TomsFocus Posted September 8, 2018 Share Posted September 8, 2018 Bit of a long shot but does anyone on here have a trade account for Manheim car auctions? Can message me if you'd rather not say publicly. Cheers Tom Quote Link to comment Share on other sites More sharing options...
iantt Posted September 8, 2018 Share Posted September 8, 2018 have you registered as a member of the public? Quote Link to comment Share on other sites More sharing options...
TomsFocus Posted September 9, 2018 Author Share Posted September 9, 2018 11 hours ago, iantt said: have you registered as a member of the public? Yeah, I have an online account to view cars etc. But can't bid online as a private buyer, and the fees are nearly 3 times as much for private buyers than trade buyers... If I buy a car for £8k I'm looking at nearly £700 in fees!! 😮 Plus I think I'll need to pay £70 to register in person before being able to bid even at the live auctions, though not 100% I've read that part right. Quote Link to comment Share on other sites More sharing options...
TomsFocus Posted September 18, 2018 Author Share Posted September 18, 2018 So, the auction was today... The car had a trade value of £8,500 and £10,450 forecourt value. I was hoping to get it for £8-8.5k (plus fees). It sold for £10,500... 😮 There's a few hundred quids worth of prep to get it to forecourt condition as well, I can't understand how the buyer will make any profit at all! It looks like most of the cars were making retail value rather than trade value, I can see why traders push finance as they can't be making enough on margins alone. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.