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MrV

Auction buyers....

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Out of pure interest, do any of you chaps use "auction buyers" to source your stock?

I'm not for one second saying I'm considering it, I've noticed a fellow colleague of mine has started doing it in the Midlands and I wondered are these guys in that much demand? 

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5 minutes ago, twerp said:

The guy I have used does 40/50 per week at £60 minimum

Not a bad wage for 3/4 hrs a day 

Bloody hell!!!

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When I worked at the well known auction site in Walsall there was a blonde woman there every day buying on behalf of clients, every sale she was there, must of been making some real ££££

17 minutes ago, twerp said:

It's something I've considered myself, but how do you find the clients? 

Targeted advertising I'd guess, get a little website up, email every trader or dealer you can find

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34 minutes ago, twerp said:

It's something I've considered myself, but how do you find the clients? 

Go to auctions. Buy. Talk to people. 

18 minutes ago, MrV said:

Targeted advertising I'd guess, get a little website up, email every trader or dealer you can find

Bad guess.

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29 minutes ago, MrV said:

When I worked at the well known auction site in Walsall there was a blonde woman there every day buying on behalf of clients, every sale she was there, must of been making some real ££££

 

If thats who I think it is, thats his wife who does a few days a week. They're great.

11 minutes ago, Mojo121 said:

Go to auctions. Buy. Talk to people. 

 

You'd think so, but those in the hall would rather do their own bidding which is why they are there.

I think its the strapped up £1m stocking loaners and small franchise groups who would be best. 

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It’s a good business especially if you can do your wage on a Monday and be home by mid afternoon, though I’m sure online buying has had an effect on it now.

I had two extremes amongst those that I’d buy for; a Mercedes specialist who was fussy to extremes, the other a supermarket that’d just give me a list of vehicles and max bids. Thursday was always my best day, Birmingham in a morning and Walsall in the afternoon.

 

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7 minutes ago, twerp said:

If thats who I think it is, thats his wife who does a few days a week. They're great.

You'd think so, but those in the hall would rather do their own bidding which is why they are there.

I think its the strapped up £1m stocking loaners and small franchise groups who would be best. 

Also people like me and lucas who come into the trade knowing nothing about buying, these buyers could take (some of) the risk away of buying misdescribed lemons. There's 2 sides to it, you'll have one side saying "what a load of bollocks, if you can't be arsed buying yourself your in the wrong game" and then there's the "I don't mind putting the risk into someone else's hands" side

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1 minute ago, c_cars said:

Thursday was always my best day, Birmingham in a morning and Walsall in the afternoon.

 

I used to do that day too back in 2009-2013
 

Just now, MrV said:

Also people like me and lucas who come into the trade knowing nothing about buying, these buyers could take (some of) the risk away of buying misdescribed lemons. There's 2 sides to it, you'll have one side saying "what a load of bollocks, if you can't be arsed buying yourself your in the wrong game" and then there's the "I don't mind putting the risk into someone else's hands" side

I'd counter that and say that those who know nothing are a nightmare and will question everything you do and drag you down.

 

3 minutes ago, c_cars said:

 though I’m sure online buying has had an effect on it now.

 

If anything, people would rather pay for someone in the hall than for online bidding which can be a mixed bag and cost you more.

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1 minute ago, twerp said:

I used to do that day too back in 2009-2013
 

I was a little before that, 2004-2006; a good day on a Thursday would mean Friday off!

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7 minutes ago, c_cars said:

I was a little before that, 2004-2006; a good day on a Thursday would mean Friday off!

No way, then you'd miss Nottingham Friday morning !

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2 minutes ago, twerp said:

No way, then you'd miss Nottingham Friday morning !

Nottingham wasn’t a regular of mine, only for specific vehicles to order; I’d be in Tewkesbury on a Friday morning. 

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Margins are tight enough as it is without paying someone to do your job for you. 

So your argument is you don’t know what you buying, so how do you know it’s any good when someone turns up with it ? 

 

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12 minutes ago, justina3 said:

Margins are tight enough as it is without paying someone to do your job for you. 

So your argument is you don’t know what you buying, so how do you know it’s any good when someone turns up with it ? 

 

Isn't that why "someone" would pay these "professionals"? 

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4 minutes ago, MrV said:

Isn't that why "someone" would pay these "professionals"? 

No, all they do is walk round it doing a telephone appraisal to the potential buyer, they do not guarantee anything. They’ll watch it start up when it’s just about to go through and describe what they can. They are then told to bid appropriately, anybid is put down to who they were bidding for ;)

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4 minutes ago, Arfur Dealy said:

No, all they do is walk round it doing a telephone appraisal to the potential buyer, they do not guarantee anything. They’ll watch it start up when it’s just about to go through and describe what they can. They are then told to bid appropriately, anybid is put down to who they were bidding for ;)

And no purchase no tip.

They all start off ok, then buy any old tat to get a drink, been there too many times. 

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4 minutes ago, Arfur Dealy said:

No, all they do is walk round it doing a telephone appraisal to the potential buyer, they do not guarantee anything. They’ll watch it start up when it’s just about to go through and describe what they can. They are then told to bid appropriately, anybid is put down to who they were bidding for ;)

So they won't use their own auction account?

I was thinking they'd use their own account. But who would pay for the car? Does the dealer pay directly or does he pay the buyer after the buy has paid auction?

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6 minutes ago, ExCouncilJobsworth said:

So they won't use their own auction account?

I was thinking they'd use their own account. But who would pay for the car? Does the dealer pay directly or does he pay the buyer after the buy has paid auction?

They just give you an opinion and hopefully don't miss anything horrendous but remember they don't get to drive. I have done it for retailers many moons ago but it can be a bit tricky at times.

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6 minutes ago, stockedup! said:

They just give you an opinion and hopefully don't miss anything horrendous but remember they don't get to drive. I have done it for retailers many moons ago but it can be a bit tricky at times.

So you could take that opinion...bid yourself and tell matey to do one as presumably its just a gentlemans agreement in place...

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6 minutes ago, ExCouncilJobsworth said:

So you could take that opinion...bid yourself and tell matey to do one as presumably its just a gentlemans agreement in place...

You could but the game is a small place overall, c"""s tricks won't get you far for long IMO.

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15 minutes ago, ExCouncilJobsworth said:

So you could take that opinion...bid yourself and tell matey to do one as presumably its just a gentlemans agreement in place...

This is why I only had a few trusted dealers that I’d do it for.

Plus, the people you’re buying for would usually be too busy with other things hence the need for a buyer in the first place.

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16 minutes ago, ExCouncilJobsworth said:

So you could take that opinion...bid yourself and tell matey to do one as presumably its just a gentlemans agreement in place...

What I do in my video is exactly what they do over the telephone. 

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There is no way I would pay anyone to do the part of the job I enjoy the most and probably the bit I do best.

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