AutoBazaar Auction is an online B2B portal for bidding of Pre-owned vehicles
You can find all categories of vehicles on our platform: 2 wheelers, 3 wheelers, 4 wheelers , commercial vehicles, construction equipment and farm equipment
Anyone can buy vehicles after registering on our platform. Registration requires appropriate KYC documents and a registration fee.
Registration Process:
Personal Information to be filled
E- KYC to be completed and Pan card details to be shared
Subscription fees to be paid through the Payment gateway
Security deposit is a refundable deposit that a buyer needs to deposit with AutoBazaar Auction before bidding for any vehicle on the platform. Higher the amount deposited, higher is the buying limit on the platform. Minimum refundable security deposit is ₹ 10,000.
You will receive login credentials after your documents are verified and payment clearance is complete.
Bids once placed on our platform cannot be cancelled.
Refundable Security Deposit (RSD) payment will be collected through the payment gateway.
A buyer needs to deposit a Refundable Security deposit with AutoBazaar Auction before participating in any bidding process. Credit Limit would be applicable on all categories of vehicles.
You can raise a request on the portal and refund will done through online transfer.
The table shown below is the applicable registration fees*
Plan Type | Subscription Fees | GST (18%) | Total |
---|---|---|---|
Half Yearly (6 Months) | ₹ 4,000 | ₹ 720 | ₹ 4,720 |
Annually (12 Months) | ₹ 6,000 | ₹ 1,080 | ₹ 7,080 |
The table shown below is credit limit:
RSD (₹) | CREDIT LIMIT |
---|---|
₹ 10,000 | ₹ 10,00,000 |
₹ 20,000 | ₹ 20,00,000 |
₹ 30,000 | ₹ 30,00,000 |
₹ 40,000 | ₹ 40,00,000 |
₹ 50,000 | ₹ 50,00,000 |
₹ 1,00,000 | ₹ 1,00,00,000 |
The table shown below is the minimum amount applicable on each vehicle category**
CATEGORY | FEE |
---|---|
2WH | 500 or 1% whichever is higher |
3WH | 500 or 1% whichever is higher |
4WH | 1000 or 1% whichever is higher |
FE | 1000 or 1% whichever is higher |
CV | 1500 or 1% whichever is higher |
CE | 2000 or 1% whichever is higher |
* All applicable Taxes will be Extra
** (case to case basis)
Unsuccessful bid the amount will be reflected in your Accounts section. To withdraw RSD or valuation wallet amount, you have to request from Accounts sections and it will be reflected in 7 working days.
All bidding activity information will be shared in your Account section
The entire buyer's refundable security deposit would be forfeited.