Buying A Vehicle

Modern Car Auctions Buying Fees:

Indemnity fee – An indemnity fee will be charged on the purchase price of each vehicle. This covers the buyer for a period of three months against the vehicle being stolen, subject to an outstanding finance agreement or an undeclared total loss.

You will be required to pay a deposit at the time of bidding of £200 per £'000.  If you bid provisionally, which means the auctioneer has taken your bid below the reserve price, you are still required to pay a deposit. This is refundable if the vendor refuses to sell at your bid price.  If you are only paying the deposit at the time of the sale, you will need to pay the balance within 48 hours when you are able to collect the vehicle together with the documents.

You can pay by cash or card.  

Fees are detailed below and are subject to vat.

Please Note:  All vehicles sold by Stebbings Used Car Centre, are subject to a higher indemnity fee.  This is approximately an additional £15 (+vat) per vehicle.

Value of the Vehicle(£) Indemnity Fee VAT inclusive
Up to £150 £42
£151 to £250 £58                                      
£251 to £400 £72                                     
£401 to £600 £78                                 
£601 to £750 £88                                 
£750 to £900 £93                                     
£901 to £1000 £98                                  
£1001 to £1500 £102                                
£1501 to £2000 £111                                   
£2001 to £2500 £125                                      
£2501 to £3000 £132                                    
£3001 to £4000 £155
£4001 to £5000 £165
£5001 to £6000 £185
£6001 to £7000 £199
£7001 to £8000 £225
£8001 to £9000 £275
£9001 to 10,000                £295                                
£10,001 to 11,000             £325                      

Each £'000 thereafter £20