Q: I have no previous experience in bidding, any tips of how I should start?
A: Firstly, we invite you to attend an auction as an observer. This will enable you to familiarise yourself with the process. You can then also ask our knowledgeable and friendly staff to explain any aspect which remains unclear. Another useful tip to remember is to always decide what vehicle you want to buy and the price range before you participate in your first auction.
Q: How do I bid?
A: The auctioneer will guide the bidding by indicating what price he is looking for. For example, he will say: “I have R5000. Do I see R5500?” All you are required to do as a bidder is to raise your hand. If the price goes beyond what you are prepared to pay, stop putting up your hand.
Q: Can I obtain help in bidding?
A: With our knowledgeable and friendly staff roaming the facility, you are welcome to ask for guidance during the bidding process.
Q: May I test drive the vehicle before I bid at the auction?
A: Unfortunately not. However, you are welcome to inspect the vehicle day before the auction and start the engine.
Q: How do I know the vehicle is not stolen or that it is not still on an HP or lease agreement?
A: Burchmore's puts every vehicle through a rigorous verification process to ensure that every vehicle sold on auction is unencumbered. Once this process is complete, Burchmore’s guarantees free title to the buyer.
Q: Is VAT payable on auction units?
A: Yes. Please take note that an Admin Fee and VAT is added to the final bid price.
Q: How do I know which vehicles are on auction?
A: We have catalogues showcasing all the vehicles on auction available on our website at least one day prior to every auction. You can also access the list of vehicles on auction through our online portal.
Q: Can I finance an auction vehicle?
A: Yes. We offer our valued clients the opportunity to finance the vehicles through all the major South African Banks.
Q: What happens to my R8,000 registration fee?
A: Your R8,000 registration fee is deducted from the price of the vehicle that you purchased on auction. If, however, you weren't lucky enough to get the vehicle of your choice, you can simply go to the registration office and they will refund it to you in full.
Q: Do I have to register to attend an auction?
A: No, it is not compulsory that you register to attend one of our auctions. You are welcome to attend as a spectator and observe at any time. Once you are ready to participate in an auction you will be required to complete the registration process.
Q: How do I know if I qualify for finance?
A: You need to be permanently employed, earn at least R7,000 or more per month and have a valid driver's licence.
Q: How do I find out what my monthly payments are before I bid on a vehicle?
A: Contact our on-site Finance and Insurance Manager:
Vanitha Hiralal
Tel: 087 563 5050
vanithahi@cubbicars.co.za
Having pre-approved finance you will know upfront how much you can spend and what your monthly repayments will be.
Please Note: WE DO NOT ACCEPT CASH ON THE PREMISES WHAT-SO-EVER
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McCarthy (Pty) Ltd is an authorized Financial Services Provider. FSP6852.