How to buy and sell a classic car through Anglia Car Auctions
Starting out as a general car auction business in 1995, Anglia Car Auctions held its first dedicated classic sale in 2005, initially focussing on the budget sector of the market with a no frills, low buyer’s premium set-up. However, Anglia’s classic car auctions have expanded to include higher-value cars alongside starter classics and projects.
Why should I sell my classic at a Anglia Car Auctions?
While some enthusiasts prefer to buy at auction rather than sell, there’s no doubt that handing over your classic to an auction house significantly reduces the hassle factor of selling a classic. And you don’t have to worry about handling the money or giving away personal details, or make time for long calls about the car or having to be home to show people around your vehicle.
Does Anglia Car Auctions offer an online valuation?
Before you can enter a car into the sale, ACA needs to view the car either in person or by email. We need information such as service history or other documents, has it been in long-term single/family ownership, does it have its original buff log and or a current V5, is it MoT'd, a description of its general condition both of the exterior and interior, is it running, does it have an original handbook, etc., and what sort of price you are hoping to achieve.
How many sales does Anglia Car Auctionsd have a year?
ACA currently has five classic car sales scheduled for this year. They are held at its site in King's Lynn and we can heartily recommend the bacon butties.
How much does it cost to enter a car in a Anglia Car Auctions?
For cars, entry costs £75 (+vat). This is payable on agreed entry and the price includes valet. Remember, ACA is one of the few auction houses that drives cars in and out of the sale room, unless the car is a non-runner.
Is there a seller's fee at Anglia Car Auctions?
The seller's commission is 5% for classic cars and a minimum of £100 will be changed. Expect to pay VAT on this.
Does Anglia Car Auctions store and prepare vehicles for sale?
The entry price of the auction includes a valet. If you need them to store your car or help fettle it, you'll need to contact them directly.
How long will Anglia Car Auctions store a car after the auction?
ACA tries to offer buyers and sellers two weeks' grace after the sale. If vehicles are not removed after this period, there is a charge.
How long will after the auction will I have to wait for payment?
Following a successful sale of your vehicle, you will receive cheque payment by the second Thursday. This is nine working days after the sale and assuming full settlement has been made by the buyer. Bank payments can be arranged and will be made by by the third Tuesday, which is twelve working days after the sale.
Are there any hidden charges at Anglia Car Auctions?
As soon as it has been agreed that your car will entered into one of our sales, you will need to complete an entry form. This forms the contract between Anglia Car Auctions and you as the Vendor. Withdrawal of the entry prior to the sale is subject to fees. The fees are charged at 11% (+vat) of the reserve price which covers the buyer's premium at 6% and selling commission of 5% plus the entry fee of £75 (+vat). In the case of vehicles offered with no reserve, fees will be calculated based on the auctioneer's expected achievable result.
What cars for sale are in the next Anglia Car Auctions Sale?
You can see the latest sale catalogue online at angliacarauctions.co.uk or call them on 01553 771881. Alternatively, email them at: info@angliacarauctions.co.uk