Payment Auction Cars

Deposit

Prior to bidding we require a deposit of 15% of the guide price of the car(s) you would like to purchase. We can accept deposits up to £5,000 by Paypal.
Why Paypal? We use this service as it has grown to be accepted globally for moderately sized financial transfers that need to be processed quickly. From most countries your Paypal transfer will be complete within 1 hour unlike the banks which can take up to 3 days.
This is especially useful if you find a car at Auction that is coming up for sale within a few days.
Another advantage of using Paypal is that we can issue a cost free refund if your Bid is unsuccessful.
How is a refund credited?

Paypal refund policies state the following:

  • If the sender used their PayPal balance or bank account, the money will be refunded to their PayPal account balance
  • If the sender used their credit or debit card, the money will be refunded to their card. This may take up to 30 days to appear on the card statement
  • For payments funded partially by credit or debit card and partially by balance, PayPal refunds the card portion back to the card and the remainder to your PayPal balance
  • And most importantly, the refund will be credited to the sender in the currency of the original payment, using the same conversion rate used for the original payment.

If you do not want to use Paypal to pay your deposit you are welcome to send it to us by Telegraphic Transfer (TT) please contact us for further details.  Unless you are using your deposit to make multiple purchases we will offset your deposit against the total acquisition costs of your vehicle.
Unfortuantly if your (TT) deposit needs to be returned because your bid was not successful and you do not wish to bid on further vehicles, we will have to deduct bank transfer charges, and the return will be made in sterling (GBP).

Paypal Refund Policy


When your Bid is Successful

We will send you an invoice for the full purchase price of the vehicle including, auction fess internal transportation costs** (if any), our buying commission* and international shipping charges***.
Included with the invoice will be details of where to send the payment.
Payment needs to be sent within 48 hours of the Invoice date.

If you would like to set the Paypal deposit against the purchase price we will then have to pass on Paypal’s transaction commission of 1.4 - 1.9% to you. You will probably also find that the foreign exchange rate they have charged is not as competitive as the rate you will get from your bank to complete the whole transaction.

Bid Unsuccessful

If your bid is unsuccessful, you can either leave your deposit in our system and use it to bid on another vehicle or we will return it to you.
If you have still have a Paypal deposit in our system it will be returned within 60 days from the date it was sent to us. If you would like to continue bidding for vehicles we will ask you to send us a fresh deposit via Paypal.

Example Paypal Deposit.

Guide price = £12,500.

You pay a deposit of £1,875 by paypal.

Bid Successful, wining bid          = £12,200.

Auction fee                                 = £542

Rhdimports.com fee                   = £488

Internal transportation costs** = £100

Total                                           =£13,330

Your deposit of £1,875 will be returned via Paypal once we have received your full payment of £13,330 unless you would like to leave your deposit in our system for up to 60 days to make further purchases.

Example Telegraphic Transfer Deposit.

Guide price = £12,500.

You pay a deposit of £1,875 by telegraphic transfer.

Bid Successful, wining bid          = £12,200.

Auction fee                                 = £542

Rhdimports.com fee                   = £488

Internal transportation costs** = £100

Total                                           =£13,330

 

You pay £11,455 within three days, if you would like to leave your deposit in our system to purchase further vehicles you would pay £13,300

 



*  Minimum £300 or 5% of hammer price.

** Depends on Auction location, Car is driven from Auction centre contact us for pricing.

*** Depends on your location.

CLICK HERE FOR CAR PRICE ESTIMATES




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Registered in England No 7875865. Registered office: 3 Scarborough Drive, Croxley Green, Rickmansworth, WD3 3FW. Vat No. GB 127076225.


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