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Selling at Auction
The amount that you receive for a vehicle sold at SWVA will reflect accurately its market value. This amount may be slightly more or slightly less than you anticipate but its unlikely to differ greatly from your estimate.
To safeguard against receiving too little for your vehicle you may set a reserve price on it, providing it is a car not more than ten years old or a motorbike or van not more than seven years old. In the unlikely event of the bidding not reaching your reserve you keep the vehicle.
SWVA provide a free valuation service and it is in the vendor's best interests to consult us before setting a reserve. Please ask at the office.
Road Test Service
If you wish to sell a vehicle "No Major Mechanical Defects" but are unsure as to the condition of some components, SWVA can take care of it for you. We will road test your vehicle and complete all the paperwork. This services is available on the day before each sale and a charge is made. Please ask at the office for full details.
Outstanding H.P
If the vehicle you wish to sell is subject to outstanding hire purchase
payments, SWVA will handle the necessary paperwork for you. Simply give us the name of the finance company and the agreement number and we will settle the account from the proceeds of the sale and forward the balance to you. There is a charge for this settlement service please enquire at the office.
Subject to all documents being in order, SWVA will post a cheque to you four days after the date of sale.
Collection
SWVA offers a vehicle collection service please enquire at office for details.
What will it cost
Please enquire at office for details
When you sell a vehicle "As Seen" it is up to the prospective buyers to determine its condition and value. All you need to declare is whether the vehicle has suffered major accident damage involving total loss. Failure to declare a total loss, deliberately or not, would oblige SWVA to i) reimburse the buyer in full, less indemnity charge ii) collect full commission from you and iii) return your vehicle to you. All vehicles over 6 years old must be sold "As seen"
Selling "No Major Mechanical Defects"
If you vehicle is in above average condition for its age and likely to make over £1000. it is advantageous to sell it "No Major Mechanical Defects" This enables you to describe the condition of major mechanical components and draw the buyers' attention to such features as climate control and other accessories, etc. Ensure that your description is accurate as the buyer has two hours after the sale to dispute it and misrepresentation (deliberate or not) is likely to make the sale null and void and cost you the full commission. The buyer also has three days in which to examine the chassis for excessive corrosion, welding or accident damage
Warning
Because the auction is open to the public you may be approached by people calling themselves traders and offering to purchase your vehicle, before it goes through the auction, to save you paying commission. People have sold their vehicles in this way only to discover that the cheques which they have accepted were worth nothing.
Buying At Auction
Buyer Protection
You are indemnified against any vehicle you buy at SWVA being stolen property or being subject to outstanding hire purchase payment. This is through payment of the compulsory Purchase Fee - see under Purchase Fee. You are entitled to reject within three days any vehicle you buy at SWVA which has major accident damage involving total loss not declared by the vehicle's vendor.
This is not applicable for vehicles sold for £500 or under. The bid price is refunded but not the Purchase Fee. SWVA is a member of the Society of Motor Auctions whose strict Code of Practice exists to protect you, our customers.
Bidding
First time visitors to a vehicle auction can often be put off bidding by the fast pace of proceedings. Please don't be. The fast pace merely enables us to give every vehicle a chance to sell within the allotted time. The auctioneer is not your adversary and he is sufficiently experienced to recognize whether or not you wish to bid. Simply signal to him with a hand or a nod and it is highly unlikely that he will misunderstand you. Do bear in mind, however, that a legal contract is entered into once the hammer has fallen and there may be no question of your changing your mind after that point.
The purchase fee is a compulsory payment on top of the amount you successfully bid. The charges are available upon request from the office.
Payment of the purchase fee indemnifies you against any vehicle you buy at SWVA being stolen property, subject to outstanding hire purchase payments, and a total loss. Vehicles sold for £500 and under are not indemnified against total loss. The purchase fee is not refundable.
Payment
A legal contract is entered into once the hammer has fallen. You will be asked to go immediately to the cash desk to give your name and address and pay 10% with a minimum £300 deposit; cash or any Debit Card. The balance can be paid by Credit Card, Debit Card, Cash, Bankers Draft or Building Society Cheque, payment of which must be within 24 hours, and then you may take the vehicle away.
Balances can now be paid by credit card, for which there is a surcharge details of which are displayed at the cash desk and reception
Vehicles are sold either "As Seen" or "No Major Mechanical Defects" Vehicles over 6 years old are sold "As Seen" which means just that; no description is implied or given and it is up to you to judge its condition and value before bidding. You should consider the mileage to be incorrect unless otherwise stated, and the only instance in which you may reject the vehicles is one of undeclared total loss, as detailed in 'Buyer Protection' This is only applicable to vehicles sold for over £500. Vehicles under 6 years old are generally sold " No Major Mechanical Defects" whereby the vendor (Not SWVA) is responsible for accurately describing the condition of major mechanical components. In assessing the value of one of these vehicles, take into consideration the vendor's description, the vehicle's age and your own observations and bodywork, tyres, accessories, etc. Consider the mileage to be incorrect unless otherwise stated. If you successfully bid for a vehicle "No Major Mechanical Defects" you are entitled, on payment of 10% deposit, minimum £100.to a test run with one of our staff. Please arrange a test run at the cash desk as soon as your bid is accepted. If the test run reveals an undeclared Major Fault SWVA will negotiate on your behalf an appropriate allowance off the purchase price. If a major undeclared fault is discovered you may reject the vehicle and reclaim your deposit, provided this is done within two hours of the end of the sale. In the event you are covered against undeclared major accident damage and total loss.
Delivery
SWVA offers a vehicle delivery service. Please ask at the office for details.
Warning
If you are offered a car outside our premises BEWARE. Although it may seem cheap you could end up purchasing a stolen vehicle or a vehicle on Hire Purchase or a total loss which would involve you in a loss of all your money. Please notify the office immediately if you are approached.
Subject Bid/Private Treaty
If a vehicle fails to reach the reserve price in the auction hall and the highest bid is recorded, the bidder will be required to go to the front office and give their name and address accompanied by a £300 deposit (refundable if the bid is not accepted) Our staff will then negotiate on your behalf to try to secure the vehicle for you.
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