BMW Credit (M) Sdn Bhd – Seller’s Conditions

By bidding on any repossessed vehicle offered by BMW Credit (M) Sdn Bhd, you acknowledge and agree to the following conditions:

1. The full auction price must be paid within ten (10) days from the auction date. Failure to make full payment within this period will result in the auction deposit being forfeited.

2. The successful bidder must submit the Certificate of Sale/Auction Contract and proof of payment to BMW Credit. If the vehicle is collected by a representative or third party, a Letter of Authorisation must also be provided.

3. Vehicle collection is subject to BMW Credit’s confirmation and payment clearance. Collection is permitted during the business hours stated in the attached Post-Auction Process.

4. Any PUSPAKOM VR1 inspection must be conducted while the vehicle remains at the storeyard and before it is released. The inspection must be arranged at the buyer’s own cost.

5. Any refund request must be submitted in writing to BMW Credit within thirty (30) days from the auction date, together with the required supporting documents. Refunds will only be considered under the circumstances stated in the attached Post-Auction Process.

6. Ownership transfer must be completed through an involuntary transfer (double transfer) by BMW Credit’s appointed representative at JPJ Wangsa Maju. All related charges, fees, taxes and expenses must be borne by the successful bidder.

7. All bidders must read and acknowledge the attached BMW Credit (M) Sdn Bhd Post-Auction Processes before bidding. By placing a bid, the bidder confirms that they have read, understood and agreed to all the conditions stated in the document.

Important: The attached BMW Credit Post-Auction Processes shall form part of these Seller’s Conditions. In the event of any inconsistency, the terms stated in the attached document shall apply.