Classic cars forum & vehicle restoration.
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MikeEdwards
Joined: 25 May 2011 Posts: 2483 Location: South Cheshire
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Posted: Mon Feb 19, 2024 9:54 am Post subject: |
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I like that Espada, but as a watcher of Harry Metcalfe's youtube channel where he describes the various bits of work done on his Espada, I think I'd be too scared to contemplate buying it.
?20k-?30k seems very low even for one that needs some work to be done, and I wonder why the title says "For Hire" on the end of it. _________________ 1976 Vauxhall HP Firenza, 1976 Vauxhall Sportshatch (x2), 1986 Audi coupe quattro, 2000 Audi TT |
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Ray White
Joined: 02 Dec 2014 Posts: 6345 Location: Derby
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Posted: Mon Feb 19, 2024 11:10 am Post subject: |
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I thought by using two completely different types of car being sold at auction it might highlight the risks involved with buying at auction.
If one bought an Austin or a Morris and found it needed work that it had not been disclosed, it is not the end of the World.
However, history is everything when buying a rare or exotic car and without it the risk for me would be too high; regardless of the sale price.
Incidentally, I have a soft spot for a Maserati Ghibli...but preferably a rare RHD version.
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mikeC
Joined: 31 Jul 2009 Posts: 1776 Location: Market Warsop, Nottinghamshire
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Posted: Mon Feb 19, 2024 1:13 pm Post subject: |
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Rick wrote: |
If I was going exotic, it'd be a Maserati 3500 GT, however it's unlikely I need worry too much about buying one.
RJ |
I've been down that route and would not recommend it unless you have deep pockets!
Over fifty years ago I looked at my collection of Austin Sevens and thought I could sell them all and get something exotic. So I did! I bought a Maserati 3500GT, and hated it; a beautiful car, exciting performance but I just couldn't afford it. Nothing went wrong with it, and I ended up making a nice little profit, but I hated driving around thinking something's going to break and I won't be able to fix it... _________________ in the garage: 1938 Talbot Ten Airline
Recently departed: 1953 Lancia Appia, 1931 Austin Seven, 1967 Singer Chamois, 1914 Saxon, 1930 Morris Cowley, 1936 BSA Scout, 1958 Lancia Appia coupe, 1922 Star 11.9 ... the list goes on! |
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alastairq
Joined: 14 Oct 2016 Posts: 1956 Location: East Yorkshire
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Posted: Mon Feb 19, 2024 4:17 pm Post subject: |
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Quote: | If one bought an Austin or a Morris and found it needed work that it had not been disclosed, it is not the end of the World. |
I agree...auctions [from a respectable auction house, especially]....are probably today's best place for a more ''mundane'' old motor...a Minor , for example.
Something that is easy to get, or keep, running...
I found that the bigger auction houses are mostly going to be interested in making a sale.....Rather than simply pandering to an owner's idea of what they think their vehicle is worth? They really only make decent income if the vehicle attracts bidders. If it is over-priced, and doesn't attract bids then it really is a 'waste' of their time.
One can, if so inclined, rock up to preview an interesting item,, and be as cynical about it as one wishes.
After all, one could simply place a casual pre-bid? One might be surprised [or have an overloaded trailer at the end of it all? ]
Whatever one thinks of auctions in the past, these days many are a different ball game altogether.
Whereas, via ebay [as an example..other market places exist, such as Facebook marketplace?]...if one does the advised preview visit, and one finds the item not worth what is being asked for it, [to you, the intending buyer?] then one has to face the possible derisory attitudes of a vendor who thinks one has merely wasted their time. _________________ Dellow Mk2, 1951 built, reg 1952.
Fiat 126 BIS
Cannon special [1996 registered. Built in 1950's]
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Ford Pop chassis, Ashley 1172 bodyshell, in pieces. |
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Ray White
Joined: 02 Dec 2014 Posts: 6345 Location: Derby
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Posted: Mon Feb 19, 2024 10:50 pm Post subject: |
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Car dealers are always trying to sniff out a bargain from auction houses and auctioneers, being aware of this, will doubtless give them the 'tip off' should a tasty morsel be coming up for sale.
In the meantime, we mere mortals are just grist to the mill.
Charging commission to both the seller and the buyer has always seemed to me to be a questionable practice; a conflict of interest, surely. ?
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bjacko
Joined: 28 Oct 2013 Posts: 364 Location: Melbourne Australia
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Posted: Tue Feb 20, 2024 6:20 am Post subject: Auctions |
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"Whereas, via ebay [as an example..other market places exist, such as Facebook marketplace?]...if one does the advised preview visit, and one finds the item not worth what is being asked for it, [to you, the intending buyer?] then one has to face the possible derisory attitudes of a vendor who thinks one has merely wasted their time"
I think Alastair has it back to front. It's not the buyer who has wasted the sellers time but more likely the buyers time has bee n wasted, because the seller did not mention some fault or other that put the buyer off buying it! _________________ 1938 Morris 8 Ser II Coupe Utility (Pickup)
1985 Rover SD1 VDP |
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alastairq
Joined: 14 Oct 2016 Posts: 1956 Location: East Yorkshire
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Posted: Tue Feb 20, 2024 8:22 am Post subject: |
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Quote: | I think Alastair has it back to front. It's not the buyer who has wasted the sellers time but more likely the buyers time has bee n wasted, because the seller did not mention some fault or other that put the buyer off buying it!
_________________ |
I agree, that is the reality...However, a disappointed potential buyer rarely advertises that fact.
Annoyed vendors, on the other hand, are only too pleased to inform the world at large that their item is being ''relisted'' due to 'time wasters'....
That was what I was alluding to....and is what I find grossly annoying about some adverts. _________________ Dellow Mk2, 1951 built, reg 1952.
Fiat 126 BIS
Cannon special [1996 registered. Built in 1950's]
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Ford Pop chassis, Ashley 1172 bodyshell, in pieces. |
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MikeEdwards
Joined: 25 May 2011 Posts: 2483 Location: South Cheshire
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Posted: Tue Feb 20, 2024 9:41 am Post subject: |
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alastairq wrote: | I agree, that is the reality...However, a disappointed potential buyer rarely advertises that fact.
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With sites like eBay, though, there isn't a way for that to happen. The seller can re-list and say whatever they like, but the person who went to see it and noticed the rolled-up newspaper in the front wing doesn't have a platform to do that.
Where I do see that happen, though, is in places like forums, or Facebook groups for owners clubs. People will happily stick a link to their eBay listing on Facebook, then it'll get shared into a club group and that can be when you'll get the disappointed potential buyer commenting. _________________ 1976 Vauxhall HP Firenza, 1976 Vauxhall Sportshatch (x2), 1986 Audi coupe quattro, 2000 Audi TT |
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ukdave2002
Joined: 23 Nov 2007 Posts: 4120 Location: South Cheshire
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Posted: Tue Feb 20, 2024 9:47 am Post subject: |
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alastairq wrote: | Quote: | I think Alastair has it back to front. It's not the buyer who has wasted the sellers time but more likely the buyers time has bee n wasted, because the seller did not mention some fault or other that put the buyer off buying it!
_________________ |
I agree, that is the reality...However, a disappointed potential buyer rarely advertises that fact.
Annoyed vendors, on the other hand, are only too pleased to inform the world at large that their item is being ''relisted'' due to 'time wasters'....
That was what I was alluding to....and is what I find grossly annoying about some adverts. |
An eBay item is normally "relisted" if it has previously been sold and relisted as the buyer has defaulted on what is actually a legal obligation to purchase.
A buyer is within their rights to reject goods if falsely described, in which case if they had been inconvenienced , they would probably leave negative feedback. If a potential purchaser examines the goods prior to bidding and decides not to progress , that's surely no different to following up an advert in the newsagents window?. This would not normally attract criticism from either party. |
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Rootes75
Joined: 30 Apr 2013 Posts: 3831 Location: The Somerset Levels
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Posted: Tue Feb 20, 2024 11:07 am Post subject: |
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Ah...ebay selling vehicles. We've done that with moderns and a couple classics in the past. But when we do sell we always advise that people come and view first before bidding, both parties need to be happy with the deal at the end of the day.
I have also bought via ebay and not viewed beforehand, when that is the case I always keep it in my head it probably isn't as good as the advert makes out, its in the vendors interest to 'up' their item isn't it? _________________ Various Rootes Vehicles. |
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lowdrag
Joined: 10 Apr 2009 Posts: 1585 Location: Le Mans
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Posted: Tue Feb 20, 2024 12:31 pm Post subject: |
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Keith D wrote: | The Bristol does it for me, but then it's a based on a stolen prewar BMW really.
Keith |
I wouldn't say "Stolen". More like "War Reparations" I believe. |
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Keith D
Joined: 16 Oct 2008 Posts: 1131 Location: Upper Swan, Western Australia
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Posted: Tue Feb 20, 2024 2:18 pm Post subject: |
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BMW wasn't at war with the UK and the U.S. They were a private company affected like every other company by the war. In my opinion the war reparations were in fact, theft from private companies.
Keith _________________ 1926 Chrysler 60 tourer
1932 Austin Seven RN long wheelbase box sedan
1950 Austin A40 tourer
1999 BMW Z3
Its weird being the same age as old people.
You are either part of the problem or part of the solution |
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alastairq
Joined: 14 Oct 2016 Posts: 1956 Location: East Yorkshire
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Posted: Tue Feb 20, 2024 2:43 pm Post subject: |
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The UK powers -that-were did make the mistake of returning VW to Germany, however?
To the victor, the spoils? _________________ Dellow Mk2, 1951 built, reg 1952.
Fiat 126 BIS
Cannon special [1996 registered. Built in 1950's]
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Ford Pop chassis, Ashley 1172 bodyshell, in pieces. |
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Ray White
Joined: 02 Dec 2014 Posts: 6345 Location: Derby
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mikeC
Joined: 31 Jul 2009 Posts: 1776 Location: Market Warsop, Nottinghamshire
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Posted: Tue Feb 20, 2024 7:48 pm Post subject: |
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Keith D wrote: | BMW wasn't at war with the UK and the U.S. They were a private company affected like every other company by the war. In my opinion the war reparations were in fact, theft from private companies.
Keith |
BMW may have been a private company, but it certainly profited by being one of Germany's leading aircraft engine suppliers. Are suggesting that companies like Messerschmitt and Heinkel were innocent victims of the War? _________________ in the garage: 1938 Talbot Ten Airline
Recently departed: 1953 Lancia Appia, 1931 Austin Seven, 1967 Singer Chamois, 1914 Saxon, 1930 Morris Cowley, 1936 BSA Scout, 1958 Lancia Appia coupe, 1922 Star 11.9 ... the list goes on! |
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