In addition to the cost of the vehicle when sold (known as the ‘Hammer Price’) buyer fees have to be paid. Detailed below is the fee structure for members of the public buying from Manheim Auctions. Please note that for Manheim Account Holders (bona fide motor dealers) different fee structures apply, for details on this please go to Cost of Buying - Trade.

Only Manheim Account Holders and bona fide motor dealers can purchase vehicles online via Simulcast or the ‘Buy Now’ channel (Manheim Direct). For details of these charges follow the link to Cost of Buying - Trade.

It is important that customers are fully aware of all the potential costs associated with buying a vehicle at auction so detailed below are the different elements of buying fees which will apply. For full details on each of the products or services identified below please refer to the Public Buying Guide. Please note that the fees are mandatory unless otherwise stated: *

1. Hammer price — the agreed cost of the vehicle when sold (please note that VAT is in addition to this figure on all commercial vehicles)

2. Buyer’s Premium or Financial Guarantee — the fee payable depends on the value of the vehicle. The Financial Guarantee can represent a significant saving but can only be purchased with photo identification such as a driving licence or passport. Example rates for cars are shown below:

   Vehicle Sale Price (including VAT)	Buyer’s Premium	Financial Guarantee
   £1,000 - £1,499	£248	£190
   £2,000 - £2,499	£284	£220
   £3,000 - £3,499	£310	£239
   £5,000 - £5,499	£342	£263
   £10,000 - £10,499	£414	£320

   The fees are different for vans, trucks, plant and motorbikes. Illustrated below are the rates for vans:

   Vehicle Sale Price (including VAT)	Buyer’s Premium	Financial Guarantee
   £1,000 - £1,499	£257	£198
   £2,000 - £2,499	£297	£230
   £3,000 - £3,499	£323	£251
   £5,000 - £5,499	£359	£276
   £10,000 - £10,499	£425	£318

3. V5c administration charge — of £21.28 + VAT (£25) for the notification to the DVLA of the change of keeper
4. Manheim Assured — check with your local auction centre for details. Applicable only to vehicles which have passed the 15 point check. This will be clearly indicated on the vehicle and be advised by the auctioneer when the vehicle is offered for sale.

5. Payment fees — vary according to the payment method used and apply to the total invoice price on the vehicle. There are no transaction fees for payments made by Cheque, Bankers Draft, Debit Card or Telegraphic Transfer. Fees apply to payments made by the following methods:

   • Cash — 1.25% + VAT handling fee. Money laundering legislation allows a maximum of £8,999 to be paid in this way
   • Credit card — 3% surcharge on all transactions

   For a full schedule of the Buyer’s Premium or Financial Guarantee costs please email us.

   Payment for the vehicle must be made within 24 hours of the auction and the vehicle will only be released on receipt of cleared funds.

   Storage charges will apply if the vehicle is not collected within 3 working days of £5 per vehicle, per day for cars and vans and £15 per vehicle, per day for trucks and trailers.

* Costs effective from May 2010. Subject to change without prior notice.