auction, dealer or private
Discussion
to risky, water runs down the A-pillers and they end up rot boxes.
engines need a rebuilds and every thing else needs a over haul
add in a respray !
no way would I buy blind above 6k.
Nice car the 964 (would like one myself) but very old and a rebuild can be hugh £££
private is the only way to buy these cars imo, have a chat and a sit down with the owner over a nice cup of tea and talk cars for a bit.
most of the time the cars are cheaper than doing them up even with the price rise, if the last owner has spent on it well.
engines need a rebuilds and every thing else needs a over haul
add in a respray !
no way would I buy blind above 6k.
Nice car the 964 (would like one myself) but very old and a rebuild can be hugh £££
private is the only way to buy these cars imo, have a chat and a sit down with the owner over a nice cup of tea and talk cars for a bit.
most of the time the cars are cheaper than doing them up even with the price rise, if the last owner has spent on it well.
This is a great question and one we have been looking at recently.
The format means people have to make a decision fast. Buyers going hoping for a bargain (which they don't believe they will get from a dealer) and sellers are hoping for a result. They can also be good fun (think RM Auctions) and are always exciting if you are bidding.
So - in answer to the question "why it is in an auction" the answer generally is that the seller is looking for a result or a quick sale. It could also be that the car is knackered - some are, some aren't.
There are a lot more cars going through the auctions this year than in 2014 and the auction houses are doing a great job of hoovering up all the stock and making lots of money off the back of it. Sellers are convinced they will get more money at auction for their cars. The irony is that many dealers are now buying and selling at auction on a regular basis and many of them are quite open about it.
Dealer prices are going up because good cars are hard for dealers to get - when they do get them they pay top whack and then add their margin (which will need to go up given that their stock turn will be reducing due to the lack of cars). It's a vicious circle fuelled by smoke and mirrors.
The reality is that many dealers sell very low volumes of cars so having a car in stock for 12 months is quite normal for many of them. Another irony is that prices keep moving up even on cars that aren't selling.
Don't buy a car from auction unless you know cars really well or you have the car inspected. Make sure you see ALL the original paperwork and ignore the auction description - make your own mind up. You have no comeback even if there are major discrepancies in the description. Personally I'd buy from a dealer - you have rights as a consumer - and dealers are doing deals, make no mistake.
And don't be put off by this!
Type 49 said:
You have to ask yourself why it is in an auction.
I have noticed asking prices rising of late but I have also noted that the same cars are still being advertised.
What I have also noticed is that there are very few private sales so is it dealers trying to up the market?
Auctions (as a group) have a much higher profile in the classic car market than dealers and therefore the combined reach of their marketing spend goes a lot further than a dealers.I have noticed asking prices rising of late but I have also noted that the same cars are still being advertised.
What I have also noticed is that there are very few private sales so is it dealers trying to up the market?
The format means people have to make a decision fast. Buyers going hoping for a bargain (which they don't believe they will get from a dealer) and sellers are hoping for a result. They can also be good fun (think RM Auctions) and are always exciting if you are bidding.
So - in answer to the question "why it is in an auction" the answer generally is that the seller is looking for a result or a quick sale. It could also be that the car is knackered - some are, some aren't.
There are a lot more cars going through the auctions this year than in 2014 and the auction houses are doing a great job of hoovering up all the stock and making lots of money off the back of it. Sellers are convinced they will get more money at auction for their cars. The irony is that many dealers are now buying and selling at auction on a regular basis and many of them are quite open about it.
Dealer prices are going up because good cars are hard for dealers to get - when they do get them they pay top whack and then add their margin (which will need to go up given that their stock turn will be reducing due to the lack of cars). It's a vicious circle fuelled by smoke and mirrors.
The reality is that many dealers sell very low volumes of cars so having a car in stock for 12 months is quite normal for many of them. Another irony is that prices keep moving up even on cars that aren't selling.
Don't buy a car from auction unless you know cars really well or you have the car inspected. Make sure you see ALL the original paperwork and ignore the auction description - make your own mind up. You have no comeback even if there are major discrepancies in the description. Personally I'd buy from a dealer - you have rights as a consumer - and dealers are doing deals, make no mistake.
And don't be put off by this!
Edited by northo on Thursday 26th February 08:43
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