ABSA CAF (Commercial Asset Finance) Online Auction


ABSA CAF (Commercial Asset Finance) ONLINE AUCTION

Opens on 4 May at 09:00 and closes 6 May from 14:00 (2 min Auto-Extend)

BIDDING CATALOGUE COMING SOON!

Viewing: BY APPOINTMENT ONLY
Call Bernard to arrange - 082 327 4578

Venue:  4 Van Dyk Road, Benoni.

TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE COMPLETE THE BIDDER PARTICIPATION FORM (DOCUMENTS TAB BELOW). By signing the Bidder Participation Form, you 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.

Please ensure all your documentation is sent back for verification by close of business on Wednesday 5th May to auction@tirhani.co.za

Registration fee: R10 000.00 – Please submit ID copy, proof of address (NOT older than 3 months) together with your completed Bidder Participation Form.

VAT: 15% VAT will be added to the bid price.

Admin Fee: R2 000.00 (incl VAT) per lot will be added to the bid price.

Buyers Commission: 10% plus VAT on the bid price.

GOODS/PROPERTY DESCRIPTION - Vehicles are sold according to year of first registration on Natis document (if applicable) and not year of manufacture year. The year of manufacture is unknown to Tirhani Auctioneers or the Seller and no queries will be entertained regarding year of manufacture.

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

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 2 (TWO) minutes of its scheduled closing time will remain open for bids past its normal close; it will go into extended bidding.

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 R250,000)

R5,000 (upwards)

The control of the auction shall be entirely managed by the auctioneer, who has the sole right to regulate the bidding process and control the bid increments. The auction will be conducted per rising bid in South African Rands.

Property ID: 63319
Auction Date: 6/5/2021 at 14:00 SAST
View Date:
Venue: 4 Van Dyk Road, Benoni, GA 1500, ZA

TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE DOWNLOAD RULES OF AUCTION - BIDDER PARTICIPATION FORM (DOCUMENTS TAB). Please email back to - auction@tirhani.co.za
By signing the Rules of Auction and 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.

REG FEE: R10 000-00 please submit ID copy and proof of residence NOT OLDER than 3 MONTHS.
VAT: 15% VAT on hammer price.
Admin Fee: R2,000 incl. VAT

COMMISSION: 10% plus VAT buyer's commission.
PAYMENT: EFT only. Strictly NO cash or cheques.

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