BCA Car auctions
Discussion
I'm due to get a new motor in a few months time and in true nerdy petrol head fashion I'm already researching my short list in great detail and how I'm going to buy it too. 
Considering a car auction first the first time and buying something still within the warranty window (i.e. 1-2 years old).
A few questions wondered anyone could help with.
Lets say I'm bidding on a BMW for around £35-40k. Does anyone know what the likely buyers fees will be, can't find out their website?
Is there a price differential between auctions in the South and Midlands/North? i.e. is it worth going to the Auctions in Nottingham vs Surrey?
Is the discount to private sales via Autotrader worth the risk?
Any feedback would be welcomed.
Considering a car auction first the first time and buying something still within the warranty window (i.e. 1-2 years old).
A few questions wondered anyone could help with.
Lets say I'm bidding on a BMW for around £35-40k. Does anyone know what the likely buyers fees will be, can't find out their website?
Is there a price differential between auctions in the South and Midlands/North? i.e. is it worth going to the Auctions in Nottingham vs Surrey?
Is the discount to private sales via Autotrader worth the risk?
Any feedback would be welcomed.
Not determined to buy at auction, my thinking was that if you're buying something with warranty/low miles your risk is relatively low you'll get a stinker and you're getting it minus main dealer margin.
Are the prices at auction really at retail levels?
Here is an example..
Are the prices at auction really at retail levels?
Here is an example..
Edited by handbraketurn on Wednesday 29th January 19:36
A pal of mine is in the motor trade, so I can give him the number plates and get the glasses guide to get a steer on what the dealer pricing would likely be, plus have a good idea of what is in the market via Auto-trader, not going to bid on something if it gets over sensible levels, but thought it might be worth a look.
Esp for models like the above which are depreciating like a bomb anyway, anything to put a larger buffer between purchase price and rapidly reducing future values.
Would i be right in thinking that traders would be less interested in models which are depreciating.
The above is c£70k list and there area already similar spec'd / aged models at £35k, 50% depreciation within warranty window. Harsh!
Esp for models like the above which are depreciating like a bomb anyway, anything to put a larger buffer between purchase price and rapidly reducing future values.
Would i be right in thinking that traders would be less interested in models which are depreciating.
The above is c£70k list and there area already similar spec'd / aged models at £35k, 50% depreciation within warranty window. Harsh!
confused_buyer said:
handbraketurn said:
A pal of mine is in the motor trade, so I can give him the number plates and get the glasses guide to get a steer on what the dealer pricing would likely be, plus have a good idea of what is in the market via Auto-trader, not going to bid on something if it gets over sensible levels, but thought it might be worth a look.
The thing to watch is that BMW Group "open" auctions are not always what they seem. They are designed to distribute stock around BMW dealers and keep CAP guide prices high. They are frequently a waste of time if you are not a BMW dealer or don't want a car in green with purple seats and 14" alloys.
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