Classic Car Auctions THE SPRING LIVE ONLINE AUCTION 2021 26th March 2021

146 CCA 26 th March Spring Live Online Auction 2021 classiccarauctions.co.uk price and the prevailing rate on the buyers premium* -- VAT on imported items on the hammer price and buyers premium at the prevailing rate, plus 10% duty on the hammer price* Note * This import VAT is not payable by buyers exporting to the EU. However, import VAT will be due in the country you are importing to. All other lots will be sold using the Auctioneers Margin Scheme (VAT Notice 718/2). VAT will not be charged on the hammer price. THE VAT on the buyers premium will not be split out and cannot be reclaimed by UK VAT registered businesses or individuals. There is no VAT payable on buyers premium for sales under the Auctioneers Margin Scheme where the item is being exported to the EU within 3 months of the auction date. It is the buyers responsibility to provide evidence of export within the time specified. Failure to do so will result in the VAT becoming payable to CCA immediately. 16.3 Further duties and VAT may be applicable on exporting lots from the UK. It is the responsibility of the Buyer to settle these charges. 17. PAYMENT 17.1 Once a lot is sold, the Purchase Price shall become immediately payable to CCA. 17.2 Full payment for all Lots must be made to CCA by 5:00pm the next Working Day. Payment can only be accepted in GBP. Payment should be made by bank transfer. Payment by card can be made in person only (subject to Government Guidelines at the time of collection) as follows: up to £20,000 by debit card and up to £5,000 by credit card. 17.3 No Lot may be collected until the Purchase Price has been received by CCA and payments by a Buyer to CCA may be applied by CCA towards any such sums due from that Buyer to CCA on any account whatsoever notwithstanding any directions to the contrary by the Buyer or his agent whether express or implied. 17.4 Title to the Lot will pass to the Buyer only when the Purchase Price in cleared funds has been received by CCA. 17.5 Immediately a Lot is sold the risk shall pass to the Buyer notwithstanding that possession will not be given and title will not pass to the Buyer before payment of the Purchase Price. 17.6 The Buyer shall, at his own expense, remove the Lot purchased but not before payment in full to CCA of the Purchase Price whether in respect of this or any other Lot. The Lot will be made available for collection from EM Rogers following confirmation of receipt of the Purchase Price by CCA. Full instructions for collection will be provided to the Buyer. 17.7 Cash payments will not be accepted. 17.8 It is the buyers responsibility to comply with all export and import regulations relating to the Lot and to settle and applicable taxes and duties. 18. RESPONSIBILITY FOR PURCHASED LOTS 18.1 The Buyer will be responsible for loss or damage to a Lot they have purchased from when the Lot is sold to them. Neither CCA nor its employees or agents shall be responsible for any loss or damage unless caused by the negligence of CCA, its employees or agents in the ordinary course of their duties to CCA if and in so far as the Lot is in CCA’s custody or under its control. 18.2 The Buyer shall be responsible for all removals, insurance, storage and other charges on any Lot in accordance with clause 14 above. 18.3 DVLA will be notified of the change of keeper as soon as possible following collection of the Lot in accordance with clause 17 above. 18.3.1 Where imported lots are subject to a NOVA declaration being completed, CCA will instruct the import agent to do this on the buyers behalf, once full payment is received, and provide the buyer with the NOVA reference number. These lots will be clearly marked in the Lot description. 18.4 Automobilia, watches & lifestyle Lots that have not been paid and collected by midday on the first working day following the sale will be sent to the buyer at the buyer’s expense. 19. NON-PAYMENT OR FAILURE TO COLLECT 19.1 If the Purchase Price is not paid in full, CCA as the agent of the Seller, shall in its absolute discretion and without prejudice to any other rights it may have, be entitled to exercise one or more of the following remedies:- 19.1.1 to remove, store (either at CCA’s premises or elsewhere) and insure the Lot at the expense of the Buyer; 19.1.2 to charge interest at a daily rate equal to 4% pa over Barclays Bank’s Base Rate on so much of the total amount due as remains unpaid after the date of and time referred to in clause 17.2; 19.1.3 to retain that or any Lot sold to the same Buyer at the same or any other auction of CCA and to release it only after payment of the total amount due; 19.1.4 to apply any money due or to become due to the defaulting Buyer in or towards settlement of the total amount due and to exercise a charge or lien on any property of the Buyer which is in CCA’s possession for any purpose. 19.1.5 take such steps as CCA shall at its absolute discretion consider necessary to collect the monies due from the Buyer, and to agree terms for the payment of the Purchase Price; 19.1.6 to rescind the sale and refund any monies to the Buyer, or to rescind the sale to the Buyer and to purchase the Lot itself. If it does so, property in the Lot shall pass to CCA on its election and CCA shall remit the Purchase Price to the Seller within 14 Working Days of its election less the Seller’s Commission, Expenses and sums due to CCA which would have been payable had the contract not been rescinded; 19.1.7 to appoint a solicitor and/or other agent to pursue