Classic car

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FAQ's

How do I register to bid?

You can complete the registration process in person, by creating an account on our website or by completing an absentee bidder form available here. For online bidding, you can do this for free on our website by registering an account and clicking on the bid live button. Alternatively, you can register with our online bidding partner The Saleroom.  There is an additional charge of 1% plus VAT when buying with our online partner.  However you choose to bid, to complete your registration and comply with money laundering regulations you will need to provide one form of ID. You can upload this via your account on our website or via our Secure portal  https://secureportal.classiccarauctions.co.uk/ 

How much does it cost to buy a car at an auction?

Buyer's premium is charged at 12.5% plus VAT (15% incl. VAT) on the hammer price.     Some lots may be VAT qualifying and subject to VAT on the hammer. Some lots may have been brought into the UK on a temporary admission and therefore import VAT will be due the hammer. price and buyer's premium. These lots will be clearly marked in the catalogue. Any lots that are not VAT qualifying will be sold using the Auctioneers Margin Scheme (VAT Notice 718/2). VAT cannot be split out on the invoice and cannot be reclaimed by UK VAT registered businesses or individuals. There will be no VAT payable on the buyer's premium on purchases under the Auctioneers Margin Scheme if the lot is being exported to the EU within three months of the auction date and proof of export is provided. Further duties and VAT may be applicable on exporting lots from the UK. It is the responsibility of the buyer to settle these charges.

What about VAT?

Some lots may be VAT qualifying and subject to VAT on the hammer. Some lots may have been brought into the UK on a temporary admission and therefore import VAT will be due on the hammer price plus buyer's premium. These lots will be clearly marked in the catalogue. Any lots that are not VAT qualifying will be sold using the Auctioneers Margin Scheme (VAT Notice 718/2). VAT will not be charged on the hammer price. The VAT on the buyers premium will not be split out on the invoice and cannot be claimed by UK VAT registered businesses or individuals. There will be no VAT payable on the buyers premium on purchases under the Auctioneers Margin Scheme if the lot is being exported to the EU within 3 months of the auction date and proof of export is provided. Further duties and VAT may be applicable on exporting lots from the UK. It is the responsibility of the buyer to settle these charges.