Is SMD auction legit?

Is SMD auction legit?

Do not buy from them… They advertise a vehicle and then it is a total different vehicle than what they advertised on auction. Paid R7500 to get the vehicle to Pretoria only to find that SMD’s vehicle description has an unreasonable error.

How do I buy SMD?

SMD has three sales methods….Sales Methods

1. Come to viewing and see if there is a vehicle for you.
2. Bring your RSA ID (Citizens) or Traffic Register and valid Passport (Foreign Nationals) on auction day to register for the auction.
3. Raise your buyer number when you agree to the price of the vehicle being sold.

How does SMD auction work?

How does it work? SMD has weekly auctions at our auction venues. Registering online for online bidding allows you to bid on a vehicle just as if you were at the auction venue. The auctioneer takes bids from the auction floor as well as online bids coming from you if you are bidding online.

What does Code 3 cars mean?

E-NaTis Codes Code 3 – A code 3 motor vehicle is a code 1 or 2 motor vehicle involved in an accident, and subsequently being declared unfit for use as a motor vehicle.

What is STC on SMD?

Some vehicles are sold with a reserve price, and can be identified where the vehicle is marked Subject to Confirmation (STC).

Is SMD deposit refundable?

Deposits will only be refunded to a buyer if they have not bought anything on a sales channel (Branch Auction or Online Daily Sales) and he/she does not have any outstanding balances towards any purchase.

Can a Code 2 vehicle be insured?

If the car is merely a code 2 then no they won’t refuse you insurance. Be aware, that any vehicle that is auctioned is a massive gamble for an end user.. they auction house has no duty to repair the vehicle if there are major issues.

Can you withdraw from an auction?

It turns out an auctioneer may withdraw the property from sale at any time. But the etiquette is to move the auction along swiftly and sell it to the highest bidder once the price is past reserve.

Do cars buy non runners?

Whether your car runs or doesn’t, We Buy Wheels will offer you the best possible price for your Running, Non-Running or Accident damaged car! And if the car is still owned by the bank, We Buy Wheels will settle the amount and pay you the difference.

How does SMD deposit work?

A deposit is payable to register for a Branch Auction (R 5,000) or take part in a Online Daily Sale (R 5,000), and can be paid by using your ID number or Traffic Register number as a reference by the following methods: Electronic Transfer, Cash deposit.

What is a code B car?

If you have a Code B license, you can: Operate vehicles (except motorcycles) with an unladen weight of 3 500 kilograms or less; and minibuses, buses and goods vehicles with a gross vehicle mass (GVM) of 3 500 kg or less. A trailer with GVM of 750 kg or less may be attached.