How to Buy & Sell | Honest John

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How to Buy & Sell

Auction Warranties

Auction houses usually charge a 'buyer's premium', which is higher for the public than the trade. If the car is described as 'with warranty', this will include limited cover warranting title to the car, described condition, and mileage if the vendor has warranted this. The condition warranty usually only lasts to close of business on the day of the sale, so if you can't pay straight away and test-drive the car on the day you can't return it under this warranty. If the car is described as 'without warranty' or 'as seen', the only guarantee is your title to the car.

'Buyer's premiums' have risen over the past few years, and for a £20,000 car could be as much as £500, so check this carefully before starting to bid.

You also now have to supply proof of your name and address and allow the auction house to send the change of registration to the DVLA. Naturally you have to pay a fee for this on top of the DVLA charge.