NAAA section 2

Question 1

Green Light - Ride and Drive

Answer 1

The green light signals that this vehicle is guaranteed under the conditions outlined in this policy by the seller. Any defects or issues requiring disclosure per this policy should be announced using the green and yellow lights.

Question 2

Yellow Light - Limited Guarantee

Answer 2

This light is an indication to the buyer that the Auctioneer or Selling Representative has made announcements that qualify/clarify the condition or equipment and limit arbitration of this vehicle in conjunction with the green light or when “limited guarantee” is announced.

Question 3

Red Light - Limited As-Is

Answer 3

Vehicles selling under the red light will only qualify for arbitration under the rules outlined in this policy. (As-Is dollar amount, model years, and mileage are subject to local auction policy).

Question 4

Blue Light Title Attached/Title Unavailable/Title Absent

Answer 4

This light is used to announce that the title is not present (auction managed location) at the time of the sale. For Auction rules regarding titles please refer to the Title Arbitration Policy section. If “title attached/unavailable/absent” is not announced, a vehicle could be arbitrated for no title in the absence of auction company policy.

Question 5

Ride and Drive Only

Answer 5

Green - yes
Yellow - no
Red - no

Question 6

Ride and Drive with Caution Announcement

Answer 6

Green - yes
Yellow - yes
Red - no

Question 7

Limited Guarantee Only

Answer 7

Green - no
Yellow - yes
Red - no

Question 8

Limited As-Is Only

Answer 8

Green - no
Yellow - no
Red - yes