Once you have decided to sell, then we take away all the problems of dealing with what can be an Internationally traded product. That’s important because currency exchange and import duty can affect the perceived price of your car and our understanding of those differences means that you will get the best price for your car.
The car remains under your control in a secure store while we advertise the car and deal with prospective buyers. And we work only for you – unlike an auction sale, there is only one commission. Nor are we a dealer using your car to boost our stock on sale or return, we only sell our clients’ cars. We raise a sale / purchase agreement between the buyer and seller so you know exactly what your car has sold for.
We have taken all the risk out of the process for you – if we demonstrate a car, it is comprehensively insured by us for the duration of that demonstration – the car is only released to a new owner when cleared funds are in YOUR bank account. Remember, most auction houses only pay out a month after the car is sold.
Whether a car needs to be checked with a specialist, if the car needs financing, if it needs shipping from one part of the world to another, we take care of all the detail and negotiation.
Like the owners, we are passionate about cars, but we have created a process – almost clinical in its efficiency – to ensure that you have no problems with the sale of your car.
Sometimes, making the decision to sell your car is not easy, particularly if it has a long association with your family. Then there is the question of how, when and where will I achieve the best return for such a very valuable and internationally traded asset whilst protecting it. At Byron International, we understand these emotional and practical concerns.
But before you commit to using our services, you may have questions – we have a number of the most frequently asked questions, but if there is something we haven’t covered, just email email@example.com.
Call us and describe your car. Based on your description, our sales of the same model and knowledge of others available, we will estimate its market value. If you are happy with our estimate and the car is located in Europe, we will follow up with a personal visit to view your car and agree a price. We will also visit other countries if it is a significant or high value car.
When a transaction is agreed by you we raise a sales / purchase agreement between the seller and the buyer who makes direct payment to the seller. The exceptions are when either seller or buyer, require anonymity and when the buyer requires finance because as Licensed Credit Brokers we usually have to invoice the finance company. The car is only released to a new owner when cleared funds are in your bank account.
When a representative of Byron International is driving your car or accompanying a prospective buyer on demonstration, your car is fully comprehensively covered under our insurance with Aon. A copy of our Insurance Certificate is available on request.
We will compile an extensive written presentation about your car that details fitted options, upgrades and enhancements. With your permission we will also include ownership history, concours achievements, race or rally results, restoration, service, and maintenance invoices plus MOT history. In short we will draw out all the selling aspects of your car. All documentation is date collated and displayed in a leather bound folder which is shown to all prospective buyers that view your car. In addition, your car will be extensively photographed and when appropriate in a studio by a Professional Photographer.
This combination will form the foundation of our presentation.
Your car will be held to your order at Bullbridge Storage - www.bullbridgestorage.co.uk.
This means you remain in control of your asset yet enables us to show your car to a prospective buyer. All of the cars we are representing are located in one area, which as you can imagine is impressive.
The store was purpose built in 2005 so it is in first class condition.
It is ideally located for visitors being just 40 minutes from Gatwick Airport and just over an hour from London Victoria by train or from the Channel Tunnel by car. The local roads are not as congested as London and therefore make them ideal for demonstrating your car. It may also be possible for you to achieve a saving on insurance by reducing cover to ‘laid- up’ status.
How different country import regulations can work in your favour. For instance, some car models can be imported to the U.K. Under the historic car scheme which means they only attract 5% VAT not the standard rate. And the picture overseas is constantly changing – New Zealand recently changed from an import duty to charging GST on a car. In Hong Kong, there is no import duty but 100% tax when you register the car. We keep on top of these facts so you don't need to.
Your car will be held to your order at Bullbridge Storage - www.bullbridgestorage.co.uk
This means you remain in control of your asset yet enables us to show your car to a prospective buyer. All of the cars we are representing are located in one area, which adds to the buying experience and emphasises the specialisation of the brokerage.
There is a commission charge which is 10% of the sale price achieved for the car, VAT is chargeable on all invoices. We only receive a payment from one party in any transaction.
This varies dependant on value. It is from £28.00 per week plus VAT and includes a battery conditioner.
Byron International recognises that we have to keep giving more to clients and innovate in our service to maintain our position in the market. We broaden our advertising reach, develop our marketing and introduce innovations to our customers like studio photography.
And that is the key – we work with and for our clients – we don’t expect them to fit in with our calendar or accept financial risk. Trading in an environment where our fees in a transaction can be half that of the cumulative commission of auction houses, we don’t just deliver an outstanding service in an ever changing market, we deliver great value for money and optimised returns.