1. What is the site address?
The lease returned inventory is available for viewing at Used Car Sale
2. What is the registration process in AVIS Off Lease Car Sale bidding portal?
Click on “Sign Up” link provided on the home page. Fill your details and upload the mandatory documents as listed depending upon your ‘Entity Type’.
Choose from various payment option for paying the ‘Registration Fee’ and you are done.
Note:
- Post successful registration, your log in ID shall be activated in 48 hours and you shall receive an e-mail on your registered mail ID
confirming the same.
- Never share your Log in ID and Password with any other individual.
3. What are the mandatory KYC document’s required?
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) |
4. What are the registration charges?
A very nominal fee can get you un-limited access for a period of 12 months from the date of activation.
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.
5. How much Refundable Security Deposit (RSD) is required?
Currently, there are no RSD charges that is being levied by Avis Lease.
6. What are the different modes in which I can bid for the vehicle (s)?
7. Can I buy a vehicle before bidding starts?
No, we do not support advance selling. Every vehicle is awarded to the highest bidder as per bids submitted in the online event subject to approval of Avis.
8. What are the different modes in which I can bid for the vehicle (s)?
We accept bids only through the AVIS Off Lease Car Sale bidding portal.
However, Avis is continuously developing new technological capacities in order to make the bidder process simpler and faster.
9. What notifications and communications will I receive from the system?
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:10. What are the applicable charges in case I back-out after receiving the winning bid notification?
The token amount of INR 20,000.00 shall be forfeited by the winning bidder in case of back-out after receiving the bid-winner communication from Avis.
Note: Avis reserves the right to block the Log in ID of any bidder in case of back out.
11. How much will I be required to pay as buyer fee’s?
There is no separate buyer fee that is currently being charged. The bid value posted by bidders during the online event remains the committed amount.
12. When do we get the sale approval?
The bid-winner notification is sent on e-mail to the registered E-Mail ID of the winning bidder within 3-4 working days’ post completion of event.
13. In how much time the Payment of the vehicles is to be made?
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.
14. How should I make the payment and where will I get seller’s bank account details?
15. When can I take delivery of the vehicle once I have made the payments?
16. What documents will I need to carry at the time of vehicle delivery?
17. Can anyone apart from me take the delivery of the vehicle?
18. When will I get the NOC and other documents required to transfer the vehicle to end buyer?
Upon complete and accurate submission of all required documents, Avis shall issue the NOC in upto 3 weeks
Note: NOC issuance is subject to availability of complete buyer and registration details
19. Do I need to submit the transferred RC of the vehicle once it is registered in the end buyer’s name?
Yes, it is the responsibility of the person / firm to share the proof of transferred RC with-in 90-120 days from the date of issuance of NOC.
Note: Transferred RC, if not submitted may result in cancellation of your bidder ID permanently at the discretion of Avis.