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A GUIDE TO BUYING YOUR CAR AT AUCTION
HOW TO BUY AT AN AUCTIONHere are a few key points that will help you on your way to your chosen car. 1 DO SOME RESEARCHFirst: about your chosen car• Know your preferences for a particular make or type of car (make, model, age, engine size, colour). • Familiarise yourself with the prices you would expect to pay for those types of cars depending on the different date of registrations. (If you do not know this, ask one of our sales staff for price guide information.) • Allocate yourself a budget. Know exactly how much you have to spend. Second: about our auction venues and procedures• Familiarise yourself with the layout of our premises. We have auctions daily and our restaurant facilities are open to everyone. • All vehicles are available for visual inspection during auction opening hours. Determine a day you want to come down, look at local press for details of upcoming events, posters in foyer, or visit our website www.wilsonsauctions.com 2. AUCTION PROCESSThe procedures for buying and selling cars at auction are quite straightforward, once you take a little time to become acquainted with • ARRIVE IN GOOD TIME • PICK UP A CATALOGUE AND COPY OF TERMS AND CONDITIONS • LOOK AT OUR CARS IN THE DISPLAY AREA 3. INFORMATION ON THE WINDOW On each car window, you will be able to see a sticker indicating the Make, Model, Date of registration and any relevant information available on the car often concerning additional extras. Also you will see details about the selling description: • GOOD MECHANICALLY, TEST DRIVE Vehicles under this description should not have any major faults to the engine, gearbox or transmission. All inspections and test drives should be carried out on our premises or in the presence of our staff. • SPECIFIED FAULTS This information will also be displayed on the window sticker and the auctioneer will read out any particular faults noted by the seller. Any major mechanical defects found other than those announced by the auctioneer must be reported to the auction staff by 12 noon on the day following the sale. • SOLD AS SEEN No test drive given: these vehicles are purchased as they are seen including all possible faults. All visible items are sold as they are presented. • SPEEDOMETER READINGS - CORRECT (and therefore warranted) The auctioneer at the rostrum may also announce this. 4. CHOOSING YOUR CAR When making further enquiries about your choice of cars, please take down as many details as possible (use note section of this guide) such as registration number, lot number and make. Our Customer Service Advisors can then provide all information that we have on the vehicle as well as an Auctioneer’s estimate on the price it might reach. 5. WHEN YOU’VE FOUND THE CAR YOU WANT Follow it into the appropriate auction hall where cars will be offered in lot number order and wait for it to enter the auction ring. It will be called in sequence of lot numbers as per the catalogue. 6. TIME TO BID The auctioneer has a ‘bird’s eye’ view of the proceedings from the rostrum, so he shouldn’t miss you when you put your hand up to bid. You don’t have to start the bidding; you can come in with a bid at any time. Generally, the price can increase as much as £100 for newer cars or as little as £50 for older cars. At some time the auctioneer may declare the car “...on sale...” or “... on the market...” This means it has reached its ‘reserve’ price, or the minimum amount the vendor is willing to accept – and the car is yours at the fall of the hammer! If yours is the highest bid, go immediately to the side of the rostrum and pay the rostrum clerk a deposit/part payment of 10%(or minimum £200) of the purchase price and give also your name and details. 7. VEHICLES WILL BE SOLD EITHER OUTRIGHT OR PROVISIONALLYOutrightThis means that the purchaser’s deposit you pay is a part payment for the vehicle. Your invoice and vehicle documents will be available within 10 minutes at the front counter, where the remaining balance can be paid. ProvisionallyThis means that the car on which you have won the bid has not reached its reserve price, and is sold to you ‘PROVISIONALLY’. The auctioneer will contact the vendor to ask if he’ll accept the bid, or will negotiate a price in between. It may be the following day before clearance is given. The money you have paid is a deposit and if your bid is unsuccessful this will be refunded to you by cheque or put toward another vehicle of your choice. MAKE SURE WE HAVE YOUR CORRECT TELEPHONE NUMBER SO THAT WE CAN CONTACT YOU WITH AN OUTCOME. 8 PAYING FOR THE CAR Settlement of your account may be made in cash, by Bankers Draft, by Building Society or Finance Company Cheque made payable to Wilsons Auctions Limited. All vehicles must be paid for within 24 hours of purchase. We also accept Switch/Delta and major credit cards (credit card charge applies). A personal cheque will be accepted, but the car will only be released when your cheque has been cleared. This usually takes 10 working days. If you have any questions about payment contact the cashier before bidding for the car. Indemnity Fees As indemnity fee is payable on all vehicles purchased. This insures you against Hire Purchase Reclamation. Vehicles are checked for outstanding Finance, against the stolen vehicle Register and the Vehicle Condition Alert register which records previous accident damage.It is payable in the scale as noted in your Auction Catalogue 9. COLLECTING YOUR CAR You will be issued with a receipt and a pass-out, which should be presented to security 10. CONDITIONS OF SALE These are the terms on which vehicles are bought or sold and are legally binding. All auction sales are conducted in accordance with the company’s conditions of entry and sale, which are displayed at the Auction premises and within your catalogue (additional copies free of charge). …………………………………………………………….. Additional Services1. Transport 2. Cherished Registration 3. Insurance For more details on any of these services, please ask our customer service staff or pick a leaflet from the counter. …………………………………………………………….. What is an auction?An auction acts as an agency between someone who wants to sell a car, and someone who wishes to buy it! Motor auctions allow companies, organizations, utilities of all sizes and those people in the car trade to quickly and efficiently dispose of their surplus vehicles. At our purpose-built complexes, with their rows of cars and specialised auction halls, you have an excellent way to find a huge selection of vehicles at a fraction of retail prices! Why buy at an auction?An Auction provides an excellent platform to pick up a great value vehicle with added peace of mind. You can always expect to see most of the more popular makes and models at every auction. At the top of the auction range you’ll pay trade prices for nearly new cars saving you a lot of money. At the bargain basement you can safely buy a perfectly serviceable vehicle for less than £500, sometimes a lot less! Company Cars have in the main been well serviced as part of their maintenance agreements. …………………………………………………………….. Where do the cars come from?• Private Owners For people who want to sell their cars without the hassle of selling privately. • Ex-Fleet and Company Cars Many of the vehicles within our range of cars are ‘ex-fleet’ or company cars from major businesses looking to replace their current fleet and sell existing models. Most cars come with full service histories. • Main Dealer Part Exchange These are cars that are taken in part-exchange against new or newer cars. • Main Dealer Ex-Retail Stock These are vehicles surplus to requirements after stock rotation on dealer forecourts. • Bank and Finance Cars They are end-of-contract, lease and finance repossessions from major financial institutions. …………………………………………………………….. 4 Ways to get your catalogueCatalogues available from lunchtime on day of sale 1. Drop in We’re open 9am–6pm Mon–Fri2. Phone See contact numbers below3. Fax U Back Dial 0906 711 0909 from your fax handset(call cost 60p per min at all times) 4. Online …………………………………………………………….. 6 BranchesMallusk Portadown Scotland Telford (England) Queensferry (Wales)
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