MULTI BANK ONLINE VEHICLE AUCTION JANUARY 2025

Timed auction by Tirhani Auctioneers

Starts Jan 15, 2025 11:00 AM SAST. Ends Jan 16, 2025 11:00 AM SAST

Viewing Dates Tuesday 14 & Wednesday 15 January 2025 Viewing Times 09h00 – 16h00 Viewing Venue Tirhani Auctioneers 4 Van Dyk Road, Benoni Auction Open Wednesday 15 January 2025 @11h00 Auction Close Thursday 16 January 2025 from 11h00 Staggered Closing / Lot Closing Speed 1 lot per per minute from 11h00 (plus 1 min auto-extend) Payments Due By Friday 17 January 2025 (C.O.B) Dispatch Start Date Friday 17 January 2025 (09h00-16h00) Dispatch Close Date Tuesday 21 January 2025 (09h00-16h00) **No dispatch over weekends or public holidays**   **SCAM ALERT**  Be aware that Tirhani Auctioneers and the Seller will never ask buyers for a holding deposit to withdraw vehicles from auction. All vehicles are sold exclusively at public auctions, not via Facebook or other social media. To participate in the online auction: Register on the bidding platform (Click Register & Bid Online!)  Once registered on the bidding platform for this auction : You will receive an auction registration email for this auction with the rules of auction/bidder participation form and further instructions on how to upload required documents to the Tirhani Auctioneers Buyer’s Portal Upload all your documentation to the Tirhani Auctioneers Buyer’s Portal for verification by 4PM on Wednesday 15 January 2025. By signing the Rules of Auction, you agree to follow all general and specific auction rules.  These rules are non-negotiable; do not register if you disagree. REGISTRATION FEE: R7 000 (refundable if no purchases are made or due to unsuccessful registration) FICA DOCUMENTS: As described in Annexure A of the Rules of Auction.  All FICA documents provided to Tirhani Auctioneers must also be provided to the seller when collecting your asset(s). **PLEASE NOTE** Some lots will be sold subject to confirmation (STC) by the seller, irrespective of the online bid amount. If you win multiple lots, you will receive a single invoice for all successful bids; you cannot choose specific lots to claim. PURCHASE PRICE: The Purchase Price for this auction is calculated as follows: HIGHEST BID AMOUNT: The highest bid at the close of bidding.   It is recorded that the highest bid amount excludes VAT, commission/buyers premium and administration fees. These will be added to the invoice as applicable. VALUE ADDED TAX (VAT):  15% VAT is added to the highest bid amount. COMMISSION/BUYERS PREMIUM: No commission/buyer’s premium will be applied to the highest bid amount at this auction. ADMINISTRATION FEE:   Standard Bank VAF assets: R2 990 including VAT per lot.  Absa Trade Centre & other matters assets: R2 500 including VAT per lot. This auction operates 'With Reserve'. If you are the highest bidder but the reserve price is not met, the seller is not required to complete the sale. The auctioneer can accept lower bids as instructed by the seller. The Auctioneer reserves their right to accept or refuse the bid of any bidder should they be unable to satisfy any of the above notices or the Rules of Auction and FIC requirements. Tirhani Auctioneers may place bids during the auction to protect the reserve price, per section 45 (4) of the CPA. STANDARD BANK ANNOUNCEMENTS:  Standard Bank employees are allowed to register to bid with approval from Standard Bank management. ABSA ANNOUNCEMENTS:  NO Absa employees are allowed to register and buy at the auction. GOODS/PROPERTY DESCRIPTION:  Vehicles are sold according to the year of first registration on the Natis document and not the year of manufacture. The year of manufacture is unknown to Tirhani Auctioneers or Seller and no queries will be entertained regarding the year of manufacture. ALL FICA DOCUMENTS PROVIDED TO TIRHANI AUCTIONEERS MUST ALSO BE PROVIDED TO THE SELLER WHEN COLLECTING YOUR ASSET(S).   NOTICE TO BIDDERS 1. These assets are sold “voetstoots”, “as is”, “where is”. 2. Neither the Seller nor the Auctioneer has any duty to repair. 3. The asset description as provided by the Auctioneer is not conclusive. It is the bidder's responsibility to make sure that the asset specifications are correct. 4. The bidder must set their price based on their own assigned value to the asset. 5. Trade and retail prices are displayed as a guideline only! The Seller attempts to give the correct trade and retail values but will not be held liable if there is an error. 6. Any known faults have been disclosed; however, it is the bidder's responsibility to inspect the asset and ensure that the actual condition of the asset is known. The viewing day is provided for the bidders to get access to the assets to ascertain the actual condition. 7. Subject to the provisions of clause D (3) (3.7) of the Rules of Auction therein, buyers participating at Tirhani Auctioneers' auctions bid at their own risk and are advised to inspect the goods/property on offer prior to the commencement of the auction in accordance with sub-regulation 28(5) of the CPA.  8.Due to the origins of the assets, the kilometres/hours reflected on the assets cannot be guaranteed.  9. Collections are subject to payment reflecting in our bank account. 10. Considering the provisions of clause F (5) (5.6) of the Rules of Auction therein, bidding for an asset Tirhani Auctioneers’ online auctions shall be taken as tacit proof and confirmation that the bidder has inspected the asset and is satisfied with its condition. 11. Do not bid for any asset at Tirhani Auctioneers’ online auctions unless you have inspected it and you are satisfied with its condition. If you bid for an asset and are declared the highest bidder and purchaser of the asset, please note that no returns will be entertained thereafter, irrespective of the claim. The only returns that will be entertained are for erroneous descriptions such as wrong year listing, incorrect model, or incorrect variant. RUNNER: If the vehicle is sold as a runner, it does not necessarily mean that it can be driven off the auction site. Our staff may have had to jump-start the vehicle, and in some cases, bridge the ignition if no key is available. In these circumstances, it is the buyer’s responsibility to then bring the necessary equipment to start the vehicle so that it can be driven away. NON-RUNNER: Vehicles sold as non-runners would have to be collected by the buyer with a Break-Down Recovery Vehicle. EXTENDED BIDDING: This auction features EXTENDED BIDDING. Any lot with a bid within 1 minute 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 lots per 1 min. 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 the 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 outbids you. TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, Internet or any other online auction-related technologies, Tirhani Auctioneers reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Tirhani Auctioneers shall be held responsible for a missed bid or the failure of the software to function properly for any reason.   FOR MORE INFORMATION CONTACT: Stacy-Lee Campbell Customer Liaison 082 327 4580 Channtell Vogel Bidding System Queries & Support 071 587 6279 Robyn Brown Invoicing Queries 079 305 3809

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