If a bid is received a few minutes before an auction closes, the auction will be extended for a further 10 minutes. The charges that may be levied against the consumer are limited in terms of Section 20 6 c of the CPA. Feedback from customers who've used MyCars. Please also consider the impact of the following from an operational perspective: If you have received delivery of the vehicle, you must return it to us.
Accordingly, if Section 20 6 of the CPA is read to be restrictive and to allow for only the charges contemplated to be levied against the purchaser and to deprive the bank of a right to claim material damages suffered , the bank will suffer the loss of any difference diminution in value where goods are returned in a damaged condition; and where a vehicle is damaged by a purchaser and the bank seeks to claim damages, it will be necessary to prove the condition of the vehicle prior to being sold on the auction. Section 20 6 c does not specifically cater for charges to restore goods sold to the condition they were in when sold, but to be fit for re-stocking. If a bid is received a few minutes before an auction closes, the auction will be extended for a further 10 minutes. The Bank does not guarantee a specific condition, state, added features or items of any vehicle. The charges that may be levied against the consumer are limited in terms of Section 20 6 c of the CPA. Please also consider the impact of the following from an operational perspective: Any user making an offer participates in a tender bidding process and the Bank, in its sole and unbiased discretion, and for whatever reason retains the right to accept or reject any offer at any time for whatever reason. Where a vehicle is purchased and is materially damaged during the cooling off period. Neither the Bank nor mycars. Feedback from customers who've used MyCars. If you used the vehicle, we may charge our normal charges for their use, and any necessary restoration charges to render the goods fit for re-stocking. We will return payment that we have received from you within 15 days after: If you buy a car on the MyCars website as a result of that car being offered to you by The Standard Bank of South Africa Limited in a direct marketing campaign, you may cancel any sale concluded on MyCars without reason or penalty, within five business days after the sale is complete or the vehicle is made available for collection, whichever is the later. If you have received delivery of the vehicle, you must return it to us. Any user of this site warrant to be familiar with all its terms and conditions and to abide by it. All vehicles are sold as is. If you wish to cancel any sale during the Cooling-Off period, you must tell us in writing. Information on this website is not warranted to be correct at all times. Should you wait until the last second you may experience a slow internet connection from your internet provider, and may run the risk of your bid not being placed in time.
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