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To secure a winning bid and lock in a collection slot, the Seller must pay a £50 Booking Deposit. This deposit acts as a guarantee of the vehicle's availability and the accuracy of the description provided.
Refund Trigger: The deposit is fully refundable or credited to the Seller only upon the successful verification and handover of the vehicle at the agreed time.
Upon acceptance of a bid, the ATF/Buyer shall transmit the full balance of the winning bid to a secure Escrow Account. These funds are held independently and are released to the Seller only when the ATF confirms successful collection via the platform’s GPS-verified check-in.
The Seller warrants that the vehicle is complete as per industry standards (including Engine, Gearbox, and Catalytic Converter) unless explicitly disclosed otherwise in the time-stamped submission.
If the ATF determines upon arrival that major components are missing, this shall be deemed a material breach of the description.
Condition A — No Show
If the Seller or the vehicle is not present at the agreed location within 30 minutes of the scheduled time, as verified by the ATF’s GPS check-in, the £50 deposit will be forfeited.
Condition B — Misrepresentation
If the vehicle does not match the timestamped description, the ATF may abort collection. In this event, the escrow balance reverts to the ATF and the Seller’s £50 deposit is forfeited to the ATF to cover wasted transport costs.
Both parties agree that the platform data logs — including submission timestamps, ATF geolocation check-in, and any time-stamped photographic evidence uploaded via the platform — shall serve as the final and binding evidence in any dispute regarding deposit forfeiture or escrow reversion.
No Cash Payments: Under the Scrap Metal Dealers Act 2013, no cash can be paid for scrap cars. Escrow or electronic transfer is the only legal payment method.
Right to Cancel: Once the £50 booking deposit is paid and the ATF has been dispatched, the distance selling cooling-off period does not apply because the service (booking logistics and collection) has already begun.