2015 BMW 118i 5DR (F20)

Basic Auction Terms

1. Bidders will need to pay a R2 500 deposit in order to bid by using the online payment gateway on our website. Please use a “Pay and Clear” option if you bank with a different bank, and you wish to bid in the next 48 hours. Funds must clear our account before you can bid.
2. Please confirm all your details on your profile before making any payment, as these details will be used to create a final Tax Invoice. We do not credit note and reinvoice sales in line with SARS legislation.
3. Bids exclude a 5% Buyers Premium, R1 850 Document Handling Fee and 15% VAT on the total.
   (example)
   Bid Price (R10 000) + Buyers Premium (R500) + Document Handling Fee (R1 850) + VAT (R1 852.50) = Total (R14 202.50)
   Less deposit (R2500) = Total Payable (R11 702.50)
4. You have 24 hours after an auction to finalise payment online using our payment gateway. Please use the “Pay and Clear” function at your bank if you do not bank with our bank to avoid delays. Payment not made in the required time may constitute a Breach of Sale.
5. Once full payment has been made, you can download your Tax Invoice on our website.
6. Motor Salvage cannot be financed by a bank.