Auction Guide

General Information

• The final catalogue at the auction is subject to change. The list should be used as a guide only.
• Momentum Auctions (Pty) Ltd reserves the right to remove a vehicle from the catalogue without notice.
• The Auction Guide contains detailed information about bidding at an auction.

Registration Deposit

Payment of the Deposit

• CHEQUES are NOT accepted.
• CASH is NOT accepted on our premises
• ELECTRONIC TRANSFERS – must reflect in Momentum Auctions (Pty) Ltd bank account on the day of the auction.
• CREDIT OR DEBIT CARD PAYMENTS are accepted (For registration deposit of R10,000.00 only) and not for payment of the balance of the vehicle.

Payment of the Balance of the Vehicle

• CHEQUES are NOT accepted.
• ELECTRONIC TRANSFERS – must reflect in Momentum Auctions (Pty) Ltd bank account before any vehicles will be released.
• Bank Deposits - must reflect in Momentum Auctions (Pty) Ltd bank account before any vehicles will be released.

Should Your Bids Not Be Successful

• EFT refunds will be refunded after 7 working days
• Credit card refunds are done immediately after the auction – which will reflect after 7 to 10 working days

Compulsory FICA Documents

• All individuals are required to submit specific documentation participating in an auction.
• The documentation required is detailed once you've registered.
• Only ORIGINAL OR CERTIFIED COPIES of the document will be accepted.

Bidding on an Auction

• All bids EXCLUDE an ADMIN FEE OF R2,500.00 (excluding VAT)
• All bids EXCLUDE 15% VAT
• NO buyers commission is payable on cars purchased on auction

Process After Auction

• You will receive your invoice via email after the auction — no need to collect it
• EFT Payments must reflect as CLEARED IN Momentum Auctions (Pty) Ltd BANK ACCOUNT before releasing of any vehicles will take place
• No credit or debit card payments can be done for the balance of the vehicle
• No cash accepted on-premises

Terms and Conditions

• Please note the last day of payment is as per Pro Forma Invoice received
• Ensure all documents have been submitted upon collection of the vehicle
• The vehicle can only be collected once payment has cleared in Momentum Auctions (Pty) Ltd bank account and once storage has been settled, should there be any storage charges.
• Vehicles are sold as-is with no duty to repair
• No cancellations are allowed or accepted
• Should the client buy more than one vehicle, he has to pay for all the vehicles
• The client has 21 days to register the vehicle in his/her name
• Momentum Auctions (Pty) Ltd will do notification of change of ownership
• Please be advised that the description and mileage is purely an indication and should be used as a guide only
• You are responsible for validating the correct description & mileage.
• Please note that the year of manufacture is unknown.
• Due to the nature in which the vehicle was received the Odometer reading cannot be guaranteed.
• The retail price is not guaranteed.
• The Engine number, Chassis / VIN number and Registration number can be found on the License disc. Where no License disc is available the information can be obtained from the Registration Office.

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