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Damaged Civic Type R


Lethalstrike
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Neutral Newbie

I doubt any institution will loan you the money as there is no collateral involved in this process.

 

Auction works like any other auction. Highest bid amount wins by the stipulated time and date of the auction, subject to reserve price being met. You'd probably have to pay an initial registration fee (refundable if bid is unsuccesful, usually $2k or more depending on the bid amount). You have to settle the outstanding total of the final bid price with any other percentage add ons (buyer premium of ?% in addition to highest bid amount - check with auctioneer before committing) within 48 hours via TT or cash. Cheque payment is subject to clearance time.

 

Most importantly, you gotta know what you're buying + know the condition of the vehicle and expected repairs at the time of purchase. Quite risky if you don't know what you're doing. Hope it helps.

 

Ok...But how do i know what the minimum price?

How do i also know the expected repairs will be required also?

 

Like that seems very tough to get it :wacko:

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I doubt any institution will loan you the money as there is no collateral involved in this process.

 

Auction works like any other auction. Highest bid amount wins by the stipulated time and date of the auction, subject to reserve price being met. You'd probably have to pay an initial registration fee (refundable if bid is unsuccesful, usually $2k or more depending on the bid amount). You have to settle the outstanding total of the final bid price with any other percentage add ons (buyer premium of ?% in addition to highest bid amount - check with auctioneer before committing) within 48 hours via TT or cash. Cheque payment is subject to clearance time.

 

Most importantly, you gotta know what you're buying + know the condition of the vehicle and expected repairs at the time of purchase. Quite risky if you don't know what you're doing. Hope it helps.

 

the colleteral is the car u want to bid for. once u bid it, its yours and thus can be used for colleteral

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Just download the forms at the lower portion of the page, write your particulars and submit your bid. If you are the winning bidder, they will contact you and give you 7 days to pay your bid amount. You will be liable for penalty if you did not make full payment in the specified time.

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(edited)

As expected, damaged Civic Type R lands in the hands of a dealer and has been resurrected.

 

Now going for $109,888 with brand new vented bonnet.

 

Same Reg Date, COE and OMV. Swee swee boh beh chao. [laugh]

 

164034_1b.jpg

Edited by Lethalstrike
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As expected, damaged Civic Type R lands in the hands of a dealer and has been resurrected.

 

Now going for $109,888 with brand new vented bonnet.

 

Same Reg Date, COE and OMV. Swee swee boh beh chao. [laugh]

 

If you guys notice, one of the pole light is spoilt

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wah ...wonder howmucn the bid close at ....60+ k ?????????

 

Bro, $55k from the auctions as mentioned by a few bros in the earlier posts.

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Neutral Newbie

Suggest the owner of this type R should scrape the car. Be responsible. Don't sell to any dealer. If not , the dealer will be accused of cheating buyer again. Or better still, the owner must let the dealer know about this accident,so that the dealer will tell the new buyer about the accident.if not the dealer will lose money if he buy a accident car, and accuse of cheating INNOCENT buyer again.

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Turbocharged

Ad doesn't say it is "accident free". Anyway, will note this dealer and be careful as well next time. This industry gives me the shivers, damn 'or aarm'.

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