Once your bid is made you have entered into a legally binding contract with ECA and your bid may not be withdrawn so please be absolutely sure that you want to purchase the vehicle before you raise your hand.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 £500 cash deposit.
Provisional 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 £500 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.
If a vehicle has been offered with an ‘End of Sale Trial’, the purchase price must be agreed and the invoice settled in full before the trial can be undertaken.
Following the sale of the vehicle, the office staff will raise a sales invoice.
A buyers fee and an Admin 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 5.30 pm on the Thursday following a Wednesday sale and by 5.30 pm 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. In order to take advantage of any ‘End of Sale Trial,’ the vehicle must be paid for in full on the day of the sale.
A £500 Cash deposit is required on each purchase or provisional purchase, please go to the main reception and give your details to a member of staff. Don't forget your photo ID. The balance of payment must be made by bank transfer. No other forms of payment may be used.
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.