The Collecting Cars Porsche thread…

The Collecting Cars Porsche thread…

Author
Discussion

identti

2,384 posts

233 months

Sunday 7th July
quotequote all
thegreenhell said:
It looks like the same car that's been up on Autotrader for a while.

https://www.autotrader.co.uk/car-details/202405129...

I thought CC had a rule that you couldn't advertise the car anywhere else while the auction was live?
Yes I've noticed that too. I have sold with CC in the past and that certainly used to be the rule.

Currently it doesn't say "no reserve" so I expect they'll be hoping to get close to the Autotrader price, but CC push you to remove your reserve on the final day or two, so we shall see.

Looking at the brake pads, the retrofitted half cage and the fact it's recently been resprayed, I'm guessing it's seen quite a bit of track use, but hard to tell if it's had any major shunts.

Hopefully someone on here knows the car and can shed some light on that soon.

RS Guy

267 posts

27 months

Tuesday 16th July
quotequote all
Not read the all the posts but have many on here sold/purchased with them?

Does the customer payment go direct to the seller or CC?

PM if you wish.

Moderator edit: no advertising

GT3Manthey

4,738 posts

57 months

Wednesday 17th July
quotequote all
RS Guy said:
Not read the all the posts but have many on here sold/purchased with them?

Does the customer payment go direct to the seller or CC?

PM if you wish.

Moderator edit: no advertising
Have bought and sold a good few times.

CC's don't get involved in the transaction between buyer and seller . That's generally done on the day of collection directly.

CC's merely take payment from the buyers registered card the moment the auction finishes assuming the reserve is met.

BertBert

19,777 posts

219 months

Wednesday 17th July
quotequote all
RS Guy said:
Not read the all the posts but have many on here sold/purchased with them?

Does the customer payment go direct to the seller or CC?

PM if you wish.

Moderator edit: no advertising
Just in case it's not clear the transaction to buy the car is a private sale (unless they are a dealer), so caveat emptor.

RS Guy

267 posts

27 months

Wednesday 17th July
quotequote all
Thanks for the replies they're a great help.


Merp

2,252 posts

260 months

Monday 2nd September
quotequote all
https://collectingcars.com/for-sale/2014-porsche-9...

This appears to have gone very cheap. Any ideas why?

Wilmslowboy

4,339 posts

214 months

Tuesday 3rd September
quotequote all
Merp said:
https://collectingcars.com/for-sale/2014-porsche-9...

This appears to have gone very cheap. Any ideas why?
Modified.

“..the vehicle was tuned to 610bhp under previous ownership.
Uprated Bilstein suspension”

Also appears to have no sunroof, or steering wheel with paddles.

BAMoFo

846 posts

264 months

Tuesday 3rd September
quotequote all
Wilmslowboy said:
Merp said:
https://collectingcars.com/for-sale/2014-porsche-9...

This appears to have gone very cheap. Any ideas why?
Modified.

“..the vehicle was tuned to 610bhp under previous ownership.
Uprated Bilstein suspension”

Also appears to have no sunroof, or steering wheel with paddles.
It had only one stamp in the service book and the buyer was very cagey with answers to questions. My spidey senses were tingling so I wasn't interested in bidding on it.

ATM

18,968 posts

227 months

Tuesday 3rd September
quotequote all
Today I was reading - link below - about someone who sold via CC and then the buyer started chipping the price after the auction ended. I thought the deal is guaranteed? Can buyers pull out or haggle afterwards?

https://forums.m3cutters.co.uk/threads/mperformanc...

relevantSection said:
Buyer sent someone to collect on their behalf who was a detailer. Started suggesting paint was low in places suggesting previous repairs and they believed possible previous accident to front wing. Called the buyer who said they wouldn't be willing to buy at the auction price and knocked a considerable price of the sale fee. So I declined the offer.

BAMoFo

846 posts

264 months

Wednesday 4th September
quotequote all
^^^^ I'm pretty sure that the buyer can haggle or withdraw from the sale because it has happened on numerous occasions. Collecting Cars only seem to care about getting their commission (which is taken as soon as the auction ends). After that it is pretty much akin to a private sale between the vendor and buyer.

blacksun80

50 posts

60 months

Wednesday 4th September
quotequote all
BAMoFo said:
^^^^ I'm pretty sure that the buyer can haggle or withdraw from the sale because it has happened on numerous occasions. Collecting Cars only seem to care about getting their commission (which is taken as soon as the auction ends). After that it is pretty much akin to a private sale between the vendor and buyer.
I understood the same. And if that is the case and the deposit is lost for the winner of the auction I would think they will not walk away unless car has real material issues (worth more than 7.2% of the purchase price which they already lost on auction)

PinkHouse

1,811 posts

65 months

Wednesday 4th September
quotequote all
blacksun80 said:
BAMoFo said:
^^^^ I'm pretty sure that the buyer can haggle or withdraw from the sale because it has happened on numerous occasions. Collecting Cars only seem to care about getting their commission (which is taken as soon as the auction ends). After that it is pretty much akin to a private sale between the vendor and buyer.
I understood the same. And if that is the case and the deposit is lost for the winner of the auction I would think they will not walk away unless car has real material issues (worth more than 7.2% of the purchase price which they already lost on auction)
That reason works well in theory but falls short on the assumption that everyone pays 7.2%. CC have been quite open about the fact they'll happily accept a smaller portion of their fee to push a sale through. Car traders that frequently buy stock from the site probably have arrangements for a discounted fee and when you take into account the saving on VAT that brings the true costs for the trade buyers much lower than the headline 7.2%

donutskidmark

1,312 posts

161 months

Monday 16th September
quotequote all
I bought an expensive watch through the Collecting Cars sister website Collecting watches.
In the auction sale photos it clearly had pics of the original sales receipt etc and stated ‘included is the original sales paperwork.
When buying a very expensive watch obviously having all the original paperwork is a big bonus regarding residual value.
I paid the winners commission to Collecting Watches, paid the winning bid to the vendor - I drove 2hrs to collect the watch, and he refused to give me the original sales receipt. I phoned the collecting watches office and explained that I should get everything listed in the auction sales post and they told me to ‘speak to the vendor’ - and that was the extent of their help.
To be fair I was appalled that after creaming several grand commission they were prepared to do nothing.

KittyLitter

1,113 posts

8 months

Monday 16th September
quotequote all
donutskidmark said:
I bought an expensive watch through the Collecting Cars sister website Collecting watches.
In the auction sale photos it clearly had pics of the original sales receipt etc and stated ‘included is the original sales paperwork.
When buying a very expensive watch obviously having all the original paperwork is a big bonus regarding residual value.
I paid the winners commission to Collecting Watches, paid the winning bid to the vendor - I drove 2hrs to collect the watch, and he refused to give me the original sales receipt. I phoned the collecting watches office and explained that I should get everything listed in the auction sales post and they told me to ‘speak to the vendor’ - and that was the extent of their help.
To be fair I was appalled that after creaming several grand commission they were prepared to do nothing.
i trust you walked away.

BertBert

19,777 posts

219 months

Monday 16th September
quotequote all
KittyLitter said:
donutskidmark said:
I bought an expensive watch through the Collecting Cars sister website Collecting watches.
In the auction sale photos it clearly had pics of the original sales receipt etc and stated ‘included is the original sales paperwork.
When buying a very expensive watch obviously having all the original paperwork is a big bonus regarding residual value.
I paid the winners commission to Collecting Watches, paid the winning bid to the vendor - I drove 2hrs to collect the watch, and he refused to give me the original sales receipt. I phoned the collecting watches office and explained that I should get everything listed in the auction sales post and they told me to ‘speak to the vendor’ - and that was the extent of their help.
To be fair I was appalled that after creaming several grand commission they were prepared to do nothing.
i trust you walked away.
Having paid for the watch and the fee?

KittyLitter

1,113 posts

8 months

Monday 16th September
quotequote all
BertBert said:
Having paid for the watch and the fee?
One has to pay before even seeing it in person? even eBay has a protection scheme should an item not be what one expected.

bosshog

1,650 posts

284 months

Tuesday 17th September
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I can’t see why people use collecting cars - super risky

Wills2

24,507 posts

183 months

Tuesday 17th September
quotequote all
bosshog said:
I can’t see why people use collecting cars - super risky
Same for any auction yet millions of items go under the hammer every year.


ATM

18,968 posts

227 months

Tuesday 17th September
quotequote all
KittyLitter said:
BertBert said:
Having paid for the watch and the fee?
One has to pay before even seeing it in person? even eBay has a protection scheme should an item not be what one expected.
I thought you pay the fee to CC [and also CW] when the auction completes. And then they give you the sellers contact details. Then you make arrangements with the seller to pay them for their item and obviously collect it. I mentioned earlier that someone on m3cutters website mentioned they tried selling a car on CC but the buyer started haggling after winning the auction. So no deal was done and the car wasn't sold.

honda_exige

6,668 posts

214 months

Tuesday 17th September
quotequote all
Wills2 said:
bosshog said:
I can’t see why people use collecting cars - super risky
Same for any auction yet millions of items go under the hammer every year.
Is it? With auction houses you have a come back if not as described or fake do you not? With CC as its not an auction but I believe technically it's just a service that introduces you to the seller there is zero come back whatsoever?