Auction Term & Condition

♣About Us?

We have an online marketplace platform for the sale-purchase of pre-owned vehicles. Here user can buy and sell its pre own vehicles


♣What is the way of the vehicles on our platform?


We have network communication with different large consumer auctions, leasing companies, banks and insurance companies which path to us for listing their vehicles on our platform.


♣Who can buy vehicles from the platform?


Anyone can buy vehicles whatever user wants, by registering for the platform. Registration needs actual KYC documents and a registration fee.

♣ What we do?

We provide a feature-rich, web-based, automated platform for auction of a wide variety of pre-owned vehicles. The sellers and buyers using our platform services also benefit from our detailed inspection, assistance in vehicle transfer, and much more.


♣What type of vehicles will be available?

One can find virtually all kinds of vehicles on our platform: 4 wheelers (including passenger cars), 2 wheelers, 3 wheelers, commercial vehicles, construction equipment, and so on.


♣What is MotorsGadi guarantee program?

MotorsGadi inspected cars will be highlighted separately on the auction platform. In case there is a variance between the actual vehicle and inspection details communicated at the time of bidding, buyers will be protected by MotorsGadi guarantee program and will have an option to refuse delivery.

Fee and Payment

What is the registration process?
In order to get registered with us, you need to take the following two simple steps:
1. Send us a scanned copy of:
a. PAN Card
b. Address Proof
c. Cancelled Cheque
2. Deposit an annual registration fee of:
Type of Auction Registration Fee* (Rs)
Bank Auctions
Consumer Auctions
Insurance Auctions
You can deposit the amount to the following bank account through cash/cheque/NEFT/demand draft:
A/c Name: "Mateshwari Autosales Pvt. Ltd."
A/c no.: 37107561995
Bank: SBI
IFSC Code: SBIN0004098
SWIFT Code: SBININBB154
Address: Mansarover Branch,
A Member can get our membership for one year or a lifetime.
He can take one-year membership at Rs.7000/
and lifetime membership at Rs.17000/-
He can take also lifetime membership at Rs.27000/-which will refundable after one year.
That’s it! You will receive your login credentials within 2 working days after document verification and payment clearance. Please note: Registration will give you access to auction portal where you can see the cars put up for auction. For participating in an auction, you need to deposit a refundable security deposit of Rs 7000. We charge 1.5% brokery fee for particular purchase.
How can I bid in an auction?
A dealer can bid in an auction through website
How many bids can I make in an auction?
Open Auction –In open auctions (where bids are visible), a buyer can put unlimited number of bids
Closed Auction –In close auctions (where bids are not visible) a dealer can put a pre-defined number of bids (e.g. 20, 30, etc.) for each vehicle
Will vehicles be pre-inspected?
Each and every vehicles coming through auctions will be thoroughly pre-inspected by MotorsGadi Company. The scrutiny report shall be available along with the listing of the vehicles on the auction platform.
Each vehicles (whether gathered from consumer auctions, insurance companies, banks, or leasing companies) listed on the platform will have a minimum of 10 pictures capturing the vehicle exterior and interior details.
Which bids are binding?
Highest bids for each vehicle are binding.
What is the fees MotorsGadi will charge?
The transaction fee in case of bank and insurance auctions will be decided on case to case basis. However, in the absence of any explicit communication .in case of bank auctions, a transaction fee of (online, offline, Close auction)0.5% of the transaction value will be charged and open auction will be charged only 1.0%.These condition apply on both delear and bank.
How long does it take to gain the approval from the seller?
Approval time differs from seller to seller. Usually we expect a seller to turn back in 7-15 working days.
What all documents will a buyer get after the payment?
NOC, Form 28, Form 29, Form 30, Form35 (2 copies each), address proof and id proof and all the other documents required for clearly and inconvenience-free vehicle transfer process.
What is the approval process?
Highest bids on the platform for each and every vehicle is send to the seller. Seller approves these vehicles post analysing the bids from all the sources. Some vehicles may be pre-approved, that is, they will not need an approval and will be sold directly at the highest bids.
What happens if the buyer backs out after getting the approval?
The entire buyer security deposit would be forfeited.
What will be the vehicle lifting process?
Post vehicle approval and payment in full, MotorsGadi Auctions team will inform to the buyer of the location from where the vehicle can be lifted.
CONTACT US
Are you a dealer?
If you are looking for a pre-owned vehicle, you've came at the perfect place! We deal in: Consumer Auctions Banks Leasing companies Insurance companies MotorsGadi Office Address:80/109, 2nd Floor, Patel Marg Circle, Madhayam Marg, Mansarovar, Jaipur, Rajasthan 302020