Applies to every online and physical AEXPRESS auction.
Bidders register with valid KYC and pay a refundable security deposit (RSD) of ₹10,000, and an event participation fee of ₹1 per event.
Vehicles are sold on behalf of the financier on an "as is, where is, whatever there is" basis. Bidders must inspect the vehicle and papers before bidding; no claim is entertained after the bid is placed. Every sale is subject to the financier's approval.
| Vehicle | Fee |
|---|---|
| Two-wheeler | 2% of the bid amount, minimum ₹750 |
| Three-wheeler | 2% of the bid amount, minimum ₹1,250 |
| Four-wheeler | 2% of the bid amount, minimum ₹2,000 |
Pay 10% of the bid amount on the day of the auction and the balance within 7 days. If payment is not completed in time, the sale may be cancelled and the RSD forfeited.
Collect the vehicle within 15 days of full payment. After that, parking charges of ₹50 per day apply.
The buyer is responsible for transferring the registration and insurance into their own name. We help with the financier's NOC and Form 35 where applicable.
Bid rigging, false bids or misuse of another person's account lead to cancellation of the bid, forfeiture of the RSD and a ban from future auctions.
