Collecting Cars auction results

[Rari]

Calculator said:

Be interesting if they could arrange an independent inspection on cars, with the findings added to the listing. That would at least provide some differentiation to AT or eBay.

Exactly. Could be similar to what BCA offer. Pictures of any defects and mechanical report

[Rari]

PrancingHorses said:

They need to make it clearer if the car is being sold on behalf of a dealer or a private sale in that case.

I would contact the dealer directly and buy direct if I could have sussed this out the way you did lol

Why wait for a bidding war in an auction

Edited by PrancingHorses on Monday 20th April 21:55

It does in the summary. ‘Seller type’ then private or trade is listed

[av185]

21ATS said:

I touched on this earlier in this thread ( I think it was this thread).

At least some trade is selling on this site and it seems to be increasing whilst we're in lockdown. KHPC (The Ferrari Centre) certainly are - Seller "Roger C". There are some classics listed on there no all photographed in the same street under the account "HC" based in North London - Hexagon Classics?

I don't see this as a traditional auction sale - sure the format of the bidding process is an auction, but the "auction house" are not taking part in any of the transaction other than hosting and taking a fee for hosting a hefty 6% as already discussed. Not that different from eBay's business model.

As far as I understand it the contract is between the buyer and seller directly- if you choose to buy from a private seller (it's clearly displayed on the listing) then it's no different to finding a private add through eBay and bidding on it (but with a fee).

However if the seller is trade you're buying from a dealer and all the legal status that entails.

I'd be comfortable buying a Ferrari from "Roger C" on this site as I'd actually be buying from Kent High Performance Cars - a trade dealer specialising in Ferraris which would come with all the ramifications and backup of buying from a dealer.

I wouldn't buy a Ferrari on here from a private seller though unless the price is so cheap it's a no brainer.

Anyone else see it different to this?

Edited by 21ATS on Monday 20th April 21:46

Yep good points and as ever the crucial point to remember when buying from any auction is where is the car from i.e. who has entered it directly in the auction.

This applies equally to lower end stuff in say BCA where broadly anything other than genuine 1 owner main dealer service history fleet/pcp/lease/contract hire stuff is marked down price wise for obvious reasons the most dodgy invariably being trade cars which will guarantee to require expensive fixes ££.

The other thing to remember is that the auction price INCLUSIVE of all hefty fees is technically just the trade price and NOT retail price and many forget this fact and accordingly bid ott money which often explains the lofty prices for relatively average cars at all levels high end or mainstream.

[Cheib]

21ATS said:

At least some trade is selling on this site and it seems to be increasing whilst we're in lockdown. KHPC (The Ferrari Centre) certainly are - Seller "Roger C". There are some classics listed on there no all photographed in the same street under the account "HC" based in North London - Hexagon Classics?

Edited by 21ATS on Monday 20th April 21:46

Good spot though I don’t think it’s Hecagon Classics...most of the cars aren’t really like anything they’d stock. I know the owner has a collection but that’s pretty high end...so doubt they are his cars.

Agree I wouldn’t buy anything unless it’s cheap. It’s slightly different where a car is new enough to have a manufacturers warranty but even so buying online based on photos and maybe a video you would want the car to be a cheap to consider it.

Spending money on a reputable independent PPI would be money well spent for a seller I think.

[21ATS]

The 928 S4 coming soon looks great. Green over chocolate brown is right up my street.

[Soleith]

Cheib said:

DeuceDeuce said:

Ferrari F12 Berlinetta
10,800 miles - 2013
SOLD @ £131,500 (plus £6,000 buyer fee)

That looks cheap doesn’t it ? Don’t know enough about specs TBH.

That does look quite cheap to me. Spec seems good from looking at it, £80k of options on the car. Closest one I could find similar seems to be this one from the approved network: https://preowned.ferrari.com/en/gb/search/2014/fer... at £165k.

[GusB]

Soleith said:

That does look quite cheap to me. Spec seems good from looking at it, £80k of options on the car. Closest one I could find similar seems to be this one from the approved network: https://preowned.ferrari.com/en/gb/search/2014/fer... at £165k.

I agree, I have been looking to move from my 599 to an F12 for a while and been keeping an eye on prices... I wonder what the approved network make of actual sale prices being so public now as they are my preferred route. GusB

[Soleith]

GusB said:

Soleith said:

That does look quite cheap to me. Spec seems good from looking at it, £80k of options on the car. Closest one I could find similar seems to be this one from the approved network: https://preowned.ferrari.com/en/gb/search/2014/fer... at £165k.

I agree, I have been looking to move from my 599 to an F12 for a while and been keeping an eye on prices... I wonder what the approved network make of actual sale prices being so public now as they are my preferred route. GusB

Ah, interesting @GusB. I've been toying with the idea of a 599 for a few years now. How did you find it and what are your thoughts on what should be achievable in terms of price for it in the current climate?

[GusB]

I love the 599 (mine is a factory fitted 2010 HGTE bought from Matthew Beard at DL Swindon, a very good guy) and have had her for coming up to 7 years and done circa 25,000 miles. Over these years I have looked at and considered a number of different cars across Aston and Porsche (DBS and Turbo I nearly bought) however I keep falling in love with that V12, it's just so magical. I know all the downsides to the 599 (width, thrist, old tech, ball joints etc etc) however to be honest I have always had everything done on when it was needed and use Elias at Autofficina for the work (he's amazing and highly recommended) and to be honest it is what it is, however I would say in 7 years she has not spent any time in the garage apart from for servicing, not something I can say about other cars....

It does come down to what you enjoy and to me, being able to throw in 2 weeks of luggage, two sets of golf clubs, a passenger and still be comfortable in a car which is fast enough and you get to use and listen to that engine is priceless, hence why my next one will likely be an F12.

Feel free to DM me if you want any detailed info on life with a 599. GusB

[anonymous-user]

Soleith said:

That does look quite cheap to me. Spec seems good from looking at it, £80k of options on the car. Closest one I could find similar seems to be this one from the approved network: https://preowned.ferrari.com/en/gb/search/2014/fer... at £165k.

Once you add the £6K auction fee and consider that there will be no legal protection under the CRA 2015, it isn't that attractive. The buyer would have no legal remedy with a private seller in the event of the car being a lemon.

[will_]

21ATS said:

As far as I understand it the contract is between the buyer and seller directly- if you choose to buy from a private seller (it's clearly displayed on the listing) then it's no different to finding a private add through eBay and bidding on it (but with a fee).

However if the seller is trade you're buying from a dealer and all the legal status that entails.

I'm not sure that is right.

If you bought a car through a BCA auction entered by a trader you wouldn't obtain normal consumer protections. How is this different?

[av185]

Rather depends on the exact terms and conditions of the actual auction.

You are correct re BCA the vendor status is irrelevsant there is no external warranty.

[will_]

av185 said:

Rather depends on the exact terms and conditions of the actual auction.

You are correct re BCA the vendor status is irrelevsant there is no external warranty.

Indeed - it appears from the FAQs that the buyer is required to satisfy himself/herself before placing a bid - just like most auctions - and therefore there is no comeback on the vendor irrespective as to whether they are trade or private.

If that is correct it begs the question as to why CC identify whether the car has been entered by the trade or not.

[21ATS]

will_ said:

I'm not sure that is right.

If you bought a car through a BCA auction entered by a trader you wouldn't obtain normal consumer protections. How is this different?

This is why I asked the question.

I assume if you buy at BCA - you pay BCA who then pay the person/company that consigned the vehicle? Therefore your contract is with BCA as the vendor and their terms stand. A traditional auction business model.

When you win a bid on Collecting Cars who is your contract with? You're paying the vendor directly and your contract is with them. At least that's how I see it.

If that vendor is a motor trader then Consumer rights stand IMO. It's no different from buying from a dealer on eBay - your contract is not with eBay it's with the vendor.

Of course if the vendor is private then you're on your own - it's why I think it's very important to identify who the vendor is before you bid (and their status).

Any terms stated on Collecting Cars would not automatically void the duty a Motor Trader has under the Consumer Rights Act 2015. Fundamentally because your only contract with Collecting Cars is to pay them 6% of the final bid as a fee for facilitating the sale.

Anyone agree or disagree or have a legal background that could maybe confirm this?

Edited by 21ATS on Tuesday 21st April 15:39

[cayman-black]

Soleith said:

That does look quite cheap to me. Spec seems good from looking at it, £80k of options on the car. Closest one I could find similar seems to be this one from the approved network: https://preowned.ferrari.com/en/gb/search/2014/fer... at £165k.

No carbon at all on this, it would be a no for me. As for the auction car all that's missing is the better wheels, its a nice car imo.

[DMZ]

Tbh I’m puzzled as to what Collecting Cars actually is. If the contract is with the seller and assuming dealer, the ads contain none of the usual dealer lingo that you get in an ad around how good their after sales is, the warranty, the prep, how long they’ve been in business etc. Usually it’s about selling the car as much as the seller in the case of a used car dealership.

I have mentally treated them all as private sales but I’m not sure that’s what it is.

[birdcage]

cayman-black said:

Soleith said:

That does look quite cheap to me. Spec seems good from looking at it, £80k of options on the car. Closest one I could find similar seems to be this one from the approved network: https://preowned.ferrari.com/en/gb/search/2014/fer... at £165k.

No carbon at all on this, it would be a no for me. As for the auction car all that's missing is the better wheels, its a nice car imo.

Just curious what does carbon do, is it just for looks?

[21ATS]

DMZ said:

Tbh I’m puzzled as to what Collecting Cars actually is. If the contract is with the seller and assuming dealer, the ads contain none of the usual dealer lingo that you get in an ad around how good their after sales is, the warranty, the prep, how long they’ve been in business etc. Usually it’s about selling the car as much as the seller in the case of a used car dealership.

I have mentally treated them all as private sales but I’m not sure that’s what it is.

Think if it like eBay but just for automotive related items, with better PR and larger fees.

[MDL111]

birdcage said:

cayman-black said:

Soleith said:

That does look quite cheap to me. Spec seems good from looking at it, £80k of options on the car. Closest one I could find similar seems to be this one from the approved network: https://preowned.ferrari.com/en/gb/search/2014/fer... at £165k.

No carbon at all on this, it would be a no for me. As for the auction car all that's missing is the better wheels, its a nice car imo.

Just curious what does carbon do, is it just for looks?

Assuming you talk about the interior stuff - nothing, apart from looking worse and worse feel than the Aluminium trim imo. Aluminium is cool to the touch / feels much nicer

[breakfan]

Looks like the manual E46 M3 CSL didn't hit the reserve - anybody know what the highest bid was?

edit: found it - was £35k

Edited by breakfan on Tuesday 21st April 20:58