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Post by Joepublic on Jun 26, 2019 21:16:12 GMT 1
I've just used a car buying site to get rid of my old car after buying its replacement at auction.
After filling in the on-line form they emailed me an offer of £1900 (subject to terms, conditions, inspection and fees).
So an appointment was booked and the car inspected. Before all the info was input the guy asked what I was expecting, I said if it wasn't £1700 I was going to drive the car to the auctions the same day. He said he was expecting around £1400 and sure enough it was.
I said no, his next offer was £1500, followed by a final offer of £1600 less £50 admin fee. I said £1600 in my pocket and we met in the middle at £1575 (£1625 less the £50 fee). He said the car would be going to BCA auctions who are also a part owner of the company he works for.
The guy said he values around 10 cars per day and they buy around half of them, they get collected at 6AM the following day
So this morning I looked online and spotted my old car going through their Measham branch, it made £1900 (plus fees to the buyer) at the fall of the hammer.
A trade seller pays less than I would and I doubt a "privately owned and entered" car would have made as much as a big UK car trading group?
The branch was a portacabin with a PC and a few chairs on a Crewe car park with one member of staff present.
To prevent searches finding this thread, please refrain from guessing the buyer involved, ta
The car, a 2010 Octavia elegance 2.oL CR diesel 131K miles 3 owners inc me
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remmington
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Post by remmington on Jun 27, 2019 18:10:39 GMT 1
BCA...
I am not shocked at what they are into now - they are possibly the biggest "finance house" for PCP and PHP cars? They are also run the biggest de-fleeting operation for ex lease cars - they are selling off from leasing thru their "finance house" & most other finance houses.
Apparently they are the UK's biggest purchaser of wheel dipping tanks and powder coating equipment for refinishing alloy wheels. This is part of the de fleeting process for three year old cars.
They also own the biggest trade plate delivery agency in the UK.
Does not shock me the move to own or part own - the well advertised car buying thing (did not use the name).
The big car auction business is not what it seems to be... They are having every penny out of the process of selling new cars onwards...
Can never understand why - at the block - an auction - the sellers president - who is selling it - changes the price by about 25% - main dealer trade ins at our local car auction (Anglia car auctions) - fetch huge money.
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Post by Joepublic on Jun 27, 2019 18:42:29 GMT 1
I tried a smaller auction house and they said they weren't taking any more cars in, they're full!
I'm looking out for the car on ebay and autotrader.
BCA are selling cars, I've been looking for months and there aren't many that go through twice and traders are buying them at prices almost as high as autotrader (nobs would have a dicky fit!).
I've only bought good cars from BCA, Autotrader and local rag private sales.
I've only bought rubbish from ebay and used car sites.
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remmington
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Post by remmington on Jun 27, 2019 19:02:15 GMT 1
I tried a smaller auction house and they said they weren't taking any more cars in, they're full! I'm looking out for the car on ebay and autotrader. BCA are selling cars, I've been looking for months and there aren't many that go through twice and traders are buying them at prices almost as high as autotrader (nobs would have a dicky fit!). I've only bought good cars from BCA, Autotrader and local rag private sales. I've only bought rubbish from ebay and used car sites. I have been in the trade for a long while... The money cars make in BCA auctions are near retail prices - nobody could buy out of BCA - prep are car - pay the VAT margin - warrant the car to the new owner - AND MAKE A LIVING...This is why - most car supermarkets are selling de fleeted PHP stock from finance houses - they don't buy the cars - they just sell three year ex lease cars for a fixed return - the margin is in the HPi from the same "finance house" that leased it when it was a brand new car. All it is not what it seems - in the secondhand car trade... Sadly... Anything beyond five years is retailed on ebay by rouge traders without a warranty... The last few car auctions I have been too, it was all the public buying cars... If you look in your own local town - there is only franchised dealers and big de fleeting used car sellers left - there is no used car sellers - who buy and sell out of the - "leasing finance game" - left... |
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Post by Joepublic on Jun 27, 2019 20:01:31 GMT 1
Thanks for that, yesterday it was mostly traders and it was an afternoon cheapy/ high mile / below standard auction.
UK XXX auctions at BCA appear to be from the company in question, graded into lots by condition
There are a few used traders around here, they buy from Aston Barclay who have 6 auction houses in England.
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Post by voicey on Jun 27, 2019 20:02:39 GMT 1
My understanding is that *** is wholly owned by BCA - it is an important source of cars for them. The **** buyers are incentivised to knock as much money off as possible (they receive 10% of the amount they can knock off). It an interesting business model - buying cars off the public below bottom book and then selling them at auction for top book, back to the public!
My feeling is that BCA are highly overstretched and the current downturn in the overall car market is going to hit them hard. I wouldn't be surprised if they got into financial difficulty this year.
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Post by Joepublic on Jun 27, 2019 21:59:32 GMT 1
I’ve asked for the mods to remove the name of company concerned as requested in My first post In the instance I’ve quoted I can’t see how they can go wrong? Buy in at 1575, sell at 1900 plus fees for the price of a portacabin and a transporter. When you buy you have 48 hours to remove or it’s £17 per day  I just wanted rid, but 1000s need money to the point they use loan companies charging 1000% interest PA, I doubt they’d even haggle? I |
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Post by Noberator on Jun 27, 2019 22:27:48 GMT 1
I tried a smaller auction house and they said they weren't taking any more cars in, they're full! I'm looking out for the car on ebay and autotrader. BCA are selling cars, I've been looking for months and there aren't many that go through twice and traders are buying them at prices almost as high as autotrader (). I've only bought good cars from BCA, Autotrader and local rag private sales. I've only bought rubbish from ebay and used car sites. Yes I would.  Auctions are to expensive IMO and my last few buys have been off Private Customers.  |
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Post by Joepublic on Jun 27, 2019 22:44:48 GMT 1
I tried a smaller auction house and they said they weren't taking any more cars in, they're full! I'm looking out for the car on ebay and autotrader. BCA are selling cars, I've been looking for months and there aren't many that go through twice and traders are buying them at prices almost as high as autotrader (). I've only bought good cars from BCA, Autotrader and local rag private sales. I've only bought rubbish from ebay and used car sites. Yes I would. Auctions are to expensive IMO and my last few buys have been off Private Customers. Theres an ST220 going through historics at Brooklands, I've broken my mouse and right click doesn't work so I cant post up a link...…….. |
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Post by Noberator on Jun 27, 2019 23:31:17 GMT 1
Yes I would. Auctions are to expensive IMO and my last few buys have been off Private Customers. Theres an ST220 going through historics at Brooklands, I've broken my mouse and right click doesn't work so I cant post up a link...…….. It's confusing because it's advertised as an ST220 when in fact it's a diesel 2.2 TDCI (see engine bay photo). Haven't said above it's got a twin exhaust which ST220's have as the diesel version only has one exhaust so it's been modified part way underneath I would recon plus the diesel ST badges and not the ST220 badges on the front wings and rear like mine. Confused. Here it is. I'm out. |
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Post by Joepublic on Jun 28, 2019 11:03:22 GMT 1
My feeling is that BCA are highly overstretched and the current downturn in the overall car market is going to hit them hard. I wouldn't be surprised if they got into financial difficulty this year. If you google you'll find BCA have just recommended share holders to accept an offer of 1.9 billion for the said well known car buying company company. 25% higher than the pre offer share price. |
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Post by Joepublic on Jul 6, 2019 20:43:18 GMT 1
The car is now on the autotrader at £2800
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Post by Noberator on Jul 6, 2019 22:34:54 GMT 1
The car is now on the autotrader at £2800 Seen it.   |
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Post by Joepublic on Sept 22, 2021 20:20:17 GMT 1
So I used their services again 2+ years ago I bought a 2014 Golf estate 2L tdi for £5500 from BCA Manchester. The car had just had 4 tyres, new brakes all around as well as timing belt and waterpump. I fitted a pair of wipers, a pair of tyres and a minor service at a local indy. It was a good car, drove better than a lot with half the mileage I've driven to replace it. Now due another service, another pair of tyres, aircon fix and a battery before the winter I decided to WBAC it for £4400 It went to BCA Manchester and was entered to 4 or 5 online sales before it sold on tuesday. www.ebay.co.uk/itm/265324706484?hash=item3dc695bab4:g:4CkAAOSwQ0thSt3- |
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Post by Rhubarb on Sept 22, 2021 20:51:48 GMT 1
So I used their services again 2+ years ago I bought a 2014 Golf estate 2L tdi for £5500 from BCA Manchester. The car had just had 4 tyres, new brakes all around as well as timing belt and waterpump. I fitted a pair of wipers, a pair of tyres and a minor service at a local indy. It was a good car, drove better than a lot with half the mileage I've driven to replace it. Now due another service, another pair of tyres, aircon fix and a battery before the winter I decided to WBAC it for £4400 It went to BCA Manchester and was entered to 4 or 5 online sales before it sold on tuesday. www.ebay.co.uk/itm/265324706484?hash=item3dc695bab4:g:4CkAAOSwQ0thSt3-They are joking asking that for it given the mileage.. You did well getting what you did from that crowd!  |
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Auctions are to expensive IMO and my last few buys have been off Private Customers. 
