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Everything posted by Nick M.K.
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Accident values and BCA site luck
Nick M.K. replied to ExCouncilJobsworth's topic in General Dealer Chat
For non fault accidents the other insurer will pay you “market” value. You negotiate with them and try and get dealer retail if possible. For fault accidents your own trade insurer will only pay trade price which again is negotiable but usually they will want auction invoices and will pay out that value IF it’s similar to the Cap trade guide. This could seriously leave you out of pocket on a car that had a lot of work done to it. Cars for auction centres starting with the letter B sell fastest for me :-))) -
I looked at that history. I think the odometer only goes up to 10000 then back to zero so the May 2009 mileage of 91000 miles must be a completely wrong entry. Mot expired though. Probably no longer required on a classic car.
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I know it's a bit early but wanted to wish everyone Happy Holidays, a Merry Christmas, a big sales spike just after Christmas and a very healthy and prosperous 2019. It certainly looks like it will be an eventful one! To everyone on this forum that I bought from, sold to, did repairs for or got gifts and advice from: Thank you all for your business, your generosity, your tips and for the opportunities of course! Nick
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And I will re-invent webuyanycar.whatever and sell it to you for 250 million :-)
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I also think online should be a discount. Still, could be much worse... Imagine if Ryanair did car auctions....
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I am just outside London and I speak regularly with several dealer-friends, all based inside the M25. They all stopped buying diesel cars (in one case he doesn't even take them in p/x) in the last year or so. When we go to Blackbushe together they never go anywhere near a diesel. They look with amusement and utter dismay on some days when I buy 3-4 Diesels. I've paying under Cap Average and often under Cap Below and got some superb cars which two years ago would've sold in the hall for 110% of Cap Clean. I buy some EVs and hybrids too and take superb (priced) diesel p/exes against them. I had my best October ever (actually my best month ever in October), best November ever and this December have sold 6 cars (expected 2 or 3 or even nothing in early Dec) and the phones ring quite a lot. Yes, mostly diesels. Some of them compliant with the 2019 London Ultra Low Emissions Zone, most of them not. Just sold a Merc CDI to a young lady from Croydon. "Yes heard the news about diesels. No, not bothered as I do high miles and a petrol simply won't do". Is there a bit of a gap in the home counties market where some dealers don't stock oil burners AT ALL but 50% of the buyers still want them?
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Much cheaper. Rear right ABS sensor.
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Customers for the £20K cars don't go over them nearly as much as the £999 brigade. In fact some of them don't look at the car in detail before or after a test drive.
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This is to do with new emission regulations WLTP. Because the manufacturers were unprepared and have not certified all their models to comply, they have stopped offering some models until their certification is complete. It came into effect last month or the month before. They will report very strong sales when every model is certified. Ours will stay very low.
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I do that most of the times (any BMW these days has a couple of outstanding recalls including 2002-on e46s for airbags!!!). On a related note: My doctor needed a very cheap car for the nanny to drive her kids to school. Bought a £600 Honda CR-V with around 120K miles from it's only private owner (her patient so a giveaway price!) with full Honda history by the same main dealer. Lovely looking thing. She used it for 2-3000 miles and come MOT time took it to that dealer local to her. They have looked after the car it's whole life, did the last service on it 3000 miles ago and still failed her on the MOT for some bushes AND found another £2400 of "recommended repairs". She was almost crying when she called me for advice. I personally went to collect the car with the MOT fail and took the folder with their service receipts (an inch thick) to show to the service advisor. £800 paid at the last service, £550 the service before etc etc so they knew the car well and presumably knew a lot of work would be authorised. Didn't know about the change of owner though.
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on BCA Gold: £327 on £13800 for example and £384 on £18000. On the £18K car it is actually £320 + VAT on the invoice as the car was VAT Qualifying. Very reasonable comparing it to £2K cars!
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My last purchase was on the way out of the Blackbushe key office before I headed to the car park. As risky as physical auction buying gets: a white Audi A5 3.0 TDI Cabriolet CVT with very high spec, just over 109K miles and very christmassy dashboard: Every yellow warning light relating to the brake electronics was lit, ABS, ESP, Parking brake fault, Headlight levelling fault, TPMS not available etc. Had to throw another £50 at it to fix but the purchase price was very very attractive.
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I started not that long ago, almost 14 years (others here have been around much longer). A £2500 car at BCA had a Gold buyers fee of £70-£80. A £3995 sale in those days had a reasonable margin.
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And you could save £££ buying at the end of December rather than the beginning of January. Bought 5 cars the other day, only went for one.
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It’s just not worth buying low value cars at BCA anymore.
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Your favourite auction bidding strategy...
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
£3000 sold for £9000 or £300 sold for £900? -
Your favourite auction bidding strategy...
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
At a place like Blackbushe it doesn't matter. There are so many cars and so many people that no one can keep tabs on everything like they can at Bedford for example. What I like to do is have a look under the bonnet when the car is started and all other "interested parties" are near it. I will let the bonnet drop (not slam it!) quite loudly and then will walk off very quickly as if I saw something that I didn't like. Or sometimes I will attract some interest on purpose :-) When I am with my wife (sometimes she drops me off at BCA and stays for an hour to show some interest in the business which is half hers) I will tell her very loudly and from some distance away "This is your car today, whatever it takes" and the look on some of the private punters that are checking the car (and some young dealers) is priceless. They will literally turn away, hands in their pockets towards the next car on their list... What does everyone think of bids which are deliberately too high? Cap Clean £6500, Auctioneer starts with "Who's got five?" and someone raises six fingers to scare some people off on purpose??? -
Don’t. You will lose your like and edit buttons and some photo upload options. In return you will read how he only has an automatic licence.
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Your favourite auction bidding strategy...
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
Comission bid? Dear oh dear... They will always bid up to that max or often start there so you end up missing it for £50 and missing out on the ££££ under book bargains. -
If a dealer that has the need to tax their stock it's a nice little loophole. Tax 15 cars per month for the price of a single trade MOT.
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You might be pleasantly surprised. My own car is LS64YRZ, logbook ref 2 8101 672 0598, check it.
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"Excuse me, I will pay you the deposit now but will travel to collect in two weeks. Would you mind taxing the car for me in advance to save some time on the day as I will be travelling long distance" Of course Mr Customer, we will be happy to tax it for you today, no problem. I will add the £30 cost to your invoice.
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Will he pay you the tax or are you throwing it in? Either way the tax will continue until the 12 months expire and the new owner will receive a reminder. In the future do it by direct debit, will cost you a couple of quid for a months use instead of £30 :-) Just cancel the DD after the sale and use the same V5C reference to tax it again.
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Live or Online auctions... How and when do you place your bids?? What do you do when the call comes for the "Provisionals"? I personally used to wait until the last moment to wave a catalogue (or my phone) but these days they call so many bids off the walls that the price jumps £700-£800 before the first real bidder joins the party. I would put a bid straight in provided they start low enough and will wait a few extra seconds between bids to slow things down a little if I think we are still away from the reserve. This is slightly tricky in UKCGR sales as their reserves are too loose. I would also pick a place in the hall where most bidders won't see me but the auctioneer sees me straight away.