1. The highest bidder to be the purchaser but if any dispute arises as to the last or best bidder, the lot in dispute shall be put up again and resold, provided the Auctioneer cannot decide who the last or best bidder was.
2. No person will be allowed to retract his or her bid after being taken and the Vendor reserves the right to bid either by the Auctioneer or the Vendor's agent for any lot offered.
3. The Auctioneer may refuse to accept any bid or withdraw any lot from the sale.
4. The Auctioneer may hold a bid and refer such a bid to a Vendor before acceptance.
5. All purchasers shall on the fall of the hammer, pay to the Auctioneers, a deposit of 10% of the final price in cash, bank cheque, or approved credit cards (a 2% surcharge will be applicable for sums above $1000 on all credit cards).
6. In case of non payment of such deposit, the lot or lots may, at the option of the Auctioneer be resubmitted to auction and the defaulter's bid may or may not be accepted again during the sale.
7. All lots shall be at the buyers risk on the fall of the hammer and neither the Vendors nor the Auctioneers shall be accountable for any deficiency, damage or loss which may arise thereafter.
8. All goods must be taken away by the purchasers no later than the Tuesday after the auction, ie 72 hrs after the event. No parties will be allowed to remove their lots, or any portion thereof, until the purchase shall be completed and the full purchase price paid to the Auctioneer.
9. Storage charges may apply on lots which have been paid for and which remain uncollected after the above mentioned date.
10. The Auctioneers shall not be responsible for any damage or injury to persons incurred during the removal of lots purchased.
11. All vehicles are sold unregistered unless otherwise stated by the Auctioneer.
12. A buyer's premium exists of 3.3% and is to be paid in addition to the final price achieved at auction.
13. All vehicles submitted to auction will not have any current registration given or implied.
14. All vehicles are guaranteed with clear title. i.e. not stolen or have any moneys owing via the register of encumbered vehicles.
15. Please examine vehicles closely as NO COOLING OFF PERIOD EXISTS to motor vehicles sold at Auction.
16. In accordance with current legislation, vehicles that are 20 years or older may have their statutory warranty waived by the buyer as a vehicle sold for restoration. As all vehicles at our auctions that are submitted by licensed motor dealers will be older than 20 years and are sold for restoration, no vehicles will be submitted to auction with any statutory warranty. By accepting a bidder number, you understand that all lots are submit as vehicles requiring restoration and as a result agree to waive the statutory warranty. The said lots are to be taken with all faults (if any) and no guarantees of any nature whatsoever as to the goods sold are given by the Vendors or Auctioneers.
17. As all auction bids are final, HAVE YOUR FINANCE IN ORDER AND FINALIZED PRIOR TO BIDDING. Failing to do so will incur the action listed in clause 18.
18. Upon the purchaser failing to comply with the above conditions any money deposited in part payment shall be absolutely forfeited and all the lots uncleared may be resold by Public Auction or Private Contract and the deficiency (if any) on such resale, together with all costs and charges consequent upon such resale shall be made good by the defaulter at this sale.
19. Terms are strictly CASH, BANK CHEQUE or APPROVED CREDIT CARDS WITH A 2% SURCHARGE.
All vehicles submitted to our auctions will be unregistered. In some cases the vehicle will have a QLD Dept of transport approved LO2 plate attached. In which case registering the car in Queensland is as simple as getting a Safety Certificate from a QLD transport approved roadworthy agent, and going to QLD transport for registration. In cases where no LO2 plate is present and you intend to get the vehicle registered in Queensland, you as the buyer of the vehicle are required to get the LO2 plate. Geezers Classic Garage can arrange for the fitting of the LO2 and/or required modifications at the buyer's expense. Please understand this process is typically a very simple one (headlights and seatbelt replacement), but as Auctioneers, no guarantee of costs or timeframe of any sort is given or implied.
All prices are inclusive of GST.
Some vehicles are submitted to auction with reserve prices. Vehicles are not submitted to our auctions if we consider their reserve to be unreasonable. If the highest auction bid does not reach the reserve price the auctioneer will refer the price to the vendor to see if the price is acceptable. This is done as quickly as possible and an answer is usually available within minutes. Please make yourself known to a Geezers staff member immediately after the fall of the hammer.
Make sure the auctioneer or his assistants can see your bid by raising your bidder's number or hand in an obvious way. After you have made your first bid they will watch you carefully. Don't worry! Scratching your head or rubbing your nose will not be considered a bid. Most bidding is in $1000 or $500 raises, although the auctioneer may nominate an amount higher or lower. The auctioneer has the right to nominate how much each bid represents. Be careful - you cannot withdraw a bid once it is made.
The auctioneer will say "that will be your car". A sold slip will be issued to you (highest bidder) if the vehicle has been announced to be sold or upon the approval of the referred highest bid. You will then be required to proceed directly to the settlement office where you will pay your deposit (details in Terms & Conditions). Settlement in full and pickup of said vehicle is required before 4pm on the Tuesday after the Auction, ie 72 hours after the auction. Please note most EFTPOS cards have limits on the amount you can withdraw each day and please have your finance in order and finalized prior to bidding as all bids are final.
Good Luck
Geezers