Auction Bidding Service
Cape Plates attend all of the various DVLA and DVLNI auctions throughout the year, and can act on your behalf if needed.
You will see that each registration is listed with a reserve price - this is the opening bid price and unfortunately, none can be purchased prior to the sale - they are each sold to the highest bidder on the day.
Cape Plates charge a commission of 10% + VAT (min £99 max £400 + Vat) of the hammer price to secure your registration at auction. This fee is self financing - consider how much would it cost you to take a day off work?, travel to the auction?, spend money on overnight accommodation? (if your lot is being sold early or late in the day) If we don't secure your registration at your bid price, we don't charge a commission.
It is possible to also have a live phone link for you on the day to increase your bid in real time with our representative.
Registrations purchased can either be transferred onto your waiting vehicle, or supplied on a DVLA retention certificate.
We also only act for one bidder per registration, so there is never a conflict of interests. As soon as we receive a bid request, we remove your registration from our website.
It is important to set yourself a limit before you bid and then to stick to it. When doing this, please bear in mind that the sale price (also called the "Hammer Price") is subject to VAT, the Auctioneer's Buyer's Premium (+ VAT) together with the Assignment Fee.
Hammer price = £1,000
VAT on Hammer price @ 17.5% = £175
Buyers Premium @ 7.5% = £75.00 (This is the Auctioneers fee)
VAT on Buyers Premium @ 17.5% = £13.12
DVLA Transfer fee £80
Total Auction Price Payable = £1316.25 (+ Cape Plates commission)
We look forward to receiving your instruction, and if you require any further information please do not hesitate to get in touch.