Discussion
Just sharing my frustration. I know I’m not being totally reasonable but that doesn’t stop me being annoyed.
I’ve won the same car many times on eBay but never made the reserve. Let’s use fake numbers that are easy to demonstrate.
Won auction at $7500. Reserve not met.
Won auction at $8000, same. Both of these I bid $10k. Contacted seller to see if we can make a deal. No response. I found a classified for the same car at $14k.
The auction finished again today and I was at $10.5. I sent another message saying I’m willing to do a deal. Nothing.
Other cars of a similar spec are listed for $12k+ but not moving.
If he wants to wait for the Summer rush, then why list? This is a dealer who has had the car listed for over a year. It’s 13 years old though so not as time sensitive.
The point I’ve made in my mind is that the market has spoken and it is saying $7.5k. I’m willing to exceed that by 25% so bloody sell me the car! It looks like the dealer was happy to sit on it for 12 months and will sit on it for 12 more months.
I’ve won the same car many times on eBay but never made the reserve. Let’s use fake numbers that are easy to demonstrate.
Won auction at $7500. Reserve not met.
Won auction at $8000, same. Both of these I bid $10k. Contacted seller to see if we can make a deal. No response. I found a classified for the same car at $14k.
The auction finished again today and I was at $10.5. I sent another message saying I’m willing to do a deal. Nothing.
Other cars of a similar spec are listed for $12k+ but not moving.
If he wants to wait for the Summer rush, then why list? This is a dealer who has had the car listed for over a year. It’s 13 years old though so not as time sensitive.
The point I’ve made in my mind is that the market has spoken and it is saying $7.5k. I’m willing to exceed that by 25% so bloody sell me the car! It looks like the dealer was happy to sit on it for 12 months and will sit on it for 12 more months.
no idea if it helps, but I often ask what the reserve is. If they won't tell me, then I'm not bidding. If it's ok, then I'll bid. If it's close, then I may see how the bidding goes and then see if we can do a deal later if it doesn't quite make it.
Most often, people tell me what it is.
Most often, people tell me what it is.
I suspect the classified AD at $14.2k is the reserve of the auction. Having said that, last night I got a message saying the reserve had been lowered but I still didn’t meet it.
I know the seller can want what ever price they dream and sit on the car for ever if they want to. It’s just annoying that they have put it in for auction so many times and are not willing to let it go for 25% more than it has ever bid to. I will be honest that there is another similar spec car where I’m having the same issue so it is clear they want to sit on them and hope the market takes a positive swing.
The reality is that I have wife’s approval to go forward with the purchase and can’t close. I keep getting messages from eBay telling me I am about to own the car but that clearly isn’t true as I haven’t me the reserve.
I’m just going to up my budget. Wife isn’t going to be happy. Might require business case presentation.
I know the seller can want what ever price they dream and sit on the car for ever if they want to. It’s just annoying that they have put it in for auction so many times and are not willing to let it go for 25% more than it has ever bid to. I will be honest that there is another similar spec car where I’m having the same issue so it is clear they want to sit on them and hope the market takes a positive swing.
The reality is that I have wife’s approval to go forward with the purchase and can’t close. I keep getting messages from eBay telling me I am about to own the car but that clearly isn’t true as I haven’t me the reserve.
I’m just going to up my budget. Wife isn’t going to be happy. Might require business case presentation.
Added to all this, I’m willing to buy sight unseen, no guarantee, I’m even not asking to hear the engine run. Just stick it on the transporter I send and that’s it.
Clearly, the vendor thinks it is worth $14.2k. The market thinks otherwise but he isn’t moving.
Clearly, the vendor thinks it is worth $14.2k. The market thinks otherwise but he isn’t moving.
Edited by h0b0 on Sunday 17th January 02:07
h0b0 said:
The fake numbers are just missing a 0, other than that, they are accurate. The car(s) in question are Ferrari 599s. There are two currently doing the same dance from different dealers. One of which I want.
If they are from a dealer are they being sold on any other platform other than ebay? Do they not have their own website with a classified add? For a car that much to be only sold on ebay would be odd.
The dealer has the one car I want up at $142k. I only found this after the first auction ended. Clearly the dealer wants to hold on to the car and get a much higher price than auctions are valuing it at. I’m not just going on eBay for auction valuations either. Other more suitable platforms are selling at about $100k.
I can’t see the car appreciating in value in the next 12 months so they will be sitting on a car they have already had for 12 months.
I also agree auctions with reserves are a waste of time because clearly the reserve is the classified price. Another car I have been winning over and over again had the reserve dropped but still not to a price I’m willing to pay.
I can’t see the car appreciating in value in the next 12 months so they will be sitting on a car they have already had for 12 months.
I also agree auctions with reserves are a waste of time because clearly the reserve is the classified price. Another car I have been winning over and over again had the reserve dropped but still not to a price I’m willing to pay.
It's a pretty regular scam. They don't want you to buy through eBay. They put a silly reserve on so it can't sell, it's effectively just using eBay for advertising. Assumption being if you want to buy a used Ferrari you are serious enough to go buy one directly, not bid on eBay for one ...
I think the 599 represents a good long term investment. I don’t think it has much left to depreciate and in a few years time I will be able to sell for the price I pay, or a little more.
Short term, I think there is a significant risk due to Biden/COVID/world economy. If I had a dealership I’d be looking to sell stock and get some money in. However, I suspect this may be SOR and that would mean the owner can play a long game.
Short term, I think there is a significant risk due to Biden/COVID/world economy. If I had a dealership I’d be looking to sell stock and get some money in. However, I suspect this may be SOR and that would mean the owner can play a long game.
drgoatboy said:
It's a pretty regular scam. They don't want you to buy through eBay. They put a silly reserve on so it can't sell, it's effectively just using eBay for advertising. Assumption being if you want to buy a used Ferrari you are serious enough to go buy one directly, not bid on eBay for one ...
This is a very good point. Have you tried searching online for the dealer's website, to see if the car you want is advertised there? It's not uncommon to have expensive/sports/prestige cars listed as "POA" (price on application), so if that's the case, phone the dealer, say you've seen a car you like on their website, and would like to do a deal on price. See what they say.h0b0 said:
So far, so straightforward. The dealer wants $142,800 for this car. What would you like to pay for it?h0b0 said:
Have you picked up the phone and rung them? Explain you are really interested, you bid on eBay, you would like to buy it.Certainly in the UK dealers rarely even answer direct emails let alone eBay messages. I'm not even slightly surprised you've not had much luck with them.
I know how to make a traditional deal. I could call them up and make an offer. That isn’t what this thread is about.
The point is that they chose to use a platform to sell the vehicle but with no intention of the auction running its course. I understand it is extra advertising but why do it if they are not willing to take an offer.
Also, I have sent multiple messages through eBay and received nothing. I have offered up to $10k more than my highest bid and up to $30k more than the auction ended. Clearly, I’m not the typical dreamer on eBay so they should at least try! Even if we can’t do a deal on this car they may have another.
The point is that they chose to use a platform to sell the vehicle but with no intention of the auction running its course. I understand it is extra advertising but why do it if they are not willing to take an offer.
Also, I have sent multiple messages through eBay and received nothing. I have offered up to $10k more than my highest bid and up to $30k more than the auction ended. Clearly, I’m not the typical dreamer on eBay so they should at least try! Even if we can’t do a deal on this car they may have another.
h0b0 said:
I know how to make a traditional deal. I could call them up and make an offer. That isn’t what this thread is about.
The point is that they chose to use a platform to sell the vehicle but with no intention of the auction running its course. I understand it is extra advertising but why do it if they are not willing to take an offer.
Also, I have sent multiple messages through eBay and received nothing. I have offered up to $10k more than my highest bid and up to $30k more than the auction ended. Clearly, I’m not the typical dreamer on eBay so they should at least try! Even if we can’t do a deal on this car they may have another.
Sorry, don't take that the wrong way. Didn't mean to sound rude...The point is that they chose to use a platform to sell the vehicle but with no intention of the auction running its course. I understand it is extra advertising but why do it if they are not willing to take an offer.
Also, I have sent multiple messages through eBay and received nothing. I have offered up to $10k more than my highest bid and up to $30k more than the auction ended. Clearly, I’m not the typical dreamer on eBay so they should at least try! Even if we can’t do a deal on this car they may have another.
I agree it sucks, they don't use the system like they should.
Same with a lot of websites with "contact us" facilities. Personal experience would suggest less than 50% of companies actually bother to respond to those things.
Why bother having them if you know you won't use them!
Not sure why this has to be so complicated? They have a price, any serious buyer will call and negotiate - if they won't accept your offer that's their prerogative, quite why eBay are supposed to be at fault is beyond me.
If you are serious call them, if not move on and find another at a price acceptable to you.
If you are serious call them, if not move on and find another at a price acceptable to you.
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