Bidding Instructions

To bid at a DVLA Timed Auction, please follow the 5 simple steps below:

  • Register on the Internet

To register to bid online click the button on the left 'Register' and follow the instructions. Here you will be able to register securely then place your confidential bids 24 hours a day.

  • Read through the Terms & Conditions

Ensure you understand the Auctioneers’ Terms & Conditions of Sale and the DVLA Sale of Registrations Marks Regulations

  • Decide how much you’d like to spend

Decide on your spending limit. Don’t forget that there is VAT and a Buyer’s Premium of 8% (min £40) + VAT and an £80 Assignment Fee to be added to the bid price if successful. Have a look at the ‘What Will It Cost?’ table to see the final amount you will need to pay based on your bid. When deciding on the value of your bid, remember that bids start at the reserve price and must increase in increments of £10.

  • Submit your Bid(s)

You will be able to see the current bid price on each Lot together with the number of bidders interested in each Lot. You will have the freedom to increase your bids up until the deadline. Once placed, bids cannot be removed. This auction operates on the basis of Maximum Bids and features Sliding End Times.

  • Decide how you’d like to pay

Payment needs to be made within 5 days of the auction. To find out what payment methods are accepted please see ‘How to Pay’.

If you would like to download a copy of the auction catalogue please follow the link below:-


http://www.dvlaauction.co.uk/wp-content/uploads/2018/10/DVLA-October-2018-Timed-Auction-Catalogue.pdf


BID DEADLINES

Please note that bids will only be accepted while the auction is in progress

No bids can be accepted by any means after this time.

TO VIEW A SHORT VIDEO EXPLAINING

HOW TO BID VISIT:

https://youtu.be/c_tDvSzJnAw

Maximum Bids and Sliding End Times

Maximum Bids

The DVLA Timed Auction runs on the principle of “Maximum Bids”. Bidders submit “Maximum Bids” which are invisible to other bidders. Bidding starts at the reserve price for each registration. If there is competitive bidding on a Lot, the auction system will automatically increase bids on behalf of bidders in £10 increments. Once a bidder’s “Maximum Bid” has been reached, the system will stop bidding for them. The current winning bid price for each registration is on view on the website at all times.Starting price

Sliding End Time

The “Sliding End Time” is a mechanism to prevent auction sniping, or the practise of rival bidders outbidding each other with just seconds to go before the deadline. Every Lot has a published “End Time” clearly visible on the website at all times. This is the deadline by which all bids must be received. <strogn>For Lots on which any bidding activity takes place in the last 30 minutes before the End Time, the End Time will slide by 30 minutes to allow bidders the chance to bid again, thereby allowing bidding to reach its natural conclusion.</strogn>

Important Points

  • Registrations are not sold for less than the Reserve Price.

  • Registrations cannot be purchased before the auction.

  • Bids are submitted on a “Maximum Bid” basis. “Maximum Bids” are not visible to any other bidder

  • Bidding starts at the reserve price. If there is competitive bidding, bids will automatically be taken in £10 increments up to your Maximum Bid

  • We strongly recommend you place your Maximum Bid early as there is no advantage to leaving your bid until the last minute

  • We do not recommend bidding using internet access from a mobile phone or similar device due to reduced visibility of the website

  • Each Lot in the DVLA Timed Auction has an End Time which is shown on the website

  • Please note that this will be extended in the event of any last minute bidding activity

  • No bids will be accepted after the Lot closes

  • Any unsold Lots will remain with DVLA. They are not available to purchase after the auction

  • You cannot use a registration number to make a vehicle look younger than it is

  • Warning: It is an offence to alter, re-arrange or misrepresent a registration number

  • There is a maximum fine of £1,000 and the registration number can be withdrawn without compensation

  • You will be liable for all bids made using your bidder details

  • If you are successful, the price you will pay will be your winning bid price, plus VAT on the bid price, an 8% buyer’s premium (minimum £40), VAT on the buyer’s premium and an £80 Assignment Fee

  • Your credit or debit card details must be provided in order to register as a bidder

WHEN DO I PAY?

Payment of the outstanding balance must be made in full within 5 working days from the close of the auction including all the extras for Buyer’s Premium, VAT and the Assignment Fee.

If you have bid online you will be sent an email. If you have bid by post or by fax you will be notified by post.

HOW CAN I PAY?

Payment can be made by any of the methods listed below. Any payments from overseas bank accounts should be made electronically into the HSBC bank (details below) or by bankers draft drawn in sterling from a UK bank.

PLEASE NOTE THAT PAYMENT BY CASH IS NOT ACCEPTED.

SECURE ON-LINE PAYMENT

WE ARE UNABLE TO TAKE CARD DETAILS OVER THE PHONE

Pay on-line by visiting your account and looking at My Purchases using your debit/credit card. We do not accept payment by Amex.

ELECTRONIC FUNDS TRANSFER

Funds can be transferred directly into the British Car Auctions Limited DVLA Client Account as below. Please include the registration number(s) and lot number(s) as reference. British Car Auctions Limited - DVLA Account

Bank HSBC Bank Plc

Sort Code 40-21-05

Account No 41736051

BIC MIDLGB22

IBAN Number GB89 MIDL 4021 0541 7360 51

(for payment from overseas).

INTERNET BANKING

You can transfer funds online into the British Car Auctions Limited DVLA Client Account (see above). So that we can allocate your payment, please give the lot number and registration number as a reference.

CHEQUE

Payment by cheque must be made within 5 working days of the auction. Cheques should be made payable to “British Car Auctions Limited DVLA Client Account” and posted to us. Please write the registration number(s), lot number(s) and your bidder number on the reverse of the cheque. Please note that for clearance purposes cheque payments from foreign bank accounts are not acceptable. We allow 10 working days for cheques to clear so you will not receive documentation for up to 20 working days after the auction.

WHAT HAPPENS NEXT?

Within 14 working days of cleared funds being received, the DVLA will send you a Certificate of Entitlement (V750). This will enable you to assign the registration number to a vehicle registered in your name or in that of the nominee. If you buy more than one registration, Certificates of Entitlement will not be issued until payment has been received in full for all registrations.


Nominee Details

If you are purchasing a registration for or on behalf of someone else this section should also be completed at the time of payment, this will allow the registration to be assigned either to a vehicle registered in your name as the purchaser or to your named nominee. Please note that individual’s forenames or initials must also be supplied. Nominee details without this information will not be accepted. Nominee details can be altered/added at a later date upon application to the DVLA. There is no fee.

DVLA Auction Team, BCA Ltd, Cross Green Business Park, Leeds, LS9 0PS

Tel: 0300 123 3500 - E-mail: [email protected]

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