| 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.
Period
The price advertised will be reduced usually at the weekend until either
sold or withdrawn. Sometimes rate of change will be indicated in a
published table or graph.
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".
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Offers
An offer to purchase at a lower price than advertised will be into consideration and
if reasonable the future date corresponding to that offer will be
notified. If the vehicle is still available when that date arrives, you
will be notified and the purchase may then be finalised.
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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