What does it cost to enter a Lot for auction?
We offer a ‘No Sale, No Fee’ service so if we accept your entry there are no listing or entry fees.
The sellers premium is 5% + VAT (If applicable). The buyers premium is also 5% + VAT (If applicable) so the costs for the use of our auction platform are shared equally.
Yes by all means. We will agree this with you in advance, although to encourage competitive bidding we suggest that it is set at a realistic level.
Firstly, we will contact the highest bidder and encourage them to make a higher bid to complete the purchase. Further to this, we can also continue to market the lot at a ‘buy it now’ price on our sister site racecarsdirect.com
What premium will I pay when buying a Lot?
You will pay 5% + VAT (If applicable) of your winning bid. The sellers premium is also 5% + VAT (If applicable) so the costs for the use of our auction platform are shared equally.
Bidders must be registered and have completed a bidding profile which may include an identification check using a credit card or other ID, this protects everyone from time wasters.
Yes of course, we actively encourage viewings. Please register to bid on the lot you are interested in, contact us and we will then arrange a viewing for you, either a virtual one or in person.
Bidders who choose not to view lots will not be provided with the opportunity to view or inspect lots prior to making payment in full.
All lots are sold on an ‘as seen’ basis. We will describe the lots to the best of our ability based on information supplied by the consignor. You should, however, satisfy yourself as to the condition, age, and integrity of any lot prior to bidding as no warranties whatsoever are given in relation to any lot.
If you place the winning bid a contract is formed and you are obligated to complete the purchase. It is therefore vital that you are satisfied with the condition of the lot you intend to bid upon before doing so.
As with all other auctions we never disclose the reserve price. If there is no reserve this will be clearly shown, if there is a reserve you will see when it has been met. Once the reserve has been met the vendor is obliged to sell.
Not directly however https://moorgatefinance.com/motorsport-finance/ is our agreed finance partner. Please contact them prior to bidding – they can often arrange finance within 48 hours. Once your finance is approved, please bid as normal.