ABSA CAF (COMMERCIAL ASSET FINANCE) | CORPORATE DE-FLEET DISPOSAL | ONLINE AUCTION FINALE 2024

ABSA CAF (COMMERCIAL ASSET FINANCE) | CORPORATE DE-FLEET DISPOSAL | ONLINE AUCTION FINALE 2024

Lot Closing Speed - 1 lot every 1 minute (from 11:00 + 1 min Auto-Extend)

Viewing Dates: Monday 18 November 2024 & Tuesday 19 November 2024 from 9h00-15h00

Viewing Venues: 

• 4 Van Dyk Road, Benoni, 1501
• 4 Sterling Street, Strijdom Park, Randburg.
• Plot 172 Sterkfontein Avenue, Doornkloof Centurion. 1111
• 24 Chris De Villiers Street, Industrial, Ermelo, 2351
• 14 Stanbridge Street, Deal Party, Gqeberha. 6012
• 10 Westgate Place, Westmead, Pinetown, 3610

Contact Person: Mpilo 082 327 5391

BOOKING FOR DISPATCH IS ESSENTIAL

TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE COMPLETE THE RULES OF AUCTION / BIDDER PARTICIPATION FORM IN THE DOCUMENTS TAB.

By signing the rules of Auction, 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 the close of business on Tuesday 19November 2024  to auction@tirhani.co.za

REGISTRATION FEE: R10 000.00 (Refundable-T&C's apply)– Please submit an ID copy, and 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.

ADMINISTRATION  FEE: The purchaser shall pay an administration fee at the rate of R2 000-00 INCLUSIVE OF VAT added to each lot purchased that requires NATIS documents, it being specifically recorded that the purchase price excludes the administration fee

BUYERS COMMISSION: 10% plus VAT on the bid price.

NOTES: 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 notices or the Rules of Auction. Bidders are herby given notice in terms of section 45 (4) of CPA that Tirhani Auctioneers may bid on the online auction to protect the reserve

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

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!

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

RUNNER
If the vehicle is sold as a runner, it does not necessarily mean that it can be driven off the auction site. Our staff may have had to jump start the vehicle, and in some cases, bridge the ignition if no key is available. In these circumstances, it is the buyer’s responsibility to then bring the necessary equipment to start the vehicle so that it can be driven away.

NON-RUNNER
Vehicles sold as non-runners would have to be collected by the buyer with a Break-Down Recovery Vehicle.

NOTICE TO BIDDERS

1. THESE VEHICLES ARE SOLD “VOETSTOOTS”.
2. NEITHER THE SELLER NOR THE AUCTIONEER HAS ANY DUTY TO REPAIR.
3. THE VEHICLE DESCRIPTION AS PROVIDED BY THE AUCTIONEER IS NOT CONCLUSIVE. IT IS THE BIDDER'S RESPONSIBILITY TO MAKE SURE THAT THE VEHICLE SPECIFICATIONS ARE CORRECT.
4. THE BIDDER MUST SET HIS/HER PRICE BASED ON HIS/HER OWN ASSIGNED VALUE TO THIS VEHICLE.
5. TRADE AND RETAIL PRICES ARE DISPLAYED AS A GUIDELINE ONLY!! THE SELLER ATTEMPTS TO GIVE THE CORRECT TRADE AND RETAIL VALUES BUT WILL NOT BE HELD LIABLE IF THERE IS AN ERROR.
6. ANY KNOWN FAULTS HAVE BEEN DISCLOSED; HOWEVER, IT IS THE BIDDER'S RESPONSIBILITY TO INSPECT THE VEHICLE AND ENSURE THAT THE ACTUAL CONDITION OF THE VEHICLE IS KNOWN. THE VIEWING DAY IS PROVIDED FOR THE BIDDERS TO GET ACCESS TO THE VEHICLES TO ASCERTAIN THE ACTUAL CONDITION.

7. SUBJECT TO THE PROVISIONS OF CLAUSE D (3) (3.7) OF THE RULES OF AUCTION THEREIN, BUYERS PARTICIPATING AT TIRHANI AUCTIONEERS' AUCTIONS 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. DUE TO THE ORIGINS OF THE ASSETS, THE KILOMETERS REFLECTED ON THE VEHICLES CANNOT BE GUARANTEED. 

8. COLLECTIONS ARE SUBJECT TO PAYMENT REFLECTING IN OUR BANK ACCOUNT.

9. CONSIDERING THE PROVISIONS OF CLAUSE F (5) (5.6) OF THE RULES OF AUCTION THEREIN, BIDDING FOR AN ASSET AT ABSA CAF (COMMERCIAL ASSET FINANCE) | CORPORATE DE-FLEET DISPOSAL | ONLINE AUCTION FINALE 2024 SHALL BE TAKEN AS TACIT PROOF AND CONFIRMATION THAT THE BIDDER HAS INSPECTED THE ASSET AND IS SATISFIED WITH ITS CONDITION.

IF YOU ARE NOT PREPARED TO ACCEPT THESE CONDITIONS, DO NOT BID ON THIS ONLINE AUCTION.

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

ABSA ANNOUNCEMENTS

• No ABSA employees are allowed to register and buy at the auction

EXTENDED BIDDING: This auction features EXTENDED BIDDING. Any lot with a bid within 1 (ONE) minute 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 the 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 outbids 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 reserves 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.

Bidding Increments: R250 (up to R2,500) - R500 (up to R5,000) - R1,000 (up to R10,000) –R1,500 (up to R40,000) - R2,000 (up to R80,000) –R2,500 (up to R100,000) –R3,500 (up to R250,000) – R4,000 (up to R500 000) – R5,000 (up to R1,000 000) – R7,500 (up to R2,000 000)

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.

FOR MORE INFORMATION

Channtell Vogel

Bidding System Queries & Support

+27 (0) 71 587 6279

Rhulani Mlambo

Invoicing Queries 

+27 (0) 82 575 1164

Stacy-Lee Campbell

Online Registration & General Queries

+27 (0) 82 327 4580