(RESERVE MET)Ford Transit 2.0Tdci (130) Luton Box Van With Electric Tail Lift - 70 Reg-Twin Wheeler

All bidders should note that this is a 'TRADE ONLY '  this sale is a non consumer sale. 

***PLEASE READ "Auctioneers Notes" prior to bidding, If bidders should fail to do so, they do so at there own risk***

1. Registering To Bid:

Any person registering to bid in this sale on any item listed in our catalogue agrees to the terms and conditions binding same. Any person that has any reservation or objection to these terms and conditions should not register to bid as all bidders are legally bound to these terms of bidding, all sale terms and terms & conditions will require to be fully agreed to prior to any bidders account being approved.

All Bidders should note that this is a "TRADE ONLY" sale as against a consumer sale. For all purpose and intent in this terms and conditions, a trade only sale means that rights of customers shall not apply as all bids submitted are valid without exceptions, vendors reserve the right to vary, alter or remove any reserve price set at any given time throughout the sale. Please read the AUCTIONEERS NOTES carefully.

All Bidders have a duty to carefully read and understand the all terms and conditions before registering / agreeing to them. Upon registration, terms & conditions contained herein becomes legally binding on the Bidder. Neither Select Assets Limited nor the auctioneer shall bear the responsibility for the Bidder’s failure to read and understand the terms and conditions set out herein

2. Account Holder / Information:

Personal account login details are to be kept strictly confidential by the account holder and not to be shared with anyone. The account holder shall bear responsibility for all bidding activities on their account. Accordingly, account holders shall in all events, bear full responsibility for bids submitted on their behalf by any family member, friend, employee or any other person at all.

3. Provisional Bids:

Bidder agrees that all bids submitted are valid with no exceptions and shall upon submission, not be removed.  may invoice under bidders upon discretion of the vendors and if invoiced will be classed as winning the item. All bids submitted are provisional unless the reserve has been met.

Bidders agree that under bidders may be invoiced, owing to previous bidding history and account information on the winning bidder, in the event that this occurs, the under bidder will be invoiced within 48 hours after sale ends.

Select Assets Limited may contact vendors to allow time to put all bids forward for consideration, all provisional bids will be answered within 48 hours after close of sale.

• AUCTIONEER: Select Assets Limited

• SALE ADDRESS / OFFICE: Fordham Road, Isleham, Cambridgeshire, CB7 5QY, United Kingdom

• TELEPHONE: 03001246887

• General enquires email: info@select-assets.co.uk

Sales/Invoicing email: accounts@select-assets.co.uk

Bidders should note that items may be located elsewhere, and they should check individual Item information for collection location of item.

4. Buyers Premium Commission

Buyers premium commission is applicable to all items and charged in relation to the Hammer Price. See "Additional fees tab" for more information.

All buyers premiums are liable to 20% vat.

Bidders are to note that commission rates may vary from lot to lot depending on the particular item. Buyers are advised to always check the ‘Additional Fees’ tab located on each particular item prior to submitting any bid. Buyers Premiums usually are set from 10% upto 50% but to be sure please see the additional fees tab .

VAT will be charged at the current U.K rate of 20%, Please see the "Additional fees tab" to clarify if lots are being sold subject to vat

Bidders also have a responsibility to fully calculate the total amount including: hammer / bid price, buyer’s commission and VAT where applicable. No exceptions !

5. VAT Rates:

Unless otherwise stated, VAT will be added on top of the final hammer price charged at the current UK rate of 20%.

For more clarification please see the "Additional fees tab" of each item of interest prior to submitting any bid.

Collection of Items:

All item sold as "Reserve Met" or a "Provisional" bid accepted are to be collected / removed within 5 days after the end of sale unless otherwise stated on the item information.

6. Storage Fees:

Storage fees are charged immediately after payment deadline at the rates of £50+vat per day (invoices below £10,000) and £100+vat per day (invoices £10,000 and above). Storage fees incur after payment deadline with a minimum payment of 1 day.

The said storage fee is charged over a 7 day week, including all national holidays and items shall not be collected or delivered unless outstanding storage fees are settled in full prior to collection.

Items left onsite in any of our storage centres for the period exceeding 90 days without any contact or payment from the owner with regards to removing or to requesting a delivery, will be sold at auction to the highest bidder or disposed of as scrap, if there is still an outstanding balance the owner is liable to pay the balance in full 14 days. If the item should exceed the outstanding storage amount when a cheque will be posted to the buyer for the balance.

7. Delivery:

Buyer may request for delivery of any item once the item(s) have been paid for in full, interested buyers may contact 0300 1246887 upon full payment for a delivery quote.

8. Payment Details:

For security purposes, All payments are to be made by bank transfer. Cash on arrival payment or card online payment by phone or in person is strictly prohibited.

All payment should be made through same day transfer to the account details hereinafter set out.

Account Name: Select Assets Limited

Bank: ALLICA BANK
Sort Code: 04-13-76
Account Number: 00031716

IBAN: GB65CIIV04137600031716

SWIFTBIC: CLRBGB22XXX

Bidders should understand that full funds must be received before any item can be released either for collection / or delivery.

9. Payment Deadline:

All payments are to be received in full latest by 5pm the following day after the end of sale. Any Bidder that will be unable to meet this strict payment deadline should refrain from bidding.

Failure to make the payment by the payment deadline - the vendor holds the right to remove the vehicle/item from the auction which will result in a cancellation fee owing (the Buyers Premium) also any late payment fees and storage that has been accumulated due to non or late payment, this will need to be paid within 24hrs of receipt of the cancellation invoice, if the payment is made outside of the payment deadline and the item/vehicle has been removed from the auction a refund will be made minus the cancellation fee and any other fees that have been accumulating which is Select Assets Limited loss and is non negotiable.

Late payment fees:

Late payment fee's will apply if full payment is not received within the payment deadline set out for this sale, at a rate of 3%+ VAT per day. Charged over the total payable invoice amount. (See item information for payment deadline)

10. Request To Cancel The Sale / Contract:

In the event that a winning bidder, after winning and auction has ended, requests to cancel the Contract / Purchase of any lot(s) / item(s), the acceptability of this request shall be at auctioneer’s discretion. Where auctioneer concedes to the request, fees set out hereinafter will apply with no exceptions to void the sale:

A non-negotiable cancellation fee charged at the same rate of the buyer’s premium stated within the "additional fees tab" This would be charged to the bidder.

The bidder will be liable to pay for the "Re-Auction" entry fee, charged from £99 + vat to £500 + vat (Auction entry fee may vary depending on the item value)

11. Viewing:

All Bidders are advised to view any item of interest prior to bidding & the auction end. Viewing is only allowed during the viewing stage and shall not be permitted after the auction has ended.

Viewings of items are by appointment only and Bidders should call the following number for viewing information / appointment times set out for this sale 0300 1246887.

12. Inspection:

Prospective bidders should make Inspection of any item of interest before committing to bid and end of sale. The inspection is to enable potential bidders form an independent opinion on items of interest and fully satisfy their selves.

Failure to view will fall on the bidder’s shoulders and against the advice of Select Assets Limited, No excuses will be tolerated as any due diligence falls on the bidder, no refunds will be given regardless of discrepancies with the advertising or anything else.

VEHICLES / MACHINERY: Inspection by RAC, AA, GREEN FLAG or any other independent professional mechanic or expert shall also be permitted subject to potential bidder paying the cost for such inspections. This would be required to be carried out prior to bidding and the end of sale, no inspections will be allowed after the end of sale.

OTHER ITEMS: Viewing is advised on all items of interest prior to bidding, failure to do so is against the advice of Select Assets Limited.

Any such inspection can only be conducted upon booking an appointment and accompanied by any member of staff of Select Assets Limited.

Any Bidder that bids without prior viewing shall bear the responsibility of failure to exercise the right of inspection, and Select Assets Limited shall incur no liability in this regard. Bidders interested in bidding should book an appointment by calling the following telephone line:

• 0300 1246887

13. Auctioneers Notes:

VEHICLES: Known mechanical faults will be advised under "Auctioneers Notes" OTHER ITEMS: Any known faults / defects will be advised under "Auctioneers Notes"

No inspection / grading or warranties will be supplied by Select Assets Limited.

14. Governing Laws:

Terms & Conditions contained herein are subject to all UK Laws and Regulations. It shall be immaterial whether or not such Purchaser is from overseas.

15. VAT Refund Info:

VAT will be refunded upon buyer meeting certain requirements and is at the auctioneers discretion wether a vat refund is given.

VAT is to be paid as shown on the face of the invoice,

The following information will be required of the buyer to be eligible for a VAT reform..

-Full (Non UK) VAT Number,

A bill of laden / Proof of export.

To process refund, VAT Numbers and any other documentation provided by the buyer will be handed to our Accountant for inspection before any refund.

VAT refund doesn’t cover additional charges but will only be recover the amount paid for the item. VAT refunds shall also be made only to the buyer of the item and not to any 3rd party.

VAT refunds will only be made where correct documents are supplied within the specified period in line with the regnant VAT rules in the U.K, ***

Select Assets Limited may direct buyers to obtain the VAT refund directly from the U.K government.
VAT refunds criteria may change at any given time due to government legislation without prior warning this is completly at the discretion of the auctioneer wether to issue the refund.

16. After Auction:

When auction ends, invoice for any item(s) won whether by reserve met or provisional bid accepted for any item(s) won will be sent to the winners through the email address supplied on the bidders account only.

Full Payments are to be made latest by 5pm the following day after end of sale.
Collection details of purchased item will be forwarded to buyers via email upon full settlement of payment.

Where a bidder wins more than one item, all items will be shown on one invoice and considered as one transaction.