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Operating hours : Monday - Friday 08:00 - 16:30
The date, time and place of the auction will be as published on the websites of MFC, a division of Nedbank (the 'seller'), namely www.mfc.co.za and www.mfcauctions.co.za.
It is important that the offered vehicle is within your budget. Your budget should make provision for:
Registration Deposit: R5 000;
Bid price (Hammer price);
Documentation fee: R2 250 Excl. Vat;
Buyer's commission: 5% Excl. Vat;
Dekra -if applicable-: R521. 74 Excl. Vat;
It is the responsibility of the buyer to verify vehicle information before bidding on the vehicle, Trade, Retail, Descriptions, Models, Year Models and Date of Manufacture are NOT guaranteed. The VIN Number of each will be provided on the auction website, inside the vehicle on viewing day and on the Auction catalogue.
29.1 Vehicle year Models are taken as date of 1st Registration from the Natis document.
29.2 The Seller may change or add Attribute/Defect at any time on a vehicle (Lot) before the vehicle (Lot) is saleable.
Buyer’s proceeds payment must reflect into the MFC Bank account.
36.1 The buyer must send the proof of payment with the Pro Forma to firstname.lastname@example.org or present both at the Auction House, when collecting the vehicle/s.
36.2 Card payments on site, are accepted for Auction registration ONLY.
Subject to the sole discretion of the seller, any payment made by the purchaser after the above-mentioned period may be accepted by the seller and may result in storage fees being payable by the purchaser.
37.1 Removal of any lot by the purchaser will not take place until payment of the full purchase price (hammer price) (including the bid amount (hammer price), commission, document fees, Dekra and VAT) has been made to the seller, all original documents mentioned in rule 11 have been provided to the seller and a delivery note has been provided by the seller to the purchaser. No lots will be released during the auction process. Removal of any lot by the purchaser will not take place until such time as: The seller has received the payment of the full purchase price (hammer price) (including the bid amount, commission, documentation fees, Dekra and VAT); and a delivery note has been provided by the seller to the purchaser.
37.2 Vehicles sold during the auction will be stored at a MFC Auction house facility in either Gauteng or in one of the Regions. The information regarding the location of the vehicle will be made public online and during the auction. The purchaser will be liable for the cost of transporting the vehicle from the MFC Auction facility to the purchaser’s delivery address. The Seller will under no circumstances transport any vehicle to any other site and/or alternatively any other business address of the Seller, for the purchaser’s convenience.
NOTE: The name and contact details of the auction house/seller and contact details for the auctioneer appear on the seller’s website. The auction will be held by an auctioneer appointed by the auction house/seller.
The auctioneer hereby acknowledges that the rules of the auction complies and meet the requirements of the Act to the best of his/her knowledge.