Purchasing a Vehicle
Before the auction starts
- Auctions are held twice a week; on Wednesdays at 11am and on Fridays at 6pm. We also hold a Commercial Vehicle Auction on the second Wednesday of each month at 2pm.
- We are open from 9am until 5:30pm Monday to Thursday and from 9am until the end of the auction on Friday.
- We recommend that you arrive in plenty of time to familiarise yourself with the vehicles offered for sale.
- All vehicles are checked using HPI to ensure that their number plate and VIN/chassis number match and that they are not registered as stolen or on security watch. They are also checked for outstanding finance, accident damage, vehicle identity and any plate transfers.
- All vehicles have their background information displayed on the windscreen.
- All vehicles are sold as seen. You may bring a mechanic along to look over any vehicle prior to the sale day.
- You may wish to look inside a vehicle or start its engine. This is permitted and you may borrow the keys for any vehicle up to an hour before the start of each sale. (We do not allow keys out after 10am on Wednesday and after 5pm on Friday). You are not allowed to drive the vehicle until your purchase is complete.
- Catalogues are printed approximately 20 minutes before the start of each sale. You can collect a catalogue from the box outside the office.
Bidding & Payment
- Before you bid you must ensure you have a £400 cash deposit with you along with identification which shows your name and address. Your driving licence is ideal for this or you can bring your passport and a recent utility bill. If you successfully bid for a vehicle we will photocopy your identification and it will be retained on our files.
- When you bid make your bid clear and obvious, check the auctioneer has seen and acknowledged your bid. Once your bid is made you have entered into a legally binding contract with ECA and your bid may not be withdrawn so please be absolutely sure that you want to purchase the vehicle before you raise your hand.
- If you are the highest bidder when the hammer falls the vehicle is yours. You should immediately make your way to the office where a member of staff from the rostrum will take your details including your ID and collect your £400 cash deposit.
- PROVSIONAL BIDS
Most vehicles have reserve prices. The reserve price is the minimum amount, set by the vendor, required for the vehicle to sell. If the highest bid does not meet the reserve price the auctioneer may provisionally sell the vehicle. If yours is the highest bid you should make your way immediately to the office where a member of the rostrum staff will take your details, including your ID and collect your £400 cash deposit. Your bid will then be submitted to the vendor who will decide whether to accept or decline it. Your bid will stand for a maximum of 24 business hours or until the vendor has notified us of their decision – whichever is sooner. If the vendor declines your offer your bid will have been unsuccessful your deposit will be refunded. If the vendor accepts your offer the lot will be yours and the sale will proceed as though the hammer had fallen during the sale.
- Following the sale of the vehicle the office staff will raise a sales invoice.
- A buyer’s fee and a DVLA Documentation processing fee are added to the sale price on all vehicles sold (all fees are subject to VAT at the prevailing rate) and any deposit already paid is be deducted from the total invoice amount.
- The outstanding balance is payable by the end of the following business day (that is by 5.30pm on the Thursday following a Wednesday sale and by 5.30pm on the Monday following a Friday sale). Should a purchaser fail to pay the outstanding balance within the stated time the deposit is non-refundable.
- We like Debit cards. We also accept payment by Same Day (CHAPS or FastPay) Bank Transfer or by Cash (up to £9000 per sale (not per vehicle) in accordance with money laundering regulations). Cash payments in excess of £400 will attract a cash handling fee of 2% plus vat. We no longer accept Bankers Drafts or Building Society Cheques, we cannot accept credit card payments and we are unable to process payments over the telephone.
- Once a vehicle is sold it must be removed from the auction premises within twenty four hours of the sale. If not a parking charge will automatically be made. In cases where sold vehicles are not removed for seven days or more, they can, at the auctioneer’s discretion, be put up for resale whether or not the full purchase price has been paid.