Show whole topic
Apr 13, 2013 12:08 pm
Apr 13, 2013 12:08 pm
Subject: Re: Lagondas at auctions versus direct selling
If you see a price that a car sells for in auction. It bears no relation to what the seller receives.
Firstly it includes the buyers commission + vat, then the sellers commission + vat, then the insert cost into the catalogue and the cost of arranging for the car to be taken to auction .
It can be 25% to 30% off the selling price shown.
Auctioneers charge an inflated storage charge and removal from the venue to storage charge . Plus you have to trailer or drive it home. Today this can easily be between £500-£1000. If you do it quickly to avoid daily storage charges.
So my point is. Advertise the car first and if it doesnt sell, reduce the price for a time as your asking too much, do this before thinking about an auction as once you have signed up for one it will cost to get out of the agreement
If you see a price that a car sells for in auction. It bears no relation to what the seller receives.
Firstly it includes the buyers commission + vat, then the sellers commission + vat, then the insert cost into the catalogue and the cost of arranging for the car to be taken to auction .
It can be 25% to 30% off the selling price shown.
Auctioneers charge an inflated storage charge and removal from the venue to storage charge . Plus you have to trailer or drive it home. Today this can easily be between £500-£1000. If you do it quickly to avoid daily storage charges.
So my point is. Advertise the car first and if it doesnt sell, reduce the price for a time as your asking too much, do this before thinking about an auction as once you have signed up for one it will cost to get out of the agreement