Buying

Buyers Information

Who Can Buy from Alotsold Vehicle Auctioneers?

Absolutely anyone! We welcome interest from the general public and our innovative yet simple bidding system allows anyone to take part in our online auctions after a simple registration process.

Buying Benefits

There are so many reasons why motor trade professionals and members of the public buy and sell cars and vans, every year through Alotsold Vehicle Auctioneers. This useful guide will explain all the benefits of buying from Alotsold Vehicle Auctioneers.

Our buyers appreciate the opportunity to select from a huge range of quality vehicles, often available direct from leading manufacturers, leasing or finance companies, car supermarkets, main dealers and from members of the public.

Alotsold Vehicle Auctioneers provide the opportunity to browse the stock of vehicles online, where they can see detailed images, in-depth inspection reports, full vehicle information and much more, all within a few simple clicks.

Finally, of course, there’s the easy and straightforward buying process, free of any haggling or pressures to purchase. That’s why as an Alotsold Vehicle Auctioneer buyer, you’ll always feel like you’re in complete control.

We host auctions 24/7, 365 days a week, with thousands of high quality cars and vans and more all available to buy at the click of a button.

We’re also here to help when your bid has been successful and you’ve made your purchase; making light work of the paperwork and dealing with the DVLA, if necessary.

If you’re unsure about anything, you can easily check by calling our sales team on 0330 088 1259.

Before vehicles are made available to bid on-line from the Alotsold Vehicle Auctioneers website, documentation relating to the vehicle and any relevant service history will be made available to our team. In addition all vehicles will require a clear HPI report before any vehicle is marketed.

Buying Costs

One of the advantages of buying from the Alotsold Vehicle Auctioneers is price. Most vehicles selling at their trade price or sometimes less.

There are some additional cost considerations involved, including deposits and buyer’s fees. This useful guide to the costs of buying at the auction explains it all right here.

Paying for your vehicle

On the fall of the hammer you’re the winning bidder, congratulations. Once the auction ends, you’ll need to pay a £500 deposit, or 10% of the vehicle selling price (whichever is greater). You’ll then have a further 24 hours to pay for the vehicle and buyer’s fee in full.

Buying fees

The hammer, or purchase price is the price the vehicle sells for but this isn’t the final price.

The amount of the buyer’s fee always depends on the sale price of the vehicle – you can find full details of how we calculate these fees under each vehicle listing.

For some vehicles, VAT also applies to the final price. This is currently charged at 20%.

What is a transaction fee? And who pays it?

If you pay your deposit or the purchase price using your credit card, there is a small transaction fee. This is 3.5% plus VAT (currently 20%). There are no transaction fees at all when you pay using your debit card or bank transfer. Remember, if you decide to pay by bank transfer, the vehicle will only be released once those funds have cleared.

Storage fees

The minute you’ve paid for your vehicle in full and the funds have cleared, it’s yours to take away within 3 working days. During that time, your vehicle will be safely stored free of charge by the Seller. After that, storage fees will apply and will be back dated, these are £6 plus VAT per vehicle per day and you’ll need to pay any additional storage fees when you collect your vehicle.

Register and search online

First, register on our website and search for the vehicles you’re interested in. You can then use all this information to help make a list of vehicles you’d like to bid on, including detailed photographs and descriptions. Be sure to familiarise yourself with our Terms and Conditions.

Some vehicles may have had extensive repairs, which are registered on a vehicle database. This will be declared on the entry form as VCAR (Vehicle Condition, Alert Register). Extra care should be taken when buying a vehicle which is declared as VCAR on the listing.

Buying Process

Set your budget and stick to it.

Always work out how much you want to spend and stick to your budget. Our on-line auctions are fast-paced and exciting, so it’s easy to get carried away. Remember to include the buyer’s fee in your calculations too. This is the amount that gets added to the price you bid for the car – it’s basically the cost of our auction services. For buyers of commercial vehicles, VAT will be added to the hammer price.

What about the paperwork?

If the car or commercial vehicle you’re bidding on doesn’t have a V5C document this won’t affect your right to title of the vehicle, and you can get a new V5C by filling out a form available at most Post Offices or on the DVLA website, however, you’ll still need a V5C to tax the vehicle. This could take up to 6 weeks to arrive from the DVLA.