Fees

Our car auction fees for this service

You don’t need to pay us anything until you are ready to go ahead and bid on the car you want, only then do we ask for our fee to be paid! We will provide you with a list of cars including auction prices via email for you to look through.

When you see something you like the look of we then provide more detailed information along with photos and mechanical/condition reports to make sure everything is ok before we bid on the car for you. Our car auction fee covers unlimited bids until a vehicle is successfully won at auction.

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Hammer price fees

Hammer price fees vary very slightly depending on which auction is selling the vehicle and also what information is being provided by the auction for a specific vehicle. These fees are generally the same between the different auction houses.

VAT

VAT is not payable on used cars under the governments VAT Margin scheme. If you are a private or trade buyer no VAT is payable on the final sale price of a car unless the car is classed as a commercial vehicle and fails to qualify for the VAT margin scheme.

For more information on the VAT margin scheme please refer to the governments GOV.UK website.

A typical approximate example of hammer price fees is included below:

  • SALE/HAMMER PRICE: £2400
    BUYERS FEES: £250
  • SALE/HAMMER PRICE: £22000
    BUYERS FEES: £500
  • SALE/HAMMER PRICE: £99000
    BUYERS FEES: £1100

If you require the exact cost of fees for a specific hammer price at any auction please don’t hesitate to contact us and we will provide that figure for you.

Our latest auction purchases

VAUXHALL CORSA-E 0.00 100KW 50KWH SRI PREMIUM (7.4) Hatchback

Apr, 2022

PORSCHE CAYENNE 30.00 E-HYBRID TIPTRONIC S Estate

Mar, 2022

AUDI A1 14.00 TFSI 185 BLACK ED.S-T Hatchback

Feb, 2022

BMW I3 0.00 94AH (REX) Hatchback

Jan, 2022

KIA SPORTAGE 16.00 CRDI 136 48V 3 ISG StationWagon

Dec, 2021

SEAT LEON SC 20.00 TSI 280 CUPRA Coupe

Nov, 2021

MINI COOPER 16.00 S BAYSWATER Hatchback

Sep, 2021

PORSCHE CAYENNE 30.00 V6 SC S E-HYBRID Estate

Oct, 2021

FORD MONDEO 22.00 TDCI 200 TITANIUM X SPORT Hatchback

Aug, 2021

FORD TRANSIT CUSTOM 22.00 TDCI 100 290 LWB LR PanelVan

July, 2021

PEUGEOT PARTNER TEPEE 16.00 BLUEHDI 75 ACTIVE MPV

June, 2021

Mechanical / Condition Reports

Reports about a vehicles mechanical and cosmetic condition

Most vehicles at auction are sold with 2 types of reports to provide more detailed information about the vehicle, these are reports on the mechanical condition of the vehicle and also the cosmetic condition.

When a vehicle is sold with a mechanical report there is an additional small fee added for this report. A typical example would be a BCA essential check, which is a basic mechanical report at a cost of only £9.

A more detailed BCA assured report currently costs £44.40. This includes extra information not provided on the BCA essential check and is only offered with certain vehicles, generally the higher value vehicles for extra peace of mind. If a vehicle is being sold without any reports this does not mean that there is anything wrong with the vehicle.

There is no additional charge for condition reports. Condition reports are generally only available for cars up to 10 years old.

Auction house fees

Hammer Fees

All auction houses charge fees on the final sale price of vehicles at auction, the final sale price is also known as the “hammer price” in the trade. The hammer price is the price that the car sells for on the day at auction. There is also a fee to pay on top of the hammer price, this fee varies depending on which auction house is selling the vehicle.

Get in Touch
SVS Cars, Nottingham, NG15 6DA, United Kingdom
0115 7755 632
07565 665 632
sales@svscars.com