Classic cars forum & vehicle restoration.
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gresham flyer
Joined: 06 Sep 2008
Posts: 1435
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 Posted: Wed May 28, 2014 12:02 am Post subject: A Seller Will Not Let You Buy His Vehicle. Sounds Familiar.? |
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This afternoon I went with a friend to view a classic caravan he wanted to purchase. He is new to this hobby and wanted a second opinion.
We arrived at the vendors property after an hour and half drive.
We were totally prepared....
Suitable tow vehicle.
Light board.
Tools.
And most importantly.....CASH.
After viewing the caravan and chatting with the vendor for about one hour we decided to move from idle chat to hard bargaining.
Yes my friend wanted the caravan, the asking price was fair, but could we at least get our petrol money deducted.
All of a sudden the mood changed.
The vendor went off and came back with a business card.
About one year ago a chap had been driving around the area looking for old caravans, he wanted to purchase the caravan we had been looking at.
The vendor all of a sudden informed us that he would telephone the chap and ask if he wanted to purchase the caravan.
What about us we replied, we have a tow vehicle and the money with us, we want to take the caravan now.
The vendor then stated he did not want to let the caravan go until after August as his grandchildren might come and stay.
He said he had just been testing the water to see what interest he got.
What do you do in this situation ....thump him or drive away quietly.
We wanted to carry out the former but did the latter.
Another lesson learnt....but we are getting too old to want to learn.
G.F
_________________
Austin A30 / A35 Van.
Austin Devon.
Morris Minors.
Jaguars.
Rootes Cars.
MG.
Etc.
Viking Fibreline Caravan.
Cheltenham Sable
Shorts Built Vintage Caravan 1936. |
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Rick
Site Admin
Joined: 27 Apr 2005
Posts: 22807
Location: UK
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ukdave2002
Joined: 23 Nov 2007
Posts: 4264
Location: South Cheshire
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| Posted: Wed May 28, 2014 7:45 am Post subject: |
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As you say people sometimes do this to test the market when they are not sure where to set the price. If you offered him near his asking price and the van had not been advertised for long, he may be thinking that he has undervalued it.
It's a lazy way to sell......
Not that that's much consolidation for you after making a 3 hour round trip 
Dave |
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mikeC
Joined: 31 Jul 2009
Posts: 1810
Location: Market Warsop, Nottinghamshire
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| Posted: Wed May 28, 2014 9:18 am Post subject: |
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Yes I, too, have experienced the 'testing the waters' approach to selling - most frustrating!
What I find even stranger is the professional trader who advertises a car 'p.o.a.', but never bothers to respond to requests for that price. Twice in the last few months I have seen a car that I am interested in advertised this way, and in both cases the vendor will not reply - it makes me wonder how some people earn their money! |
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OuBallie
Joined: 02 Mar 2013
Posts: 225
Location: South Norfolk next to Suffolk
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| Posted: Wed May 28, 2014 9:54 am Post subject: |
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I think I would have landed up in tjoekie no question.
That really REALLY would have got me going.
Geoff - Waiting in anticipation 
_________________
Too many hobbies, not enough time!
1935 Austin Seven Ruby ARQ
1957 Austin A35 2-door
1967 Morris Minor 2-door
2007 Fiat Doblò MultiJet (It carries the spares etc)
Model Engineering |
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Bengt Axel
Joined: 07 Sep 2008
Posts: 294
Location: Cheshire
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| Posted: Fri Jun 06, 2014 12:49 pm Post subject: |
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Years ago I had a similar issue with a car that I travelled some distance to see, agreed a price and left a deposit on. When I returned a few days later, cash in hand, to collect the car the owner came out with some poorly rehearsed sob story about how he had been 'let down' on the replacement car he had been buying, so he still needed 'mine'.
I have no idea where this leaves you legally, but I threatened there and then to sue him, which was a succesful bluff as I returned home with my deposit plus 50 quid..
As for this 'P.O.A.' business, I dismiss any such advert out of hand. |
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norustplease
Joined: 11 Apr 2011
Posts: 826
Location: Lancashire
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| Posted: Fri Jun 06, 2014 9:33 pm Post subject: |
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Me too. POA suggests a try on with a view to a rip off price and I am certainly not going to do a round trip of several hours if I am not even sure that the price is right. If a vendor is too lazy to do his homework and research a good market price then that's too bad.
My other pet hate is the private advertiser who thinks that a photo of a front wing sticking out of a load of junk in a dark lock up garage, and three lines of unpunctuated text constitutes sufficient information to lure me out to view.
_________________
1953 Citroen Traction
1964 Volvo PV544
1957 Austin A55 Mk 1
Boring Tucson SUV |
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Jim.Walker
Joined: 27 Dec 2008
Posts: 1229
Location: Chesterfield
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| Posted: Sat Jun 07, 2014 12:04 am Post subject: |
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Not quite the same, but perhaps listed for the same reason are the ebay offerings which tie up your bids with "reserve not met" notices.
I have bought a few things off ebay, but will never bid on an item with "reserve not met on it.
Jim.
_________________
Quote from my late Dad:- You only need a woman and a car and you have all the problems you
are ever likely to want". Computers had not been invented then! |
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ukdave2002
Joined: 23 Nov 2007
Posts: 4264
Location: South Cheshire
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| Posted: Sat Jun 07, 2014 8:38 am Post subject: |
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| Jim.Walker wrote: | Not quite the same, but perhaps listed for the same reason are the ebay offerings which tie up your bids with "reserve not met" notices.
I have bought a few things off ebay, but will never bid on an item with "reserve not met on it.
Jim. |
I don't have a problem with that, reserve prices have been pretty standard on any kind of auction for years.
Dave |
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Rick
Site Admin
Joined: 27 Apr 2005
Posts: 22807
Location: UK
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| Posted: Sat Jun 07, 2014 9:54 am Post subject: |
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| ukdave2002 wrote: | | Jim.Walker wrote: | Not quite the same, but perhaps listed for the same reason are the ebay offerings which tie up your bids with "reserve not met" notices.
I have bought a few things off ebay, but will never bid on an item with "reserve not met on it.
Jim. |
I don't have a problem with that, reserve prices have been pretty standard on any kind of auction for years.
Dave |
Agreed, reserves don't bother me and for the seller they make sense (imho). Auctions tend to end with a higher bid when a low start and a reserve are used, rather than trying to start off a normal (no reserve) auction at what the reserve would otherwise be at.
RJ
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Rick - Admin
Home:https://www.oldclassiccar.co.uk
Videos:https://www.youtube.com/user/oldclassiccarRJ/videos
OCC & classic car merchandise (Austin, Ford ++):
https://www.redbubble.com/people/OldClassicCar/shop |
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Jim.Walker
Joined: 27 Dec 2008
Posts: 1229
Location: Chesterfield
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| Posted: Sat Jun 07, 2014 10:57 am Post subject: |
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| ukdave2002 wrote: | | Jim.Walker wrote: | Not quite the same, but perhaps listed for the same reason are the ebay offerings which tie up your bids with "reserve not met" notices.
I have bought a few things off ebay, but will never bid on an item with "reserve not met on it.
Jim. |
I don't have a problem with that, reserve prices have been pretty standard on any kind of auction for years.
Dave |
I have no problem with reserves at a "live" auctions but placing a bid on ebay and getting a "reserve not met" ties up the money in that bid either until another bid is made or the time expires - sometimes days or weeks.
Unless the person making the "reserve not met" bid has a bottomless reserve of money or/and is prepared to risk winning two items, bidding prospects are frozen for the "reserve not met" bidder preventing bidding on another item.
Which is NEVER going to be me!
If I list an item on ebay the starting figure is always the lowest I am prepared to accept - and I say "no reserve". That way I and bidders know how they stand!
A further thought is that at a "live" auction only ONE item is on sale at a time. Leaving un-successful bidders free to consider the next item offered.
Jim.
_________________
Quote from my late Dad:- You only need a woman and a car and you have all the problems you
are ever likely to want". Computers had not been invented then! |
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Rick
Site Admin
Joined: 27 Apr 2005
Posts: 22807
Location: UK
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| Posted: Sat Jun 07, 2014 12:21 pm Post subject: |
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| Jim.Walker wrote: | | ukdave2002 wrote: | | Jim.Walker wrote: | Not quite the same, but perhaps listed for the same reason are the ebay offerings which tie up your bids with "reserve not met" notices.
I have bought a few things off ebay, but will never bid on an item with "reserve not met on it.
Jim. |
I don't have a problem with that, reserve prices have been pretty standard on any kind of auction for years.
Dave |
I have no problem with reserves at a "live" auctions but placing a bid on ebay and getting a "reserve not met" ties up the money in that bid either until another bid is made or the time expires - sometimes days or weeks.
Unless the person making the "reserve not met" bid has a bottomless reserve of money or/and is prepared to risk winning two items, bidding prospects are frozen for the "reserve not met" bidder preventing bidding on another item.
Which is NEVER going to be me!
....
Jim. |
If I read that correctly, you're saying that after bidding on something that has a reserve on it, and not meeting the reserve with your bid, you're then unable to bid on anything else until someone else bids on the first item that interested you, to free you up? I've not seen that myself.
Where there is a classified ad with best offer, and you make a best offer, then I suppose you're hanging around waiting to either have you offer accepted or refused. In that scenario you're a bit stuck until the seller makes their mind up, before you can try for another similar item.
RJ
_________________
Rick - Admin
Home:https://www.oldclassiccar.co.uk
Videos:https://www.youtube.com/user/oldclassiccarRJ/videos
OCC & classic car merchandise (Austin, Ford ++):
https://www.redbubble.com/people/OldClassicCar/shop |
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gresham flyer
Joined: 06 Sep 2008
Posts: 1435
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| Posted: Sat Jun 07, 2014 12:51 pm Post subject: |
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Going back to the article and subject in question I have an update on the caravan.
Just out of coincidence I was talking to someone at a show last weekend who also likes classic caravans.
The lady told me she had been given the run around over the same caravan advertised.
I contacted the club forum and they have deleted the advert.
On another note the auction question.
A good auctioneer will lure people to an auction with a low estimated guide price. And then using his skill get as much for the item as he can. Halfway through the bidding when the item looks like it is making good money they either lower or take off the reserve.
This is not for the seller, but to raise his commission fees.
It is no different using Ebay the same.
Lure people in with a low start price 99p and then set a higher reserve than you want.
After a few day`s of bidding, lower your reserve to the figure you really wanted. The bidders will be told the reserve has been lowered, then more bids will fly in.
Remember this most people can buy things easily, they will be doing it today in every shopping centre .....not many people are born to sell things for profit.
When I visit a good wheeler dealer to view something he has for sale, I love the way they operate. I play them along sometimes as the hapless fool who knows nothing.
They just need to turn over some money, which is their work tool.
I only pay what I think is fair but I have had a good time in the bargain.
G.F
_________________
Austin A30 / A35 Van.
Austin Devon.
Morris Minors.
Jaguars.
Rootes Cars.
MG.
Etc.
Viking Fibreline Caravan.
Cheltenham Sable
Shorts Built Vintage Caravan 1936. |
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ukdave2002
Joined: 23 Nov 2007
Posts: 4264
Location: South Cheshire
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| Posted: Sat Jun 07, 2014 3:09 pm Post subject: |
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| Rick wrote: | | Jim.Walker wrote: | | ukdave2002 wrote: | | Jim.Walker wrote: | Not quite the same, but perhaps listed for the same reason are the ebay offerings which tie up your bids with "reserve not met" notices.
I have bought a few things off ebay, but will never bid on an item with "reserve not met on it.
Jim. |
I don't have a problem with that, reserve prices have been pretty standard on any kind of auction for years.
Dave |
I have no problem with reserves at a "live" auctions but placing a bid on ebay and getting a "reserve not met" ties up the money in that bid either until another bid is made or the time expires - sometimes days or weeks.
Unless the person making the "reserve not met" bid has a bottomless reserve of money or/and is prepared to risk winning two items, bidding prospects are frozen for the "reserve not met" bidder preventing bidding on another item.
Which is NEVER going to be me!
....
Jim. |
If I read that correctly, you're saying that after bidding on something that has a reserve on it, and not meeting the reserve with your bid, you're then unable to bid on anything else until someone else bids on the first item that interested you, to free you up? I've not seen that myself.
Where there is a classified ad with best offer, and you make a best offer, then I suppose you're hanging around waiting to either have you offer accepted or refused. In that scenario you're a bit stuck until the seller makes their mind up, before you can try for another similar item.
RJ |
Jim you are under no risk of buying anything on ebay if your bid does not meet the reserve there is no sale.
The seller can lower the reserve part way through an auction, and if the seller lowers the reserve below the high bidder's maximum bid, the high bidder's maximum bid will be lowered to £1.00 below the new reserve price. The seller's new reserve price will be revealed to the high bidder by email. This lets high bidders confirm they are still interested in the item.
So if you no longer wanted the item , no problem if you do you would need to bid at least £1 more to meet the new reserve.
Cheers
Dave |
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