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Subject Topic: Would You Buy From Auction? Post Reply Post New Topic
PersonGCMS2012
04/11/2013 at 10:15pm
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So, Would you?

And then the saving you (may / should) make could - but hopefully not, go towards repairing any faults it may have.

Just following on from another thread, by the looks of things, I maybe looking at traveling a bit further afield to get the car I want, which may include looking into auctions.

I've done auctions before, but that was for 'fur and feather' stuff.

I'm guessing the car auctions are a bit different in getting the car home from a fair distance though...?

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Damned if I do...

Damned if I don't!!!!


Personamara 520
04/11/2013 at 11:06pm
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If you buy from an auction the advice is to attend a few to get the hang of things and not to get carried away when bidding, set a budget and stick to it. Don't forget to factor in the auction commission as this can be several hunderd pounds depending upon purchase price.As soon as your bid is accepted the responsibility for the car is yours and you may well be charged storage if left in the auction compound for more tha 24 hours.Have a look at BCA website below, they have a site in Newcastle

http://www.british-car-auctions.co.uk/Auction-centres/

 



Post last edited on 04/11/2013 23:19:44


Persondad1uk
05/11/2013 at 7:59am
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Depending on terms of sale and usually price, auction items often come with no warranty except for maybe a short time after the sale end.
Auctions are a gamble especially at the cheaper end of the market - usually you are buying someone else's problems, whereas the newer vehicles are often end of lease cars and part ex cars which are often good vehicles just a lot cheaper.

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Jan and Simon and Jet and Amber


PersonJack+Jon
05/11/2013 at 8:37am
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It depends what you are buying, as pointed out those direct from leasing companies, ie ex rep's cars etc should have been main dealer serviced & have warrantied mileage. Also cars from the big auction houses are all checked hpi clear as a matter of course so no problems with title.

The big dealer chains will also push through cars that are unsuitable for their forecourts, either mileage too high or car too old & also low mileage fsh cars that have been on their forecourts too long.

Cars sold by the small used car dealers will have mostly come from auctions, so rather than buy from them you could cut out their profit & buy direct, but with an older, high mileage car sold without warranty theres always a bit of a risk because you only see it drive through auction which is a lot different from a good on road test drive.

Something else to consider is driving the car away, you will have to tax/insure it although the big auctions do have delivery services at extra cost.

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Regards, Jack+Jon.


Personleon copa
05/11/2013 at 10:35am
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were do you think traders get there cars from i worked for couple of garages in the north east and have being all over picking cars up which i may say some of the didnt make back it under there own steam


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Personmillermicm
05/11/2013 at 6:43pm
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Over the last 30 years or so I have bought most of my cars from auction, son & wife too. If you are fairly car savvy (or have a friend) problems are generally fairly obvious.

Go to a few auctions to get an idea of how it works and check out commissions etc. Ask and you will probably find there are arrangements that can be made for delivery of a purchase.

When you find a suitable vehicle look through the paperwork in the office. This must be done in advance of the auction as during the paperwork may be with the auctioneer. Check through the service records too and read the window sticker can give valuable info.

cometh the hour set your price and when ready make an obvious bid. Thereafter the auctioneer will be looking to you for a next bid.

If you reach your limit stop bidding.

The vehicle should come with an indemnity (you pay) assuring you of proper title to the vehicle.

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Steve


PersonGCMS2012
05/11/2013 at 7:34pm
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Thanks for the info people!

The main thing that puts me off in a way is, as you said.. You could be buying someone else's problem, is that why it's gone to auction....?

Is there any way to spot the difference between an ex lease type of car which could turn out to be a bargain, and a dealers' 'problem' car that they want rid of?

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Damned if I do...

Damned if I don't!!!!


Personjayc001
05/11/2013 at 8:01pm
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My local auction puts large private buyers premiums on top of the hammer price. It's a percentage based on the sales price and it's there to keep the dealers happy as they are the auctioneers bread and butter.

Check the amounts before placing a bid.


Personflufftec
05/11/2013 at 9:31pm
 Location: Blackwood
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I have bought 3 cars from auction 1 car I had for 2 years and part ex'd it for more than I paid (not bad for a sub £2k car) 1 car needed a clutch after 2 months but apart from that a great car and the other one was a shed, nothing but problems the only good thing was it was really economical.


I would buy from auction again just make sure you have a bit of cash for repairs etc.

If you can find an auction like this you might have better luck
http://www.auctioneers.co.uk/index.php


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Im new to this please be gentle


Personbev+jon
06/11/2013 at 1:21pm
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depends how much im spending...under a grand yeah ive used auctions with no problems . an expensive purchase id stick to a dealer so you have some come back should it go pear shaped


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PersonJack+Jon
06/11/2013 at 6:30pm
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Quote: Originally posted by GCMS2012 on 05/11/2013
Is there any way to spot the difference between an ex lease type of car which could turn out to be a bargain, and a dealers' 'problem' car that they want rid of?

The info sheet in the screen will read(for example)'direct from Lexautolease' & mileage will be warranted. This sort of car is unlikely to be more than 3yrs old. Cars from large dealer chains might say 'direct from Lookers', mileage may or may not be warranted & service history may or may not be present. Its the chance you take.

I would say that buying an ex lease car less than 3yrs old with main dealer service history & warranted mileage is probably fairly safe but with an older car say 6yrs old you take more of a chance but then no more than buying the same car privately or from a used car dealer who would probably only give you a 3mnth warranty anyway for the price of his markup on the car that he will have bought from the same auction.

Its the numbers game really, a used car dealer might buy several cars a week & occasionally get a bad one, you have to avoid buying one bad one, its your choice if you want to take a chance.



-------------
Regards, Jack+Jon.


Personbessie500
07/11/2013 at 10:31am
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A lot of lease / company cars are now being run for 4 years.

bessie  



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