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Process
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How Does It Work?
Frequently Asked Questions
Who can sell a vehicle?
Any dealer or private seller can list a vehicle for sale. You only need to register a free account with Woodford Bid.
What vehicles can I sell?
Any type of motorised vehicle can be listed, including trucks, cars and motorbikes. Runners and non-runners are both accepted.
What is the maximum age of vehicles accepted?
We accept any vehicles up to 10 years old.
How are the vehicles sold?
We list the vehicle on our regular weekly auctions, and the highest bidder at the end of the auction will be obligated to purchase the vehicle from you. You can set a reserve price, which is the minimum price at which you're willing to sell, and the vehicle will only be sold if there is a bid that reaches the reserve price.
Am I guaranteed a sale?
The likelihood of making a sale depends on the reserve price you choose. We provide a TransUnion® valuation of the vehicle to use as a guide in setting your price. You can set any price above or below this, but high prices are less likely to make a sale.
Is there a maximum sale price?
No, there is no maximum. If there is huge demand for your model, you could secure a sale price much higher than you would on other platforms.
What are the costs?
Woodford Bid charges a flat fee of R2,500 ex VAT per unit sold. There are no other fees. Winning bid amounts are VAT inclusive and no additional surcharge or bidding fee is included. There is no fee for an unsold vehicle.
How is the sale concluded?
The payment and the transfer of the vehicle are handled directly between you and the winning bidder. If you have a winning bid, we will provide contact details of the bidder and you can arrange payment and transfer directly. The winning bidder will have the responsibility of collecting the vehicle at their own expense.
How is the vehicle collected?
The winning bidder will have the responsibility of collecting the vehicle at their own expense.
Can I set or change the pricing?
You determine the reserve price on the vehicle, which is the minimum price you'll accept for a sale. You can also choose the price at which bidding will start - setting a lower starting price can sometimes help to create interest. Once the auction starts, you can still edit the reserve and starting price while there are no bids.
What happens if there was no winning bid?
At the end of the auction, we will notify you whatever the outcome. If the reserve price was not met, or if there were no bids, you'll have the option to re-list the vehicle, at any price you choose. There is no fee for an unsold vehicle.