Information                 

Buying a vehicle at auction

	Auction Process If you are the highest bidder and the hammer falls a contract is made between the Seller and the Buyer and you have an obligation to buy the vehicle. If you are the highest bidder but the hammer does not fall, your bid failed to reach the Sellers reserve. We then submit your bid to the Seller.  If your bid is accepted a contract is made between the Seller and the Buyer and you have an obligation to buy the vehicle.
	Cash Deposit If you are the highest bidder a £100 Cash Deposit is payable immediately at the rostrum. Account customers do not need to provide a deposit. Only if your bid is not accepted by the Seller will your deposit be refunded.
	Settlement The settlement value (Sale Price + Buyers Fee - Deposit) is payable by either: Cash * Bankers Draft (or Building Society issued cheque) NO CREDIT OR DEBIT CARDS OR PERSONAL CHEQUES ACCEPTED All lots must be paid for on the day of sale.  Later payments may only be made by arrangement with the office. The vehicle will not be released from site until full payment has been received. Failure to pay on time may result in loss of deposit.
	Buyers Fee A Buyers Fees is on a sliding scale and is payable over and above the sales price. This fee payable by all Buyers for services provided by the Auctioneer including the compensation fund fee referred to in Part C Paragraph 4 of our General Conditions of Auction.
	Trade accounts available on request

Selling your vehicle at auction
 

	Entry Form An Entry Form needs to be completed for every vehicle entered into the auction Download
	V5 - UK Registration Certificate # To sell a vehicle in the auction all you need is the car, its V5C or old V5 (see note on Registration Certificates below) and MOT and Service History if applicable.
	Clear Title You must have clear legal title to sell the vehicle and it cannot be subject to a Hire Purchase Agreement.
	Total Loss We do sell vehicles that have been registered as an insurance 'total loss' however they must be described as such on the Entry Form.
	Reserve Price The Seller sets the reserve price.  When a vehicle is entered into auction we can provide a free valuation and recommend an appropriate the reserve price if required.
	Entry Fees An Entry Fee of £15 is payable on each vehicle entered.  This covers entry into 2 sales. Thereafter unsold vehicles have to be removed from site unless prior arrangement has been made with the office. If your vehicle sells Entry Fees and Commission are deducted from the sale proceeds. If your vehicle does not sell Entry Fees are payable before the car can be removed from site.
	Commission Commission is only payable if the vehicle sells.  It is based on a sliding scale and is deducted from the sale proceeds.

# V5C - UK Registration Certificates and the old V5 - Vehicle Registration Documents The Auction currently accepts the old V5 - Vehicle Registration Documents however Sellers should be aware that, due to the delays involved in obtaining a new V5C from the DVLA, cars entered with the old V5 are less likely to achieve their potential sale value.  In the near future the auction will only accept cars with the new V5C documents.