RM Auctions: Automobiles of London

Please ensure that you have read and understood these terms and conditions prior to bidding at this or any other RM sale. 1. All sales are final. No bidder may retract a bid made during the sale for any reason. 2. Final bid price does not include 13% buyer's premium or applicable taxes on each lot purchased. Proof of tax exemption is buyer's responsibility. 3. All payments must be in the form of cash(In House Only) or certified funds unless other arrangements have been approved in advance. Cash(In House Only) payments will be reported according to Federal government requirements. 4. All sales are "as is" and "where is". Bidder is responsible for inspections and verification of condition, authenticity, and completeness of any item purchased. No warranties or representations of any type whatsoever are made by RM. Buyers are strongly encouraged to conduct their own evaluation and inspection. Any announcements made at the time of sale supersede any earlier printed information. 5. Bidder authorizes RM Auctions, Ltd. to authorize the credit card number provided for £2000 GBP. Should a bidder default on payment in any manner whatsoever, without limiting any recourse RM Auctions, Ltd. may have, bidder agrees to pay RM Auctions, Ltd. all lost auction fees (which is the maximum published rates for (1) the seller's commission, (2) the buyer's premium, and (3) the entry), this amount is due and payable without relief. 6. Person bidding online must be 21 years of age or older. No minors are allowed to bid. 7. If buyer is picking up items or using another shipping company other than the RM recommended company, Buyer is responsible for removing items from the auction location by Thursday, November 1st at 12:00 noon. Buyer is responsible to pay for the removal of items from the site, packing, shipping, handling and insurance of any items purchased. If buyer is unable to provide RM with the name of a transportation company within 24hrs of the purchase then RM will release the lot to the on-site shipping company. Buyer will pay RM direct for the lots, buyers fee and any applicable taxes and pay the shipping company directly for their services. 8. The auctioneer reserves the right to rearrange, separate, exclude or withdraw any lot without giving a reason. 9. If buyer sues RM Auctions, Ltd. and does not prevail, buyer will reimburse RM Auctions, Ltd. for all legal fees and expenses in connection with said suit. 10. All terms of sale posted on the auction premises, printed in sale brochures or forms, publicly announced, communicated via the eBay bidding applet or otherwise published are incorporated herein by reference.

Since the sale is conducted in England, VAT on the buyer's premium at the rate of 17.5% will be collected by RM and remitted to HM Customs Excise. For example, a tax paid automobile purchased for a hammer (block) price of 100,000 will be invoiced at 111,750 (100.000 purchase price 13,000 buyer's premium 2,275 VAT on the buyer's premium.

RM Auctions usually auctions automobiles at the rate of 20 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. RM recommends placing a realistic absentee bid now as insurance to help avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also re-open a lot after the close of the eBay live bidding (usually because of a missed audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that RM Auctions may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Since eBay bids are not shown to us until we open the lot on the floor, we treat those bids just like floor bids. In most cases the floor responds before the eBay bid is presented to us, due to Internet lag time, so for consistency we have made it a policy that floor bids are always considered first over tie eBay live bids. Also please note that all RM Auctions lots purchased through eBay Live carry a 13% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid. This lot is being auctioned in conjunction with a live floor auction by RM Auctions, Ltd. All final auction and invoice information will be supplied by RM Auctions, Ltd., and all other information should be considered preliminary. Winning Notification and Billing: After the FINAL session in this auction is complete, RM Auctions will send e-mail invoices. This process normally takes up to two days. All final auction and invoice information will be supplied by RM Auctions, Ltd., and all other information should be considered preliminary. This auction will be conducted on a live auction floor and over the Internet through eBay Live. If you choose to place an absentee bid, please take a moment to learn how eBay Live absentee bidding works by visiting a hrefhttp:pages.ebay.comliveauctionshelpbeforelaabsentee.htmleBay's websitea.