GM Vault Seller Agreement.
By submitting a vehicle to GM Vault, you agree to the following representations and obligations.
1. Seller Representations
Seller certifies that they own the vehicle, or have full legal authority to sell it on behalf of the owner. Seller further certifies that:
- The VIN is accurate and unaltered.
- The odometer reading is accurate to the best of seller's knowledge.
- The vehicle description is truthful and not misleading.
- All known defects, mechanical issues, and accident history are disclosed.
- Title status is disclosed (clean, salvage, rebuilt, parts only, etc.).
- Any salvage, flood, or frame-damage history is disclosed.
- All liens are disclosed and will be cleared before title transfer.
2. Seller Responsibility
Seller is solely responsible for the vehicle's condition, the accuracy of the listing, transfer of title, and compliance with all applicable federal, state, and local law.
3. Listing Rights
Seller grants GM Vault a worldwide, royalty-free license to host, display, advertise, and repost listing photos, video, and text for the purpose of operating and promoting the marketplace.
4. Fees
Seller agrees to all listing fees and success fees as published on the site at the time of listing. Sellers receive 100% of the final sale price directly from the buyer; GM Vault's 5% buyer's premium is charged separately to the buyer.
5. Reserve & Bid Goes On
Reserve prices are confidential. If the reserve is not met at the close of auction, the listing transitions to Bid Goes On for seven (7) days at the seller's reserve as a Buy-It-Now price. Seller may lower the Bid Goes On price at any time.
6. Exclusivity & No Withdrawal
By listing a vehicle on GM Vault, Seller agrees the vehicle is offered exclusively through GM Vault and is not actively listed for sale anywhere else (other auction sites, marketplaces, dealer lots, social media, or private channels). Once the auction goes live, Seller may not withdraw the vehicle, terminate the auction early, or sell, transfer, or commit the vehicle to any other party until the auction (including any Bid Goes On period) has fully concluded.
Breach of this section will result in permanent banning of the Seller's account, dealer license number, and payment methods on file from GM Vault, in addition to liquidated damages equal to the greater of $2,500 or 10% of the high bid at the time of breach, plus any buyer-side costs incurred. GM Vault may also pursue any other remedies available at law or equity.
7. Indemnification
Seller agrees to defend, indemnify, and hold harmless GM Vault, its officers, employees, and agents from any claim, loss, or liability arising out of an inaccurate or incomplete listing, undisclosed defects, title disputes, or breach of this Agreement.