Green Light

GREEN LIGHT: "ARBITRATION POLICY APPLIES"
The Green Light designates that the buyer may request arbitration under Capital’s Arbitration Policy. Buyer has 48 hours from the Time of Sale (weekends and holidays excluded) to request arbitration under the Arbitration Policy. After the arbitration period lapses, the transaction becomes "AS-IS". For vehicles sold as "On Approval", the "Time of Sale" is defined as the time that the Seller approves the sale price. For all other vehicles, "Time of Sale" is defined as the time that the Buyer becomes the final high bidder in the auction.

ARBITRATION POLICY

If you are the Buyer of a Green Light vehicle, you are entitled to inspect your purchase and submit it for arbitration for undisclosed conditions within 48 hours from the Time of Sale as stated above. Upon removing the vehicle from Capital, Buyer waives all arbitration rights. One defect must total $500 before vehicle is subject to arbitration unless declared unsafe by arbitrator. Any defects found must be settled by arbitrator whose decision shall be binding upon Buyer and Seller. Once arbitration process has concluded, the transaction becomes AS-IS ("Red Light"). Vehicles may be arbitrated once.

Conditions and Equipment Subject to Arbitration
¤ Manual gear box
¤ Engine knocks or cracked block
¤ Automatic transmission slippage
¤ Differential grind, excluding tires
¤ Misrepresentation of mileage
¤ Serial numbers that do not match or reassigned VINS
¤ Frame/unibody damage
¤ Blown head gasket
¤ Burnt or bent valves
¤ Material differences (over $500 per item) not listed on the condition report