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AUCTION CARS •  SPARE PARTS •  AUTO REPAIRS •
AIR & OCEAN WORLDWIDE SHIPPING

PAYMENT PLAN REGULATIONS

To "BID" with AACGH, you must make a 50% deposit encompassing bidding expenses, FOB (Free on Board) charges, the winning bid amount, associated shipping costs, and AACGH service fee.  

In instances where a bid is won at a cheaper price than anticipated, the excess is calculated into the remaining pending amount to be paid.  

The second part of this fee Must be paid within 2-3 days from the bid winning day.  

Any delay in remitting the latter installment beyond the stipulated deadline incurs a daily penalty of 2% on the outstanding amount.

FEE STRUCTURE

Accra Auction Cars registration is free. However, a service charge of $250 is paid for each car won. We also charge a $70 Documentation Fee; this fee includes express mail services of original title to your destination.

Late payment penalties are structured as follows:

  • No charge for payments not made within the first day.

  • Late Payment Fee: Late payment for auctioned vehicles will incur a fee of $60 per vehicle for continuous days

  • If the buyer fails to pay within 3 days, a fee of 10% of the final sale price or a minimum fixed amount of $650 whichever is higher will be charged for relisting the vehicle.

 

Full payments for successful purchases must be sent by bank wire transfer. A bank fee of minimum of $105 will apply to all bank wire refunds.

PAYMENT POLICY

Payment for services will be executed through the 'Client Internet Banking Access' Policy with the bank. Clients will be furnished with account logins to oversee transactions until the conclusion of the bidding process, following which the logins will be deactivated.

REFUND POLICY

In the event that a client opts to withdraw subsequent to winning a bid and cites personal reasons for non-payment, the following charges apply:
 

  • A service fee is deducted from the winning bid.

  • Bidding charges are offset.

  • The documentation fee is fully refunded.

  • A re-listing fee amounting to 10% of the final winning price, with a minimum charge of $650 whichever is higher, is levied.  

 

Should a client opt out prior to placing or winning a bid, the subsequent charges will apply:
• A full refund of fees paid, with a surcharge of $20.
• A $50 cancellation fee is imposed.

Bank Auto Loan Facility

AAC itself is not a financial institution but facilitates connections with banks that provide these loans.

General Requirements

  • Vehicles eligible for financing must be located in Ghana, meaning clients can only apply for the auto loan after the vehicle has arrived.

  • Used cars must be no more than 5 years old.

  • Buyers of brand-new cars must provide the original invoice from the supplier.

FINANCING OPTION 1

Bank offers auto loans to three categories of workers with varying interest rates and conditions:

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1. CAGD Workers (Government Employees)

  • Interest Rate: 28% per annum

  • Repayments are deducted directly from the source at the Controller and Accountant General Department (CAGD).

 


2. Salaried Workers Banking with the Bank

  • Interest Rate: 25% per annum.

  • Equity Contribution: 45% from the car buyer

  • Loan Tenure: 1 to 5 years

FINANCING OPTION 2

For clients seeking auto loans, bank offers personalized loan arrangements:

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1. Used Cars

  • Must have a valuation report from STC.

  • Interest Rate: Ghana Interest Reference Rate (GIR) + 3-4%

  • Repayment Tenure: 1 to 5 years

 


2. Brand New Cars

  • Interest Rate: Ghana Interest Reference Rate (GIR) + 3-4%

  • Repayment Tenure: 1 to 6 years

  • The bank provides vehicle insurance

- Visit our office at City Galleria Mall -

CARS from USA to ACCRA

Contact Us

Address

City Galleria, East Airport, Spintex Road, Accra, Ghana

Contact

+233 53 890 5632

+233 20 948 2318

Opening Hours

Mon - Fri

8:00 am – 6:00 pm

Sat - Sun

closed

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