Auction Procedure and Rules

Auctions

1. Open Auction

The price is gradually raised. You increase the price manually taking into account the bids of other auction participants. The minimum price increase step is 100 EUR. In an open auction, you cannot refuse your bet. If a participant places a bet less than a minute before the end of the auction, the end time of the auction is automatically extended by another 30 seconds.At the end of the auction, the offer of the highest price is given to the seller for consideration. After the seller approves the bid, the winner is notified.

2. Fixed Price Auction

In this auction, cars are sold at the specified price.After clicking “Buy now”, the offer is immediately presented to the seller.After receiving confirmation from the seller that the vehicle is for sale, the buyer is informed.

3. Closed Auction

In a closed auction, you do not know how many participants are participating and you cannot see their bids for the vehicle. At the end of the auction, the highest bid is selected and given to the seller for consideration. After the seller accepts the offer, we notify the participant who offered the highest amount of the win. You can increase your bid until the end of the auction.

4. Open and Fixed Price Auction

An additional service for those who want to purchase a vehicle faster than others and not wait for the end of the auction. You can use the “Buy Now” service at a fixed price. After receiving confirmation from the seller, the buyer is informed.

Broken cars and cars with technical defects

The vehicle may have been hit, the damage done to it can only be seen in the photos. Vehicles with technical defects. Defects are described in the “Information” link. Before purchasing such a transport vehicle, we suggest that you carefully study the violation report and comments, you can contact our consultants for more information. Claims will not be processed after the auction ends.

After the Auction Ends

After the end of the auction, if your bet amount is the highest and you won the auction, you will be informed about it by e-mail. by post You will also be able to see this information on our website. The first letter will confirm that you have won the auction, you will receive the second letter within 24 hours. which will contain information about whether the seller has agreed to sell the car for the price you offer. The seller may refuse to sell the vehicle without giving a reason. In most cases, the reason is given. In the second letter, if the seller has agreed to sell the car, you will be sent a bank invoice with the specified amount for the vehicle and other services.

Payment

The amount of money must be transferred to the specified bank account or paid in cash within 5 calendar days from the date of receipt of the invoice. After payment, the rights to the vehicle go to the winner.

Collection / Transportation of the Vehicle

The vehicle must be collected from our storage area within 25 working days of the date of purchase. We reserve the right to charge a late withdrawal fee of €1 per day late. By agreement, delivery to the desired location is possible for an additional fee.

Registration

Registration is free. After logging in to the website, you will see its content, but only after registration you will be able to use the services provided by the website. When registering, you must provide correct data. After registration, you will receive a confirmation by e-mail. Mailbox. Forms filled in incorrectly or incompletely will be removed by the administrator’s decision.

Auction participants

  • Individuals can participate in the auction and make bets only after signing the contract and presenting a copy of their passport.
  • Legal entities can participate in the auction and make bets only after signing the contract and submitting copies of the company’s registration documents.

Vehicle Auctions

The vehicles in the auctions are from Western Europe. Vehicles are provided by insurance companies, financial institutions and leasing companies. We are responsible for providing the necessary information about the vehicle. You will find a detailed description of each car. Defects are shown in the photos or in the description.

Margin Cars

Margin cars are cars whose price is indicated with VAT. When buying a car marked “margin” at the auction, VAT is automatically included for you and you do not need to pay it additionally.

For example If you place a bet or buy an Audi A4 immediately at a fixed price auction, the price of which is 4,000 euros, you will receive an invoice that will indicate the price of the car at 4,000 euros. Don’t forget, this only applies to marginal cars, all other cars are sold without VAT!