Our auction fees start from £72 inc vat if you have a registered trade account or £108 inc vat if you are a private buyer / seller. A full list of our fees can be found here under the “rates & terms” section of our website https://www.letchworthmotorauctions.co.uk/rates-and-terms/private-buying-and-selling-fees/.
This depends on if you wish to take the vehicle with you on the night of purchasing. We advise paying with debit/credit card to avoid bringing large amounts of cash with you. If you wish to pay with cash please note there is a 2% + VAT handling fee on top of any payment over £500.00.
Come to us immediately and inform us, however if your bid has been accepted by the seller then you have entered into a contract to purchase the vehicle and you must pay for the vehicle in full.
Live bid is an online bidding system. You can bid for the vehicles LIVE that are going through the auction. Register here free https://www.letchworthmotorauctions.co.uk/live-bid-registration-entry/
We value a vehicle using the mileage, bodywork & mechanical condition via CAP valuation figures.
Vehicles which are sold with a trial have a 42 point RAC check. This report is available online and in the auction hall. Vehicles sold as seen do not have any mechanical checks only vehicle condition reports which can also be found online and in the auction hall for each vehicle.
To enter your vehicle into auction we would advise that we value the vehicle first. This can be done over the phone or via our online valuation form https://www.letchworthmotorauctions.co.uk/value-my-vehicle/. Once you have a valuation simply drop the vehicle to us along with the V5 registration document, service history, spare keys etc. We will ask to see your photo ID and proof of address and will need you to complete a vehicle entry form. There are no entry fees upon putting your vehicle into auction but remember when putting a reserve on your vehicle a selling fee will be deducted. A list of our fees can be found on our website or in the auction hall.
Once a bid has been accepted by the auctioneer either online or in the auction hall your bid is not able to be retracted.
Once the seller has accepted a bid then the vehicle is considered sold and the seller will not be able to change their mind.
We recommend that you valet your vehicle inside and out to make sure it stands out and looks its best. If you don’t have time simply let us know and we will get it done on your behalf for a small fee.
We don’t have auctions specific for classic vehicles but we do offer classic vehicles on occasions. We always advertise them on our website and through our social media pages.
We don’t offer finance so would need full payment made within 48 hours. If you are a motor-trader we would suggest speaking to NextGear capital as they offer stock funding for motor dealers.
Buying from auction means that you are most often buying at a reduced value which will save you money compared to forecourt sale prices. We also give you information on the vehicle that some traders/private sellers might not tell you. We also encourage you to come down and view the vehicle before accepting any bids/offers from you to ensure you know the vehicles condition before you drive away.
There are no licences for dealers. The auction is open to private individuals and trade buyers. All you will need is a photo card driving license or passport and recent utility bill as proof of identity. If you are a motor trader and have trade insurance, we recommend setting up a trade account with us which will give you discounted fees. To set up a trade account we need your photo card driving license, copy of full trade policy (temporary notices not accepted) and our account form to filled out in full.
Yes, anyone can visit our auction.
Some salvage vehicles are sold in great condition and can be sold very cheaply but we do always advise you to properly look round a vehicle before bidding/purchasing.
You can buy and sell as many as you want but we wouldn’t recommend trading vehicles without trade insurance as you wouldn’t be insured to drive/keep these vehicles.
The majority of our stock comes direct from main dealers as part exchange or overage stock. Private buyers, smaller motor traders, and sole traders also use us to sell their vehicles as we can advertise to lots more people quicker and easier.
Please visit our “new to auction” section on our website for all you need to know on buying and selling at our auction https://www.letchworthmotorauctions.co.uk/new-to-auctions/
This varies depending on how much stock we have in but usually 1 – 1 ½ hours.
Once a bid has been submitted either in the hall or online this is considered as you are entering into a legally verbal binding contract.
It is down to the auctioneer to accept the bids and the auctioneer’s word is final. The auctioneer will only disregard bids with good and fair grounds to dismiss.
Requesting a new logbook can take up to 6 weeks to receive from the DVLA but usually a lot quicker and you can purchase registration plates on the same day.
You can get new registration plates from many local businesses who offer this service or we can supply upon request.
Our auctions are held every Tuesday and Thursday from 6.30pm and every other Saturday starting at 10.30am
We are open every other Saturday from 9.30 am to midday
We do not offer test drives as the vehicles are not ours to road test.
We offer a trial with vehicles upon declaration from the seller. The vehicles are independently inspected by RAC operative. Once purchased the trial is for one hour.
This means that the seller has declared it to be sold as seen and there is no recourse.
We accept most debit / credit cards, bank transfer and cash of which will incur a 2% handling charge on balances over £500.00. Please note we do not accept American Express cards or cheques.
Yes We Can!!!!!! We have a scheme called Cash it. Please visit our website for more details or contact us for a free valuation 01462 480 499 or firstname.lastname@example.org
To get your vehicle valued by us please visit https://www.letchworthmotorauctions.co.uk/value-my-vehicle/ or you can give us a call 01462 480 499.
The vehicles have a 42 point RAC check which are carried out independently by an onsite RAC operative.
NAMA report is a graded condition report of which every vehicle offered will have. NAMA is short for National Association of Motor Auctions.
Not all vehicles. Please read our descriptions on line or on the vehicles banner before purchasing.
We supply statements and pay within 7 working days. Payments may be held back should ID/proof of address not be provided.