Online Bidding FAQ's

Entity Type	Mandatory KYC Documents
Individual	PAN Card, Aadhar Card * *Current address should be mentioned in Aadhar card
Broker/Trader Buyer	Partnership Firm/PVT LTD Company     - PAN Card, GST Certificate (REG-06)     - Copy of Board Resolution Proprietorship Firm     - Aadhar Card, PAN Card, GST Certificate (REG-06) of Proprieter     - Copy of Shop & Establishment Certificate (IF GST un-registered)

A very nominal fee can get you un-limited access for a period of 12 months from the date of activation.

Current RSD limits are-

Entity Type	Registration Amount (Incl Taxes)
Individual	499.00
Broker/Trader Buyer	4999.00

 

Note: The above amounts are subject to revision with or without providing any prior intimation.

You shall have access to following details before Log-In-

1. • Make & Model including Fuel Type
2. • Photographs
3. • Age of vehicle
4. • Masked Reg. Number

Post Log-In, following details are available for our bidders-

1. • Complete details on Reg. Number, Year of Manufacturing, Engine & VIN Number, Current KM’s, Fuel & Transmission
2. • Ownership Serial Number
3. • RC & Insurance status
4. • Parking Location
5. • Other special clauses

Note:

1. - The listed vehicles can be removed from the event at the discretion of Avis without assigning any reason and at any point of time during listing, bidding or thereafter
2. - The responsibility to verify the RTO related details lies with the bidder.
3.  
4. - Avis on a best effort basis clears for any traffic challans, fines dues. It is recommended to also re-verify from your side as well to satisfy yourself so that transfer of RC to the new owner is not hampered.
5. - Bidders are expected to physically inspect the vehicle before offering bids during the event in order to prevent any ambiguities later on.
6. - By bidding for vehicle (s), you confirm that you have inspected the vehicle (s) to your satisfaction and have also checked all relevant documentation. No separate query or observations on shortfall shall be entertained subsequently.
7. - Sale of vehicles is on as is where is basis

Currently, we are accepting bids only through the Avis Used Car Bidding Portal.

However, Avis is continuously developing new technological capacities in order to make the bidder process simpler and faster.

Our automated system keeps you updated during the entire event. After successful registration on the portal, you will receive alerts on-

1. • User ID activation
2. • Event Schedule & inspection dates
3. • Event commencement (2 alerts – 24 Hrs & 2 Hrs prior to commencement of event) *
4. • Event is LIVE communication *
5. • Event extension alerts *
6. • Incorrect bid received *

In addition to the above, there are some new and exciting communication’s which Avis Lease is working on to bring you the best ownership experience of your used car purchase.

Note:
    - Bidders are advised to ensure the functioning of the IT related equipment at their end in order to register bids
    - Avis Lease does not have any access of any bidder’s credentials
*Coming Soon

The winning bidder has to deposit a token amount of INR 20,000.00 on the date of receiving the bid winner notification mail from Avis. This is to confirm vehicle allocation to the winning bidder.

Full balance payment is required within 2 banking days from the date of bid winner notification.

Note: No payment is to be made without receipt of proper authorization from Avis.

The bid winner notification mail sent to winning bidder has Mercury Car Rentals Pvt Ltd (MCRPL) bank details where the car sale payment needs to be remitted.
Only online transfer payment modes (NEFT/RTGS) are allowed for payment remittance. Any other mode of payment is strictly not allowed.
Note:

1. 1. Bidders are advised against depositing cash to MCRPL’s bank account under any circumstances.
2. 2. All payments in totality are to be done by the winning bidder only

Confirmation to proceed for physical delivery of vehicle is communicated through E-Mail from Avis. Post receipt of this mail, the winning bidder shall be handed over physical custody of the vehicle.
The delivery is done ONE banking day post the full payment is remitted to Avis and a mail confirmation from Avis is received by the winning bidder.
Note:

1. 1. Bidders are advised to check for the payment receipt confirmation before proceeding for vehicle handover
2. 2. Upon taking delivery of the vehicle – the vehicle should only be in custody of, driven by the authorised persons of the buyer only until the ownership is transferred into the new buyer’s name. Any risks arising during this time shall be the sole responsibility of the buyer and as such Avis reserves the right to share the details of the buyer with any statutory or competent authority as may be demanded by them in compliance of the law of the land.

At the time of delivery, following documents are mandatory for vehicle handover to you-

1. • Copy of winning bid communication and authorization from Avis for handing over the vehicle
2. • Duly signed and sealed ‘Delivery Note’ (Sent along with the bid winner mail)
3. • Indemnity Bond on INR 100.00 stamp paper from buyer
4. • Insurance policy from the date of taking custody of vehicle from Avis

Note: The date on the indemnity bond has to be mandatorily either on the day or earlier than the date of payment by the bidder.

Yes- A person nominated by you can take delivery of the vehicle subject to-

1. • Prior intimation from you along with nominee’s ID proof details and acknowledged by Avis
2. • Nominee to mandatorily carry authorization letter (On letter head in case of firm) in original along with other KYC documents