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Home - Car Auction - Special Terms and Conditions (English)

SPECIAL TERMS & CONDITIONS

1) Bidders must be registered on the authorized bidder's cards supplied by Focal Park Sdn. Bhd.

2) A deposit of RM1,000/- and the buyer's premium of RM500/- must be paid strictly by Cash or Bank Draft in favour of Focal Park Sdn. Bhd. immediately on the fall of the hammer by the Auctioneer to the successful bidders for every vehicle.

3) A deposit for a sum equivalent to 10% of the Bidding Price of RM100,001/- and above, and the buyer's premium of RM500/- must be paid strictly by Cash or Bank Draft in favour of Focal Park Sdn. Bhd. immediately on the fall of the hammer by the Auctioneer to the successful bidder for every vehicle.

4) The Balance Purchase Price to be paid strictly by Cash, Bank Draft, Telegraphic Transfer in favour of Focal Park Sdn. Bhd. (or the Legal Owner where applicable) or Letter of Approval from Finance Company or Bank for refinancing within seven (7) days from the auction date.

5) We reserve the right to withdraw any vehicle for Auction before the fall of the Auctioneer's Hammer.

6) For Reserved Price below RM50,000/-, every bid is RM200/-.

7) For Reserved Price between RM50,001/- to RM100,000/-, every bid is RM500/-.

8) For Reserved Price RM100,001/- and above, every bid is RM1,000/-.

*All bank charges incurred (if any) to be borne by the bidders!

By Order,
Licensed Auctioneer



 
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