Quote Slab
0-8L
8-10L
10-15L
15 L+
Note: Please Physically Inspect To Be Sure Of The Extent of Damage To The Vehicle Before Putting Your Bid As No Request For Amount Revision At The Time Of Lifting Of The Vehicle Will Be Entertained.
"All the auctions are subject to approval from sellers"
"All The Vehicles Are Sold As On "As And Were Basis
Dear Partner,
As entire world is suffering from corona pandemic and the Government is taking required measures and even changing very frequently. As of now lock-down is declared in multiple District States across India, so lockdown days would not be considered as working days for lifting.
Buyer have to accept the approvals coming in Lockdown and Lifting needs to be done within 3 Days, excluding the lockdown days.
Lockdown will be considered according to location of vehicle, not according to location of buyer, so please bid in other location vehicles accordingly.
If buyer fail to lift "approved vehicle" within above timeline, it will be considered as back-out.
For DL Registered Without RC/paper vehicle After lifting of the scrap It will be Buyer's responsibility to arrange an RC surrender/ Scrap letter from the Delhi Transport Department/RTO.
Buyer has to honor the Bid made in auction. If Approved, Lifting needs to be done within 3 Days. However, this TAT of 3 days may vary, on a case to case basis, depending upon the request of the insurance company and shall be binding upon the buyer for such cases. For such exceptional cases CarVyapaar will clearly communicate to the wining buyer at the time of sharing the approval.
Buyer will get only RC Photocopy copy at the time of lifting.
All original docs such as (RC, TTO set, Owners KYC shall be handed-over at the time of Ownership transfer (Post receiving photos of repaired vehicle and End purchaser details along with his KYC) will be provided by CarVyapaar/Insurance company as and when buyer will share photos of repaired vehicle and details of end user.
It Is Mandatory For The Buyer To Get The Ownership Changed Within 3 Months From The Date Of Lifting And He Needs To Provide The Repaired/Under-repair Photos And Vehicle Location On Every 15 Days To CD Team And Failing which Will Lead To Security Deposit Forfeiture/Deactivation Of ID and Cancellation Of RC/Ownership Change At Buyer Name For The Said Vehicle.
Buyer have to give notarized affidavit/sale agreement on Rs 500/- stamp paper in each case for with RC and for without RC vehicle scrap letter which is prepared Rs.100 Stamp paper with notarization
Auction Is Post-Approval. Your Quote Shall Be Valid For A Minimum of 30 Days From The Auction End Date in with Papers cases and 60 days in without Papers (Scrap) cases.
Once the Quote Is Approved, Buyer needs to deposit CD service fee within 1 Business Day of CD sharing the approval with him/her.
CarVyapaar will Provide DD Title/Insured Details Only after Receiving the CD Service Fee.
Buyer Has To Deposit Complete Approved Amount To Financer/Insured/CarVyapaar. No Amount shall be withheld by said Buyer on any account
If The Winning Buyer Fails to Submit Full Service Fee in 1 Business Day, CarVyapaar Reserves the Right to Offer the Deal to another Buyer with our without intimating him about the same.
Buyer Have To Deposit NOC/CD Fee/Security/Advance/Any Payment Related To Auction Only Via NEFT/Online Mode. (Any Cash Deposited Will Not Be Refunded under Any Circumstances)
Buyer needs to Inspect the vehicle physically before putting the bid in auction and to be sure about extent of damage in vehicle, as No request for quote revision will be entertained post bidding/approval/at the time of lifting.
Fees Will Be Based On Percentage of the Final Salvage Value as Per Below Slab and Minimum Fees Will Be Rs. 1000.
| Quote Slab | Proposed Fee Slab |
|---|---|
| 0 - 10L | 4% |
| 10 - 15L | 2% |
| 15L + | 1.50% |
