Private Treaty Sales Help
What is a private treaty sale?
The term "private treaty" means simply that an asset is being sold without the help of an auction. The sales process is an asset disposal by private negotiation or the submission of an offer, subject to terms & conditions, and is most frequently used for the sale of a single asset. A guide price may or may not be provided.
How do I obtain information regarding an asset?
A full asset description, including make, model, specification and age, as well as photographs is displayed on the Private Treaty sales section of the website.
Should you require any further information regarding any asset offered for sale, please contact us.
How do I view the equipment?
We strongly recommend all customers view any items they wish to purchase before completing a sales transaction.
All assets are generally available for viewing during office hours Monday to Friday, strictly by appointment only.
How do I make a bid?
Bids initially can be made verbally however in order for a bid to be accepted we require the offer to be confirmed in writing, either by e-mail or fax. We would strongly recommend that you inspect the goods prior to confirming your offer in writing.
If your offer is successful you will be issued with a “Request for Payment”. Payment must be made in full within seven days unless otherwise stated on the payment request. Unless prior arrangements have been made with ourselves, should payment not be made by the stated deadline, we reserve the right to resell the goods to another party.
Accepted payment methods are:
- Bank Transfer
- Bankers Draft
Please note that we must be in receipt of cleared funds prior to the collection / removal of any goods.
All invoices are subject to sales tax at the prevailing rate. For sales made in the UK, VAT is currently charged at 20% on the agreed price and the buyer’s premium (if applicable). If goods are subsequently exported from the UK, VAT can be refunded on the hammer price providing sufficient proof of export is supplied to ourselves. Please note the VAT cannot be refunded on any buyer’s premium as it is recognised by HM Revenue & Customs as a service charge within the UK.