Terms and Regulations

CAR AND MOTORCYCLE AUCTION'S DEPOSIT STRUCTURE

PURCHASE PRICE DEPOSIT REQUIRED
RM2,000/- AND BELOW FULL PAYMENT OF PURCHASE PRICE & BUYER'S PREMIUM AT RM600 (Car) or RM270 (Motorcycle)
RM2,001/- TO RM100,000/- DEPOSIT RM1,000/- and BUYER'S PREMIUM AT RM600 (Car) or RM270 (Motorcycle).
RM100,001- AND ABOVE A SUM OF EQUIVALENT TO RM5,000.00 or 10% OF THE BIDDING PRICE AND BUYER'S PREMIUM AT RM600 (Car) or RM270 (Motorcycle).

 

  • DEPOSIT ON EACH LOT AND BUYER'S PREMIUM MUST BE PAID BY CASH/BANK DRAFT IN FAVOUR OF FOCAL PARK SDN. BHD. IMMEDIATELY ON THE FALL OF THE AUCTIONEER'S HAMMER.
  • THE BALANCE PURCHASE PRICE MUST BE PAID IN CASH/BANK DRAFT/TELEGRAPHIC TRANSFER IN FAVOUR OF FOCAL PARK SDN. BHD. (OR THE LEGAL OWNER WHERE APPLICABLE) WITHIN FIVE (5) DAYS AFTER THE DATE OF PUBLIC AUCTION SALE.
  • ALL VEHICLES OFFERED FOR SALE ARE "AS SEEN" AND ON "AS IS WHERE IS" BASIS AT THE BUYER'S RISK.

Note: The above struture is merly a guideline and reference only!
Every bank has its own terms and conditions to be announced during auction.



SPECIAL TERMS & CONDITIONS

  1. Bidders must be registered on the authorized bidder's supplied by Focal Park Sdn. Bhd.
  2. A deposit of RM1,000/- and the buyer's premium of RM600.00 (Car) or RM270.00 (Motorcycle) 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 RM5,000.00 or 10% of the Bidding Price of RM100,001/- and above, and the buyer's premium of RM600 (car) or RM270 (Motorcycle) 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 five (5) 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 motorcycle, every bid is RM100/-
  7. For Reserved Price below RM50,000/-, every bid is RM200/-.
  8. For Reserved Price between RM50,001/- to RM100,000/-, every bid is RM500/-.
  9. For Reserved Price RM100,001/- and above, every bid is RM1,000/-.
  10. Be sure to inspect the vehicles before bidding and no inspection is allowed during or after the auction.
  11. As all the lots were made available for inspection before the Auction, no allowance or refund will be made, nor will any buyer be permitted to reject any lot on the ground that it is not correctly in the buyer's Catalogue.
  12. All intending bidders are advised to inspect the conditions of the vehicles and conduct their own JPJ, PDRM (police search) prior to the auction sale.
  13. No document is given for vehicles cut & joint.
  14. If, Puspakom VR 1 inspection is not done, successful bidder has to arrange for Puspakom VR 1 inspection on their own cost and risk.
  15. NO REFUND shall be intertained for Puspakom VR 1 "Lulus Bersyarat", VR 1 "Gagal" due to engine changed and vehicles "Blacklisted" by the relevant authorities.

TOYOTA CAPITAL -Administrative fees of RM40 will be charged by Toyota Capital (M) Sdn Bhd.

AFFIN BANK-The successful auction price must be fully setted within ten (10) days from the date. Any request for extension on the settlement shall attract penalty charges of RM500.00.

"Hong Leong Bank Berhad have made it compulsory for the successful bidder to sign the Declaration of Source of Funds for successfully bidder vehicles RM25,000.00 and above, this is only applicable for successful bidder who wish to settle the balance purchase price with "CASH TERMS" only. In the event of a bidder neglecting or failing tp comply with this condition, any deposit paid shall be forfeited and the sucessful bid shall be deem to be null and void. The vehicle thereafter shall be resold by further auction and such resale to be considered as new sale for which the Bank and /or Auctioneer will be entitled to do so"

9.0A Extra refundable security deposit

A. For Malayan Banking Berhad auction artiles with reserve price from RM5,000.00 and below, an extra refundable security deposit of RM1,000.00 ("extra security Deposit") is to be collected together with the amount stated in clause 9.0A from the successful bidder.

B. The Extra Security Deposit will be refunded after the proof of transfer of ownership being so presented to Malayan Banking Berhad. 

 Aiqon Amanah Sdn Bhd/ Aiqon Islamic Sdn Bhd do not have any document for support transfer, succesful bidder have to do themselves. Aiqon only will give consent to Ambank E Batal for Aiqon vehicle. Kindly take note the ownership for all Aiqon vehicle still Ambank and Aiqon took over NPL account by way of vesting order granted by High Court of Malaya.

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

By Order, 
Licensed Auctioneer

Head Office

352, Permatang Tok Jaya, Maklom, Sungai Dua, 13800 Butterworth, Penang

Tel: +604-3567972 (Hunting Line)

Fax: +04-356 7425

Email: [email protected]

Alor Star Branch

Lot 138A, Batu 5, Jalan Langgar, 05460 Alor Setar,Kedah Darul Aman

Ipoh Branch

PT 51683, Jalan Jelapang,Kawasan Perindustrian Taman Meru, 30020 Ipoh,Perak Darul Ridzuan.

Kota Bharu Branch

Lot 5198,Petak 41 Jalan 20,Kawasan Perindustrian Pengkalan Chepa,Fasa 2,Pengkalan Chepa,16100 Kota Bahru , Kelantan Darul Naim.

Kuantan Branch

Lot 10869, Lot 10870 & Lot 10871 Jln Tanah Putih,Tanah Putih 25100 Kuantan