TIMED ONLINE FLEET AUCTION RETAIL VEHICLES AUCTION IN BEDFORDVIEW, GAUTENG AUCTIONED BY RILEY AUCTIONEERS

G-FLEET TIMED ONLINE AUCTION

Opens on THURS 12th OCT 2023 at 10:00AM and closes 13th OCT 2023 from 10:00AM

Staggered Closing / Lot Closing Speed - 1 lot per 30 seconds (From 10:00AM + 30 sec Auto-Extend)

Viewing: (2 Days) 10 & 11 October - 45 Minutes maximum per customer

Call Jabu - 083 275 4102 or Didi - 078 509 0081 to schedule an appointment to view.

Venue: 76 Boeing Road East, Bedfordview.

IMPORTANT INFORMATION:

Only 40 people per booking will be allowed access to view.

You will need to adhere to the screening and security requirements at the auction site (strictly no firearms or any harmful weapons).

No touching or entering vehicles. Vehicles will not be started. Photos & Videos (if available) will be available on the Online Catalogue.

TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE CREATE ONLINE PROFILE on www.riley.africa & SUBMIT ALL REQUIREMENTS FOR REGISTRATION. By registering, you consent and agree to be bound by the Auctioneers General and Specific Rules of Auction in addition to any other conditions specified by the Auctioneer or the Seller. These Rules of Auction are not negotiable, so if you do not agree with them do not register to bid on this auction.

Please ensure all your documentation is sent back for verification by close of business on Wednesday 11th Oct 2023 to [email protected]

Registration fee: R10 000.00 Please submit ID copy, proof of address (NOT older than 3 months) during your online registration.

VAT: NO VAT will be added to the bid price.

Admin Fee: R1500.00 plus VAT per Vehicle will be added to the bid price.

Buyers Commission: 3.5% ex vat

Payment: Manual EFT , ONLINE DEPOSITS, Card Payment, Cash Deposit only (Please note: 3% fee applicable on Cash Deposits and Card Payments). Strictly NO cash or cheques.

Additional Terms

GOODS/PROPERTY DESCRIPTION - Vehicles are sold according to year of first registration on Natis document, if applicable, and not year of manufacture year. The year of manufacture is unknown to Riley Auctions Africa or the Department and no queries will be entertained regarding year of manufacture.

NOTES: RESERVE: This auction is 'With Reserve'. Although you may be the High Bidder for a Lot, note that if the Reserve is not met, there is no commitment from the Seller to sell. The sellers shall be entitled to instruct the auctioneer to accept a lower bid. The Auctioneers reserve the right to refuse or accept the bid of any bidder should they be unable to satisfy any of the above notices or the Rules of Auction.

Please note that if you are the successful bidder on more than one lot, you will be invoiced for all your successful bids. You cannot choose or select which lots you will take!

EXTENDED BIDDING: This auction features EXTENDED BIDDING. Any lot with a bid within 30 (THIRTY) seconds of its scheduled closing time will remain open for bids past its normal close; it will go into extended bidding. Staggered Closing / Lot Closing Speed - 1 lot per 30 secs

MAX BIDDING: When you place your maximum bid, it will be placed at the reserve price if said max bid exceeds the reserve. If the Max Bid amount is below the reserve, the bid will be placed for the full amount. The 'System' will automatically bid against you at the set increment until reserve is met, at which point the system will stop. If you are the highest bidder, the lot will be sold to you, unless another bidder out bids you.

TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, Internet or any other online auction-related technologies, Riley Auctioneers reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, nor Riley Auctions Africa shall be held responsible for a missed bid or the failure of the software to function properly for any reason.

NOTICE TO BIDDERS

THESE VEHICLES / ASSETS ARE SOLD VOETSTOOTS .

THE SELLER HAS NO DUTY TO REPAIR.

NO VEHICLE MAY BE RETURNED AFTER PURCHASE IRRESPECTIVE OF THE CLAIM.

THE LOT DESCRIPTION AS PROVIDED BY THE AUCTIONEER IS NOT CONCLUSIVE. IT IS THE BIDDERS RESPONSIBILITY TO MAKE SURE THE SPECIFICATIONS ARE CORRECT.

IF YOU ARE NOT PREPARED TO ACCEPT THESE CONDITIONS, DO NOT BID ON THIS ONLINE AUCTION.

Bidding Increments:

R1,000 (up to R50,000)

R1,500 (up to R70,000)

R2,000 (up to R200,000)

The control of the auction shall be entirely managed by the auctioneer, who has the sole right to regulate the bidding process and control the bid increments. The auction will be conducted per rising bid in South African Rands.

OVER 400 GOVERNMENT VEHICLES.