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T & C's

CALCULATING FINAL BID PRICE

The bid price is: Bid price + 10 Buyers Commission + Vat (14%) + Documentation (R564).

Example if you Bid was R20 000, the final price is calculated as follows"

Final Price = (Bid Price + 10% Buyers Commission) + Vat [14%]) + Documentation (R564) - Deposit (R5000).
Bid Price = R20 000
10% Buyers Commission = R20 000 X 0.1 =  R2000
Vat = (Bid Price + 10% Buyers Commission) X 0.14
Vat = (R20 000 + R2000) X .14 = R3 080

Therefore :

Final Price = (Bid Price + 10% Buyers Commission) + Vat [14%]) + Documentation (R564) - Deposit (R5000).
Final Price = (R20 000 + R2000) + R3 080) + R564 - R5000.
Final Price =
R20 644

 

CANCELLATION COSTS

If you decide to cancel a bid after successful bidding, you are liable for 20% of the Bid Price

For Example if you cancel the above R20 000 bid, you will be liable for 20% of the final bid price of R20 644 thus R4 128.80

  • No Refunds
  • Cancellation
  • No Exchange
  • All goods sold "AS IS"


EFT PAYMENTS

Goods can only be collected once our money reflects on our account


BANK GUARANTEE CHEQUES

When paying with a BGC, make sure it durring trading hours so that we may release your car.

 

SUB DIVIDING INVOICES

If an invoice is to be subdivided, goods will be released when the original (total) amount of the invoice has been received.

All payments must reflect as cleared funds in order to collect your vehicles. No goods will be released whatsoever if amounts are not reflecting in our account.

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Find us

Universal Auctions

208 Baan Street
Cnr Paul Kruger
Mayville, 
Pretoria

Contact us

  • 072 101 7786
  • 072 555 6005
  • 082 082 3786
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Banking Details

  • Bank: FNB
  • Acc No: 6263 2296 530
  • Br No: 252 245
  • Br: Ladium
  • REf: Reg No & Name