This is an administration fee levied additional to the purchase price of R2,500.00 (excl. VAT) per registrable vehicle, depending on the type of auction. The vehicle documentation fees on this auction amounts to R2,500.00 (incl. VAT).
Your bid price (hammer price) + buyer’s commission + vehicle documentation fees + VAT = final invoice amount.
Yes, VAT is payable and is not negotiable.
Finance is available onsite. Please visit the nearest Aucor branch to arrange pre-approval.
Trade: Is the value you can trade your vehicle in for at a dealership;
Retail: The retail value is basically the amount it would cost to replace your car.
Is the average value the dealer can sell your car for.
The deposit varies between R5,000.00 (loose assets), R10,000.00 (vehicles) and R20,000.00 (mining & commercial) and is payable upon registration. The deposit for this auction amounts to R10,000.00.
The deposit is payable by EFT, bank, and bank guaranteed cheque or cash deposit into our bank account. (Kindly note: Cash deposits carry a deposit fee which is for your account).
The deposit is refundable if no purchases were made. When paying by credit/debit card it is reversed the same day but can take up to 10 working days to reflect in your account.If you are paying by bank or bank guaranteed cheque we will return the cheque to you. Internet transfers (EFT’s) are usually refunded electronically the day after the auction. Banking details need to be supplied by clients before leaving the premises (preferably in writing).
No, the vehicles are sold exclusively on auction.
No vehicles are sold prior to the auction.
This is the mandate price provided by the seller for which the auctioneer is allowed to sell the asset.Any auction offer below this reserve price needs to be confirmed by the seller. Reserve prices are confidential and are not communicated to prospective purchasers as assets may be sold below these reserves in some instances.
Reserve prices are confidential and are not communicated to prospective purchasers as assets may be sold below these reserves in some instances.