XDR

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Posts posted by XDR

  1. Posted

    @Lakeside

    I’m glad the feelings mutual - The risk to reward ratio based on the current auction prices just isn’t worth it. I’m not working for £200-£300, as quite frankly a comeback / prep could see you in the red quickly .

    Normally, my chores for Sunday would be feet up, a cup of coffee and get on the BCA App to start tracking stuff for tomorrow, but based on current situation...I don’t see much point.

    As for sourcing private stock, very rarely have I found a seller who will take near cap clean.... they always seem to be pricing their vehicles around main dealer (but don’t understand its not achievable) 

     

    Hmmm... what a weird time to be in this trade - let’s pray BCA really start thinking about opening up soon - I doubt it though as at the moment it’s a party down there ... “let’s get rid of all our sh**ters, that we’ve had for months, for above cap clean, as dealers need stock / have some money” 

    • Like 1

  2. Posted · Edited by XDR

    Good Evening All,

    Hope you are all keeping well?

    Im glad to read that for the majority of us, the sales & enquiries are now picking up. 

    However I wanted to ask .... how are you guys getting on with buying stock? For us, we mainly use BCA and a handful of other auction houses - however the prices recently have just been eye watering! 
     

    I anticipated prices would be in line with the typical DEC/ JAN period - where people will pay strong money for stock (even factored in for the bounce back loan / grant brigade)  - however I’ve seen several cars go 2-3k over cap clean (even with bone dry spec).
     

    Its now coming to that point that it’s easier sourcing stock away from the auction.

    Are you guys holding out until physical auctions, or are you getting stuck in the bidding wars?  

    I just couldn’t justify paying stupid money for a car (1k over book) then to find out I’ve bought an absolute shed - as I’m sure We all agree .... auction pictures, reports never tell you the full story.


    <_<

  4. Posted

    16 minutes ago, CCC said:

    Sensible would be to sit on your hands and see which way the market goes. Pay of stocking loans if it’s flat, invest in stock if it’s bouyant.

    I can see many people spending money on stock at existing price levels then getting burnt even worse when the likely drop in demand comes. 
     

    I just can’t see demand going back to where it was, higher unemployment and tightening credit availability as a result. 

    Spot on mate! 
     

    Not going to lie, I’ve got a slight itch to buy stock at the moment... but I’m holding tight until I know what’s Borris’s plans & if there is a lifting in the lockdown.

     

    my belief is that the first week of the auctions, will be tough.... cars prior to the auction were fetching  above cap clean... don’t even want to imagine what they will in after all this <_<

  5. Posted · Edited by XDR

    4 hours ago, Lakeside said:

    I noticed this to, I was watching a car that sold then went back on as multi vendor. 
     

    I’d imagine your bang on, buyers have been stung by buying an online risk and trying to claw their money back. 

    I’m glad you’ve noticed this too. 
     

    I’d hate to be one of those people who are now trying claw black money - with a Multivendor label, it will never allow the car / bidder to get their money back. 
     

    I’d say get ready to lose at least 15-20% of what they paid to the auction.

    As for the original vendors, I guess they’re happy because it’s one less knackered car that they have to worry about.

     

    Bid with caution! :ph34r:

     

    21 minutes ago, Mikey360 said:

    I noticed a few of the multivendor ones have an outstanding stocking finance marker on the experian checks on Autotrader. I've bought a few multivendor ones over the last couple of days, collecting next week. He who dares :lol:

    I’ve noticed some of them have that too. 
     

    Do you reckon, it’s stock which was bought via stocking loan and now taken back in? So BCA can recoup money? 
     

    but surely if that’s the case, they would give it a better vendor section then “multivendor”

     

    Then again, with so many dealers getting paid grants, bounce back loans etc, it wouldn’t surprise me one bit if everyone puts their hands up in the auction halls - bidding with their bank balances and not brains 

    • Like 1

  6. Posted

    5 minutes ago, Casper said:

    Welcome to the forum and thanks will keep a mental note of the banks mentioned 

    Thanks @Casper

    Hope all is well your side?

    Definitely worth it, I always ask the “who do you bank with” question when a customer is about to pay.

    The bigger boys (LLOYDS, HSBC, Barclays, Santander etc etc) don’t have time to recall bank transfers.

    However it’s the smaller ones, which offer a more “personalised” service, would happily recall it back.

    Best practice to avoid letting one of these slip through the net, is to reconcile all the payments each week, and make sure nothing is untowards. 

     

  7. Posted

    1 minute ago, justina3 said:

    If you have big enough pockets or balls to buy a merc auto with no report at all crack on, he who dares rodney and all that.

    Me personally? Definitely not! - But the question does arise to, do you think that others may have?
     

    Call me old fashioned, but I’d rather see & hear the cars in person, before parting with my money.

    From past experience when buying online, the Assured report / grading doesn’t mean jack sh*t.

     

     

    • Like 1

  8. Posted · Edited by XDR

    Good Afternoon All,

     

    Firstly I hope you are all keeping well? And hope business / enquiries are up? 

     

    I can’t help but notice, there’s a large amount of “Multivendor Online Only” cars.

    Just as we went into lock down, these cars Were entered with actual vendor names  / AA reports with them, and now they don’t. Instead have comeback for sale as multi vendor.

    I’d have a guess at saying some people got tempted with the price, and got their pants pulled down upon seeing / hearing the car? 
     

    for example: LX64 ETR & LB15 EKO

    There’s some bargains to be had, but things like this make me approach it with caution.

  9. Posted

    I recently had a call from a punter, similarly to you (but his name was not Dean). He stated that he already had delivery in place (without seeing the car) and wanted to pay the full amount via card over the phone.

     

    Politely told him to stick it where the sun don’t shine..... agree with everyone else on here - only take what you can afford to lose over the phone - that is £200 tops 

     

    Bank Transfers aren’t as safe as you think either... people can retract them back easily. I’ve noticed this happens with the smaller banks such as (MONZO, FIRST DIRECT ETC). 
     

     

    • Like 1

  10. Posted

    We get the occasional customer asking to pay for a car via Paypal.

    Be careful as many of you have rightfully stated, you can take the money in as "friends or family". This will reduce any possible clawbacks.

    However, Paypal has a limit for transactions that come into / out your account (anything over £2,500) and they will put the money in your account on hold - Until you provide further proof e.g. identity, how you know the sender, nature of transaction (and if you are a business, it gets more difficult, due to you not being a friend or family) etc etc. 

    They then take 5-10 working days to release the funds. 

    Not worth the agro!

    :angry: