Tuesday, March 21, 2006
Terms and conditions: For Seller
For Seller: (Please read the following carefully with your agreement on it!)
It basically involves you presenting your car at the auction (1 to 3 days) with its related documentation and filing in one form. Selling by this method has the advantage of quick, convenience, safe, everything is done for you and you will almost certainly received more for your car that you would get from other methods.
You can avoid the hassles you would get by selling your car privately. The repeated and expensive advertising costs and joyriders 'test driving' your car when they haven't any intention to buy. Also the type of persons who will return the car after a week, demanding their money back over some insignificant fault.
At an auction, your car will be the focus of intention for perhaps hundreds of potential buyers. It's a very rare event when a car doesn't entice someone to open bidding.
How do I register as a seller?
You will have to fill in the entry form. This document will be used as the basis for the auctioneer's description of your car. You are required to furnish the auctioneer the particulars of your car as described in the registration card and the amount owing to the financier, if any. The auctioneer will want to know the minimum amount you are willing to accept for the car, this is the "RESERVE PRICE". And the MAC's auctioneer will not sell below this price without your consent. If you are unsure of the value of your car, our professional appraiser shall conduct a check on your car and advise you on the condition of your car and the market value.
Who can sell at an auction?
Anyone can sell at an auction provided that there is proof of car ownership and all condition set are complied with.
When will I be paid for my car?
Usually within 14 days Max. from the date of auction sale, provided always that the amount owing to your financier is settled and transfer of ownership to the successful bidder is accepted by the relevant authorities. Under no circumstances will a seller be paid before the buyer has paid for the car.
What fees are involved in selling a car at an auction?
A sum of RM120.00 being the entry fee shall be charged to reserve a lot number for your car, this will also include the advertisement charges (including FREE ON-LINE advertising for your 2nd car), appraisal fees, search fees with JPJ on the authenticity of the registration card and the preparation of the Contract of Sale. A minimum commission of RM500.00 or 1% (whichever is higher) of the car sale price will be charged upon successful auction sale. In the event that your car is not sold, the entry fee shall be forfeited.
If your car have successfully been sold out at MAC, we will offer you a free membership fees for 2 years, also with as low as RM50 for your next car entry fee too.
How can I make sure that my car is transferred to the new purchaser in order to avoid any complications later?
We have the responsibility to ensure that your car is duly registered and thereafter transferred and proof of transfer shall be forwarded to you. Just let MAC to serve you.
It basically involves you presenting your car at the auction (1 to 3 days) with its related documentation and filing in one form. Selling by this method has the advantage of quick, convenience, safe, everything is done for you and you will almost certainly received more for your car that you would get from other methods.
You can avoid the hassles you would get by selling your car privately. The repeated and expensive advertising costs and joyriders 'test driving' your car when they haven't any intention to buy. Also the type of persons who will return the car after a week, demanding their money back over some insignificant fault.
At an auction, your car will be the focus of intention for perhaps hundreds of potential buyers. It's a very rare event when a car doesn't entice someone to open bidding.
How do I register as a seller?
You will have to fill in the entry form. This document will be used as the basis for the auctioneer's description of your car. You are required to furnish the auctioneer the particulars of your car as described in the registration card and the amount owing to the financier, if any. The auctioneer will want to know the minimum amount you are willing to accept for the car, this is the "RESERVE PRICE". And the MAC's auctioneer will not sell below this price without your consent. If you are unsure of the value of your car, our professional appraiser shall conduct a check on your car and advise you on the condition of your car and the market value.
Who can sell at an auction?
Anyone can sell at an auction provided that there is proof of car ownership and all condition set are complied with.
When will I be paid for my car?
Usually within 14 days Max. from the date of auction sale, provided always that the amount owing to your financier is settled and transfer of ownership to the successful bidder is accepted by the relevant authorities. Under no circumstances will a seller be paid before the buyer has paid for the car.
What fees are involved in selling a car at an auction?
A sum of RM120.00 being the entry fee shall be charged to reserve a lot number for your car, this will also include the advertisement charges (including FREE ON-LINE advertising for your 2nd car), appraisal fees, search fees with JPJ on the authenticity of the registration card and the preparation of the Contract of Sale. A minimum commission of RM500.00 or 1% (whichever is higher) of the car sale price will be charged upon successful auction sale. In the event that your car is not sold, the entry fee shall be forfeited.
If your car have successfully been sold out at MAC, we will offer you a free membership fees for 2 years, also with as low as RM50 for your next car entry fee too.
How can I make sure that my car is transferred to the new purchaser in order to avoid any complications later?
We have the responsibility to ensure that your car is duly registered and thereafter transferred and proof of transfer shall be forwarded to you. Just let MAC to serve you.
