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| When looking to buy a car, there are several
approaches that you can take, from buying new
from a dealer to finding one in the private
ads, and of course buying from a car auction. |
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Buying a car at auction can be one of the
cheapest ways of getting hold of a second hand
car, as these places sell large volumes of cars
and the profits that are taken by the parties
involved are generally low, leading to cheap
prices for the buyer. When buying at auction you
need to know what you are looking at, if you are
not mechanically minded and don't have anyone
who is to advise you, then a car auction is
probably not for you.
Before the car that you are interested in
comes into the auction, you need to be prepared
if you are going to get a good deal. The first
thing that you will need to do is inspect the
car as thoroughly as possible, and read the
description of it carefully to make sure you
know exactly what you will be bidding on. |
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When the car does roll into the auction,
stay calm and wait to see how the bidding
is going. When bids start it's time to start
bidding. Make sure that you know what your
limit is and don't be tempted to go over it -
it's easy to spend more than you intended and
remember there are always other cars.
If you win the car auction then you must
pay for the car the same day and also cover the
auction fees applicable, be sure to check the
car properly as soon as you can as you will
generally only have an hour after the sale in
which to reject the car if you discover an
undisclosed major fault. |
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Decide in advance what type of vehicle you
require and how much you intend to pay. Make
several visits to the auction beforehand to note
the prices achieved and watch the sales in
progress. Important: take special care listen
to the auctioneer.
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 into the rostrum.
Important: take special care to listen
to the auctioneer. All vehicles are auctioned
under the following conditions: |
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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. |
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b) Sold With A
Warranty: When sold with a mechanical
description, vehicles may be test driven
accompanied by one of our drivers. If any
dispute arises with regard to the mechanical
description, the matter is referred to our
representative when a cancellation of the sale
may be agreed. |
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Trial Period:
Any complaints relating to the condition of a
vehicle SOLD WITH A TRIAL must be referred to
the representative within one hour from the
time of purchase. Complaints after this time
limit has expired cannot be considered. |
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Payment:
If you are successful in bidding, you will be
required to pay a deposit immediately and give
your full name and address. Deposit required
is £100 if the sale price is below £1000 and
10% thereafter with a minimum of £200. The
deposit may be paid in cash, by debit
card or cheque (credit card
transcations are subject to a handling fee of
4% of the total invoice value). Please note
that all bank drafts and building
society cheques will be verified before the
vehicle will be released. |
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Buyers Fee:
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. |
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Value Added Tax
(V.A.T.): This is payable on most
commercial vehicles and is calculated on the
invoice price at the current rate. |
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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. |
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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 it at the earliest opportunity. |
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