Auction Report: Manheim Colchester 13 Nov 08
Discussion
After the big sale on Tuesday, a smaller morning sale with around 450 cars today. Mercedes Benz UK clear through Manheim Colchester, putting 150-250 cars into each sale every other Thursday.
Not as long a report as for the last one - the cars were mainly mainly fleet stuff - so just a few highlights.
In the last thread, several people asked about how much the buyer's premium/financial indemnity is. They used to publish the table on their website, but no longer; so I grabbed a few indicative fees (plus VAT!):
One other recently added fee, which drives a stake through the heart of anyone who just fancies 'dabbling' with buying and selling cars, is that anyone who does not hold an account cannot take the V5 away with them. They have to complete it with their own name and address, hand it back, and Manheim forward it to DVLA. So you will automatically add another owner - you. The shocking part is that you have to fill it in yourself and then Manheim charge you £21.28 (plus VAT) just to pop it in the post for you!
First of all, a lot of the prestige vehicles from Tuesday were still on-site, so I grabbed some snaps of a couple of the cars I missed.
This is the monster Dodge Pickup SRT-10. 206 car; SOLD at £16,600.
The £80k Gallardo Spyder
Today's sale:
Nice shiny pimpmobile with the later engine. About eight grand cheaper than a RR of the same age.
2005 55 BMW X5 4.8iS Auto - £14,800 provisional.
Winter ragtop. 2007 07 Honda S2000 - £13,800 provisional
Luxury Exec/people carrier. 2006 56 Mercedes Benz R320L CDi Sport (if you can get over the looks, this is the ONLY model in the R-Class range worth buying). Bargain metal at £14,800 provisional.
Pretty hardtop convertible. 2004 04 Mercedes Benz S500 - £17,600 provisional.
Another bit of heavy metal VFM (not actual car in ths photo, but identical colour and year newer). 2005 55 Mercedes Benz CL500 26k - £15,200 SOLD
Best value bit of Pistonheadry today:
2004 54 Merceds Benz E55 AMG Saloon with panorama roof - £14,300 SOLD - WOW!
Worst value car today
Great colour, two-tone leather, FBMWSH, only 72k miles, but about a grand a half over book IMO (and still only a provisional sale!):
2000 V BMW M5 5.0 V8 - £6,800 provisional
Not as long a report as for the last one - the cars were mainly mainly fleet stuff - so just a few highlights.
In the last thread, several people asked about how much the buyer's premium/financial indemnity is. They used to publish the table on their website, but no longer; so I grabbed a few indicative fees (plus VAT!):
| Sale Price | Private Buyer | Account Holder |
|---|
| £5,000-5,499 | £265.53 | £103.00 |
| £10,000-10,499 | £318.30 | £133.00 |
| £15,000-15,499 | £318.30 | £163.00 |
| £20,000-20,499 | £429.79 | £195.00 |
One other recently added fee, which drives a stake through the heart of anyone who just fancies 'dabbling' with buying and selling cars, is that anyone who does not hold an account cannot take the V5 away with them. They have to complete it with their own name and address, hand it back, and Manheim forward it to DVLA. So you will automatically add another owner - you. The shocking part is that you have to fill it in yourself and then Manheim charge you £21.28 (plus VAT) just to pop it in the post for you!
First of all, a lot of the prestige vehicles from Tuesday were still on-site, so I grabbed some snaps of a couple of the cars I missed.
This is the monster Dodge Pickup SRT-10. 206 car; SOLD at £16,600.
The £80k Gallardo Spyder
Today's sale:
Nice shiny pimpmobile with the later engine. About eight grand cheaper than a RR of the same age.
2005 55 BMW X5 4.8iS Auto - £14,800 provisional.
Winter ragtop. 2007 07 Honda S2000 - £13,800 provisional
Luxury Exec/people carrier. 2006 56 Mercedes Benz R320L CDi Sport (if you can get over the looks, this is the ONLY model in the R-Class range worth buying). Bargain metal at £14,800 provisional.
Pretty hardtop convertible. 2004 04 Mercedes Benz S500 - £17,600 provisional.
Another bit of heavy metal VFM (not actual car in ths photo, but identical colour and year newer). 2005 55 Mercedes Benz CL500 26k - £15,200 SOLD
Best value bit of Pistonheadry today:
2004 54 Merceds Benz E55 AMG Saloon with panorama roof - £14,300 SOLD - WOW!
Worst value car today
Great colour, two-tone leather, FBMWSH, only 72k miles, but about a grand a half over book IMO (and still only a provisional sale!):
2000 V BMW M5 5.0 V8 - £6,800 provisional
Some of you guys need to calm down a bit!!
That E55 books back mileage adjusted to £14325. If I went for a cheque in the trade it would be £12k and those cars are out there at the moment.
I think it is a great idea to show people what cars can be had at an auction and I don't buy cars like that so it is useful for me to see what they are making.
As for the M5, if you ever buy a car like that in an A line at an auction, good luck and get ready with the cheque book.
That E55 books back mileage adjusted to £14325. If I went for a cheque in the trade it would be £12k and those cars are out there at the moment.
I think it is a great idea to show people what cars can be had at an auction and I don't buy cars like that so it is useful for me to see what they are making.
As for the M5, if you ever buy a car like that in an A line at an auction, good luck and get ready with the cheque book.
emicen said:
R360 said:
That E55 is an absolute bargain.
Also that M5 looks like a good price to me???
Stratstone have a black M5 with similar age and miles in the trader at £6500 iirc.Also that M5 looks like a good price to me???
By duduction, that M5's price should have started with a 5.
R360 said:
emicen said:
R360 said:
That E55 is an absolute bargain.
Also that M5 looks like a good price to me???
Stratstone have a black M5 with similar age and miles in the trader at £6500 iirc.Also that M5 looks like a good price to me???
By duduction, that M5's price should have started with a 5.
The next cheapest one in the trader is £7450
OP, once again MANY thanks for posting this. I'm a busy person and Colchester is a long long way away from me, so I'd never find out this information without your posts. May check it out in the new year, even though it is a long trip; dad is looking for a new car.
Thanks once again, I really appreciate your photos etc, hope it doesn't put you out too much.
Thanks once again, I really appreciate your photos etc, hope it doesn't put you out too much.
another many thanks for taking time to postinternet-carlot said:
Some of you guys need to calm down a bit!!
That E55 books back mileage adjusted to £14325. If I went for a cheque in the trade it would be £12k and those cars are out there at the moment.
I think it is a great idea to show people what cars can be had at an auction and I don't buy cars like that so it is useful for me to see what they are making.
As for the M5, if you ever buy a car like that in an A line at an auction, good luck and get ready with the cheque book.
Exactly, some cars are there for a reason!That E55 books back mileage adjusted to £14325. If I went for a cheque in the trade it would be £12k and those cars are out there at the moment.
I think it is a great idea to show people what cars can be had at an auction and I don't buy cars like that so it is useful for me to see what they are making.
As for the M5, if you ever buy a car like that in an A line at an auction, good luck and get ready with the cheque book.
haggy said:
internet-carlot said:
Some of you guys need to calm down a bit!!
That E55 books back mileage adjusted to £14325. If I went for a cheque in the trade it would be £12k and those cars are out there at the moment.
I think it is a great idea to show people what cars can be had at an auction and I don't buy cars like that so it is useful for me to see what they are making.
As for the M5, if you ever buy a car like that in an A line at an auction, good luck and get ready with the cheque book.
Exactly, some cars are there for a reason!That E55 books back mileage adjusted to £14325. If I went for a cheque in the trade it would be £12k and those cars are out there at the moment.
I think it is a great idea to show people what cars can be had at an auction and I don't buy cars like that so it is useful for me to see what they are making.
As for the M5, if you ever buy a car like that in an A line at an auction, good luck and get ready with the cheque book.
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