ABSA DURBAN REPOSSESSED VEHICLES ONLINE AUCTION

Opens on 27 May at 10:00 and closes 28 May from 10:00 (3 Minute Auto Extend). Staggered Closing / Lot Closing Speed - 2 lots per minute (From 10:00 20th March - 3 min Auto-Extend).

Viewing: NO Viewing (Due to level 4 restriction)  - Venue: 20 Hunter Street, Durban

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.

COLLECTIONS WILL BE STRICTLY BY APPOINTMENT ONLY.

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 Wednesday 27th May 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 28th March - 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.