Monday, March 20, 2006
Terms and conditions: For Buyer
To Buyer: (Read the following carefully with your agreement on it!)
First of all, in order to attend an auction sale you are required to register as a bidder or you may pre-register as a bidder. While it is not absolutely necessary to pre-register, we strongly recommend that you do, as it will only facilitate the bidding process and enhance your auction experience. We wish to advise that all potential bidders to read and understand all the terms and conditions of sale since all cars are sold 'as is where is' basis, without warranties or guarantees of any type, you are obliged to thoroughly research and inspect any car before purchased. Under the auction law, you become the legal owner of the car when the auctioneer says sold.
Buying at an auction center gives you a lot of choices because there will be all types and models of cars available for auction sale. Besides that, you may found buying a car through MAC the car selling price will be much reasonally lower than USED cars Dealers. And once the auctioneer declares that you are the highest bidder on the fall of the hammer, you will definitely be the legal owner of the car provided documentation are completed and all payments are paid in full.
Who can buy at an auction?
Anyone, 18 and above, auto dealers and the general public are welcome to bid on any car offered at an auction sale.
What do I need to bid on a vehicle?
You are required to register yourself at our registration counter with valid identification and to deposit cash / Original Interbank transfer slips to MAC account/ bank draft / credit card of RM1,000.00 payable to MALAYSIAN AUCTION CENTER (M) SDN. BHD. Thereafter you will be given a bidder card number. Your deposit will go toward the sale price of the car you buy. In the event that you are unsuccessful in bidding, the deposit can refunded to you at any time during the auction sale by returning your bidder card to the main office. No bids will be taken from unregistered bidder's.
What price do I pay?
It is essential for you to know the estimated market value of the cars therefore we would advise you to read through the Local Newspaper for some indication on the used car prices or check with a friend who is familiar with used car prices. We can also provide you with our professional indoor appraisal service.
How am I assured of the purchase?
In an auction, the highest bidder declared by the auctioneer upon the fall of the hammer shall be successful bidder or purchaser and the owner shall not retract the sale. As for the other traditional sale such as tender, the owner can still decide whether to sell or not.
BUYER PREMIUM - A Buyer Premium of RM100* will be charged for every vehicle successfully bought through our auction sale. (Remarks: It is included of 1 year membership fees of RM20)
Can I inspect the vehicles before the sale?
All cars with MAC's Special Inspection results sheet will be displayed on the windshield which included the manufacture year, registered year, owner's details, & etc. We prefer that you view and inspect all the cars that are for sale at the auction before the auction date as pre-viewing dates are available. In your program, mark the cars that you interested in and keep an eye during the auction to make sure you don't miss the car.
Are there warranties?
All cars are sold 'as is where is' basis unless otherwise instructed by the seller.
First of all, in order to attend an auction sale you are required to register as a bidder or you may pre-register as a bidder. While it is not absolutely necessary to pre-register, we strongly recommend that you do, as it will only facilitate the bidding process and enhance your auction experience. We wish to advise that all potential bidders to read and understand all the terms and conditions of sale since all cars are sold 'as is where is' basis, without warranties or guarantees of any type, you are obliged to thoroughly research and inspect any car before purchased. Under the auction law, you become the legal owner of the car when the auctioneer says sold.
Buying at an auction center gives you a lot of choices because there will be all types and models of cars available for auction sale. Besides that, you may found buying a car through MAC the car selling price will be much reasonally lower than USED cars Dealers. And once the auctioneer declares that you are the highest bidder on the fall of the hammer, you will definitely be the legal owner of the car provided documentation are completed and all payments are paid in full.
Who can buy at an auction?
Anyone, 18 and above, auto dealers and the general public are welcome to bid on any car offered at an auction sale.
What do I need to bid on a vehicle?
You are required to register yourself at our registration counter with valid identification and to deposit cash / Original Interbank transfer slips to MAC account/ bank draft / credit card of RM1,000.00 payable to MALAYSIAN AUCTION CENTER (M) SDN. BHD. Thereafter you will be given a bidder card number. Your deposit will go toward the sale price of the car you buy. In the event that you are unsuccessful in bidding, the deposit can refunded to you at any time during the auction sale by returning your bidder card to the main office. No bids will be taken from unregistered bidder's.
What price do I pay?
It is essential for you to know the estimated market value of the cars therefore we would advise you to read through the Local Newspaper for some indication on the used car prices or check with a friend who is familiar with used car prices. We can also provide you with our professional indoor appraisal service.
How am I assured of the purchase?
In an auction, the highest bidder declared by the auctioneer upon the fall of the hammer shall be successful bidder or purchaser and the owner shall not retract the sale. As for the other traditional sale such as tender, the owner can still decide whether to sell or not.
BUYER PREMIUM - A Buyer Premium of RM100* will be charged for every vehicle successfully bought through our auction sale. (Remarks: It is included of 1 year membership fees of RM20)
Can I inspect the vehicles before the sale?
All cars with MAC's Special Inspection results sheet will be displayed on the windshield which included the manufacture year, registered year, owner's details, & etc. We prefer that you view and inspect all the cars that are for sale at the auction before the auction date as pre-viewing dates are available. In your program, mark the cars that you interested in and keep an eye during the auction to make sure you don't miss the car.
Are there warranties?
All cars are sold 'as is where is' basis unless otherwise instructed by the seller.
