Terms and Conditions
REGISTERING
1 Any person who wishes to bid on a Lot must first be registered with us. Registration is required for each Auction. In order to register with us you must complete the relevant form and provide us with your personal details including your name and address and such other information that we request as part of the registration process.
2 We reserve the right to reject or decline any application to register with us at our sole discretion.
3 Only registered Bidders are entitled to book an appointment with a Seller to inspect a Lot or to commission an independent condition report on a Lot.
4 A Bidder Registration Fee must be paid to us at the time of registration via the Website for each Auction.
5 It is expressly acknowledged and agreed by Bidders that many vehicles sold through an Auction may be collector’s items only and may not be suitable for use on a public road. It is for the Bidder to make its own enquiries as to the roadworthiness and condition of each Lot listed on our Website. Vehicles may have had parts replaced and be re-painted making it difficult to establish the underlying condition of a vehicle.
6 Only Lots with the vehicle registration number included within the details for the Lot will have the vehicle registration number transferred to the successful Bidder.
7 Any description of a Lot is purely provided as a guide for potential Bidders. Each Bidder must take reasonable steps to satisfy themselves that the Lot is suitable for their purposes. All Lots are made available for personal inspection and we encourage all Bidders to take advantage of this facility prior to bidding. No reliance can be placed by a Bidder on the description of a Lot.
8 You agree that you will not make an offer to purchase a Lot by way of a private transaction with a Seller once you have registered with us as a Bidder.
BIDDING
1 Where a Bidder decides to register to bid on a particular Lot he/she may set a maximum bid which the Bidder is prepared to offer. Once this information is notified to us the online bidding system will automatically bid on the Bidder’s behalf at the minimum increment of £25 not exceeding the maximum set in order to become the successful Bidder.
2 Only online bids via the Website will be accepted by the Auctioneer.
3 Each Bidder warrants to us that he/she is acting as a principal only and not as an agent for a third party. Where a Bidder is acting as an agent he/she must disclose this to us prior to bidding and provide us with full details of the principal.
4 Our employees or agents are not authorised to make any representations concerning the Lots unless confirmed by the Auctioneer in writing. When placing a bid the Bidder expressly acknowledges that you are not relying upon any such representations which are not so confirmed.
5 For Bidder’s convenience we have bidding stations at our Auctions available to enable Bidders to submit bids. Staff will also be on hand to assist Bidders. These facilities are made available for the convenience of our Bidders and are used solely at the Bidder’s risk. We cannot be held liable in the event of any errors or delays caused as a result of using such facilities or our staff.
6 The successful Bidder will be the Bidder who has offered the Highest Bid Price for a Lot at the time of the Auction closing. This will be identified by a computer however the Auctioneer’s decision on the Highest Bid Price shall be final and binding on all of the parties.
7 The successful Bidder will be notified shortly following close of the Auction by email and/or text notification. As soon as the Auction closes a binding contract comes into effect between the Seller, the successful Buyer and the Auctioneer.
8 The Auctioneer may, at its absolute discretion, withdraw a Lot from the Auction at any time prior to the close of the Auction.
PAYMENT BY THE BUYER, INSURANCE AND TITLE
1 The Buyer is required to pay the Sale Price plus the Buyer’s Premium to the Auctioneer by no later than 3pm on the next business day following the close of the Auction. Time shall be of the essence in respect of all payments due by the Buyer. Payments may be made by cheque but will take longer to process and title to the Lot will not be transferred until the cheque has cleared.
2 A Buyer’s Premium must be paid in respect of any Lot which a Bidder has purchased from a Seller by way of a private transaction within 30 days following the Auction.
3 In the event that payment is not received by the specified time in cleared funds then the vehicle will be put into storage and all costs including the cost of insuring the vehicle will be charged to the Buyer.
4 If we are not paid the Sale Price and Buyer’s Premium by the due date, we may instruct a debt collection agency or law firm to collect the amount owing which may be (i) the Sale Price plus the Buyer’s Premium (including any storage and insurance costs) or (ii) the difference between the Sale Price and the eventual sales proceeds where the vehicle is resold plus expenses incurred on the resale, plus, in both cases, interest and/or late payment charges. In such circumstances you will be liable to pay an additional sum to us which will not exceed the reasonable costs that we may have to pay the debt collection agency or law firm, who will add the sum to your outstanding debt on our behalf.
5 Failure to pay any amount owed on time will result in late payment charges which shall be calculated in accordance with The Late Payment of Commercial Debts (Interest) Act 1998 (as amended) from the date the payment was originally due until the date of actual payment.
6 We reserve the right to charge an administration fee for any late payment notices which we send to you in the event of your late payment.
7 We also reserve the right to sell the vehicle to another party in the case of late payment and to recover from you the Buyer’s Premium. In the case of resale you shall be liable to pay the difference between the Sales Proceeds and the eventual sale price including the costs of the resale. Any surplus proceeds shall be for the account of the Seller.
8 Where the Buyer wishes to export a vehicle then the Buyer will be required to obtain an export licence for the vehicle at his/her own cost.
9 Title to the vehicle will not pass to the Buyer until the Buyer receives confirmation from the Auctioneer that payment has been received in full in cleared funds.
10 The Buyer is responsible for insuring the Lot from the close of the Auction.
