AUCTION
RULES

Tuesday
09 Feb 2016 10:30
BANK REPO & FLEET - WEST RAND
Wednesday
10 Feb 2016 11:00
INSURANCE VEHICLES - DURBAN
Thursday
11 Feb 2016 11:00
REPO & INSURANCE VEHICLES - PORT ELIZABETH
 
 
  • NO CHEQUE PAYMENTS OF ANY KIND IS ALLOWED, ONLY EFT (ELECTRONIC FUNDS TRANSFER) IS PERMISSIBLE.  PLEASE NOTE THAT FUNDS MUST REFLECT IN AUCTION OPERATION'S ACCOUNT BEFORE VEHICLES CAN BE RELEASED, NO EXCEPTIONS ALLOWED.
  • EFT BID DEPOSIT OF R5 000-00 IS REQUIRED TO REGISTER AND BID ON AUCTION, REFUNDABLE FOR UNSUCCESSFUL BIDS ONLY. FOREIGN NATIONALS ARE REQUIRED TO PAY A R20,000 EFT DEPOSIT. PLEASE NOTE THAT DEPOSITS FOR UNSUCCESSFUL BIDS WILL BE REFUNDED BETWEEN 7 AND 10 DAYS AFTER AUCTION.
  • ABSOLUTELY NO CASH PAYMENTS PERMITTED ON SITE.
  • A BUYERS PREMIUM OF 5% IS PAYABLE ON SOME AUCTIONS. PLEASE REFER TO THE PARTICULAR AUCTION ELSEWHERE ON THIS SITE OR THE AUCTION CATALOGUE.
  • ALL GOODS WILL BE SOLD SUBJECT TO 14% VAT BEING ADDED TO THE BID PRICE.
  • AN ADMINISTRATION FEE IS APPLICABLE ON ALL VEHICLES AND THE STANDARD FEE IS R2 109.00 (R1 850.00 + VAT) PER VEHICLE.  SOME TRUCKS/LARGE COMMERCIAL VEHICLES HAVE AN ADMIN FEE OF R3 000.00 (R2 631.58 + VAT) PER VEHICLE.  PLEASE REFER TO THE PARTICULAR AUCTION ELSEWHERE ON THIS SITE OR THE AUCTION CATALOGUE.
  • ALL PAYMENTS TO BE MADE BY EFT BY CLOSE OF BUSINESS ON THE AUCTION DAY.
  • ALL VEHICLES/GOODS PURCHASED TO BE COLLECTED WITHIN THREE DAYS OF THE AUCTION.
  • PLEASE NOTE THAT ANY HARD CASH DEPOSITED INTO AUCTION OPERATION'S BANK ACCOUNT WILL ATTRACT A 1% CASH HANDLING FEE.
  • MANDATED BIDS FROM VALID REGISTERED BUYERS ARE PERMITTED. THESE MANDATES MUST BE IN WRITING ONLY (NO EXCEPTIONS) AND MUST BE HANDED TO THE ADMINISTRATION OFFICE BEFORE PROCEEDING TO BID ON AUCTION.
  • ANY PERSON BIDDING ON BEHALF OF ANOTHER PERSON OR COMPANY MAY ONLY DO SO IF HE/SHE HAS OBTAINED A WRITTEN MANDATE FROM THE RIGHTFUL REGISTERED BUYER.
  • EMPLOYEES OF THE SELLER OR THE AUCTIONEER ARE NOT PERMITTED TO BID ON ANY AUCTION.
  • ALL BUYERS CARDS (INCL. PERMANENT) ARE NOT TRANSFERABLE. DO NOT ALLOW ANOTHER PERSON/COMPANY TO USE YOUR BUYERS CARD TO BID ON AUCTIONS.
  • ONLY REGISTERED BUYERS ARE PERMITTED TO BID ON AN AUCTION. ANY PERSON INTENDING TO BID MUST REGISTER FIRST NO EXCEPTIONS WILL BE ALLOWED.
  • ALL PERSONS/COMPANIES WHO PURCHASE VEHICLES ON AUCTION ARE OBLIGED TO COMPLY WITH FINANCIAL INTELLIGENCE CENTRE ACT, 2001 (FICA). THE DOCUMENTARY REQUIREMENTS ARE STIPULATED IN A SEPARATE ATTACHMENT TO THE AUCTION CATALOGUE. PLEASE BRING THOSE DOCUMENTS ALONG WHEN YOU COME TO PAY FOR AND COLLECT VEHICLES.
  • ANY PERSON/COMPANY BUYING MORE THAN ONE VEHICLE IS RESPONSIBLE FOR PAYMENT OF ALL THE VEHICLES PURCHASED.
  • EACH AND EVERY LOT WILL BE SOLD AS IS, WHERE IS, WITH NO GUARANTEES OR WARRANTIES, EXPRESS OR IMPLIED. ALL INFORMATION REGARDING THE LOTS IN THE CATALOGUE ARE STATEMENTS OF OPINION ONLY AND SHALL NEVER IMPLY ANY GUARANTEES AS TO THE CORRECTNESS OF ANY INFORMATION SUPPLIED EITHER VERBALLY OR IN WRITING ABOUT ANY LOT. ALL GOODS ARE SOLD WITHOUT ANY WARRANTIES WHATSOEVER. THE AUCTIONEER SHALL NOT BE LIABLE IN ANY WAY FOR ANY ERRORS OR INACCURACIES IN THE DESCRIPTION OR INDENTIFICATOIN OF THE GOODS. THE BUYER IS RESPONSIBLE FOR CHECKING THE GOODS AND IN MAKING A BID SHALL BE DEEMED TO HAVE MADE HIMSELF FULLY ACCQUAINTED WITH THE GOODS FOR WHICH HE BIDS.
  • VEHICLES ARE SOLD ACCORDING TO YEAR OF FIRST REGISTRATION AND NOT YEAR OF MANUFACTURE.  YEAR OF MANUFACTURE IS UNKNOWN TO AUCTION OPERATION AND NO QUERIES WILL BE ENTERTAINED REGARDING YEAR OF MANUFACTURE.
  • THE VEHICLE SUPPLIERS AND AUCTION OPERATION ARE NOT LIABLE TO DISCHARGE THE DUTY OF REPAIR ON VEHICLES.
  • ENGINE AND VIN NUMBERS OF VEHICLES WILL BE SUPPLIED ON REQUEST ONLY.
  • AUCTION OPERATION ARE NOT PERMITTED TO SPLIT INVOICES AS PER THE CONSUMER PROTECTION ACT, 2008 (ACT NO. 68 OF 2008) AND WILL THEREFORE NOT ENTERTAIN ANY REQUESTS TO THAT EFFECT.
  • NO CANCELLATIONS OF PURCHASES ARE PERMITTED.
  • AUCTION OPERATION DOES NOT GUARANTEE ANY MILEAGES DISPLAYED ON THE VEHICLES.
  • SUBJECT TO CHANGE WITHOUT PRIOR NOTICE.
  • PERMANENT BUYERS MUST REPORT AND SIGN IN ON AN ATTENDANCE REGISTER AT THE ADMINISTRATION WINDOW.
  • PLEASE REFER TO OUR STANDARD CONDITIONS OF SALE ON THE BUYERS CARD.
  • BANK ACCOUNT DETAILS : AUCTION OPERATION (PTY) LTD, FIRST NATIONAL BANK (FNB), ACCOUNT NUMBER 6240-956-5952, RANDBURG  BRANCH NUMBER 254-005
 
 
       
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