ABSA BOKSBURG REPOSSESSED VEHICLES ONLINE AUCTION

Opens on 9 June at 10:00 and closes 10 June from 10:00 (3 Minute Auto Extend). Staggered Closing / Lot Closing Speed - 2 lots per minute (From 10:00 10th June - 3 min Auto-Extend).

Viewing Monday 8th & Tuesday 9th JUNE ONLY from 08:30 - 15:30 BY APPOINTMENT ONLY - 30 Minutes maximum per customer. (Due to COVID-19 Restrictions) - Venue: 8 Top Road, Boksburg North - VIEWING BOOKINGS ARE CLOSED - FULLY BOOKED 

Printed catalogues will not be available, please click the link to download and print -ABSA REPO ONLINE AUCTION BUYERS GUIDE

Bidding Increments:

R1,000 (up to R40,000)

R1,500 (up to R80,000)

R2,000 (up to R100,000)

R2,500 (up to R1,000,000)

VIEWING BOOKINGS ARE CLOSED - FULLY BOOKED

IMPORTANT INFORMATION: Please bring a form of identification with you to allow access for viewing.

• Only one person per booking will be allowed access to view.
• You will be required to wear a face mask during all face-to-face interactions. 
• No face mask will lead to no entry to the premises.
• You will need to adhere to the screening and sanitising requirements at the auction site.
• Vehicles will not be started. You will be able to view the videos on the Online Catalogue.

Reg Fee (Refundable Deposit): R5 000 please submit ID Copy and proof of residence NOT OLDER than 3 MONTHS.

Buyers Comm: No Commission 

Vat: 15% will be added to the BID PRICE. Admin Fee: R2 000 Vat Incl. will be added to the Invoice. Payment: EFT only.

NB: ALL FICA DOCUMENTS PROVIDED TO TIRHANI AUCTIONEERS MUST ALSO BE PROVIDED TO ABSA WHEN COLLECTING YOUR VEHICLE.

VIEWING & COLLECTIONS WILL BE STRICTLY BY APPOINTMENT ONLY, SUBJECT TO THE COVID-19 REQUIREMENTS IMPLEMENTED BY TIRHANI AUCTIONEERS AND ABSA.

TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE DOWNLOAD THE BIDDER PARTICIPATION FORM (DOCUMENTS TAB - Below). Please email back to - auction@tirhani.co.za together with your ID & FICA Documents & Proof of Payment for the registration deposit.
By signing the Bidder Participation Form, you the bidder/buyer consent and agree to be bound by the Auctioneers General and Specific Rules of Auction in addition to any other conditions specified by the Auctioneer or the Seller. These Rules of Auction are not negotiable, so if you do not agree with them do not register to bid on this auction.

In terms of section 55(1) of the CPA and as per clause 3.5 of Tirhani Auctioneers’ General Rules of Auction, goods/property are sold “voetstoots”, as is, where is in their present condition, with no express or implied guarantees or warranties regarding the condition and fitness of the goods/property for a particular use.  Buyers bid at their own risk and are advised to inspect the goods/property on offer prior to the commencement of the auction in accordance with sub-regulation 28(5) of the CPA.  Participation in the auction shall be taken as proof that the bidder has acquainted himself or herself with the condition of the goods/property. 

Reference to a vehicle as a “RUNNER”, and the act of starting a vehicle must not be construed as any warranty or guarantee, implied or otherwise. In fact, vehicles that are started (or video footage provided) during the online auction may not even have batteries.

The information provided in the Lot descriptions are merely a guideline. Buyers must judge for themselves. 

Please ensure all your documentation is sent back for verification by close of business on Tuesday 9th June to auction@tirhani.co.za

NOTES: RESERVE: This auction is 'With Reserve'. Although you may be the ‘High Bidder’ for a Lot, note that if the Reserve is not met, there is no commitment from the Seller to sell. The sellers shall be entitled to instruct the auctioneer to accept a lower bid. The Auctioneers reserve the right to refuse or accept the bid of any bidder should they be unable to satisfy any of the above notices or the Rules of Auction.

Please note that if you are the successful bidder on more than one lot, you will be invoiced for all your successful bids. You cannot choose or select which lots you will take!

EXTENDED BIDDING: This auction features EXTENDED BIDDING. Any lot with a bid within 3 (THREE) minutes of its scheduled closing time will remain open for bids past its normal close; it will go into extended bidding. Staggered Closing / Lot Closing Speed - 2 lots per minute (From 10:00 am 7th July - 3 min Auto-Extend)

MAX BIDDING: When you place your maximum bid, it will be placed at the reserve price if said max bid exceeds the reserve. If the Max Bid amount is below the reserve, the bid will be placed for the full amount. The 'System' will automatically bid against you at the set increment until reserve is met, at which point the system will stop. If you are the highest bidder, the lot will be sold to you, unless another bidder out bids you.  

TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, Internet or any other online auction-related technologies, Tirhani Auctioneers reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, nor Tirhani Auctioneers shall be held responsible for a missed bid or the failure of the software to function properly for any reason.

PLEASE NOTE THAT CERTAIN LOTS WILL BE SOLD SUBJECT TO CONFIRMATION (STC) BY THE SELLER REGARDLESS OF THE ONLINE BID PRICE.

Bidding Increments:

R1,000 (up to R40,000)

R1,500 (up to R80,000)

R2,000 (up to R100,000)

R2,500 (up to R1,000,000)

WHAT IS AUCTION FINANCE?

Auction finance is pre-approval for the finance of an asset you wish to purchase in an auction. The finance is facilitated prior to the auction. Tirhani Auctioneers has a partnership with Auction Finance (www.auctionfinance.co.za) who offer a wide range of services. Please visit the Auction Finance website for more information.