Standard Bank Terms and Conditions
This facility is produced by the Standard Bank of South Africa
Ltd ("the Bank") for information purposes only. Information on
this website is not warranted to be correct at all times. All
vehicles are sold as is
. The Bank does not guarantee
condition, state, added features or items of any vehicle. Any
user making an offer participates in a tender bidding process
and the Bank, in its sole and unbiased discretion, and for
whatever reason retains the right to accept or reject any offer
at any time for whatever reason. An admin fee of R2,875.00 is payable on acceptances of offer. Neither the Bank nor
mycars.co.za will be liable for any losses of whatsoever
nature incurred, as a direct or indirect result of the use
of the information on this site. Any user of this site warrant
to be familiar with all its terms and conditions and to abide by it.
If you buy a car on the MyCars website as a result of that car being offered to you by
The Standard Bank of South Africa Limited in a direct marketing campaign, you may cancel
any sale concluded on MyCars without reason or penalty, within five business days after
the sale is complete or the vehicle is made available for collection, whichever is the
later. This is known as a ‘Cooling-Off’ period.
If you wish to cancel any sale during the Cooling-Off period, you must tell us in
If you have received delivery of the vehicle, you must return it to us. If you used the
vehicle, we may charge our normal charges for their use, and any necessary restoration
charges to render the goods fit for re-stocking.
We will return payment that we have received from you within 15 days after:
- receiving notice of the rescission, if no goods have yet been delivered to you;
- receiving the vehicle from you, if it has been delivered.
Please also consider the impact of the following from an operational perspective:
- The charges that may be levied against the consumer are limited in terms of
Section 20(6) (c) of the CPA. Where a vehicle is purchased and is materially
damaged during the cooling off period. Section 20 (6) (c) does not specifically
cater for charges to restore goods sold to the condition they were in when sold,
but to be fit for re-stocking. Accordingly, if Section 20(6) of the CPA is read
to be restrictive and to allow for only the charges contemplated to be levied
against the purchaser (and to deprive the bank of a right to claim material
damages suffered), the bank will suffer the loss of any difference (diminution)
in value where goods are returned in a damaged condition; and
- where a vehicle is damaged by a purchaser and the bank seeks to claim damages,
it will be necessary to prove the condition of the vehicle prior to being sold
on the auction.
As this is an online auction with a defined expiry date/time, it is important to place
your best bid before the close of the auction. Should you wait until the last second you
may experience a slow internet connection from your internet provider, and may run the
risk of your bid not being placed in time.
If a bid is received a few minutes before an auction closes, the auction will be
extended for a further 2 minutes.
This Vehicle is SOLD ‘AS IS’ with NO WARRANTIES /GUARANTEES and although it may be
advertised as a ‘RUNNER’, this simply means that the engine starts. Furthermore NO
WARRANTEE / GUARANTEE is provided regarding any functional components.