan For 2 Weeks. De-fleet – Action taken by commercial or rental fleet operators to reduce their number of vehicles. Redirect Success. operate a chain of auto auctions throughout Canada and the U.S.A. Our role in the automobile remarketing business is to bring Buyers and Sellers together in a professional, trustworthy, competitive and open-bidding environment. The charge may cover both interior and exterior damage, such as upholstery stains, body dents and scrapes and tire wear beyond the limits stated in the lease agreement. Consignor – Any member of the remarketing community who provides vehicles for sale at the auction. Auctioneer – Highly skilled manager of the auction activity at the time of sale. Bidder Badge – A credential that indicates a buyer’s bidder number for a specific sale. Title – A legal document issued by the state showing the owner’s name and the vehicle’s mileage at the time of sale. I Pin it 0. These are the log books in which the service records for the car are kept. Excess Mileage Charge – A charge by the lessor or assignee for miles driven in excess of the maximum specified in the lease agreement. Printer friendly. Car. We find that the most successful importers really understand how it all works - from the auction to the ship and beyond. Daily Rental – Companies that rent cars by the day or week. This means that a car was withdrawn from the auction by the seller prior to live bidding starting. Rear Pillar (C Pillar) 5. Click here. Abbreviation: Meaning: Numbers & Characters $/EA: Dollar amount per item each $/TRADE: For sale or trade: 0FB: Zero feedback, refers to a new member: 1st ed. abbreviation; word in meaning; location ; Examples: NFL, NASA, PSP, HIPAA,random Word(s) in meaning: chat "global warming" Postal codes: USA: 81657, Canada: T5A 0A7. For these countries, the inspection certificate must be submitted as part of the import process. Manufacturer's Statement of Origin (MSO) – (See Certificate of Origin) Red Light – Indicates a vehicle being sold “As Is.” A red light is illuminated while bidding is underway on such a vehicle. Acquisition Fee – A charge included in most lease transactions that is either paid up front or included in the total cost of the vehicle. Draft – A bank collection item drawn by one bank on another. Manufacturer's Suggested Retail Price (MSRP) – The suggested retail price the dealer is asking. “Risk” means the rental company bears the risk of the price they will receive for this vehicle when it is retired from service. Trade-in – A vehicle that is sold to either a new or used car dealer as part of the purchase of another. Lights – (See Blue, Green, Yellow, Red) Each color provides important information about the condition of a vehicle, and is illuminated while bidding is underway. This is the price from which bidding starts. The person employed by the auction to assess the car and write his comments on the auction sheet. The Web's largest and most authoritative acronyms and abbreviations resource. It is Dealers Auto Auction. JAA is defined as Japan Auto Auction frequently. 0. "DEALER". NAAA is defined as National Auto Auction Association frequently. Factory Sale – The same as closed sale in which buyers are limited to those representing a particular brand. This is displayed as "Est. operate a chain of auto auctions throughout Canada and the U.S.A. Our role in the automobile remarketing business is to bring Buyers and Sellers together in a professional, trustworthy, competitive and open-bidding environment. The grade gives you a general idea of the overall state of the vehicle. It is calculated as the difference between the adjusted capitalized cost and the vehicle’s value at the end of the lease. Rate it: (4.00 / 3 votes) auto bomba: Automóvil cargado de explosivos, utilizado como arma por terroristas. Glossary of Terms It is located on the driver's side of the dashboard at the base where the windshield glass and dashboard meet. Retail Transaction – When a licensed car dealer sells a new or used car to a private individual. Auction Abbreviations. Buyers cannot take these conditions to arbitration. Adjusted Capitalized Cost (Adjusted Cap Cost) – The amount capitalized at the beginning of the lease, equal to the gross capitalized cost. These are vehicles imported into Japan by the officially designated importer. Do not show this message again. These cars can be good … This is a less-popular method of shipping in which cars are loaded in containers for shipping. Prices of vehicles sold at dealer auctions tend to be lower than those advertised on any dealer’s lot. By contrast, program cars are sold to rental companies with end-of-service price guarantees. Highline® – (See Exotic Highline) Manheim-trademarked term for a top-of-the-line car. For example, “USS Tokyo 76574” is an auction number. These essential terms will get you up to speed, and make you a smarter and more effective buyer! Auto auctions must retain the original copy of their invoice. T Auto auctions are a method of selling new, and most often, used vehicles based on auction system. https://www.allacronyms.com/dealer/abbreviations/auto… National lndependent Automobile Dealers Association (NIADA) – Formed in 1946 to represent independent automobile dealers nationwide. ACV, or Actual Cash Value, is the estimated retail value of the lot as submitted to Copart by the Seller. This refers to a non-standard part that has been added to the vehicle. How is National Auto Auction Association abbreviated? Please check this page often to see if the auction has been extended BEYOND the above stated date and time. Inventory Turn – A measure of a dealer’s operations that calculates how quickly he sells, or “turns,” his inventory. Learning these terms and knowing the meanings will help you become a smarter and more experienced buyer. Insurance Auto Auctions Incorporated, a business unit of KAR Auction Services (NYSE: KAR), and a live and live-online salvage auto auction company, has opened IAA Portland West, its newest branch in Portland, Oregon. DRIVE Auto Auctions is the premier wholesale car auction destination for business buyers. IF – An offer made strictly between the buyer and the seller and not binding on either party until the sale is consummated. Depreciation – The value lost as the vehicle ages. Insurance Auto Auctions is the leader in online car auctions. N Independent Dealer – A used vehicle dealer who is not associated with a manufacturer. Abbreviation to define. ... Columbus Fair Auto Auction. Do not show this message again. auction off: To sell something at an auction. Menu Search. Black Book – Wholesale prices guide. Retail Value" on each lot page. Abbreviation to define. Chapter 8. Run and Drive. “Title Absent” (or “Title Attached”) Transactions – When a vehicle is sold “title absent,” the title is not available on auction day and must be produced and delivered to the auction by the seller within a certain period of time. released to the buyer. These are the equipment items on the car. These are vehicles which have substantial, unrepaired damage. Menu Search "AcronymAttic.com. Dealer – An individual who has been licensed by the state to transact the sale and purchase of new or used vehicles. Find. Roof Panel 7. This is the number of a particular vehicle in a particular auction. Forgotten or lost your password? Used cars, SUVs, trucks, vans, and motorcycles for sale online in US & Internationally. This is the name of the auction company. In-dash automatic transmission / dashboard automatic transmission. JAA stands for Japan Auto Auction. Integrity Exports’ staff bid in real-time using the Japanese auctions’ online bidding systems by clicking a mouse or pressing buttons on a controller. This is the price of the car at auction and does not include any other costs or shipping. Yes, we know everything about cars. (Also called Ring) Other factors affecting the evaluation of a vehicle may also apply, depending on the individual auction’s policy. The biggest dictionary of automotive acronyms and abbreviations on the Internet; The acronyms formed of 1 or 2 characters were intentionally removed, because it is considered that they can be interpreted and can generate confusions; All trademarks referenced on this site are properties of their respective owners; All the acronyms are verified using Google Search Engine. Auto Focus Robert Graysmith 2002: That's Gene Krupa on the drums, folks. This may not be the same as the year it was manufactured. Auction Block: The raised platform or podium where the auctioneer stands when conducting an auction. Looking for abbreviations of NAA? American Auction Association – 1970s auction division of Bowers and Ruddy Galleries. Each digit or letter in the VIN provides information about the vehicle. Unit – A single car or truck. Floor Pan. Autobid.de ist Europas große B2B-Plattform für Autoauktionen. Looking for abbreviations of DAA? NAAA stands for National Auto Auction Association. If the lot has been damaged, this is the value prior to the occurrence of the damage. (Also known as an invoice) National Automobile Auction Association (NAAA) – An international organization whose members operate wholesale vehicle auctions. The overall grading given to a car by the auction inspector. Reserve Price – In most cases, the minimum price a seller is willing to accept. This is the year the car was registered. I would like to welcome you to Badger State Auto Auction – a proud member of the XLerate Group, with a live sale every Thursday at 2:00 PM Central Time. Tweet 0. Bid – The amount of money offered for a vehicle in the sale. I have the utmost respect for the whole Integrity Exports team … Stephen speaks perfect English & Japanese … Even though I’m not in Japan, I feel like I have someone on my side all the way across the world, and that’s something I could never put a price tag on. These are also referred to as salvage cars. Windshield Pillar (A Pillar) 3. A yellow light is illuminated while bidding is underway on such a vehicle. Program cars represent a large portion of current model-year vehicles remarketed through auctions. Closed Auction (sale) – An auction sale limited to select dealers, such as those representing a particular franchise. Salvage – A vehicle that is not economical to repair and is sold for the value of its salvageable parts. Sometimes wish I was Gene Krupa. Please allow up to 36 hours. Vehicle Identification Number (VIN) – A 17-digit combination of letters and numbers that identifies an individual vehicle. Floorplanning – A dealer’s vehicle inventory line of credit. This is the roadworthiness test that is administered 3 years after the car is bought new, and then every two years after that. Find. Meaning of AUTO AUCTION. If a vehicle is listed as Pure Sale, that means there is no minimum bid or reserve price. The buyer is registered with Auction Access, and the bidder number is connected to the buyer’s Auction Access account. Kelley Blue Book – A publication that lists prices of used vehicles. This is the written record of the work done on the car. 28 March 2021. When a vehicle is brought into an Insurance Auto Auctions yard it goes through a basic inspection, which includes attempting to start the car if it has keys, and checking if move forward under it’s own power. Integrity Exports will arrange this if required. Dealer Sale Representative – An individual designated to act on the dealer’s behalf at wholesale auctions. Auto auctions can be found in most nations, but are often unused by most people, since in nations such as the United States, auto auctions are protected source for used car dealers. Prices of vehicles sold at dealer auctions tend to be lower than those advertised on any dealer’s lot. These are the positive points about the car that the seller writes on the auction sheet. If you ever visit a salvage auction, you will find these codes next to the description of the lot. Bidder Number – The number issued to each qualified buyer on sale day. If a vehicle is able to do so, it will be listed as “ Run & Drive Verified”. In most cases, at the end of the lease, any gain or loss from the sale of the vehicle belongs to the lessee. It’s a win win situation for us and for you. The car has had accident damage and has been repaired.The auction definition “A car which has had accident damage” is a car that has accident damage to the following area(s) which parts were repaired or replaced : 1. Disabled Sale – Auction term for a sale running inoperable vehicles with excess wear and tear. These auctions are restricted for the general public and only licensed dealers can participate. NAA - Nissan Auto Auction. Define MSI at AcronymFinder.com. Residual (Value) – The projection of the market value of a vehicle at the end of a lease. (Term “nonprogram vehicles” is preferred.) IAA operations a multi-channel auction platform and sells vehicles online & through its 180+ branches. This is an inspection required by a small number of countries. They are usually written in the top left area of the auction sheet. Seller’s Market – A market in which all or certain vehicles are scarce, and therefore buyers have a limited selection and prices usually tend to be high. Salvage car damage codes are easily identifiable – they are made up of two alphabets, both capitalized. Bids submitted AFTER the auction closing date and time shall be deemed invalid. Please allow up to 36 hours. So join us today and start shopping for your dream car. That payment can consist of cash, a trade-in allowance on an existing vehicle or rebates and incentives provided by the manufacturer. Class 7 trucks, 26,000 to 33,000 Gross Vehicle Weight are sometimes referred to as Heavy Duty. We offer hundreds of new car dealer trades, fleet, lease, and institutional units each week. Auto Auction Mall is an online marketplace that connects to all of the major salvage & insurance vehicle auction houses in North America. Appendix 1G - Address Abbreviations/Codes. 20.015 Certificates of Title for Dealer to Auto Auction Sales Chapter 20 Duplicates and Substitutes 20.015 Certificates of Title for Dealer to Auto Auction Sales (CVC §§4459, 5752, and 5911) A dealer may request a title in the dealership name for any dealer inventory vehicle being sold to an auto auction that will not accept a REG 227. This is the 2 or 3-digit code that indicates which Japanese emissions rules the vehicle complies with. Web. Sellers forgo a potentially higher sticker price to take their inventory to a dealer auction … In other countries, such as Japan, auto auctions are well known and used, sometimes indirectly, by most residents. Whether you’re a pro or a newcomer to the online auto auction world, there’s one thing that’s certain—new words, terms and phrases are always popping up. 0. Business. The dealer or individual sets the retail price of a used car by evaluating the wholesale price paid plus reconditioning expense and other costs. O This amount is sometimes referred to as the net cap cost. They are conducting auction using a communications satellite and TV auction, too. The adjusted cap is the gross cap cost less the capitalized cost reduction. MSI abbreviation. These essential terms will get you up to speed, and make you a smarter and more effective buyer! Today, I go through the process of live bidding on a vehicle being sold on the IAAI website and explain a few little details about the auction world. At-Risk Vehicles – Cars or trucks owned by a daily rental company which, at their end of service, must be remarketed by the rental company. Registrierte Kfz-Händler finden hier gebrauchte Pkw, Lkw, Nutzfahrzeuge, Wohnwagen u. v. m. Reconditioning (Recon) – The process of correcting mechanical and cosmetic defects to prepare a vehicle for resale. Tweet. Certificate of Origin – A document that conveys the title of a vehicle from the manufacturer to the dealer. Redirect Success. The car auction sheet is completed after a full mechanical inspection. Build buyer confidence and increase sales rates. This innovative technology allows international buyers to search, buy and export any vehicle of their choice.
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