Purple Wave Auction

Identity & legal standing

• Legal entity confirmedRegistered name matches state incorporation filing
• Beneficial ownership disclosedControlling owners named, no undisclosed parties
• Business registration & tax ID matchedFederal EIN verified against filed records
• Officers screenedNo barred or disqualified directors on record

Licensing & premises

• State dealer licence confirmedLicence active, no lapses or suspensions on record
• On-site lot inspection completedUnannounced visit, inspector on premises
• Trading address verifiedPremises match the address held on the licence
• Consumer notices postedRequired disclosures displayed on site

Title, liens & inventory

• Title and lien search cleanNo outstanding liens recorded against inventory
• VIN and odometer records consistentSampled units reconciled against title documents
• Floor plan financing in good standingLender confirmed no arrears on the facility
• Consignment terms reviewedOwnership disclosed for units held on consignment

Insurance & conduct

• Liability insurance certificate currentCover confirmed directly with the carrier
• Garage keepers cover in forceCustomer machines insured while held on site
• Surety bond verifiedBond value meets or exceeds the state minimum
• Complaint history reviewedNo unresolved regulator or trading-standards action