Auctions

Volvoboy

I'm starting to feel the buzz of them, bought a car for the 1st time out of one about a month ago for 250 lips

Told my mate about it and we went last Tuesday seen a E200 05 Sport 1.8 go for 16800, checked CZ and the're going for about 20-25K.

If i was buying again i'd defo go to a auction.


Anybody got simmilar experence at Auction houses?

mikemac

They are bought as you seen them, is that right?
There is some term used, I don't know what it is

Are you given a chance to start the car? Or even open the bonnet or even check the car out at all?

Volvoboy

mikemac wrote: »

They are bought as you seen them, is that right?
There is some term used, I don't know what it is

Are you given a chance to start the car? Or even open the bonnet or even check the car out at all?

Yep sold as seen, ya get a chance to walk around them and lift the bonnet and start it up.

Eoin

I don't think I'd be brave enough for that, though I suppose the current economy might mean that there are financial reasons rather than mechanical ones for auctioning off a car?

squod

I watched the auctuions online. Most cars went for current market value.
Alot went above what you pay a private seller for. I'd defo seel my car there.
Couldn't see myself buying there though.

Saab Ed

The only stuff I buy in the auctions are repos. By and large their flaws are obvious and the only reason they are there is because someone stopped paying for them. If its not a snatchback then from what I've seen there tends to be hidden history. Nobody in the trade is going to put a good retalable car into an auction and except thousands less than he could get for it on the forecourt. Cheapies are cheapies ( I love'em ) and its always hard to leave anything behind thats got a decent test for small money. Tax is a real bonus. You have to know your motors though , not much point buying a car for 300 quid , worth a grand but with a 900 bill to fix

mikemac

With bank repossessions (if that is happening) there might be potential for a bargain.

But you'd want to know your stuff or at least have a friend with you who could check a car out and know the market price.
As with anything, do your research and you'll do well!

niceirishfella

Consider contacting your bank or any bank and ask to see their stock of repo stuff - auctions can be messy affairs.

mickdw

The auctions are gone mad since all the private buyers came in. THe prices for 'wanted' stuff is very close to retail, too close considering the risks involved in auction buying. THe odd bargain alright on stuff thats hard shifted but then that kind of stuff is never really a bargain when you get stuck with it.