How to buy a car
When you are in the Auction Hall and bidding on a vehicle, make your bids clear by raising your arm, and be certain that the auctioneer has seen your bid.
Payment of Vehicles
Congratulations - if you have got this far your bid has been accepted under the hammer or as a result of a provisional bid being agreed. Before you can take the car away it must be paid for in full. A deposit of £60 in cash payable on the fall of the hammer.
Settlement of the account can be made in cash, bankers draft or building society cheque.
If there is anything you are unsure of, please ask a motor auctions member of staff.
Cars Sold as Seen
No complaints can be accepted once the car has been sold. The car has been sold with all its faults.
The owner is allowed to place a reserve price on a vehicle. The auctioneer must not sell below the reserve price. If your bid is the highest bid received but is below the reserve price, the auctioneer may 'provisionally' sell the vehicle. This is subject to the seller accepting the highest bid.
If your bid is a provisional bid, you must then be prepared to wait to find out if your bid has been successful.
Decide in advance what type of vehicle you require and how much you intend to pay. Make several visits to the auction beforehand to nte the prices achieved and watch the sales in progress.
When you are finally ready to buy the car of your choice, examine it as carefully as possible before it is driven into the auction ring, make a note of the lot number, decide how much you are prepared to pay for it, then follow the car to the rostrum.
Important: take special care to listen to the auctioneer. All vehicles are auctioned under the following conditions:
a) Sold as seen: Any description appearing on the vehicle must be ignored and no sale may be cancelled. Certain vehicles such as 'Direct from Company', 'Local Authority' and 'Commercials' are SOLD AS SEEN regardless of age or value and the same terms apply.
Payment: If you are successful in bidding, you will be required to pay a deposit immediately and give your full name and address.
Buyers Indemnity: A fee (plus V.A.T.) Is charged on the purchase price of each vehicle which enables the auction to check that the vehicle is not subject to any outstanding hire purchase agreements, is not recorded as stolen and has not been written off by an insurance company as the result of accidental damage. Full details of the scheme are listed on the reverse of your purchase invoice.
Value Added Tax (V.A.T.): This is payable on most commercial vehicles and is calculated on the invoice price at the current rate.
Provisional Sale: Sometimes, the bidding on a vehicle may stop slightly short of the reserve price. At this point, the auctioneer may offer the last / highest bidder the option to purchase subject to further negotiation with the vendor. This usually results in a successfully completed sale and the normal requirement for a deposit applies, as do standard auction rules.
Liability: At the fall of the hammer, the vehicle becomes the responsibility of the purchaser and so it is your own interest to pay for and insure at the earliest opportunity.