CIMB Bank through its esteemed auction partners has now made it possible for members of the public to take part in real-time, online property and motor vehicle auctions. Now more than ever, everyone can have a safe, transparent and unified platform that offers a vast selection of real estates and motor vehicles at unbeatable prices.
With CIMB Auto and Property Mart's online e-Bidding platform, interested bidders don’t even have to be present at the auction centre – simply use your smart devices to start hunting for the biggest bargains for vehicles and properties.
Here's a brief guideline on how to start bidding on your dream vehicle:
1. Get the latest vehicle listings, Proclamation of Sale (POS), and Conditions of Sale (COS) from the CIMB Auto & Property Mart website.
2. View your interested vehicle at the appointed store yard on the designated viewing date.
3. Seek professional advice on the vehicle.
4. Create a user account at CIMB’s appointed auctioneer website.
5. Select the vehicle that you want to bid online, pay fees and complete the e-bidder registration.
6. On auction day, log in to the auction site using your ID and PIN.
7. Once the auction starts, place your bids using the e-Bidder application.
8. After the highest price is called out 3 times, no more bids are allowed.
9. Upon successful purchase of the vehicle, download/print the Certificate of Sale.
10. Pay the balance of purchase price within the stipulated time frame stated in the Certificate of Sale.
11. Unsuccessful bidders are refunded deposits via online transfer after the auction day.
(i) POS and COS are subject to availability.
(ii) This guide has been prepared for general information and as a source of reference only. It may vary depending on the appointed auctioneer’s process.
(iii) The auction vehicle is sold on an ‘as is where is’ basis and is subject to the terms and conditions stated in the Conditions of Sale. Terms and Conditions apply.
With the option of online banking, final payment can also be made securely and quickly. Most importantly, the CIMB Auto & Property Mart e-Bidding Auto Auction is conducted in a transparent manner; which protects genuine buyers and eradicates any unwanted form of gerrymandering and price manipulation.
Upcoming Auto Auction:
*Auction dates are subject to change.
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