Collecting Cars, the Market, Carandclassic
Discussion
I want to sell my Alfa Giulietta Sprint. It's on carandclassic at the moment, however I'm thinking about using one of the online auction sites. These have been around a while now, and the Market, Collectingcars & Carandclassic Auctions all appear credible options.
Any real world experience of selling via them? Pros and cons of each? I want to keep the hassle down and the return up (obviously!).
It is a good car that goes well. I have thought of auctions as being where you sell shiny cars that don't go so well.... but maybe times have changed.
thanks
Jon
Any real world experience of selling via them? Pros and cons of each? I want to keep the hassle down and the return up (obviously!).
It is a good car that goes well. I have thought of auctions as being where you sell shiny cars that don't go so well.... but maybe times have changed.
thanks
Jon
Edited by Anoymously101 on Friday 13th May 18:56
Hi,
I’ve just sold a car through Collecting Cars. I found them very helpful in terms of getting the car photographed and preparing a description. They sent the photographer whom I paid direct. His pictures were very good. The advert listing looked very good and generated much interest. There were 54 bids and 5000 views of the listing. However after the auction ended the bidder pulled out.
The second highest bidder did not respond so they re-ran the auction. A few less bids and a lower final price this time but it met reserve and sold. Car was paid for and collected a couple of weeks after the auction closed.
Worth keeping in mind that CC only really provide a platform to advertise your car. They collect the buyers premium then put the winning bidder in contact with you as seller. They do not get involved with the sales transaction. Buyer can still haggle or walk away after the auction as I found out. (Not sure if CC refund their fee or not.)
All in all it was an ok experience, CC provided a good shop window for the car and generated much interest, but beyond that it is just a private sale.
Hope that helps
I’ve just sold a car through Collecting Cars. I found them very helpful in terms of getting the car photographed and preparing a description. They sent the photographer whom I paid direct. His pictures were very good. The advert listing looked very good and generated much interest. There were 54 bids and 5000 views of the listing. However after the auction ended the bidder pulled out.
The second highest bidder did not respond so they re-ran the auction. A few less bids and a lower final price this time but it met reserve and sold. Car was paid for and collected a couple of weeks after the auction closed.
Worth keeping in mind that CC only really provide a platform to advertise your car. They collect the buyers premium then put the winning bidder in contact with you as seller. They do not get involved with the sales transaction. Buyer can still haggle or walk away after the auction as I found out. (Not sure if CC refund their fee or not.)
All in all it was an ok experience, CC provided a good shop window for the car and generated much interest, but beyond that it is just a private sale.
Hope that helps
West17 said:
Hi,
I’ve just sold a car through Collecting Cars. I found them very helpful in terms of getting the car photographed and preparing a description. They sent the photographer whom I paid direct. His pictures were very good. The advert listing looked very good and generated much interest. There were 54 bids and 5000 views of the listing. However after the auction ended the bidder pulled out.
The second highest bidder did not respond so they re-ran the auction. A few less bids and a lower final price this time but it met reserve and sold. Car was paid for and collected a couple of weeks after the auction closed.
Worth keeping in mind that CC only really provide a platform to advertise your car. They collect the buyers premium then put the winning bidder in contact with you as seller. They do not get involved with the sales transaction. Buyer can still haggle or walk away after the auction as I found out. (Not sure if CC refund their fee or not.)
All in all it was an ok experience, CC provided a good shop window for the car and generated much interest, but beyond that it is just a private sale.
Hope that helps
That exact same thing happened to me also. Buyer supposedly in China and didn’t respond in any way post auction win.I’ve just sold a car through Collecting Cars. I found them very helpful in terms of getting the car photographed and preparing a description. They sent the photographer whom I paid direct. His pictures were very good. The advert listing looked very good and generated much interest. There were 54 bids and 5000 views of the listing. However after the auction ended the bidder pulled out.
The second highest bidder did not respond so they re-ran the auction. A few less bids and a lower final price this time but it met reserve and sold. Car was paid for and collected a couple of weeks after the auction closed.
Worth keeping in mind that CC only really provide a platform to advertise your car. They collect the buyers premium then put the winning bidder in contact with you as seller. They do not get involved with the sales transaction. Buyer can still haggle or walk away after the auction as I found out. (Not sure if CC refund their fee or not.)
All in all it was an ok experience, CC provided a good shop window for the car and generated much interest, but beyond that it is just a private sale.
Hope that helps
I believe cc banked c.£1800 (again don’t know if they kept or gave back) plus I paid their photographers fees.
I've also sold with CC & found them mostly pushy and arrogant. Also had no interest after they got their commission, its up to you to get the money from the seller. The only benefit is the popularity of the site.
Also had dealings with car and classic - they were great to deal with in comparison.
Also had dealings with car and classic - they were great to deal with in comparison.
Bought a car through “the Market” and was a well managed and easy process.
The car was not really in the condition described - it said “no visible rust”, which was true, but only if you didn’t look underneath or inside anything. In fairness to them, they do recommend you inspect it, whereas I bought it blind (it was lockdown, I was bored) so wasn’t remotely surprised.
The car was not really in the condition described - it said “no visible rust”, which was true, but only if you didn’t look underneath or inside anything. In fairness to them, they do recommend you inspect it, whereas I bought it blind (it was lockdown, I was bored) so wasn’t remotely surprised.
I sold a car through the Market last year and it was an easy process as a seller.
I paid extra to have the car transported to their premises so that they dealt with any viewings and enquiries and so on. I think this was called the concierge service. They did all of the photos and wrote the listing which they sent to me to approve.
Timing was lucky for me as they actually took my car to the Goodwood Festival of Speed and had it on display in the main Bonhams tent.
The buyer paid the commission to the Market and then then cost of the car directly to me. They had to do this within 7 days of the end of the auction and the car wouldn’t be released until I confirmed receipt of payment.
I can’t comment about problems or how they deal with them as I didn’t have any and it was a very smooth transaction.
I paid extra to have the car transported to their premises so that they dealt with any viewings and enquiries and so on. I think this was called the concierge service. They did all of the photos and wrote the listing which they sent to me to approve.
Timing was lucky for me as they actually took my car to the Goodwood Festival of Speed and had it on display in the main Bonhams tent.
The buyer paid the commission to the Market and then then cost of the car directly to me. They had to do this within 7 days of the end of the auction and the car wouldn’t be released until I confirmed receipt of payment.
I can’t comment about problems or how they deal with them as I didn’t have any and it was a very smooth transaction.
Sold my M635 through Collecting Cars
Overall very positive result with selling price some way beyond what I was expecting for an “auction” price
As previous poster said essentially this is a private sale - CC just provide a platform for buyers and sellers to get together in a way that’s more targeted than say eBay. It’s not like consigning your car with an auction house but commission rates are correspondingly lower.
Difference between CC and The Market is where commission is charged - CC it’s the buyer, On the Market the Seller - it’s a judgement call as to which encourages more buyers.
Some people will talk about being pressured to lower their reserve which maybe the case - my personal experience was I knew upfront what a dealer had offered on real lowball, I set my reserve higher than that and then with 1 day left removed the reserve when getting close to the lowball. A lot depends on how much you want to sell and setting a realistic reserve. As a buyer if the reserve is still there on the last day I think it puts people off but the flip side is you might not get what you want.
Overall very positive result with selling price some way beyond what I was expecting for an “auction” price
As previous poster said essentially this is a private sale - CC just provide a platform for buyers and sellers to get together in a way that’s more targeted than say eBay. It’s not like consigning your car with an auction house but commission rates are correspondingly lower.
Difference between CC and The Market is where commission is charged - CC it’s the buyer, On the Market the Seller - it’s a judgement call as to which encourages more buyers.
Some people will talk about being pressured to lower their reserve which maybe the case - my personal experience was I knew upfront what a dealer had offered on real lowball, I set my reserve higher than that and then with 1 day left removed the reserve when getting close to the lowball. A lot depends on how much you want to sell and setting a realistic reserve. As a buyer if the reserve is still there on the last day I think it puts people off but the flip side is you might not get what you want.
Tried to sell our XJR-s through the Market earlier this year. Ultimately it didn't reach its reserve, however the process was very straightforward and the car was listed very soon after inquiring. We paid the photographer directly, a description was sent over the next day and the listing went live the day after, all very easy. However they were absolutely hopeless at returning phone calls, it all seems to happen over email.
After the car didn't reach its reserve on The Market, we tried Collecting Cars. They proudly boasted that they could get the most money for the car among their competitors, but then shot themselves in the foot by saying that they would only put a reserve of 20% less than what it failed to sell for on The Market, saying it wasn't worth any more than that. Very arrogant and clearly just looking for an easy sale.
In the end we left it on Carandclassic classified and got £3k more than it failed to sell for on The Market, without having to pay any commision.
After the car didn't reach its reserve on The Market, we tried Collecting Cars. They proudly boasted that they could get the most money for the car among their competitors, but then shot themselves in the foot by saying that they would only put a reserve of 20% less than what it failed to sell for on The Market, saying it wasn't worth any more than that. Very arrogant and clearly just looking for an easy sale.
In the end we left it on Carandclassic classified and got £3k more than it failed to sell for on The Market, without having to pay any commision.
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