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Buying at Auction
Registration
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In order for you to buy at our auction, you must be registered. For first time buyers, you will be asked to complete a bidder’s registration form which only takes a few minutes to fill in, you will then be given a bidder’s number and catalogue which is unique to that sale.
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Deposit
Truck & Trailer and Van Auctions
A cash/or*credit card deposit of £500 per vehicle and some form of photographic identification will be required on the fall of the hammer or the taking of a provisional bid from buyers unknown to the auctioneer.
(*All credit card transactions will have a further 3% plus VAT charge to the total figure)
Export Buyers
Registration at our accounts office with £1,000 deposit and passport id is required before the start of each auction.
Plant Auctions
Registration with £500 deposit and some form of photographic identification is required before the start of each auction.
Please note that the deposit is fully refundable if you do not purchase anything.
Settlement
The settlement value = ( Sale price plus *buyers premium plus VAT less any deposit taken ) and is payable by either:
- Cash
- Banker’s draft (or building society cheque)
- Debit card
- Credit card (subject to a 3% handling charge)
- Cheques (cheques must be cleared before vehicle is released usually 5 working days)
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*Anti-Money Laundering Legislation introduced by HM Customs & Excise is in effect. To comply with the rules we only accept up to £9,000 in cash from any buyer on any one day/transaction.
All lots must be paid for within 5 working days (*Please contact us on 01302 732600 for our current buyers premium rates.)
Selling at Auction
Entry Form
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A signed entry form needs to be completed for every vehicle entered into the auction.
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***Vintage Tractor Auction Entry Form (click here to download)
Reserve Price
The seller sets the reserve price. When a vehicle is entered into the auction we can provide a free valuation and recommend an appropriate reserve price if required.
Entry Fee
An entry fee of £25 is payable. If your vehicle does not sell it will be automatically entered into the next auction. If your vehicle subsequently sells, the entry fee and commission are deducted from the sale proceeds. If your vehicle does not sell entry fees are payable before the vehicle can be removed from site.
Commission Rates
Commission is only payable if the vehicle sells. It is based on a percentage of the sale price and is deducted from the sale proceeds.
Contact us on 01302 732600 for current commission rates.
Service Charge
Service charge is £10, which covers an HPI check on each vehicle entered.
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