iHow the profit is worked out
The profit is based on the estimated trade value — what a dealer would pay — not the retail value.BIDThis profit is based on the current bid of R 50 000. Bidding will rise before the lot closes, and the profit will shrink with it.
| Retail valuemedian of 15 used Volkswagen polo vivo 1.4 manual petrol 2021–2023 at 149 413 km | R 173 169 |
| Trade value (estimated)90% of the retail value — what a dealer would pay for a car from 2022, the book trade-to-retail ratio of comparable auction lots. The profit is worked from this. | R 155 852 |
| − | Current bidMinimum price at Bidvest Burchmores — it will rise before the lot closes, and the profit with it will shrink | R 50 000 |
| − | Buyer’s premium, fees & VATNo buyer’s premium + R 2 500 document & admin fees + R 7 875 VAT (15%) · Estimated: Bidvest Burchmores does not publish its buyer’s premium and fees, so typical ones are used | R 10 375 |
| − | Licence, registration & roadworthyEstimated: licence and registration in your name, and a roadworthy test | R 2 000 |
| − | Repair estimateClaude, from 1 of 1 photos and the auction house’s notes · range R 0 – R 0 | R 0 |
| = | Profit at the estimated trade valueThe trade value less everything above — the price, fees, VAT and on-road costs and the repairs. Not the retail value: a dealer pays trade. | +R 93 477 |
+149,9% on the R 62 375 you put in (R 50 000 price + R 10 375 fees & VAT + R 2 000 licence & roadworthy + R 0 repairs).
The repairsLow confidence
Nothing to repair could be seen.Only a single front three-quarter photo is available, and it shows a straight, tidy Polo Vivo with no visible body or glass damage; no auction notes on mechanical condition were supplied, so the engine, gearbox, tyres, interior and underside are unseen and nothing can be costed for them.
Each repair’s “used” figure is the middle of its range. Fees, transport and licensing are in the box above, not here. An AI model’s reading of photos is not an inspection — view the car before you bid.