Forum Closed  
 
 
Thread Tools Search this Thread
24-09-2015, 10:36   #61
tipptom
Registered User
 
Join Date: Feb 2010
Posts: 4,087
Quote:
Originally Posted by mullingar View Post
@ Patrick - Merlin.

Is there any way that this Merlin-only "Indemnity fee" can be waived?

As a purchaser at motor auctions in the past I would not attend yours as I would be forced to pay a secondary fee that's not required.
Looks like the answer to your question is a no then,would you want to give up a fee that contributes so much profit that catches the ordinary plebs?
tipptom is offline  
Advertisement
24-09-2015, 13:19   #62
mullingar
Registered User
 
mullingar's Avatar
 
Join Date: Mar 2004
Posts: 5,269
Quote:
Originally Posted by tipptom View Post
Looks like the answer to your question is a no then,would you want to give up a fee that contributes so much profit that catches the ordinary plebs?
Considering the stuff I buy is on the lower end €1-3k, its far too expensive and a pure rip-off.

For example, a €1500 car results in €92 fees plus €200 "indemnity fee". Thats nearly €1800, so a nearly €300 in just fees!!!! Thats a whopping 20% extra!!

I refuse to give ANY auction house those sort of fees for a €1500 car hence I will never buy at Merlin auctions and no other reason.


I don't know what the forum rules/agreements are for a sponsored forum such as this, but if one of the terms are to answer all questions put to them, then::

@ Merlin-Patrick, Please answer.
mullingar is offline  
(2) thanks from:
24-09-2015, 13:39   #63
Merlin Car Auctions: Patrick
Verified representative
 
Merlin Car Auctions: Patrick's Avatar
 
Join Date: Aug 2015
Posts: 70
Quote:
Originally Posted by mullingar View Post
Considering the stuff I buy is on the lower end €1-3k, its far too expensive and a pure rip-off.

For example, a €1500 car results in €92 fees plus €200 "indemnity fee". Thats nearly €1800, so a nearly €300 in just fees!!!! Thats a whopping 20% extra!!

I refuse to give ANY auction house those sort of fees for a €1500 car hence I will never buy at Merlin auctions and no other reason.


I don't know what the forum rules/agreements are for a sponsored forum such as this, but if one of the terms are to answer all questions put to them, then::

@ Merlin-Patrick, Please answer.

Hi

Sorry for delayed response.

I am not trying to avoid the answer of the Indemnity fee albeit it looks like I am trying. I've presented the fee's to the forum as they are, I am not going to hide them or pretend that they don't exist.

I very much appreciate this argument about the fee's as it is giving us an insight of some people's perception of auction houses in general.

In other industries, like, paintings, art, furniture, auction fee's are often between 15% to 20%, so our 5% is modest in comparison.

I take on board the argument of the indemnity fee, and will raise it with the powers to be.

What's not being mentioned here is the other benefits of using an auction house.

We take care of all the paperwork
It is safe to sell your car at auction, you don't as a seller have to deal with phone calls, meeting people who you don't know in car parks, you don't have to carry large sums of cash after selling your car with a fear you may be robbed etc.

Auction houses are not for everyone, we sell cars at trade prices, cars are sold as seen with no comebacks. We say this every time we talk to a customer, and there are great deals to be gotten at the same time.

Thanks
Patrick
Merlin Car Auctions: Patrick is offline  
Thanks from:
24-09-2015, 23:40   #64
road_high
Registered User
 
Join Date: Apr 2006
Posts: 16,089
Quote:
Originally Posted by mullingar View Post
Considering the stuff I buy is on the lower end €1-3k, its far too expensive and a pure rip-off.

For example, a €1500 car results in €92 fees plus €200 "indemnity fee". Thats nearly €1800, so a nearly €300 in just fees!!!! Thats a whopping 20% extra!!

I refuse to give ANY auction house those sort of fees for a €1500 car hence I will never buy at Merlin auctions and no other reason.


I don't know what the forum rules/agreements are for a sponsored forum such as this, but if one of the terms are to answer all questions put to them, then::

@ Merlin-Patrick, Please answer.

This. Look at the auction prices every now and then and it never ceases to amaze me how close to dealer prices they can be in light of the higher risks buying, plus adding in these fees. Would rather spend the few quid extra on something with a definite history and opportunity for thorough test drive/inspection.
road_high is offline  
Thanks from:
25-09-2015, 08:06   #65
mullingar
Registered User
 
mullingar's Avatar
 
Join Date: Mar 2004
Posts: 5,269
Quote:
Originally Posted by Merlin Car Auctions: Patrick View Post

In other industries, like, paintings, art, furniture, auction fee's are often between 15% to 20%, so our 5% is modest in comparison.
You can't compare motor auction commission rates to those other auctions. ~5%+vat is the motor industry norm. If you tried to put it to 10% your attendance will drop like a stone for sane serious buyers.

Justify it all you like, but nearly €300 just in fees on a €1500 car is absolute madness.
mullingar is offline  
Advertisement
25-09-2015, 08:25   #66
George Dalton
Registered User
 
Join Date: Oct 2011
Posts: 5,705
The fees make little difference to the buyer. People aren't stupid. The reality is that if the fees were reduced the hammer price would go up. So your €1500 + €300 car would become a €1700 + €100 car. Same end result.
George Dalton is offline  
25-09-2015, 08:50   #67
PukkaStukka
Registered User
 
PukkaStukka's Avatar
 
Join Date: Jul 2014
Posts: 1,980
Do indemnity fees apply to trade buyers as well, and if so, are they on the same scale as those paid by an average Joe?
PukkaStukka is offline  
25-09-2015, 09:26   #68
tipptom
Registered User
 
Join Date: Feb 2010
Posts: 4,087
Quote:
Originally Posted by PukkaStukka View Post
Do indemnity fees apply to trade buyers as well, and if so, are they on the same scale as those paid by an average Joe?
Asked that already,hope you are more successful.
tipptom is offline  
Thanks from:
25-09-2015, 13:47   #69
mullingar
Registered User
 
mullingar's Avatar
 
Join Date: Mar 2004
Posts: 5,269
Quote:
Originally Posted by George Dalton View Post
The fees make little difference to the buyer. People aren't stupid. The reality is that if the fees were reduced the hammer price would go up. So your €1500 + €300 car would become a €1700 + €100 car. Same end result.
True, but the flip side is that the sellers will go elsewhere if they don't think they will get the best price.
mullingar is offline  
Advertisement
27-09-2015, 10:54   #70
George Dalton
Registered User
 
Join Date: Oct 2011
Posts: 5,705
Quote:
Originally Posted by mullingar View Post
True, but the flip side is that the sellers will go elsewhere if they don't think they will get the best price.
That is true but that's another argument. You were saying you wouldn't buy from Merlin because of the fees, not that you wouldn't sell through them.
George Dalton is offline  
27-09-2015, 14:27   #71
tipptom
Registered User
 
Join Date: Feb 2010
Posts: 4,087
I don't count a gouging of 200 for something I can do myself for 30 and they probably get done for 10 as fees.
tipptom is offline  
27-09-2015, 19:13   #72
mullingar
Registered User
 
mullingar's Avatar
 
Join Date: Mar 2004
Posts: 5,269
Quote:
Originally Posted by George Dalton View Post
That is true but that's another argument. You were saying you wouldn't buy from Merlin because of the fees, not that you wouldn't sell through them.
I agree with you, its out of principal of been gouged for an extra €200 is the only reason I wouldn't buy there.
mullingar is offline  
27-09-2015, 19:28   #73
George Dalton
Registered User
 
Join Date: Oct 2011
Posts: 5,705
Just to be clear I do agree with you that your example of €300 fees on a €1500 hammer price is excessive, but it makes no difference to the buyer IMO.

It's like we are looking at the thing from different angles. The way I think about buying at auction (which we rarely do but that's another discussion) is that I don't particularly care what the breakdown of the overall cost of the car is. The important part is the total figure. The amount of fees contained in the final figure is a matter for the auction house and the seller, not for the buyer.
George Dalton is offline  
27-09-2015, 22:13   #74
Gumbo
Moderator
 
Gumbo's Avatar
 
Join Date: Sep 2006
Posts: 28,929
Quote:
Originally Posted by mullingar View Post
True, but the flip side is that the sellers will go elsewhere if they don't think they will get the best price.
You don't put your car into an auction to get the best price imho. You put it in to get rid of it. If it was easier to sell privately, you would.
Gumbo is offline  
02-10-2015, 15:03   #75
Merlin Car Auctions: Patrick
Verified representative
 
Merlin Car Auctions: Patrick's Avatar
 
Join Date: Aug 2015
Posts: 70
TUESDAY 6TH AOCTOBER AT 10.30AM

Super auction next Tuesday, not to be missed!
Large selection of cars for auction on behalf of the Joe Duffy Motor Group and LeasePlan with over 140 cars. See the growing list HERE

Merlin Car Auctions: Patrick is offline  
Forum Closed

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Share Tweet