Introduction
This explains the idea and workings behind our 'Price Fall' scheme. This is sometimes known as an Uniform Dutch (Flower) Auction or Reverse Auction. The principal is the same. A vehicle offered in our 'Price Fall' scheme will have its initial set price reduced by a set amount until a sale has been agreed at the price stated on that day.

Working Days
The initial starting price will be reduced according to the set indicated working daily rate. A working day is defined as Monday to Friday from 08:00 to 18:00 UTC/GMT (09:00 to 19:00 CET) excluding public and religious holidays.

Other Days
Weekends (Saturday & Sunday) and public or religious holidays applicable to where the company operates (Cologne) do not count.

Times Applicable
The working day period from 08:00 to 18:00 UTC/GMT has 600 minutes. The daily set rate will be divided into minute increments. For example if the daily rate is set at €60 then the rate of fall per minute would be €0.10 or 10 cents.

Amount
The daily price drop amount will be stated clearly at the outset on the starting price. The price drop normally applies to the German VAT (19%) inclusive price where applicable.

VAT
VAT qualifying vehicles may be supplied net of (without) VAT to valid VAT registered bodies outside of Germany or for export out of the EU. Private individuals within the EU outside Germany may have vehicles that are still new (NMT - New Means of Transport i.e. < 6 months and < 6,000 km) supplied with the German VAT refunded once VAT has been shown to have been paid in their home country (country of destination).

Currency
Euros will prevail other than when an alternative currency is specifically stated. Payment may be made in other currencies as agreed.

Agreement to Purchase
Once a decision to order has been made by a client (you) to purchase the vehicle offered at the prevailing price and this is accepted (by us), then the vehicle will be provisionally placed as "reserved" and will be withdrawn from the scheme.

Time & Price Struck
The time and date of the of the offer to purchase will be recorded by us and confirmed back. The date and time will determine the price stuck based on the preset rate. If it is done by telephone, then the prevailing time will be advised at first verbally and confirmed in writing. If this is sent by e-mail, the date and time of receipt recorded by us will advised back.

First Come - First Served
Should in the unlikely event more than one client wish to purchase the vehicle offered at the same time, the one who first confirms the offer to purchase in writing via e-mail to us where the receipt time and date is recorded by us, shall have priority.

Failure to Complete
Should an order fail to be completed, then the vehicle may be re-introduced into the scheme either at the last published price or at a fresh one at the discretion of the Company.

Notifications - Bids
Advance notifications or bids to purchase at a future price/date/time will be examined and taken into consideration and recorded. The date and time corresponding to the price will be advised. We shall endevour to notify nearer the time if the vehicle is still available. However, the onus remains on the prospective client to check on its status accordingly.

Client Supplied Vehicles
Vehicles on the scheme that are not our own stock where we act as a broker for our client who is the supplier, will be indicated as such. We shall assist with the contractual and logistical arrangements, but the onus to accept the offer remains with the supplier.

Miscellaneous
The Company introduced this scheme in 2009 and reserve the right to amend the conditions, price, price drop rate, period, timing at any time without notification. Any disputes may be resolved in the court of the jurisdiction of the Company. Errors and omissions will be excepted (e&oe). 

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