This was my experience with these site , works out a price you can max go to get out bid on most of them win 1 in 20 , lots of work for no outcome. load of fees as well.
You're videos are great and always informative. I used to deal in cars myself, and living in Somerset, the auctions I bought out of were Bridgwater, Bristol and Dursley predominantly, and on occasion Blackbush, although Bridgwater was always the least successful. It's obviously a lot different nowadays with online bidding but when I was doing it, it often ended up costing me money a week when nothing could be bought, fuel costs etc were taken into account and the auction fees became quite ridiculous, especially when the trade accounts changed and you had to buy a certain amount of cars to qualify for them. I moved into car sourcing for individual and selective clients and it was much less stressful as it was selecting the best version of one car for one person and you knew it was sold before you bought it, for how much and how much profit you would make!
Hi Paul, yes Bridgwater stuff seems to be poorer quality and more expensive than Blackbush. Interesting with the sourcing, is it not a risk they do not bu the car you source?
Nothing has changed at Bridgwater then. It is a risk but if it's someone new and I got the feeling they weren't serious I would ask for a decent deposit to secure my time, and at the end of the day, I still felt it was less risk than buying numerous cars in the hope you'd bought the right thing to sell just to have them sat around unsold. I was very much like you in that I wanted a quick profit and turnaround but you can cause over supply in the area which you don't know until something sticks. For instance, I had loads of Mk3 Fiestas and all flew out the door as soon as advertised, but 10 or 12 in you'd suddenly find they wouldn't sell because you had supplied everyone within a certain distance that was looking. Same with everything from Cavaliers, Sierras, Mondeos, the lot. Metros were a surprisingly good trade for a while as they were always dirt cheap and always had rusty back arches. I'd but everything I could get my hands on, have someone weld in new arches and paint them, suddenly they were immaculate and they sold straight away under £2k, until they didn't.I Also like you, I was handy with a rattle can having served part of an apprenticeship in a body shop, so tidying stuff up on the cheap was pretty straightforward, it's just that back then you'd have to take the car to the motor factors, park outside, run in and grab some aerosol lids and try and find the best match, whereas now you can have the exact paint mixed for you. Funnily enough I was looking last week to replace one of our cars with an old Merc estate and one came up that needed some paint on a sill cover, bumper corners and a dent in the tailgate, and if the bloke had answered his phone I was actually looking forward to getting stuck into it after all these years away just to see if I still had it, but sadly I ended up with one that needs nothing more than a good clean. It may have sparked something though when C***d eventually goes!
Hi James good content as usual just a bit of advice with the manheim auction don't know how familiar you are with it but saves you looking through the entire catalogue there's a little search bar search the car make and model and if you scroll down it asks for car checks if you click sure check gold and silver it will identify any mechanical problems the cars might have hope this might help you
First thing you should know about BCA is, they ARE "We buy any car"........ this is where they make most of their profits, by buying cars cheaply from desperate sellers and then putting a big reserve on them before hitting the auctions. So if you want to increase your money, just take your car to auction and sell it, cut out their massive profits. How do I know? my sister sold her 17 plate Clio diesel to we buy any car, it appeared at auction and was sold to a dealer, my sister got 7650 for it, it was sold for 8900 at auction (so £1250 profit) and the dealer that bought it had it on their sales floor for £10450.......... she should have either sold it herself at auction, or sold it privately.................. she would have got more money on ebay!!!!!
Bca prior to covid was the best place to buy, live sales cars driven into halls ,certainly not cheap but I used to always buy a car with £600 profit, after sorting out minor repair & issues that is . Buying blind online has been an absolute waste of time and money, a total nightmare Last 3 cars were total ‘wrong Uns‘ I’m done with buying till normality returns
Hi James that was great that youShowed us about the car auctions How do I how do I go about getting an account at the auction and all the fees quite high also would you have an Alfa spider for sale
@@ChopsGarage I know mate my brothers hade one for years but kept going up to stupid money never ever claimed on in 15 years but cheers mate and wish you well
Been in the car retail for 16 years. How you pay them prices and make money!? Is beyond me. The first car you bid should of been Cap below. Which is 800ish no more. Thank fully we dont buy from auctions. Main agent direct.🙏
@@ChopsGarage I have been dealing Direct with the finance houses and Main agents for years, although alot are tied in auctions. Thank fully we still have about 10 strong contracts. If you need stock. Feel free to drop me a email, walsallcarsales@ hotmail.com We do supply out stock to the trade only strictly. Fao: Adam.👍
