Search the Community
Showing results for tags 'vcar'.
Found 1 result
-
Bit of a strange one this, bought a little Fiat 500 multijet from Manheim B'ham on jan 4th.Sorted quite a few jobs,seat repair,clutch master cylinder,hatch handle etc. Car at auction was declared not on Vcar. Now its got a fresh clean ticket I put it into AT portal for a price guide, todays retail is around £3600. Once i click next, up pops Cat N! I have had a good look around the car and there is nothing obvious with the panels as to why its Cat N,every panel looks original and there is no filler in them. Called Manheim yesterday and they see it is on their Experian as Cat N and they will look into it and call me back. Well they have rang today to say it was entered into their auction on the 3rd and was not on Vcar then,I bought it on the 4th. The car was entered on the Vcar on the 11th of Jan. They are going to get back to me tomorrow when they have had a chat with the vendor. To be fair to Manheim B'ham the girls in the office are really good. As it stands the car plus tip was nearly £2200 and I have spent around £200 prepping it. I was going to retail it for around £3300 for a quick sale and have a margin of about £900. But as its Cat N that's kind of out the window now. So I assume that they are going to offer to buy back the car, or give a discount off the car tomorrow. I just wondered what would you guys do in this situation? My thoughts are ..... 1) just hand the car back as its Cat N and may be tricky to sell. Would they then give me my money back for parts/mot as I have upgraded it? 2) Ask for a hefty discount as its a Cat N, maybe 1/2 cap clean valuation and sell it as a Cat N. If i got it for say £1400 with tip plus £200 refurb I am in it for £1600 total and selling it for £2500 would give me a similar margin as if it wasn't a Cat N car, i.e. £900. Any help/ideas appreciated.