andyVI

Has anybody done this? What are the pitfalls and what sort of commission can I expect to pay? Do I still have to pay if the car doesn't meet it's reserve?

Andy

apples24

iTrader: (1)

what are you selling,? depending on price of car expect to pay £50 - £100 all depends on the price of car though

The Zohan

Andy

Commission - Think it is 5% and the buyer pays?
Reserve price - If the car reaches the reserve then they can sell it, often if a car doesn't they will contact you with the highest bid and ask you if you wish to accept.

If the car does not reach reserve or get bought then it does not cost you a penny.

Check this with the auction house to make sure mind!

Shark

The major disadvantage is the price you will get. Anyone buying will be looking to pay rock bottom, not as much as you may get by holding out in E & M or Loot etc.

David

[Edited by Shark - 1/22/2003 8:13:30 PM]

The Zohan

Agree with Shark on this

Try the local rag, loot, etc and second to last Autotrader then the auctions as a last resort.

andyVI

I've had the car for sale now for 3 months (VW Polo). Had virtually no interest at all and have tried reducing the price by 20% still with no interest. The car is sitting on the drive doing nothing I've still got the cost of insurance and tax. I'd like to see it gone in the next couple of weeks so I thought of auctioning it. Any other suggestions of an effective way to advertise?
Thanks
Andy

thecirsch

Andy,

If you are planning on using the car auction house on the A10, E-mail me (thecirsch@hotmail.com)as I have a story you might be interested in before you buy/sell

Cheers

Ed

apples24

iTrader: (1)

mail me the car details and price etc.

apples24

iTrader: (1)

found the details, sorry but the only reason your car has not sold is price, £4500 for a S reg polo is a tad pricey mate

andyVI

What do you think is a more realistic price?

apples24

iTrader: (1)

well id forget the auction for starters, youd be very lucky to see 2.4k from there, best thing to do is look auto trader, compare prices.

i bought a 1.4 polo on a R plate last week, done 100k fsh for £1500

andyVI

do actual market values differ much from prices guides (which seem to differ a lot from each other)?
Parkers shows £4310 while Exchange & Mart shows £3995. Would probably be prepared to drop to around £4000 but appreciate that I'll have to take considerably less from a dealer / auction.

apples24

iTrader: (1)

id say its 3.5k's worth out of the auto trader if your lucky, sounds a nice car with right miles, dont even bother with trade or the auction cause all you get is between 2 and 2.5k, cant see em offering more than that, im talking realistic figures here, not ohh but look at these prices therer loads more etc etc.

stick it in tradeer for 4k see what happens

andyVI

searched autotrader and found similar ones for £4.5k and with higher mileage (20k more) for £4k.

andyVI

thanks mate, I'll give it a try

thecirsch

Andy/Vince,

YHM

Ed

workshy_fopp

I used to work at BCA - the biggest auction house. If you walk in as a punter, they will charge you 10% and hassle you to put no reserve on it, then it will get knocked out for 10p before you can ****. Agree on a set fee - say £100 (dunno value of car), and set a realistic reserve price. You just pay the entry fee, about £15 if it doesn't sell.