Auction charges

Author
Discussion

matty hill

Original Poster:

24 posts

115 months

Monday 22nd September 2014
quotequote all
That sounds like a fair evaluation, but it is simply the fact that they have inflated the charges if the vehicle is expensive then that is just the nature of the auction (most of the time) but the charges are terrible and it is based on the vehicle being sold for a higher price which gives the auction house incentive to sell for more..

I have had looked at dealer auction and sytner site aswell. seems better than BCA but the stock isnt really fleet.

matty hill

Original Poster:

24 posts

115 months

Monday 22nd September 2014
quotequote all
It seems like 1 link are the only other place i can get fleet and to all you scare mongers out there the charges are a flat rate!!!!!!!!

Dont get me wrong i will have to look through the stock and see if its suitable but that puts an end to the high charges!!!


va1o

16,032 posts

207 months

Monday 22nd September 2014
quotequote all
They have got excessively high recently, and its not just the buyers fees as you've additionally got charges for sending of the V5, mechanical reports and storage. Prices for high mileage stuff seems particularly stupid, I saw a 5-year old poor condition 140k miles Golf diesel reach nearly £7k the other day.

jayemm89

4,036 posts

130 months

Monday 22nd September 2014
quotequote all
First time i bought something at auction I was shocked to find I paid a buyer's premium. I cannot think of anywhere else I've been charged a fee for being the buyer of an item (excluding VAT). As a seller, I understand a fee, but H&H as an exampel charge the seller AND buyer a percentage, AND there's a listing fee. I think it's extortionate personally.

SluffMcDuff

43 posts

124 months

Tuesday 23rd September 2014
quotequote all
What you're missing is that the purchase price plus the fees go together to make up the total buying price.

If the hammer price is £5000 and fees are £300, it will stand the buyer in at £5300. A car is only worth what someone is prepared to pay, so that car is worth £5300 in trade.

If the fees were £100 it is still worth £5300 to a buyer so it would get bid up to £5200 (everything else being equal)

The fees are cheaper on 1 Link, but expect to pay a higher purchase price for the car to compensate.

I sell fleet cars in large numbers, and I know that every £ of fees is a £ less I'll get on the hammer price

matty hill

Original Poster:

24 posts

115 months

Tuesday 23rd September 2014
quotequote all
Again thats a pretty fair evaluation... to be honest i have had a look at the 1 link disposal stock now and i think the vehicles are cheaper, i may be wrong but if i am just adding on £50 per vehicle for fees then overall i think its cheaper, in fact i have just checked with a golf i bought last month from BCA and it worked out at £400 cheaper, ok the vehicle is not there infront of you but the vehicle reports are pretty good as well.

The sytner site isnt bad but its ex fleet i want becuase of the maintenence hisotory.

Any other good ideas to look at people?


va1o

16,032 posts

207 months

Tuesday 23rd September 2014
quotequote all
SluffMcDuff said:
What you're missing is that the purchase price plus the fees go together to make up the total buying price.

If the hammer price is £5000 and fees are £300, it will stand the buyer in at £5300. A car is only worth what someone is prepared to pay, so that car is worth £5300 in trade.

If the fees were £100 it is still worth £5300 to a buyer so it would get bid up to £5200 (everything else being equal)

The fees are cheaper on 1 Link, but expect to pay a higher purchase price for the car to compensate.

I sell fleet cars in large numbers, and I know that every £ of fees is a £ less I'll get on the hammer price
I see what you're trying to say but not sure I agree. Most cars I've seen at BCA achieve CAP+fees, and obviously the fee amount differs depending on account level.

matty hill

Original Poster:

24 posts

115 months

Tuesday 23rd September 2014
quotequote all
I also find that the price at auction meets cap and then i have the buyer fees on top, not all the time but most times.

matty hill

Original Poster:

24 posts

115 months

Wednesday 24th September 2014
quotequote all
What places do you guys use?


ecsrobin

17,117 posts

165 months

Wednesday 24th September 2014
quotequote all
matty hill said:
What places do you guys use?
I purchase all my cars at auction from:

RM Auctions
Bonhams
Silverstone Auctions

matty hill

Original Poster:

24 posts

115 months

Wednesday 24th September 2014
quotequote all
what are they like for fees? and do they do fleet?

oilslick

903 posts

186 months

Wednesday 24th September 2014
quotequote all
matty hill said:
what are they like for fees? and do they do fleet?
You seem to be confused, this is a car forum not a personal Google service.

matty hill

Original Poster:

24 posts

115 months

Wednesday 24th September 2014
quotequote all
I was just trying to research other ways, oobviously some people cant help but be negative....

But in all honesty i have some really good feedback from felow traders.


996TT02

3,308 posts

140 months

Wednesday 24th September 2014
quotequote all
SluffMcDuff said:
What you're missing is that the purchase price plus the fees go together to make up the total buying price.

If the hammer price is £5000 and fees are £300, it will stand the buyer in at £5300. A car is only worth what someone is prepared to pay, so that car is worth £5300 in trade.

If the fees were £100 it is still worth £5300 to a buyer so it would get bid up to £5200 (everything else being equal)

The fees are cheaper on 1 Link, but expect to pay a higher purchase price for the car to compensate.

I sell fleet cars in large numbers, and I know that every £ of fees is a £ less I'll get on the hammer price
This, really. Same as Ebay and postage costs.

Free postage means the item will be bid up higher to its full value, and if not, the bit amount will depend on the postage cost, till the item again reaches full value in total cost.





matty hill

Original Poster:

24 posts

115 months

Monday 29th September 2014
quotequote all
Well yes but even on the 1 link the sales price are lower, and you have less chance of the auctioneer bidding up the vehicles. As they are afterall on commission.

matty hill

Original Poster:

24 posts

115 months

Tuesday 30th September 2014
quotequote all
oilslick obviously has too much time and no life..

kriss

244 posts

219 months

Tuesday 30th September 2014
quotequote all
PLUG "GlassNet Trade Alerts" PLUG

I am product manager for Glass's Guide.

There are many "trade to trade" platforms that offer vehicles for sale from one trader to another.

Typically part exchanges or stock that does not perform against expectation in their area. Regional Supply and Demand.

The cost involved is a monthly membership/access, rather than transaction upon each vehicle.

matty hill

Original Poster:

24 posts

115 months

Tuesday 30th September 2014
quotequote all
There are some good trade to trade platforms but sometimes when you go and collect the vehicle it isnt the best because when they said £200 prep they meant 3 new panels.

Thats why i wanted to buy from fleet becuase the vehicles are a better standard.
and the only places to buy direct fleet are the likes of manheim BCA SMA, 1 link disposal.
all of these are auctions but 1 link disposal has flat buyer rates. BCA seem to make it up as they go along!!!