Why do people sell cars at auction?

Why do people sell cars at auction?

Author
Discussion

L99LMK

5 posts

57 months

Tuesday 6th August 2019
quotequote all
Absolutely appalling.
We went down there once and were given the usual list of excuses. We also mentioned all the stuff we found online, CEO arrested and jailed in Munich for Fraud / late payments etc, they managed to find an excuse for each and everything.

We need to get together and show COYS that they cannot treat people in this way! They are keeping peoples money and using it for their own needs. Money laundering at its greatest!

Although we have the money I do not feel that it's quite correct to just disappear and leave someone else to fall foul of them. I think people need to know how dodgy they are!



Maranellohouse

172 posts

208 months

Wednesday 7th August 2019
quotequote all
L99LMK said:
Absolutely appalling.
We went down there once and were given the usual list of excuses. We also mentioned all the stuff we found online, CEO arrested and jailed in Munich for Fraud / late payments etc, they managed to find an excuse for each and everything.

We need to get together and show COYS that they cannot treat people in this way! They are keeping peoples money and using it for their own needs. Money laundering at its greatest!

Although we have the money I do not feel that it's quite correct to just disappear and leave someone else to fall foul of them. I think people need to know how dodgy they are!
I am willing to help however I can. In fact I was contacted last night by another man who they have not paid after the sale of his Lambo, asking for my solicitors contact details.

indapendentlee

401 posts

99 months

Wednesday 7th August 2019
quotequote all
Could we write to the organisers of the events they sell cars at? It's hard to know what would actually work, if anything.

South tdf

1,530 posts

195 months

Thursday 8th August 2019
quotequote all
Fiammetta said:
They will go bust quicker now as folks run .
Sadly I don’t think people are running as these stories are very under most sellers radar and the marketing machine helps give them credibility (That Philip Glenister program, Top Gear etc) plus the founded date, despite them going bust previously.

My dealings were instigated by placing an advert on a respected classic car website when I was contacted and offered the chance to enter the car which seems a hassle free way of selling.




will_

6,027 posts

203 months

Friday 9th August 2019
quotequote all
indapendentlee said:
Awful, Awful company that will go out of business and take some poor sod's hard earned cash with them.
Surely not?

https://www.telegraph.co.uk/finance/2874724/Classi...

petjam

489 posts

146 months

Friday 9th August 2019
quotequote all
That article is 15 years old. Shows they have done it before though.

TSS

1,130 posts

268 months

Friday 9th August 2019
quotequote all
It appears they have given a 5 star review to an online reputation management company who removed their bad reviews: https://www.freeindex.co.uk/profile(pure-reputatio...rolleyes

So

26,278 posts

222 months

Friday 9th August 2019
quotequote all
TSS said:
It appears they have given a 5 star review to an online reputation management company who removed their bad reviews: https://www.freeindex.co.uk/profile(pure-reputatio...rolleyes
That has to be a wind up, surely?

robinessex

11,057 posts

181 months

Friday 9th August 2019
quotequote all
Maranellohouse said:
4321go said:
Never done it myself, but I’m sure someone on here will have some experience.

You can make a “small claims court” claim online at the gov.uk website. For up to £100,000.

To the best of my knowledge no solicitors are involved. The claimant pays a small fee for the application (which is probable paid by the defendant if the claim is upheld), both sides are asked to make their submissions and the case is decided by a judge......l

Edited by 4321go on Friday 10th May 15:39
I did look into it. Small claims is up to £3K only and it costs £118 to put a claim in for the max.
Small claims is £10,000 max.

27.1

(1) This Part –

(a) sets out the special procedure for dealing with claims which have been allocated to the small claims track under Part 26; and

(b) limits the amount of costs that can be recovered in respect of a claim which has been allocated to the small claims track.

(Rule 27.14 deals with costs on the small claims track)

(2) A claim being dealt with under this Part is called a small claim.

(Rule 26.6 provides for the scope of the small claims track. A claim for a remedy for harassment or unlawful eviction relating, in either case, to residential premises shall not be allocated to the small claims track whatever the financial value of the claim. Otherwise, the small claims track will be the normal track for –

any claim which has a financial value of not more than £10,000 subject to the special provisions about claims for personal injuries and housing disrepair claims;
any claim for personal injuries which has a financial value of not more than £10,000 where the claim for damages for personal injuries is not more than £1,000; and
any claim which includes a claim by a tenant of residential premises against his landlord for repairs or other work to the premises where the estimated cost of the repairs or other work is not more than £1,000 and the financial value of any other claim for damages is not more than £1,000)

L99LMK

5 posts

57 months

Friday 16th August 2019
quotequote all
Look guys I have been thinking - I think we should set up some pages on Instagram/Facebook/Twitter.
We could create a hashtag, share our experiences and get more people on board to see what this company is really like.

Anyone interested in helping to set this up with me?

L99LMK

5 posts

57 months

Sunday 18th August 2019
quotequote all
Anyone?

Hairymonster

1,428 posts

105 months

Tuesday 27th August 2019
quotequote all
L99LMK said:
Anyone?
I have had no experience of them, but have been horrified to see how they treat people.

One thing that seems to work quite well is engage them on social media. As well as engaging them on FB, Twitter etc. start a facebook group called 'Coys screwed me over' or something similar.

Also, perhaps PM others on this thread to see if they'll engage, rather than asking in an open forum.

Also - consider a website - www.coysscrewedme.co.uk - other tactics would be to have leaflets made up with people's genuine horror stories recorded on them. Hand them out to people going into their showrooms. Also, go to their auctions and give leaflets out to all auction goers. They might find enthusiasm for their subsequent auctions maybe somewhat diminished.

Another tactic would be to target as many high profile classic car forums as you can find and spread the word.

Many years back, someone bought a Ford Mondeo as a used purchase from a Ford main dealer. They had no end of problems with it, and the dealer effectively didn't want to know. So, they parked it outside the dealer with large notices attached to the inside of the windows detailing their troubles, locked the car and went away. Funnily enough, the matter was resolved quite quickly after that!


Edited by Hairymonster on Tuesday 27th August 13:30

Maranellohouse

172 posts

208 months

Monday 16th September 2019
quotequote all
Just been contacted by another person who's car was sold last week, less than the agreed reserve and has been told they won't be paid until the 35 days are up. Owner contacted them to say as the car did not reach reserve they were going the next day to collect it. They were told the car is already on a transporter bound for the USA.



Maranellohouse

172 posts

208 months

Monday 16th September 2019
quotequote all
Hairymonster said:
I have had no experience of them, but have been horrified to see how they treat people.

One thing that seems to work quite well is engage them on social media. As well as engaging them on FB, Twitter etc. start a facebook group called 'Coys screwed me over' or something similar.

Also, perhaps PM others on this thread to see if they'll engage, rather than asking in an open forum.

Also - consider a website - www.coysscrewedme.co.uk - other tactics would be to have leaflets made up with people's genuine horror stories recorded on them. Hand them out to people going into their showrooms. Also, go to their auctions and give leaflets out to all auction goers. They might find enthusiasm for their subsequent auctions maybe somewhat diminished.

Another tactic would be to target as many high profile classic car forums as you can find and spread the word.

Many years back, someone bought a Ford Mondeo as a used purchase from a Ford main dealer. They had no end of problems with it, and the dealer effectively didn't want to know. So, they parked it outside the dealer with large notices attached to the inside of the windows detailing their troubles, locked the car and went away. Funnily enough, the matter was resolved quite quickly after that!


Edited by Hairymonster on Tuesday 27th August 13:30
I did try to engage them on their Twitter account and was immediately blocked.

I really now believe that this situation needs highlighted big style.

Unexpected Item In The Bagging Area

7,028 posts

189 months

Monday 16th September 2019
quotequote all
Maranellohouse said:
Just been contacted by another person who's car was sold last week, less than the agreed reserve and has been told they won't be paid until the 35 days are up. Owner contacted them to say as the car did not reach reserve they were going the next day to collect it. They were told the car is already on a transporter bound for the USA.
How does a situation like this arise regarding the V5C? Surely the owner has to sign it once the sale is agreed?

——

Anyone who’s had a problem with the way that Coys have dealt with the sale of their car needs to engage a good lawyer ASAP. It seems to be the sort of company that won’t take any or much notice otherwise. People seem to be too soft and gullible.


12TS

1,841 posts

210 months

Matty3

1,177 posts

84 months

Friday 24th April 2020
quotequote all
Blimey- there are going to be some folk seriously out of pocket here.

jonah35

3,940 posts

157 months

Friday 24th April 2020
quotequote all
Some big ticket motors
Bet they may have had funds from buyers and so on
Or cars they had but hadn’t paid for yet

Some seriously big money on some cars will have gone down the pan


21ATS

1,100 posts

72 months

Friday 24th April 2020
quotequote all
How many times have Coys gone to date? It's got to be two or three times by now hasn't it?

They'll be up and running again in a month or so As Coys of Kensington Automobiles 2020 Ltd or some such other front.

I wouldn't touch them with your barge pole.

vikingaero

10,331 posts

169 months

Friday 24th April 2020
quotequote all
12TS said:
Interesting that COYS GROUP LIMITED (04626263) are still active.

Phoenix?