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CLASSIC CAR AUCTIONS BUYING GUIDE

Our next sale is taking place at The London Classic Car Show (TW8 8JF)  from Friday 25th - Sunday 27th June with our auction on Saturday 26th June from 12pm. This will be our debut in the capital and we will be hosting a two-day auction as part of the wider automotive event. 

If you have received a catalogue ahead of the auction and are planning to join us in person, please ensure you bring your catalogue with you.

BOOKING A VIEWING - THE LONDON CLASSIC CAR SHOW AUCTION

You will be able to view the cars in person at Syon Park at the following times:

- Friday 25th June from 10am until 7pm

- Saturday 26th June from 10am

- Sunday 27th June from 10am - 6pm we will be open as a post-auction showroom

Alternatively, you can book a virtual viewing prior to this date with our team of experts by calling 01926 640888. 

Our website has detailed photographs and video content where possible in order to show as much of the car as possible online.

BIDDING IN THE ROOM

We are pleased to welcome you back to our auctions. You can bid at The London Classic Car Show in person by registering at the show or by telephone, by leaving a commission bid or online with one of our partners.

To comply with money laundering regulations, you will need to provide proof of identification in the form of a passport or drivers licence and a recent utility bill as proof of address, every 12 months. 

When submitting forms by post or fax, please ensure they reach us no later than 4pm (BST) the day before the auction is due to take place. 

TELEPHONE & COMMISSION BIDDING

A commission bid is the maximum amount you are willing to bid up to (excluding the buyers premium and VAT). We will execute your bid as low as possible on your behalf.

Telephone bidding will still allow you to bid live during the auction. On the day of the sale, a member of the Classic Car Auctions team will contact you, usually a few lots prior to your selected lots and will guide you through the process. It is important that you provide us with alternative telephone numbers to ensure that we are able to contact you on the day. Given the limited resource available and the need for social distancing, phone lines may be filled very early on and therefore we reserve the right to consult and confirm minimum bidding agreements with bidders in advance of the sale. You can also leave a commission bid in the event that we are unable to contact you by telephone.

To register a bid against a lot on the website, select the lot and using the Lot Tools on the right hand side of the page, select the "Bid on this lot" link. You will be able to select whether to leave a telephone bid or a commission bid.

Alternatively, please download the form below, complete it and send it back to bid@classiccarauctions.co.uk


Telephone & Commission Bid Form

 

To complete your telephone and commission bidder registration and comply with money laundering regulations you will need to provide TWO forms of ID to our secure portal via the following link, bank details are not required for bidder registration.

https://secureportal.classiccarauctions.co.uk/

ONLINE BIDDING

Classic Car Auctions has partnered with Proxibid and The Saleroom to allow you to bid live or leave a commission bid (pre-bid) online. Please note that online bidding incurs an additional fee of 1% plus VAT.

 

 

 

 


To complete your online bidder registration and comply with money laundering regulations you will need to provide TWO forms of ID to our secure portal via the following link, bank details are not required for bidder registration.

https://secureportal.classiccarauctions.co.uk/

CHARGES

Like the majority of auction houses, Classic Car Auctions charge what is known as a buyer's premium. Our standard buyer's premium charges for live online auctions is 11% + VAT of the hammer price for motor vehicles (cars and motorcycles). Classic Car Auctions use the Auctioneers Margin Scheme (VAT Notice 718/2). VAT cannot be split out on the invoice and cannot be reclaimed by VAT registered businesses or individuals.

VAT

Some lots may be VAT qualifying and subject to VAT on the hammer. Some lots may have been brought in to the UK on a temporary admission and therefore import VAT will be due on the hammer. These lots will be clearly marked in the catalogue.

Any lots that are not VAT qualifying will be sold using the Auctioneers margin scheme (VAT Notice 718/2). VAT will not be charged on the hammer price. The VAT on the buyers premium will not be split out on the invoice and cannot be reclaimed by UK VAT registered businesses or individuals.

Further duties and VAT may be applicable on exporting lots from the UK. It is the responsibility of the buyer to settle these charges.

PAYMENT

All payments are due by 5pm the next working day following the sale.
Payments must be made in GBP, by bank transfer where possible. Payment can also be made in person by debit card (up to £20,000) and credit card (up to £5,000). Cash payments cannot be accepted.
Lots purchased can only be released upon receipt of funds. You should ensure that you have the necessary monies available and are able to pay before you bid.
We are unable to accept funds from countries on the Financial Action Task Force High Risk and Non-Cooperative Jurisdiction Lists.

COLLECTION

All cars must be collected on Monday 28th June between 8am and 3pm. Our transport partners, EM Rogers, can assist with collection and delivery - any vehicles not collected on this day will be taken to their storage in Northampton for £175 plus VAT.

Buyers should satisfy themselves that they have all the relevant spares, documents and keys relating to their lot(s) at the time of collection.

Written instruction from buyers must be provided if they wish their lot(s) to be collected by a third party.

PROVISIONAL SALES

Occasionally a car may be sold under a ‘provisional bid’ if your final bid does not reach the reserve price. A provisional bid stands until 12pm the day following the auction. During this time we will contact the seller on your behalf to see if they will accept your bid or try to negotiate a sale on your behalf.

WARRANTIES

The catalogue will describe the lots to the best of our ability on information supplied. 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.

As the hammer falls a contract is made and you are obligated to proceed with the purchase. It is therefore vital that you are satisfied to the best of your ability with the condition of the lot you intend to bid upon before doing so. 

INSURANCE

All purchases are at the Buyers risk from the fall of the hammer. You should therefore arrange insurance from this point.

REGISTRATION DOCUMENTATION

All V5c forms will be taken back to our office and the change of ownership registered with the DVLA on your behalf by our admin team within 14 days of the sale. The details used will be those the buyer registered with, unless we are notified in writing otherwise.

Where lots have entered the UK on a temporary admission, we will instruct the import agent to obtain the NOVA reference number on your behalf upon receipt of cleared funds. This will enable you to register the vehicle.

Please note that following a change to legislation in 2014, road tax no longer transfers to the new owner. You will need to tax the vehicle before driving it on the road.

FREQUENTLY ASKED QUESTIONS

View our frequently asked questions for both selling and buying at our auctions here.

TERMS AND CONDITIONS

This guide should be read in conjunction with our full Terms and Conditions of Sale available here.