AUCTION GUIDE 

GENERAL 

* The final catalogue at the auction is subject to change. The list should be used as a guide only.
* Speedshift Auto Movables (Pty) Ltd reserves the right to remove a vehicle from the catalogue without notice.
* The Auction Guide contains detailed information about bidding at an auction. 

REGISTRATION DEPOSIT 

R5 000.00 deposit per vehicle. If you are planning to buy more than one vehicle, you need to pay R5 000.00 deposit more per vehicle.  

PAYMENT OF THE DEPOSIT 

NO CASH OR PRIVATE/COMPANY CHEQUES are accepted on our premises for payment. 

* CHEQUES are NOT accepted.
* CASH IS NOT accepted on our premises
* ELECTRONIC TRANSFERS – must reflect in Speedshift Auto Movables (Pty) Ltd bank account on the day of the auction.
* CREDIT OR DEBIT CARD PAYMENTS are accepted (For registration deposit of R5 000.00 only) and not for payment of the balance of the vehicle. 

PAYMENT OF THE BALANCE OF THE VEHICLE 

* CHEQUES are NOT accepted.
* ELECTRONIC TRANSFERS – must reflect in Speedshift Auto Movables (Pty) Ltd bank account before any vehicles will be released.
* Bank Deposits - must reflect in Speedshift Auto Movables (Pty) Ltd bank account before any vehicles will be released. 

SHOULD YOUR BIDS NOT BE SUCCESSFUL 

* EFT refunds will be refunded after 7 working days
* Credit card refunds are done immediately after the auction – which will reflect after 7 to 10 working days 

COMPULSORY FICA DOCUMENTS  

* All individuals are required to submit specific documentation participating in an auction.
* The documentation required is detailed once you've registered.
* Only ORIGINAL OR CERTIFIED COPIES of the document will be accepted. 


BIDDING ON AN AUCTION: 

* All bids EXCLUDE an ADMIN FEE OF R2 500.00 (excluding VAT)
* All bids EXCLUDE 15% VAT
* NO buyers commission is payable on cars purchased on auction 

Example: 

Hammer Price: R60,000.00
Plus: Admin Fee: R  2,600.00
Plus: VAT (15%): R  9,390.00
Total: R71,990.00
Less: Deposit: (R 8,000.00)
Amount Owing: R63,990.00


PROCESS AFTER AUCTION 

* Collect invoice after the auction
* EFT Payments must reflect as CLEARED IN Speedshift Auto Movables (Pty) Ltd BANK ACCOUNT before releasing of any vehicles will take place
* No credit or debit card payments can be done for the balance of the vehicle
* No cash accepted on-premises 

REGISTRATION REQUIREMENTS AND TERMS AND CONDITIONS 

FICA DOCUMENTS 

Everyone bidding on an auction needs to be compliant in terms of The Financial Intelligence Centre Act (FICA) 

ALL DOCUMENTS NEED TO BE PROVIDED PRIOR TO EITHER A LIVE OR ONLINE AUCTION 

ONLY ORIGINAL DOCUMENTS OR A CERTIFIED COPY OF THE ORIGINAL WILL BE ACCEPTED 

Depending on what capacity you are acting in, the FICA documentation required to vary: 

* Private/Individual - Documents Required:
* Green barcoded ID/Smart Card ID and Drivers licence or (Passport and Traffic Register licence if you are not a SA Citizen).
* Proof of residence not older than 3 months (Must be your physical address) e.g: Utility Bill (Water & Lights) not older than 3 months. TV/DSTV Licence - not older than 3 months. Telephone account: Landline or cell phone account - not older than 3 months. Clothing accounts will also be accepted. Rental Statements.
* Proof of deposit (EFT payments must reflect on the day of the auction). 

NB – Must be your physical address. PO Box or Private Bag numbers will not be accepted. 

Buyers residing at someone else’s premises may submit an affidavit with an ID copy of the owner of the premises. 

* Dealers and Companies - Documents Required:
* Sole Proprietor - Documents Required:
* Trust - Documents Required:
* Partnership - Documents Required: 

* CK, CC or PTY Business Registration documents.
* Green ID/Smart Card ID and proof of residence for each individual member of the business.
* Proxy’s ID/ Smart Card ID, Driver’s licence and proof of address not older than 3 months.
* VAT Documents.
* Business Register Certificate (BRN Certificate).
* Business Letterhead/Affidavit authorising individuals to bid on behalf of the business with details of their names and certified copies of their ID.
* Proof of address of the business not older than 3 months.
* Proof of registration deposit.
* Cipro printout (if provided – not older than 1 year).
* Letter from the business accountant/auditor/company secretary/director/authorised person, confirming the names of those holding 25% voting rights at general meetings.
* FICA Documents of the entities/individuals above 25%.
* Proof of address of the business not older than 3 months.
* Owner’s Green ID/Smart Card ID.
* Letter on business letterhead confirming the existence of the business as a sole proprietorship.
* SARS Letter with Tax Number.
* Green ID/Smart Card ID of all Trustees.
* Authorization letter to buy on behalf of the Trust.
* Proof of address for the Trust not older than 3 months.
* Trust Deed.
* Letter of authority issued by the master of the high court.
* Tax clearance certificate.
* Partnerships agreement.
* Partners Green ID/Smart Card ID and proof of residence not older than 3 months.
* SARS Letter with Vat Number.
* Proof of the business address not older than 3 months.
* Business Letterhead/Affidavit authorising a representative to bid on behalf of the business.
* Proxy’s ID/ Smart Card ID and Driver’s licence.
* Proxy’s proof of residence not older than 3 months.
* Business Register Certificate (BRN Certificate). 

YOU MAY NOT PARTICIPATE ANY AUCTION WITHOUT PROVIDING THESE DOCUMENTS AT REGISTRATION / PRIOR TO THE ONLINE AUCTION!!! 

TERMS AND CONDITIONS 

* Please note the last day of payment is as per Pro Forma Invoice received
* Ensure all documents have been submitted upon collection of the vehicle
* The vehicle can only be collected once payment has cleared in Speedshift Auto Movables (Pty) Ltd bank account and once storage has been settled, should there be any storage charges.
* Vehicles are sold as-is with no duty to repair
* No cancellations are allowed or accepted
* Should the client buy more than one vehicle, he has to pay for all the vehicles
* The client has 21 days to register the vehicle in his/her name
* Speedshift Auto Movables (Pty) Ltd will do notification of change of ownership
* Please be advised that the description and mileage is purely an indication and should be used as a guide only
* You are responsible for validating the correct description & mileage.
* Please note that the year of manufacture is unknown.
* Due to the nature in which the vehicle was received the Odometer reading cannot be guaranteed.
* The retail price is not guaranteed.
* The Engine number, Chassis / VIN number and Registration number can be found on the License disc. Where no License disc is available the information can be obtained from the Registration Office. 

These Rules of Auction comply with the provisions of Section 45 of the Consumer protection Act, 68 of 2008. Sub sections (1), (2) and (3) of this Section provides as follows: 

* In this section, "auction" includes a sale in execution of or pursuant to a court order, to the extent that the order contemplates that the sale is to be conducted by an auction.
* When goods are put up for sale by auction in lots, each lot is, unless there is evidence to be contrary regarded to be the subject of a separate transaction.
* A sale by auction is complete when the auctioneer announces its completion by the fall of the hammer, or in any other customary manner, until that announcement is made, a bid may be retracted 

Failure to make the deadline and failure to pay for the vehicle will result in: 

* The sale being cancelled
* Deposit of R5 000.00 being forfeited
* Being banned from the Auction Centre
* You will be liable to pay 10% of the purchase price
* Speedshift Auto Movables (Pty) Ltd will not entertain any claims for FAULTS AFTER THE SALE.

We host Auctions on a weekly basis at our main warehouse

X11, 60 Rietspruit Rd, Kosmosdal, Pretoria, 0157 (Head Office)

AUCTION GROUNDS IN SOUTH AFRICA (On Occasions) 

1 Leyland Rd, Aureus, Randfontein, 1760 (Warehouse)

8 Carolina Small Holdings, Old Kimberley Road, Bainsvlei, Bloemfontein 

07 Range Rd, Blackheath, Cape Town 

N2 South, Between Caltex And Exit 222 Witfontein, Brandford, Bloemfontein 

2 Robbie De Lange Road, Wilsonia, East London 

138 Blaauwberg St, Polokwane Ext 17, Ladine, Polokwane 

3 Promed Road Pietermaritzburg, KwaZulu-Natal 

40 R42, Stefano Park AH, Vanderbijlpark, 1911 

Beyers Naude Drive, Muldersdrift, Krugersdorp, 1739 

January Street, Middelburg, R35 - Near Bell Equipment

AUCTION GROUNDS IN THE SADC REGION (On Occasions) 

Plot 22030 Takatokwane Way, G-West Industrial, n/a Gaborone, Botswana 

c/o Michelle Mclean & Platinum Streets, Prosperita Namibia 

Plot Nr. 12281-319 Florida Industrial Ha Hoohlo Maseru Lesotho 

Hatfield house, Seke road, Graniteside, Harare, Zimbabwe 

King Mswati lll Avenue  Lot Number 797 Matsapa Eswatini

DISCLAIMER

The auction catalogue is subject to change and the list of vehicles should be used as a guide only. The auction dates and times are subject to change. Our database of used vehicles is updated regularly to reflect our current pre-auction offerings, whether you're in search of a vehicle with one previous owner or one that's still under warranty, we’ve got you covered. 

Speedshift Auto Movables (Pty) Ltd reserves the right to remove any vehicle from the catalogue without notice as we also offer pre-auction cash deals.