Be very careful
Vehicles sold at auction may be cheaper, but they also present the most risks. The vehicle is not covered by a statutory warranty and generally, the auction house will not permit you to test drive it. However, they must allow a viewing of the car at certain times during the week prior to the auction day. They should also allow you to inspect the car yourself or have it inspected by a car inspection company.
Know the terms of purchase
Most auction houses require a down-payment of around 10 per cent or $500 at the fall of the hammer. Payment is usually in cash, credit card, bank cheque, or funds transfer within 24 hours after the auction ends. Most cars are sold "as is/ where is" meaning that your money will not be refunded if the car has any problems. Only under certain conditions will you be offered a warranty period.
Check the paperwork carefully
If there are number plates attached to the vehicle, you must be given a safety check report, that is not more than one month old, that states that the vehicle is fit for registration. (If the vehicle has been registered within the last month, you do not need a safety check report.). At the time of purchase, you should be given a receipt and the completed transfer of registration forms. The auction house is also responsible for ensuring that no money is owing on the vehicle and no other party can claim a financial interest in it.
Register the vehicle
After you purchase the vehicle, you must visit a Motor Registry within 14 days to transfer ownership of the vehicle to your name. If the vehicle is not registered, you will need a safety check report (pink slip) and a "green slip" (Compulsory Third Party Insurance) before you can register it. More information is available from the RMS Customer Service line on 13 2213 in Sydney and Wollongong or from your local Motor Registry.
Below is a list of the locations and times for the major car auctions in Sydney.
AUCTION DAY TIME
Alliance Auctions, Moorebank Thur 6.30pm
Auto Auctions, Guildford Tue, Thurs, Sat 10.30am & 12.00pm
Carnet Auctions, Chullora Wed & Fri 10.30am & 6.30pm
Carnet Auctions, Smithfield Wed & Fri 10.30am
Independent Motor Auctions Tue, Thur, Fri 9.30am, 10.00am, & 6.00pm
Manheim Fowles Auctions Tue 12.00pm
Pickles Auctions Mon, Tue, Wed 3.00pm & 9.30am
The Motor Auction
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