The auction represents a very efficient means of
converting your used vehicle into cash. At each
of our weekly sales, cars and light commercial
vehicles are offered for sale to an audience of
up to 400 people all potential buyers. If
you are selling your car at auction for the
first time, it is worth considering the
following points: |
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| Useful hints - before the sale |
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Being Prepared:
Bring your car to the auction hall as
early as possible on the day of the sale or,
preferably, the day before. |
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Advice: Our
experienced staff and professional auctioneers
will be pleased to assist in providing a
valuation and advise a suitable reserve price
to ensure the best chance of a sale. |
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Include
Documents: Bring all relevant documentation
i.e. The Registration Documents / Vs
(with appropriate sections completed and
signed). M.O.T. Certificate and any
Service History. |
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Presentation:
Make every effort to present your car in the
best possible way. Ensure that it is cleaned
and polished inside and out. Write clearly on
the entry form giving all the vehicle
details.
Remember - a misleading
description may make the owner liable to
prosecution under the various Trading
Standards LAWS and you will be charged
commission in the event of a cancelled sale.
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Sold as Seen:
These Vehicles must have no mechanical
description on the windscreen sticker. |
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Reserve Price:
Vehicles over 12 years old must be entered
without reserve and will be sold to the highest
bidder. In exceptional circumstances, a
vehicle may be accepted with a reserve price
if a valuation has previously been agreed with
the auctioneer. |
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Once you have brought your vehicle to the
auction along with your registration document
and M.O.T certificate (if current), you will be
asked to fill out an entry form. This document
is used by the auctioneer to describe from the
rostrum your vehicle details i.e. 'as seen' or
'with a warranty'.
When you sell your vehicle 'as seen' it is
up to the prospective buyer to determine the
condition and value. With a warranty, will
enable you to describe the condition of the
vehicles major mechanical components and thus
draw the buyers attention to such features as
rust proofing and accessories etc. You must
ensure that your description is accurate as the
buyer has one hour after the sale to dispute the
description. In the unlikely event that a
misrepresentation has occurred, the sale may be
cancelled and the seller will still have to pay
the full commission. If you are unsure as to the
condition of some components in your vehicle, an
engineer's report can be obtained (fees from
around £20).
In which case the auction will road test
your vehicle and complete the form for you. Once
your vehicle has been sold, subject to all the
documents being in order, you will receive a
cheque in the post which normally takes four
working days. |
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| Do I have to pay to watch at auction? |
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| No, it is a public auction and anybody can
either watch a sale in progress or attend a non
sale day at their own leisure. |
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| Simply catch the auctioneer's attention by waving
something, then he will look back at you to bid again there
after. Listen very carefully to what the auctioneer says
about the car being auctioned. |
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| What will I need, to buy from auction? |
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| A cash deposit is required immediately on the fall of
the hammer, and full payment is then made within 24 hours at
which time you may collect your vehicle. |
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| Can you collect or deliver cars? |
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| Yes, for a nominal fee our transport department can
arrange collection of your vehicle and bring it in the auction
for sale. They can also deliver your new purchase, to save
you from driving it without insurance and road tax. |
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| What is a provisional sale? |
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| A provisional sale is the last bid taken that is
below the reserve price. The seller is then contacted to see
if the bid is acceptable. A buyers fee is charged. |
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| What is, and why do I pay a buyers fee? |
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| A buyers fee is charged in order to cover the buyer
from the vehicle having any outstanding H.P. Charges, or in
the unlikely event that the vehicle has been an insurance
total loss or has been stolen. |
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| Some vehicles are sold without documents, why? |
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| Many of the auction accounts are fleet operators with
cars and commercials, so to wait for such companies to send
the documents from head office, may take weeks, therefore to
avoid disappointment the vehicle is sold without. You can
apply for a duplicate logbook at any Post Office. |
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| Useful hints for sellers at auction - after
the sale |
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Payment:
When your vehicle is sold, a remittance advice
and cheque (a/c payee only) will be posted
within a week of the sale. Please ensure that
your full name, address and post code
are printed clearly on the entry
form. |
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Charges:
An entry fee is charged each time a vehicle is
entered in the sale. When it is sold a %
commission of the sale price (with a minimum
charge as specified in the main office) is
deducted from the sale proceeds, plus a service
charge. |
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Unsold vehicles:
Will be subject to storage charges on a
daily basis if not removed when requested. |
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Outstanding
Hire Purchase: We are able to settle
finance agreements provided that the nett sale
proceeds are sufficient to clear the
outstanding balance. A normal charge is made
for this service. Please note that it is a
criminal offence to sell a vehicle without
clearing outstanding finance and we check all
vehicles sold with a hire purchase information
register at the time of the sale. The register
will disclose if any finance house has an
interest, if it is recorded with the police as
stolen, if it has been the subject of a total
loss of insurance claim or had a change of
registration number. |
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| We are members of the 'Society of
Motor Auctions' and operate in accordance with
their strict code of practice and customer
charter. |
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