BUYING

Registration
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.

Deposit - Truck & Trailer, Van & Car Auctions
A cash/or*credit card deposit of £2,000 or 10% (whichever is greater) per lot and some form of photographic identification will be required upon registration

Export Buyers
A cash/or*credit card deposit of £2,000 or 10% (whichever is greater) per lot and passport ID is required before the start of each auction.

Plant Auctions
A cash/or*credit card deposit of £2,000 or 10% (whichever is greater) per lot 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 ***Please note that cash can only be accepted on auction days at our Hemel Hempstead and Scotland auction centres 

Debit card

Credit card

Bank Transfer (Please call for our bank details)

Cheques - CVA no longer accept payment by cheque

***PLEASE NOTE UNDER THE CURRENT CIRCUMSTANCES, PAYMENTS WILL ONLY BE ACCEPTED BY BACS***

SELLING

Entry Form
A signed entry form needs to be completed for every vehicle entered into the auction.

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.

Note: Plant items can only be reserved if the value of the item is over £500. Items under this value will be sold without reserve*

(*CVA may exercise the right to remove this rule without notice)

Entry Fee
An entry fee of £35 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. The entry fee also

covers an HPI check on each vehicle entered.

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.

*Anti-Money Laundering Legislation introduced by HM Revenue & Customs 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 & collected within 5 working days (*Please contact us on 01302 732600 for our current buyers premium rates.)