"Exclusive Motors Ltd" - what's the con?

[Darkcat]

I was browsing about in ebay looking at ferrari 355 prices and spotted one for sale by the seller "Exclusive Motors Ltd", FAR too cheap (£25k), this was a few weeks ago, and i forgot about it.

Anyhoo, i noticed it in my ebay watch list as still on sale, and decided to have a look again, the seller now has a lot of interesting and expensive cars listed, quite cheap, all obviously NOT photographed in the same place, or even in the UK.

http://www.ebay.co.uk/sch/exclusive-motors-ltd/m.h...

What are they up to?

(ETA - its a NEW seller with 0 feedback too...)

Edited by Darkcat on Wednesday 6th March 16:32

[crostonian]

Scam, do you need to ask?

[Darkcat]

crostonian said:

Scam, do you need to ask?

i know... i was asking WHAT the scam is...

[P Nuts]

ive seen plenty of these traders pop up, is there a phone number for them, also just noticed its in Reading - Ive never seen any company with that name, and ive probably ventured through every square foot of it.

[Scoticus]

why dont you phone the number given and ask a few questions..

is the car still available
why is it so cheap
etc

see what reply you get

[P Nuts]

just went on to their website, it seems nearly all the pictures were taken abroad, the prices are in euros, and the cars dont have interior shots, and if you click on a car the writing turns foreign.
I hope you dont outbid me, this looks too good to be true...
ETA: the email is @yahoo.de

[fjord]

I bet its a £16 a minute phone line and they have you on hold for 10 minutes.

[bigandclever]

The phone number links to Nikolaos Koutrouvelis

Nikolaos is also doing property in Greece

[FurtiveFreddy]

Last return says: "Exclusive Motors Limited have total assets of £0 plus total liabilities of £21,173. As of their last financial statement, they had £1,758 in cash reserves."

[Darkcat]

Interesting, so its been incorporated long enough to have made a return then...

£0 assets - says it all i think

[sidekickdmr]

All of the cars are photo'd abroard and are all LHD. Perhaps he has found somewhere where cars retail/are worth leas than the uk and he is importing them to order?

[Darkcat]

sidekickdmr said:

All of the cars are photo'd abroard and are all LHD. Perhaps he has found somewhere where cars retail/are worth leas than the uk and he is importing them to order?

The SLR is clearly sat in a merc dealership, and taken with a (cheap) phone camera...

[FurtiveFreddy]

sidekickdmr said:

Perhaps he has found somewhere where cars retail/are worth leas than the uk and he is importing them to order?

Greece, perhaps...

One of the photos:



'Elvial' is a Greek building supplies company...

Edited by FurtiveFreddy on Wednesday 6th March 17:23

[JVaughan]

just sent an enquiry about the Smart Brabus ... well see what transpires

[dudleybloke]

the address given is in an office block and doesnt look like any car sales place iv ever seen.

[mike9009]

Looks like the Alfa he is selling is also being sold here:

http://www.pioneer-automobiles.co.uk/Alfa_Romeo_Al...

...and the Corvette

http://www.e-mobile.lv/en/details/170336660

Fishier than a fish....

Mike

[veevee]

Reposessions from the Greek crisis?

[XplusYplusZ]

I just came back from Athens. Around 70,000 small-medium business have closed down over the past year. Many busy street corners now proudly present 2nd hand car sales forecourts stuffed with repossessed vehicles - lots and lots of high end cars.

But the economy is absolutely fcked. Most normal people have had their disposable income halved, through salary reduction and hugely hiked up taxes. I was on a business trip and my greek colleagues confirmed that they have literally lost half of their income.

So that now poses an interesting situation.. Lots of high end cars, with absolutely no market for them.

Of course there's room for a scam on top of all this, but I believe there's a genuine reason for a flood of cheap high end cars in Greece.

The real question when buying one will be, do you trust a car which has been run by someone whose business failed...? Right now, even the responsible, previously successful businesses are failing to the market crumbling like the Acropolis, so even this isn't necessarily an indicator that the cars have been treated badly.

That ferrari engine bay though - does NOT look like it's only done 21,000 miles!

Edited by XplusYplusZ on Thursday 7th March 07:46

[Denis O]

It's not just the reduction of income but also the increase in taxes for anything over 1800cc. As usual, the increases are predicated on the environment but if you want to own a 3.0 litre + car in Greece you get well and truly dry raped.

[sidekickdmr]

Interesting concept but could be executed a lot better.

Import the cars, carry out the SVA an put them on uk plates then take some decent pictures on your uk forecourt = profit

How cheap are they in greece? Guess the cheapest way to get them here is on the back of a 12 car transporter on the ferry?