Why do people sell cars at auction?
Discussion
ThePrincipal said:
Thank you for this. I have read through it and don't fully understand it but I will certainly look into it once I get my head around it.Engage a UK solicitor to act on your behalf - there's probably one on here that could help. If not I can pass you details of the guy who does all my business legals, including commercial litigation.
By not acting you allow companies like this to continue to take the piss with people and further damage the market for companies that act honestly.
By not acting you allow companies like this to continue to take the piss with people and further damage the market for companies that act honestly.
Maranellohouse said:
Ferruccio said:
Why are you bothering with that?
The only way to deal with people like that is to issue proceedings against them.
It’s a straightforward matter of contract.
They will have no defence.
So they will pay.
And if they can’t, once you have judgement, you can wind them up, to stop them doing it to others for a while.
I'd love to be able to do that but I'm in Northern Ireland and they are in London and as far as I am aware it works differently plus I haven't the money to take them on because they have it. The only way to deal with people like that is to issue proceedings against them.
It’s a straightforward matter of contract.
They will have no defence.
So they will pay.
And if they can’t, once you have judgement, you can wind them up, to stop them doing it to others for a while.
Under a contracted dated........
Car sold.
No funds received despite being chased x times on dates y.
And they would seem to have no defence.
I don’t know but an NI solicitor should be able to issue on the mainland. It’s just straightforward form filling. Or take up Voicey’s offer.
If you have much at stake, I think you need to hire a solicitor to get a claim letter off to them ASAP. You can decide if you want to issue proceedings afterwards. The initial outlay will be small. I hired solicitors to get £5,000 back from a garage and got £4,000 and £1,000 for their costs. I'm sure I would have whistled in the wind forever just sending emails and getting phone calls ignored.
Those who shout loudest and create the most fuss get paid off first if a problem is coming. Be one of those people. If the T's and C's state that they hold your money in trust (and not just that they owe you a contract debt), be sure to reflect that point in your demand letter so that any liquidator is on notice. It may not save you but shout early and shoot first if you want your money. I have no idea who you are talking about and am only speaking generically here.
Those who shout loudest and create the most fuss get paid off first if a problem is coming. Be one of those people. If the T's and C's state that they hold your money in trust (and not just that they owe you a contract debt), be sure to reflect that point in your demand letter so that any liquidator is on notice. It may not save you but shout early and shoot first if you want your money. I have no idea who you are talking about and am only speaking generically here.
voicey said:
Engage a UK solicitor to act on your behalf - there's probably one on here that could help. If not I can pass you details of the guy who does all my business legals, including commercial litigation.
By not acting you allow companies like this to continue to take the piss with people and further damage the market for companies that act honestly.
If I had the money believe me I wouldnt hesitate.By not acting you allow companies like this to continue to take the piss with people and further damage the market for companies that act honestly.
Maranellohouse said:
voicey said:
Engage a UK solicitor to act on your behalf - there's probably one on here that could help. If not I can pass you details of the guy who does all my business legals, including commercial litigation.
By not acting you allow companies like this to continue to take the piss with people and further damage the market for companies that act honestly.
If I had the money believe me I wouldnt hesitate.By not acting you allow companies like this to continue to take the piss with people and further damage the market for companies that act honestly.
Maranellohouse said:
Ferruccio said:
Why are you bothering with that?
The only way to deal with people like that is to issue proceedings against them.
It’s a straightforward matter of contract.
They will have no defence.
So they will pay.
And if they can’t, once you have judgement, you can wind them up, to stop them doing it to others for a while.
I'd love to be able to do that but I'm in Northern Ireland and they are in London and as far as I am aware it works differently plus I haven't the money to take them on because they have it. The only way to deal with people like that is to issue proceedings against them.
It’s a straightforward matter of contract.
They will have no defence.
So they will pay.
And if they can’t, once you have judgement, you can wind them up, to stop them doing it to others for a while.
You could print 5000 flyers out about their practices and fly to Essen and hand them out to auction attendees...
I have sold two classics (not supercars) through Brightwells recently, both hit the target figure and i would say they were marmite cars which would be tricky to sell elsewhere hence choosing the auction route. The company were efficient to deal with and i would use them again without hesitation. Am i allowed to name drop in a good way?! too late it is done and i'm not connected to them in any way.
Solicitors letter sent off last Thursday. Now its a waiting game.
What gets me most is the people concerned have fully acknowledged they were at fault on all counts and kept telling me my cheque was being sorted but each time there has been reason after reason given for that not happening! Last week it was that the accountant had to take the cheque to Germany to get the MD to sign it. When I pointed out that things were getting silly now, how hard was it to sign a cheque, put it in an envelope and send it. I did add-libly ask if they had the funds to pay me and that seemed to be the point at which I was told I was abusive and threatening and they would not be having any further contact with me.
Its all very bizarre. If I was them I'd be looking me off their backs as quickly and quietly as possible.
What gets me most is the people concerned have fully acknowledged they were at fault on all counts and kept telling me my cheque was being sorted but each time there has been reason after reason given for that not happening! Last week it was that the accountant had to take the cheque to Germany to get the MD to sign it. When I pointed out that things were getting silly now, how hard was it to sign a cheque, put it in an envelope and send it. I did add-libly ask if they had the funds to pay me and that seemed to be the point at which I was told I was abusive and threatening and they would not be having any further contact with me.
Its all very bizarre. If I was them I'd be looking me off their backs as quickly and quietly as possible.
Maranellohouse said:
South tdf said:
From experience I expect a cheque will be issued soon assuming funds have started coming in from last Saturdays sale.
Appreciate you trying to keep up my spirits, thank you.I used this company to sell my car at auction and for information purposes I have posted links to the timeline of my dealings help anyone thinking of using them decide if this is the path for them.
http://www.maranellohouse.net/coys.html
http://www.maranellohouse.net/coys2.html
http://www.maranellohouse.net/coys3.html
Links updated for easier reading
http://www.maranellohouse.net/coys.html
http://www.maranellohouse.net/coys2.html
http://www.maranellohouse.net/coys3.html
Links updated for easier reading
Edited by Maranellohouse on Friday 3rd May 10:26
very sorry to hear about your problems getting paid for your car,was thinking about auction route after very little interest from classified adverts sounds like this could be a mindfield in it's self,i have been following your plight with interest,i tried email you via the email links above but have been told that your address can not found,it could be me as not to good on the pc,could you please send me page 1 and page 2 if possible,my e mail is dogfightvonclouse@gmail.com, hope you get paid very soon for your car it must be a big worry over your head,
i've heard a lot of horror stories about this auction house but this must be the worst yet,i really feel for you for what they put you though stuart ,a friend of mine sold his aston martin via them and as with you the payment did not arrive in said time,he was told that the buyer had found the chassis had serious rust and was holding back payment although they had not informed him of this up to this point, he is a engineer and had done a lot of restoration on the car so knew the chassis was fine ,some how he managed to get in touch with the buyer who was not only pleased with his purchase but the car was in germany after payment was made a day after the auction.funds were only sent after a solicitors letter to them,can't believe people are still entering cars with them,like lambs to the slaughter, they are the only auction house that are reluctant to print their results , highway robbers in pinstripe suits comes to mind !
rat rod said:
i've heard a lot of horror stories about this auction house but this must be the worst yet,i really feel for you for what they put you though stuart ,a friend of mine sold his aston martin via them and as with you the payment did not arrive in said time,he was told that the buyer had found the chassis had serious rust and was holding back payment although they had not informed him of this up to this point, he is a engineer and had done a lot of restoration on the car so knew the chassis was fine ,some how he managed to get in touch with the buyer who was not only pleased with his purchase but the car was in germany after payment was made a day after the auction.funds were only sent after a solicitors letter to them,can't believe people are still entering cars with them,like lambs to the slaughter, they are the only auction house that are reluctant to print their results , highway robbers in pinstripe suits comes to mind !
What amazes me is that people don't appear to do any basic research before entrusting a very valuable asset to an auction house. i think the name's been around a long time be it under different managements and the posh title, some car people don't eat,sleep and drink the classic car world like we do and are oblivious to what's going on, they are very convincing on the telephone especially when you have have no interest or just time wasters from your advert,they make it sound so easy and stress free compared to complete strangers coming to your house and pulling your pride and joy to pieces and offering you a bag of chips for it.someone who is quite well known in the classic car world and is no fool purchased a ferrari 330 from this auction house at the time they went into receivership and got a visit from the police saying the car had been reported stolen .the vendor in a panic on hearing he wasn't going to get paid reported it stolen in the hope he may get it back,can't help feeling for the guy as not only did he loose his car the police charged him for wasting their time .the buyer was able to keep the ferrari but not after some legal expence ,
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