- On the fall of the hammer a minimum deposit of £300 is payable by cash, credit
or debit card
- The balance is payable within 2 working days by either of the following methods:
- Cash, Switch, Maestro, Visa, MasterCard etc. (credit cards have a 3% handling charge)
In addition to the purchase price an indemnity premium is payable on all lots purchased
and a charge for a DVLA V5C Notification of Keeper Change for £25.00 Inclusive
of VAT at the current rate.
Indemnity Rates
|
Sale Price
|
Cost (including VAT)
|
|
£1 - £199
|
£72
|
|
£200 - £499
|
£102
|
|
£500 - £999
|
£112
|
|
£1000 - £1999
|
£132
|
|
£2000 - £2999
|
£147
|
|
£3000 - £3999
|
£173
|
|
£4000 - £4999
|
£199
|
|
£5000 - £5999
|
£225
|
|
£6000 - £6999
|
£251
|
|
£7000 - £7999
|
£277
|
|
£8000 - £8999
|
£303
|
|
£9000 - £9999
|
£329
|
|
£10000 - £10999
|
£355
|
Thereafter £26.00 per £1000.
The indemnity cover is such that, if the vehicle purchased has been recorded
on the VCAR Register, has been stolen or subject to an undisclosed hire purchase
agreement and is to be repossessed, (and not declared at the time of the sale) the
purchase price will be paid in full. The period of this cover will be one year from
the date of purchase and will be limited to the purchase price of the vehicle, subject
to all legal rights being transferred to the auctioneer. The indemnity fee is non-refundable
to the purchaser.