EVO Magazine - Auction feature...
EVO Magazine - Auction feature...
Author
Discussion

diablovt

Original Poster:

72 posts

221 months

Monday 29th December 2008
quotequote all
after this months EVO issue everyone is gonna want a £26K Ferrari 550, or a £48K 2008 Grandturismo!!! How is anyone gonna manage selling a car for decent money when there is so much talk of "liquidation sales"? At least they have stopped talking about house prices......smile

Witchbreed

196 posts

216 months

Monday 29th December 2008
quotequote all
Don't worry. Most sensible people would realise that a supercar for silly money isn't gonna be a cracker. I haven't read the article but it's probably the 550 that got sold at BCA Blackbushe with patchy history. You get what you pay for after all!

sjn2004

4,051 posts

267 months

Tuesday 30th December 2008
quotequote all
Witchbreed said:
Don't worry. Most sensible people would realise that a supercar for silly money isn't gonna be a cracker. I haven't read the article but it's probably the 550 that got sold at BCA Blackbushe with patchy history. You get what you pay for after all!
Its just to sell magazines, but once the general reader finds out those cars only do 14mpg they'll back off anyway.

paul0843

2,006 posts

237 months

Tuesday 30th December 2008
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when buying at auction you are buying as seen....dont know much about the blackbushe one,but if you were to buy a dodgy one it would be very easy to spend over £10k just for a thorough service .....

POORCARDEALER

8,667 posts

271 months

Tuesday 30th December 2008
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You would need a massive pair of gonads to buy an old 550 through auction.

fade2grey

704 posts

278 months

Tuesday 30th December 2008
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14mpg? I wish wink

sjn2004 said:
Witchbreed said:
Don't worry. Most sensible people would realise that a supercar for silly money isn't gonna be a cracker. I haven't read the article but it's probably the 550 that got sold at BCA Blackbushe with patchy history. You get what you pay for after all!
Its just to sell magazines, but once the general reader finds out those cars only do 14mpg they'll back off anyway.

MrAbramovich

693 posts

269 months

Tuesday 30th December 2008
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buy cheap buy twice !!!!!!!!!!!!

Murph7355

42,008 posts

286 months

Tuesday 30th December 2008
quotequote all
It will be interesting to see how that car stacks up in 12mths' time, assuming it gets used etc.

MonkeyBusiness

4,249 posts

217 months

Tuesday 30th December 2008
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Its quite a good issue this month if a little shocking on the selling front.
The long term tests are interesting and the depriciation (especially the Volvo T5 I thought).

Adam T

1,300 posts

236 months

Wednesday 31st December 2008
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MrAbramovich said:
buy cheap buy twice !!!!!!!!!!!!
+1

That yellow 2000mile Gallardo Spider E-Gear, AND a F430 Spider please...

Imagine buying them and then realising they both need servicing etc. Plus gettinthem detailed etc

On a Serious note;

How would you stond if they missed a time service whilst at the auction? would a good dealer still be ok, or would they be voided, in respect of the Gallardo and 430?

South tdf

1,828 posts

225 months

Wednesday 31st December 2008
quotequote all
The cheap cars going into auctions are often repossessions due to non payment or have had other finance issues. These cars are often cheap but as noted earlier they often need money spending on them mechanically and cosmetically as most people who have their car repossessed tend not to care about them or spend any money on maintenance.

rubystone

11,254 posts

289 months

Wednesday 31st December 2008
quotequote all
Pretty much nonsense really wasn't it - the 550 with no history for starters....and were the prices quoted net or gross? Add VAT and premium to hammer prices and you get the true figure...and didn't I see some high mileages too (the DB9 was a 2005 with 40k plus on the click wasn't it?). Then factor in a big service and you find that you are better off with a pedigree car that'll be easier to sell at a later stage.

Kickstart

1,124 posts

267 months

Wednesday 31st December 2008
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I am pretty sure that I read a few postings from the chap who bought the 550 on another section of ph- it sounded like a nice thing and I think it did have a history.

Upsetting as it may be I think that the auction prices represent what these types of cars are worth if they have to be sold urgently. As, let's face it how many buyers are out there for cars like this right now - whilst I have no plans to get rid of mine I certainly would not be buying it in this economic turmoil.

Adam T

1,300 posts

236 months

Wednesday 31st December 2008
quotequote all
South tdf said:
The cheap cars going into auctions are often repossessions due to non payment or have had other finance issues. These cars are often cheap but as noted earlier they often need money spending on them mechanically and cosmetically as most people who have their car repossessed tend not to care about them or spend any money on maintenance.
+1

andy355

1,347 posts

268 months

Wednesday 31st December 2008
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26k at auction for a 550 when they are offered sub 40k doesnt sound that bad to me. i would be surprised if trade bid anymore if you went to a dealer

whitechief

4,432 posts

225 months

Wednesday 31st December 2008
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Kickstart said:
I am pretty sure that I read a few postings from the chap who bought the 550 on another section of ph- it sounded like a nice thing and I think it did have a history.

Upsetting as it may be I think that the auction prices represent what these types of cars are worth if they have to be sold urgently. As, let's face it how many buyers are out there for cars like this right now - whilst I have no plans to get rid of mine I certainly would not be buying it in this economic turmoil.
That was the one that sold through Manheim.