Buying Guide

Into buying classics but new to the world of online auctions? Here is all you need to know.

How bidding works:

Register for bidder approval here.
We will be in touch and will request FICA information (copy of ID document/passport and proof of address not older than three months).
On approval of bidder profile, a R 250 deposit is processed with the credit card linked to your bidding profile.

Study the information in the auction listing and carry out research on similar lots.
Make a note of the auction cut-off date and time (the time the auction ends).
Call us and ask questions regarding the lot.
Arrange a viewing or technical inspection of the lot.
It is the buyer's responsibility to research the lot and be fully knowledgeable on all its details prior to making a bid.

Select the desired lot / car.
Make sure there is time remaining on the auction.
If your bid is made within the last two minutes of the auction there will be a two-minute extension – and again if further bids are made in extended time.
Keep funds available on the credit card linked to the bidding profile for 50% of the buyer's premium for the lot the bidder intends to bid on:
- Cars - 5% Buyer's premium with a R 100 000 maximum and R 5 000 minimum (including VAT).
  For example: half of the 5% incl. VAT buyer's premium on a bid of R 500 000; 2.5% x R 50 0000 = R 12 500 (this amount will be deducted immediately from the winning bidder's credit card. The balance can be paid via EFT within 24 hours).
- Collectibles & Parts - 10% Buyer's premium with a R500 minimum (including VAT).
  For example: half of the 10% incl. VAT buyer's premium of a bid of R 20 000; 5% x R 20 000 = R 1 000 (this amount will be deducted immediately from the winning bidder's credit card. The balance can be paid via EFT within 24 hours).

If a buyer has submitted the highest bid and the reserve price has been exceeded or waived or the buyer has selected the Buy now option, 50% of the buyer's premium is charged to the credit card associated with the buyers profile (half of 5% for cars and half of 10% for collectibles & parts).
The balance of the buyer's premium must be paid via EFT to Classic Car Africa within 24 hours of the auction cut-off time.
We will forward payment details for the seller to the buyer and payment is made directly.
The payment to the seller must clear in the seller's account within 48 hours of the auction cut-off time.
Ownership of the lot shall not pass to the buyer until the seller has received settlement of the full purchase price in cleared funds.
The lot shall be at the buyer's risk of loss the moment payment has been made to the seller.
Buyers are advised to arrange for insurance cover to coincide with this time.

The lot must be collected from the seller within seven days of the conclusion of the auction.

Transport of the lot post auction is the responsibility of the buyer. A list of recommended suppliers can be provided on request.