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perfec - SMA Leeds Limited

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Questions & Answers<br />

Q<br />

A<br />

Q<br />

A<br />

Q<br />

A<br />

Q<br />

A<br />

What are Reserve Prices?<br />

Reserve Prices are the minimum prices at which lots<br />

will be sold. All reserve prices are clearly shown in<br />

the catalogue for every auction. Please note that<br />

these do not include the additional charges of VAT,<br />

Buyer's Premium and Assignment Fee.<br />

Where does the bidding start?<br />

Bidding normally starts at the Reserve Price and the<br />

auctioneers will seek to take bids from the auction<br />

hall first. The exception to this is where there are<br />

two competing Absentee Bids, in which case bidding<br />

will start at one bid (usually £100) more than the<br />

lower Absentee Bid. Where there are two identical<br />

Absentee Bids, the auctioneer will accept the one that<br />

was received first.<br />

What bids will the auctioneer take?<br />

Bids increase by a minimum of £50 where bidding is<br />

below £1,000 and by £100 where bidding is above<br />

£1,000. If the reserve is £2,012 the next bid will be<br />

£2,100.<br />

What happens to registrations that do not reach<br />

their reserve prices?<br />

The auctioneer will not accept any bid on a<br />

registration that is below the published reserve price.<br />

If a registration does not receive a bid at reserve<br />

price or above, it will be declared as “Unsold" by the<br />

auctioneer.<br />

The DVLA may, at its discretion, include such<br />

registrations in future auctions without prior notice.<br />

Contact DVLA immediately at the sale or afterwards<br />

if you are interested in any unsold registrations.<br />

Q<br />

A<br />

DVLA Personalised Registrations I Issue 3<br />

Can I place a DVLA registration on a vehicle<br />

registered in Northern Ireland?<br />

Registration numbers can be purchased from the<br />

DVLA if you live in Northern Ireland. However, the<br />

personalised registration must firstly be assigned to a<br />

vehicle registered to a mainland Great Britain<br />

address; this can be accomplished by adding a<br />

nominee (who lives in mainland GB) to the<br />

certificate at the time of purchase. The nominee<br />

should assign the personalised registration at a<br />

mainland DVLA Local Office.<br />

Once the paperwork is completed and they have<br />

received the new V5C in the personalised number,<br />

the registration can be transferred to your vehicle in<br />

Northern Ireland. There is currently an<br />

administration fee of approximately £80 to do this.<br />

For further details on the transfer process you can<br />

call the DVLA Vehicle Enquiry unit on 0300 790<br />

6802 or alternatively email DVLA via<br />

www.direct.gov.uk/emaildvla.<br />

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