Lumi presents a distinctive chance for individuals and organizations to acquire used cars at competitive prices through a sealed-bid online auction. Participants can place bids independently on cars listed on the website or app, ensuring confidentiality regarding others' bids. After the auction concludes, participants receive a text notification with the auction results.
Step into Lumi online auction: a guide to participation
To participate in Lumi online car auction, registration is mandatory. You can register via the auction homepage or through Lumi app, which is available on both Android and Apple devices. After completing the registration process, please adhere to the procedures outlined below:
Creating an account on Lumi auction platform
To register on Lumi auction platform, individuals must provide a personal ID number. Institutions and companies need to submit their ID number, VAT registration number, commercial registration (CR) number, and the expiration date of the CR. The account creation process is outlined as follows:
- Begin by clicking the registration button.
- Then, enter your mobile number and the one-time password (OTP) sent to your device.
- Next, complete the required personal information and set a password.
- For institutions and entities, include the commercial registration details.
- A security deposit of 5,000 Saudi Riyals must be transferred to Lumi’s account, and you should upload the deposit receipt or bank transfer confirmation to the website.
- Finally, allow at least 48 hours for the team to verify your information and activate your account. Upon approval, you can begin bidding on available cars.
Taking part in Lumi auction to purchase a used car
To participate in the auction for Lumi cars, begin by logging into your account on the website and following these steps:
- First, explore the auction homepage, where you can find ongoing, completed, and upcoming events.
- Next, select the auction of your choice, pick a car, and enter your bid.
- Participants may visit Lumi showrooms in Riyadh, Jeddah, or Dammam for an in-person inspection of the car before placing a bid.
- Results of the auction will be announced two days later, and participants will receive notification of the outcome.
- If you win, details will be accessible in the winning bids section of your account, including the total amount due.
- Within 24 hours, transfer the full payment for the car to Lumi's account and upload the transfer receipt to the auction site.
- The Lumi team will verify both the receipt and the transferred amount before arranging for car delivery.
- The auction winner is responsible for transferring the car ownership within 10 days of purchase and must provide Lumi with a copy of the ownership transfer form prior to taking possession of the car.
- For those who do not win, no further action is required.
Additional information on car purchases at Lumi online auctions
Lumi establishes crucial terms and conditions that bidders must carefully review before participating in the auction. These stipulations include:
- Transportation fees: buyers are responsible for transportation costs to the storage facility if the car is not picked up on the same day payment is made.
- Ownership transfer: the transfer of ownership from the seller to the buyer is required before the buyer can use the car.
- Withdrawal penalties: if a bidder withdraws after winning or delays making the payment, penalties will apply: 1,500 SAR for the first infraction, 2,000 SAR for the second, and 3,000 SAR for the third, applicable to each car.
- Cancellation policy: buyers may cancel their purchase within 24 hours, but in cases of specific defects, which include:
- A chassis defect failing the periodic inspection.
- Engine damage rendering the car inoperable.
- Transmission damage preventing operation.
- Transfer costs: all costs related to ownership transfer and car insurance are the buyer's responsibility.
- Delay penalties: if the ownership transfer is delayed for more than one month, a penalty of 500 SAR will be charged for each car for every additional month of delay.
- Account suspension: customer accounts will be temporarily suspended, and authorities will be notified to take necessary actions if ownership transfer is delayed beyond three months.
- Auction rights: Lumi reserves the right to remove any car from the auction or to cancel or postpone auctions without providing reasons.
- Bidding discretion: Lumi may reject or nullify bidding offers at its discretion.
- Tax information: the auction price does not include Value Added Tax (VAT).
- Liability disclaimer: Lumi is not liable for any missing accessories or attachments; cars are sold as-is and come with only one key.
Discover the benefits of buying a car from Lumi auction
Lumi provides numerous benefits for those seeking to buy used cars from its auctions, including:
- The bidding and purchasing processes are streamlined via the website and mobile apps, providing a seamless experience.
- Potential buyers can inspect cars before bidding, allowing them to assess condition, specifications, manufacturing year, and mileage.
- Every car listed on Lumi is no more than 2 to 3 years old, ensuring quality and reliability.
- The platform offers a wide selection of cars, encompassing both sedans and SUVs.
For those in the market for a used car, Lumi auction stands out as an excellent option. Register now to explore a vast array of cars and start bidding.