Manor & Street Motor Car Auctions

Buying a Car

Selling a Car

Why Sell at Auction?

Motor Car Calendar

Motor Car Classifieds

Bank Letter of Guarantee (sample)

Bid Pre-registration

Buying a Car

If you are new to the auction bidding process, you may be unaware of the

procedures and obligations you will be responsible for before

you are allowed to bid at a Manor & Street auction. We strongly

encourage anyone interested in bidding to read and understand all of the terms

and conditions of bidding as published online, or on the reverse side

of our bidder's registration form. When registering to bid, all

applicants must include with their signed agreement an irrevocable bank letter of guarantee certifying funds available

for purchase to a maximum allowable

limit. Acceptable methods of payment are cash, cashier's

check, certified bank check, or personal/company check. If you are unfamiliar with

the bank letter of

guarantee, a sample letter has been

provided (see pagelink above) for you to print off

and give to your banking representative for

reproduction on official bank letterhead. Be sure

to have the letter notarized, or it will not be accepted. Cashiers

checks must be made payable to Manor

& Street, LLC. Cash bidders will

be asked to leave a 10% deposit at the

time of registration.

Since all vehicles are sold [AS IS,

WHERE IS, WITHOUT WARRANTIES OR GUARANTEES OF

ANY TYPE], bidders should be prepared

to thoroughly inspect any car they are interested in

prior to bidding. Under auction law, the bidder becomes

the legal owner of the vehicle

when the auctioneer says 'sold.' As the officially

recognized purchaser of a car, the successful bidder

is legally bound to tender full payment to

the seller or representative thereof on sale day regardless

of any differences, faults, or problems encountered with the

car after purchase.

After successfully completing

the bid registration process, you will be issued an

officially numbered Manor & Street bid card. To place

a bid at auction, simply raise your bid card until the

auctioneer acknowledges you. If nobody tops your bid, the

auction hammer comes down, and the vehicle is yours

(subject to acceptance of bid by seller for vehicles with reserve price). Consider

pre-registering to bid, and avoid long lines at the

auction. By printing out and mailing a

signed copy of the pre-registration form (see link above), along

with an original Irrevocable Bank Letter of

Guarantee, you can have your bid card waiting

for you when you arrive at the auction. It's

easy and simple.

If you are the

successful bidder, a Manor & Street clerk will

approach you and ask you to sign the

purchase ticket (a 5% buyer's fee will be added to

the bid price along with any applicable taxes). You

will then be asked to make payment for the

vehicle at the settlement office. Payment should

be made in full within sixty (60) minutes of purchase

or a forfeiture of the vehicle may be affected to allow

time for the vehicle to be reintroduced over

the auction block.

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