Collecting Cars auction results
Discussion
21ATS said:
If you managed a sale for a friend to simply take the hassle out of it you're absolutely spot on.
In the case of the Ferrari you mention, DK were managing the the sale, providing viewing and inspection facilities, "vouching" for the condition of the vehicle and therefore providing a degree of provenance by default and were being paid for doing so. As a Motor Trader being paid to undertake a sale they simply can't choose to opt out of the legal requirements of being a motor trader. If we chose your interpretation then surely any Sale or Return dealer are in fact not dealers - just brokers overseeing a private transaction between individuals.
The key point here is the managing agent is a motor trader being paid to sell a vehicle as part of their business. As a private individual I guess you're not a registered motor trader selling cars for a living? That's the crux of it.
What this did reveal to me after I started looking into this is how many "dealers" are not actually dealers or motor traders at all but are operating this managed sale business model. They seem to prefer the term "brokers".
So as a private individual I found I'd been looking at cars advertised by what I thought was a motor trader only to find (after the fact) they weren't a trader at all and it was effectively a private sale - but at a full retail price.
In the case of the Ferrari you mention, DK were managing the the sale, providing viewing and inspection facilities, "vouching" for the condition of the vehicle and therefore providing a degree of provenance by default and were being paid for doing so. As a Motor Trader being paid to undertake a sale they simply can't choose to opt out of the legal requirements of being a motor trader. If we chose your interpretation then surely any Sale or Return dealer are in fact not dealers - just brokers overseeing a private transaction between individuals.
The key point here is the managing agent is a motor trader being paid to sell a vehicle as part of their business. As a private individual I guess you're not a registered motor trader selling cars for a living? That's the crux of it.
Edited by 21ATS on Tuesday 1st December 17:50
What this did reveal to me after I started looking into this is how many "dealers" are not actually dealers or motor traders at all but are operating this managed sale business model. They seem to prefer the term "brokers".
So as a private individual I found I'd been looking at cars advertised by what I thought was a motor trader only to find (after the fact) they weren't a trader at all and it was effectively a private sale - but at a full retail price.
Edited by 21ATS on Tuesday 1st December 17:55
I appreciate that some would think they're dealing with a trader up until the point of transaction, but then others would conduct due diligence and figure it out before sale, as it appears you have done. If the transfer of funds isn't completed by the trader/broker then I'd think in the eyes of the law it's a private sale. Sale or Return transactions are completed with the trader, and they take responsibility for the sale as such. In the cases you mention where you initially believed you were looking at motor trader adverts, were they handling the funds?
Emphasis on "I'd think..." in my comment above btw, as I'm no legal eagle! Just my interpretation and understanding of what I've read. If someone was particularly concerned about this type of transaction perhaps they could seek clarification of rights from Citizen's Advice.
Collect this on Friday.
https://collectingcars.com/for-sale/2003-porsche-9...
Feel like I've got a bit of a bargain given the history and ownership. Not the fastest I know (I have an F11 535d and E46 M3 that are much quicker) but £ per smile should be good fun. Cheapest facelift 2.7s on PH seem to be c.£7.5k so even with buyers premium seems a fair price. The benefit of buying a convertible on 1 December I guess...
https://collectingcars.com/for-sale/2003-porsche-9...
Feel like I've got a bit of a bargain given the history and ownership. Not the fastest I know (I have an F11 535d and E46 M3 that are much quicker) but £ per smile should be good fun. Cheapest facelift 2.7s on PH seem to be c.£7.5k so even with buyers premium seems a fair price. The benefit of buying a convertible on 1 December I guess...
Wilmslowboy said:
MDMA . said:
£27k...about right, interior colour, trip, and non-specialist history.time waster said:
Wilmslowboy said:
didn't even manage that https://collectingcars.com/for-sale/2002-porsche-9...
MrHooky said:
Collect this on Friday.
https://collectingcars.com/for-sale/2003-porsche-9...
Feel like I've got a bit of a bargain given the history and ownership. Not the fastest I know (I have an F11 535d and E46 M3 that are much quicker) but £ per smile should be good fun. Cheapest facelift 2.7s on PH seem to be c.£7.5k so even with buyers premium seems a fair price. The benefit of buying a convertible on 1 December I guess...
Well done... looks good value. I do like a 2.7 986, feels more delicate (in a good way) than the 3.2S.https://collectingcars.com/for-sale/2003-porsche-9...
Feel like I've got a bit of a bargain given the history and ownership. Not the fastest I know (I have an F11 535d and E46 M3 that are much quicker) but £ per smile should be good fun. Cheapest facelift 2.7s on PH seem to be c.£7.5k so even with buyers premium seems a fair price. The benefit of buying a convertible on 1 December I guess...
bennno said:
RATATTAK said:
HIS LM said:
Zippy is a serial trader, was the link established to Targa Fiori ?
https://www.targafloriocars.comQuestion is whether the owner of a motor dealers could / should be selling their ‘personal’ cars as private sales via CC. I was a bit aghast that I’d bid on a car that he was selling that said trade, which suddenly got changed to private without notification or a reset of the auction / live bids.
RATATTAK said:
HIS LM said:
Zippy is a serial trader, was the link established to Targa Fiori ?
https://www.targafloriocars.comI gave them an email address, but nothing arrived. A couple of reminders were ignored.
Of course there's no reason why they should even have responded at all to my impertinent question, but the way they did convinces me that zippy and TF are indeed one and the same.
Pro Bono said:
Just out of interest I messaged TF a couple of evenings ago, and asked them if zippy was buying for them. They didn't deny it, but asked for my phone number, so we could discuss it. I said I didn't want a discussion, just an answer, and they then asked for my email address so they could email me their reply.
I gave them an email address, but nothing arrived. A couple of reminders were ignored.
Of course there's no reason why they should even have responded at all to my impertinent question, but the way they did convinces me that zippy and TF are indeed one and the same.
I’d wager that Zippy is in fact the owner of TF..... I gave them an email address, but nothing arrived. A couple of reminders were ignored.
Of course there's no reason why they should even have responded at all to my impertinent question, but the way they did convinces me that zippy and TF are indeed one and the same.
Cheib said:
£189k currently...blimey
It ended at £208K+£6K fees = £214K which is a good price for an average spec Oct 18 Reg 812. It has only 10mths warranty left and missed its first service. I think the seller will be pretty satisfied despite losing £118K in just over two years, Having missed a service, i doubt very much it would qualify for Ferrari Official used car programme which is extremely strict with regards history.Gassing Station | Supercar General | Top of Page | What's New | My Stuff