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Selling vans at audion
Page 70
Page 71
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Auctions can provide a stress-free alternative for small businesses when it comes to van disposal. British Car Auctions explain the process.
Asmall business that runs a van as a means to an end will often have a vehicle that is wholly owned but not in the best of condition.And when the company decides to replace the van, whether it is looking to get as much as possible or simply to offload it at any price, it usually does so through part-exchange or private sale.
But British Car Auctions suggests this sort of seller should put in some research and use auctions to improve its return.
Duncan Ward, UK business development manager for commercial vehicles, says selling an old work van not be a case of sticking a 'for sale' sign in the window and hoping for the best.
"The auction company handles all the pre-sale marketing, appraisal and valuation,vehicle preparation and the transaction itself, leaving you to get on with the day-to-day running of your business," he says.
Sell it fast
"And because you can sell your van quickly, you can get cash back to the bottom line within a few working days." The van needs to be delivered, or collected from site, with registration details, MoT, servi ce history (if possible) and V5.The entry form —a legally binding document giving the auctioneer permission to sell the vehicle for the vendor —includes details of make, model and specification.
In return BCA can suggest a sensible price. "We handle well over a million vehicles every year and have current price data for a huge range of vehicles," says Ward.
Preparation can include trade name deletion, retail-standard valeting and SMART repairs.
Once sold to the highest bidder. BCA takes care of payments and VAT. A cheque— minus the commission and charges —should arrive in a few working days.•