Auction charges
Discussion
matty hill said:
Is it just me or are the prices of vehicles at auction going through the roof??
Does anybody know how to get around these charges? OR a cheaper way to buy trade?
Sorry, but you title says one thing and your first two sentences have different meanings.Does anybody know how to get around these charges? OR a cheaper way to buy trade?
Do you mean that cars are selling for high prices at auction, or that auction house fees are too high?
matty hill said:
I just cant justify spending £400 to BCA for What??
...
Then don't....
matty hill said:
Well both at first the auction price was ok but now its all gone sky high, i just want another way of getting them.
Welcome to the free market economy.As trading is effectively a zero sum game, if a trader had discovered a way to source very cheap cars, why on earth would they tell you about it?
xxChrisxx said:
matty hill said:
I just cant justify spending £400 to BCA for What??
...
Then don't....
matty hill said:
Well both at first the auction price was ok but now its all gone sky high, i just want another way of getting them.
Welcome to the free market economy.As trading is effectively a zero sum game, if a trader had discovered a way to source very cheap cars, why on earth would they tell you about it?
Start a large, nationwide company of used car buyers and market it with constant, annoying radio and TV jingles.
In advance; ensure that you own the auction disposal company and also own the company that sets trade guide prices.
Then you can buy cheap cars.
You're better off walking into a dealer or buying privately and accepting the risks involved.
In advance; ensure that you own the auction disposal company and also own the company that sets trade guide prices.
Then you can buy cheap cars.
You're better off walking into a dealer or buying privately and accepting the risks involved.
matty hill said:
gone are the days of traders helping each other out...
Are any of you traders?
As much as traders help each other out they don't do it to the detriment of their business. As you've already discovered, sourcing good value cars is becoming more difficult. When times get hard, charity is the first thing to go.Are any of you traders?
What you are effectively saying is that your business model is currently being squeezed, and how can you try to get cheaper cars to combat this. The price of the cars can't be that much of a problem, as if auction prices generally increase due to demand, retail prices will generally track it.
Surely your overheads dominate your costs, so if a 2% fee on the £25k car is causing you a problem, then I'd think about the business model you are using.
To be fair its not the fact that the business is struggling or anything like that, it is puirely the fact of the extortion by the auction houses when it comes to charges.
I have been told that trade auction is an option and that 1 link do disposal of fleets which i may have a look at, i will let you know how i get on, because i am a trader who likes to see other independent traders do well and not the big franchises.
I have been told that trade auction is an option and that 1 link do disposal of fleets which i may have a look at, i will let you know how i get on, because i am a trader who likes to see other independent traders do well and not the big franchises.
You want the truth about how the car auctions work?.
Car auctions, (that's BCA and Manheim predominantly), do most of their dealings with major main dealer groups. The main dealers feed their unwanted p/ex's through the auctions because overall it gives the dealers the best returns. Few vehicles are from private individuals, probably around 10%. Since I stopped buying from auction, some 15 years ago, the "fees" that they charge have escalated to around 3 times what I was paying then.
Any car auction is made up, mostly, of individual traders or buyers from bigger groups. The fly in the ointment is the private buyer who thinks that because the word "auction" is in the title, the price the vehicle achieves MUST therefore be cheap. It is a fallacy. Had they done their research up front they could easily buy the car they want from the many car selling sites on the internet - mostly from private individuals.
I repeat what I have said before that people do not do their research beforehand and then complain after they've done a stupid transaction, such as using an auction or buying from a big dealer group, that they've been ripped-off.
The same sort of idiots drive everywhere flat-out at 85 or 90mph and then complain about the price of fuel......
Car auctions, (that's BCA and Manheim predominantly), do most of their dealings with major main dealer groups. The main dealers feed their unwanted p/ex's through the auctions because overall it gives the dealers the best returns. Few vehicles are from private individuals, probably around 10%. Since I stopped buying from auction, some 15 years ago, the "fees" that they charge have escalated to around 3 times what I was paying then.
Any car auction is made up, mostly, of individual traders or buyers from bigger groups. The fly in the ointment is the private buyer who thinks that because the word "auction" is in the title, the price the vehicle achieves MUST therefore be cheap. It is a fallacy. Had they done their research up front they could easily buy the car they want from the many car selling sites on the internet - mostly from private individuals.
I repeat what I have said before that people do not do their research beforehand and then complain after they've done a stupid transaction, such as using an auction or buying from a big dealer group, that they've been ripped-off.
The same sort of idiots drive everywhere flat-out at 85 or 90mph and then complain about the price of fuel......
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