Whether you're buying or selling, all Auction companies plan to make it as quick and easy as possible. If there's anything you're not sure about then don't hesitate to call us on 0845 430 1343. We offer a bespoke service and our professional staff are on hand to help you.
Pick the Auction for You
Whatever you're looking for, most auction companies will have the vehicle for you however access to either Manufacturers or National fleet operators only do invitation sales only, that's when Vehicle Choice Locator can help. The option is yours; National coverage is available easy access and giving you the flexibility to either buy locally or the option to travel further a field.
At the Auction
At every Auction company you'll find they will have customer services, so if there's anything you're not sure about, or you want more detailed information, all you have to do is ask.
Where do all the vehicles come from'
Most National fleet Operators and Manufacturers will only use National Auction companies with excellent reputation and expertise in the industry. A number of large and small fleet companies including local authorities, rental company's dealers and of course members of the public choose to sell their vehicles through both National and local Auction companies which gives a very diverse mix of quality vehicles.
All Auctions Centres produce a catalogue on the day of the sale. This is your guide to what's available that day in the sale. It will tell you what vehicles are to be sold and in what order.
Pre sale viewing
On the day of the sale, once you have your catalogue, take it with you when you have a look around the vehicles. It's worth putting a few vehicles on your shortlist in case you miss out on the one you are looking for.
Now is the time you should decide how much you want to spend. Remember that in addition to the hammer price, you will have to pay a Buyers' Premium. This Buyers' Premium will be dependant on the price of the vehicle and your account status, that's when Vehicle Choice Locator can help once again. As a rule, there is no VAT on used cars. However, in addition to the hammer price VAT is applicable on most commercial vehicles and plant. The auctioneer will announce when describing the vehicle whether it is subject to VAT.
If you are unsure, please ask if VAT is going to be an addition to the hammer price before you bid.
Entry Form
You'll find a brief description of the vehicle make, model, derivative, fuel type, manual or automatic gearbox and colour.
This section covers the date of registration, year of manufacture if imported, total mileage, whether the mileage is warranted or not, MOT expiry date if applicable, date the vehicle is taxed (if a tax disc is sold with the vehicle), VIN number and if the vehicle has been on the total loss register or been recorded on a condition alert register.
Auction Starts
Once you have examined the vehicle that has caught your eye, make your way to the appointed auction hall. When your chosen vehicle arrives, listen very carefully to the auctioneer. He will read out the details of the vehicle and start the bidding.
We recommend that if you are new to auctions you attend an earlier auction to get a feel and flavour of the process. Things can move pretty fast, so it's worth getting up to speed and being comfortable before you try to bid.
Buying
When you are in the auction hall, stand where you can be seen by the auctioneer. Make your bid by clearly raising your arm. There is no tapping of caps or winks to the auctioneer here. Make it obvious!
If your bid is successful, you need to go straight to the rostrum where you will be asked for a deposit
Buyers' Premium & Financial Guarantee
Buyers' Premiums are required to be paid by all purchasers. Private buyers may purchase either the Standard Indemnity or a Financial Guarantee. All trade purchasers will no doubt have account facility set up with the auction company giving them significant saving on the buyer's premium.
These include:
' Police checks
' Insurance checks (if on total loss register)
' Outstanding finance checks
' Register of Interest
Full details of the Buyers Premium are included in the Terms and Conditions of Business displayed in every auction company.
Taking the vehicle away
Once you have paid in full and all funds have cleared, the cashier will hand over all documentation to you:
If you would like to purchase the full comprehensive guide on, How to buy from auction, please complete the purchase order form.
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