Being the highest bidder at the close of the auction doesn’t make you the successful bidder who walks away with the boat.
Did you know that nearly 60% of boat auction winners report feeling overwhelmed by the process?
While the excitement of securing a great deal is real, many bidders feel unsure about what steps to take next.
Being the highest bidder at the close of the auction doesn’t make you the successful bidder who walks away with the boat.
There are a few more steps you’ll need to follow to truly finalize the purchase.
1. Understand the Payment Process
Once the auction ends and you’re the highest bidder, the clock starts ticking. You’ll need to make a full payment within 2 - 5 working days of the online auction closing and a 25% deposit (sometimes less, do check the specific boat payment details on the website) is immediately payable by bank transfer to BASCO Pte Ltd Client Account. We accept payment via bank wire transfer or internet banking. Please contact us for more information.
2. Title Transfer
After the payment is made, a Bill of Sale will be prepared and delivered to you at the time of payment. Make sure to keep it safe, as you'll need it for future registrations and transactions related to the boat.
3. Arrange for Viewing
If you wish to inspect the boat at any time before the end of the online auction, please let us know. We will be happy to arrange a viewing for you.
4. Hand Over/Delivery
Once the title transfer and payment process have been completed, you can arrange to pick up the boat or have it delivered to your current location. If you need assistance with shipping or boat delivery, we can provide contact information for reputable shipping companies to help facilitate the process.
If you have any questions or need help with the bidding process, please don't hesitate to reach out to us. With the right preparation and knowledge, you’ll soon be the proud owner of your dream boat.
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