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All auction prices are in $ AUD
Terms & Conditions
When you logon to the auction you will be asked to accept our auction terms and conditions. These are important and you should read through them. You are buying a car at auction and if your bid is successful and the auctioneer says ‘Sold’ you have entered into a legally binding contract to purchase the car. Please see our terms and conditions
When you logon to our auction you will be asked to enter your credit card details. We take a pre-authorisation of $500 on your credit card. If you successfully bid on a car we will charge your credit card with $500 as the deposit. If you do not buy a car then the authorisation of $500 will lapse in 3 -5 days. The lapse time depends upon your credit card provider.
If you do not pay the balance of the car you will forfeit your deposit.
Your credit card details are passed straight to the banking system. We do not hold your credit card details in our system.
You should be aware that there is no statutory warranty given by the auctioneer for a car bought at auction. Why is this ? The auctioneer is selling on behalf of the owner of the car and is not responsible for the condition of the car. The auctioneer prepares an inspection sheet but does not carry out a full mechanical check. You should take the opportunity to inspect the cars yourself before you bid at our auctions. Our auction is open 7 days a week and you are welcome to visit us and inspect the cars.
Many late model cars carry the manufacturer’s warranty. You should check with the manufacturer to ensure the warranty is transferable.
There is no statutory warranty for cars purchased at car auctions in NSW
If you buy a car at our auction and it is registered you will receive a Safety Inspection Report which you will need to transfer the registration to your name. If the car has been registered within the last month you do not need a Safety Insepction Report.
If the vehicle is not registered, you need to take it to an Authorised Unregistered Vehicle Inspection Station (AUVIS) to have an identification check conducted. Ring the RTA on 13 22 13 for your nearest AUVIS.
To transfer the registration into your name you will need to take with you our invoice / receipt as proof of purchase a Safety Inspection Report to the RTA. At the RTA you must complete a Transfer of Registration form and pay stamp duty and transfer fees.
Carnet Auctions guarantees the title of all cars sold at auction. This is because many finance companies who consign repossessed cars to auctions will not release their lien (or REVS) on the car until they have been paid.
Once you have paid for your car the funds are transferred to the owner or finance company and the lien is lifted.
The price you pay for your car is your bid price plus a buyers premium.
All our auctions are conducted inclusive of GST. You may from time to time hear the auctioneer announce that ‘No Tax Invoice’ or ‘No GST’. This means that a vehicle has been consigned from a private owner or charity. If you are bidding on behalf of a business you will not be able to claim a GST refund for these vehicles.
All cars have a reserve unless the auctioneer announces that the car has no reserve.
Referred or Submit
If you are the highest bidder and the auctioneer says ‘Submit’ or ‘Referred’ your bid is below reserve and will be passed to the owner of the car. A representative from the auction will contact you and negotiate a price on your behalf with the owner of the car.
You are not legally bound to purchase the car if the auctioneer refers or submits your bid to the owner of the car. If you verbally agree to purchase the car at a negotiated price will charge your credit card with the deposit of $500.
If you are the highest bidder and the auctioneer says ‘Sold’ then you have entered into a legally binding contract to purchase the car. Your credit card will be charged with a deposit of $500 and you will receive an invoice by email for the balance of the car. You must pay the balance within 48 hours by cash, EFT or bank cheque. Personal or company cheques are not accepted by Carnet Auctions.