Buying Terms and Conditions.
Before bidding at Irish Machinery Auctions, please ensure you have read the below auction terms and conditions process. All terms and conditions must be accepted by both parties before participating in the auction process. Any questions you have please ask a member of staff. They are always willing to help you!
Bidding Registration and Deposit – In order to be able to bid at auction you will need to register your details at the registration office and place a €1000 Cash/Debit Card deposit for all lots. This is fully refundable if you don’t buy anything. Your details will be held and you will receive notification of upcoming auctions.
Provisional Bids – If your bid placed is less than the reserve set by the vendor, the auctioneer will announce this as a ‘provisional’ sale when bidding is complete. The office will then inform the vendor of the highest bid reached, and they will be given the option of accepting or declining the bid.
Commission – Auctioneer’s commission will be charged on all lots purchased. Please find below rates of buyer’s commission: (Please note all lots are subject to 23% VAT on the Hammer Price)
Assets sold up to €5,000 12% commission plus VAT
Assets sold €5,001 - €10,000 10% commission plus VAT
Assets sold €10,001 - €25,000 7.5% commission plus VAT
Assets sold over €25,001 5% commission plus VAT
*Minimum Charge of €50+Vat on any Road Registered Vehicles
**Minimum Charge of €10+Vat on all other lots
***Admin Charge of €10+Vat on all lots
Vat is charged at the standard rate of 23% on ALL ITEMS SOLD.
Irish Machinery Auctions offers an online bidding service via ibidder.com for bidders who cannot attend the sale.
In completing the bidder registration on www.ibidder.com and providing your credit card details and unless alternative arrangements are agreed with Irish Machinery Auction’s:
1. authorise Irish Machinery Auction’s, if they so wish, to charge the credit card given in part or full payment, including all fees, for items successfully purchased in the auction via the-saleroom.com, and
2. confirm that you are authorised to provide these credit card details to Irish Machinery Auction’s through www.ibidder.com and agree that Irish Machinery Auction’s, are entitled to ship the goods to the card holder name and card holder address provided in fulfilment of the sale.
Please note that any lots purchased via ibidder.com live auction service will be subject to an additional 3% commission charge + VAT at the rate imposed on the hammer price.
N.B. There is a buyer surcharge for using the following payment methods, all OTHER forms of payment will incur no surcharge:
Cash – 0.7% + Vat I.E. €100 Cash Surcharge = 0.86c
Credit Card – 2.5% + Vat I.E. €100 Credit Card Surcharge = €3.08
IMPORTANT VAT EXPORT NOTE: The VAT on any assets being exported MUST BE PAID IN FULL and once we have proof of export AND we are refunded the VAT, we will then refund the VAT to the customer. IT WILL BE APPROXIMATELY 8 WEEKS before we are refunded and refund you. Full details of requirements are noted on page 5.
Payment Terms – Payments can be made by Cash, Same Day Bank Transfer, Debit Card or Bank Draft. Payment will need to be received by 5pm Tuesday following the Auction. Same day bank transfers will need to be received in our bank account by this deadline also.
Collection of goods – Only when payment has been made in full and you have received a ‘paid in full invoice’, can assets be removed from the premises. All assets must be paid for in full and removed from the premises by 5pm Wednesday following the auction. If not collected, there will be a storage charge of €20 per lot purchased per day. All necessary equipment, labour etc for removal of assets from the premises will need to be organised and paid for by the purchaser. Material handling equipment with a driver will be available. Irish Machinery Auctions or any person working for or on behalf of either company will be responsible for any loss or damage to goods during or after the auction or during loading or transportation. Loading may be refused at the discretion of Irish Machinery Auctions.
Logbooks – Please note some of the vehicles and machinery have never been used on the road so there will be no log book or paperwork supplied when purchased. The onus is on the purchaser to register, if needed Vehicles that haven’t been already road registered.
Important Notes – ALL ASSETS ARE SOLD AS SEEN. Purchasers must satisfy themselves with the condition of the assets before bidding on them. All assets are sold with all faults, imperfections and errors of description. No warranties are given or implied, and no complaints will be entertained.
Great care has been taken to ensure the catalogue is accurate, however the auctioneers and their staff shall not be held responsible for any errors or mistakes made in relation to quantities, descriptions or measurements. It is the responsibility of the purchaser to inspect and satisfy themselves with the lots.
The auctioneer reserves the right to reject or refuse any bid without reason. No bidding shall be retracted by the bidder. The auctioneer reserves the right to bid on behalf of any vendor.
Terms and conditions in detail are available from the Irish Machinery Auctions reception on request.
If you fail to agree to any of the terms and conditions you will be liable for any loss of commission etc on the resale of the lots you have purchased
- In order to bid at any auction, bidders will need to have registered their details at the registration office and placed a deposit to the value specific to that auction, noted on the specific auctions terms and conditions. This deposit will be fully refundable if no goods are purchased.
- If a bid is placed less than the reserve set by the vendor, this will be a ‘provisional sale. The office will then inform the vendor of the highest bid reached, and they will be given the option of accepting or declining the bid
- The auctioneer reserves the right to reject or refuse any bid without reason.
- The highest bidder of each lot will be the purchaser, and therefore will be required to pay the jammer price, plus commission and any VAT. If there is a dispute, the auctioneer will have absolute discretion to settle the dispute or to re offer the lot.
- All goods purchased shall be paid by COB the day following the auction, unless otherwise specified in the specific auctions terms and conditions. Only when payment has been made in full and you have received a ‘paid in full’ invoice, can the assets be removed from the premises. Where these goods are not collected by the auction deadline, there will be a storage charge. All necessary equipment, labour etc for removal of assets from the premises will need to be organised and paid for by the purchaser.
- Any goods left on site are done so at the risk of the purchaser (following the auction) and vendor (before the auction and if goods are not sold at auction) for loss, damage or destruction thereby arising.
- Irish Machinery Auctions reserve the right to re sell without warning any items unpaid 6 days after the sale. On these occasions, your deposits will be forfeited, and you will be liable for all associated costs including lost commission, costs of resale and shortfall on subsequent sale.
- The auctioneers are prepared to accept commission bids on behalf of intending purchases who are not able to attend the auction. These bids will be required to be given in writing, and will be free of charge. These purchases will be subject to the same commissions, and terms and conditions as any other purchasers.
- The purchaser shall be liable for any damage done to the premises on removal of goods from the premises.
- The auctioneer or the vendor do not accept responsibility for duties (if any) by the Health & Safety Act 1974 or any other statutory provisions, and responsibility will be held by the purchaser to ensure that all the statutory requirements are complied with.
- Health and Safety regulations require that any persons under the age of 16 years to be accompanied by a parent or guardia
- All purchases must be made by Cash, Same Day Bank Transfer, Debit Card or Bank Draft. Payment will need to be received by 5pm the day following the auction. Same Day Bank Transfers will need to be received in the companies bank account by this deadline also.
- We advise purchaser's to inspect the assets before bidding. All assets are sold with all faults, imperfections and errors of description. No warranties are given or implied.
- Great care has been taken in ensuring the catalogue is accurat, however the auctioneers and thier staff shall not be held responsible for any errors or mistakes made in relation to quantities, descriptions or measurments. The purchaser is deemed to have acquainted themselves with thier purchase before bidding and therefore no concessions will be made for any fault, damage or error discovered after purhase.
Exporting Goods Purchased at Auction Within The E.U.
If purchasing goods at auction that you wish to export out of the country you will need to provide the following paperwork to the office:
- Company Name and Address within Th E.U
- Company VAT Number on Headed Paper
- Photo ID for Managing Director
- Proof the goods have been exported from the country
In the case of goods exported by the supplier, i.e. where the supplier uses his or her own vehicles to transport goods outside the EU and ownership is transferred to the purchaser there, the third copy of the export declaration form (SAD) certified by Customs will normally suffice.
In the case of goods exported by sea by a carrier acting on behalf of a supplier, the supplier should ensure that he or she obtains from the shipping company a copy bill of laden or certificate of shipment or shipping advice, as appropriate.
In the case of goods exported by air by a carrier acting on behalf of a supplier, the supplier should ensure that he or she obtains from the airline concerned a signed copy of the waybill with flight details added.
In the case of goods exported by post the supplier should obtain certificates of posting from the post office of dispatch. If it is a trader’s practice to use a post book the trader should have it properly stamped by the post office of dispatch.
In all cases the full name and address of the consignee must be clearly shown.
You must pay your invoice IN FULL INCLUDING the VAT and once all the above paperwork is supplied, verified by the revenue and we have been refunded, you will be refunded the VAT amount in full. WE DO NOT REFUND THE VAT TO YOU UNTIL WE HAVE BEEN REFUNDED. If you have queries please contact our office.