No Need to Run, Bidding is Fun. On the one hand, VW is offering $3,000 more than what I could get for the car in the best-case scenario if I were to trade it in. Just because a car was sold at an auction does not mean it is problematic. “My wife and I recently purchased a vehicle for my mother in law at a dealership. Also referred to as: public auction, auction sale or sale. Turning Assets Into Cash. No One Runs a Better Auction. If there is some fine print that discloses that said something along the lines of “customers must have a credit score of 750 or higher to qualify for online pricing” the dealer would technically be in the clear. Bid to Buy. Here is a list of some of the greatest auction company slogans ever made. I’ve decided to pick a few questions and try to help out. I submitted one of those “click here for today’s pricing” forms and got an email form a sales rep quoting me at $12,650. It’s a Win Win. Auction: A method of selling property in a public forum through open and competitive bidding. You can place an absentee bid on a lot in a live sale, up until the time that lot is opened for live bidding. Plain packaging in a darker colour was associated with more harmful effects. Let’s Make a Bid. This week we are discussing used cars that were sold at an auction, price changes based on credit score, and the dilemma between a generous buyback or keeping the car you love. Our Auctions Are Fair & Profitable. Let’s Get Buying! Auction experiments indicated that a likely outcome of plain packaging would be to drive down demand of tobacco products. Email me at tom.mcparland@jalopnik.com! No Lid on the Bid. How to use jurisprudence in a sentence. Since our hearts were set on that car, and they had already run our credit and shopped our application to various banks (which caused numerous hits to our credit reports), we just had to suck it up and agree to that final price. The key to good marketing for any business is a great name and a catchy slogan. Anyway, Volkswagen’s repurchase offer is $18,400, which I was told is based on the NADA Clean Trade-In value with a very generous (low) mileage value. Reading between the lines, it seemed like both BMW dealers found something troubling about the car and decided to cut it loose. We Fetch the Best Value for Your Valuables. I was recently shopping for a used M3 and there was a car in the Maryland area being sold at an independent used car lot that did not seem to be the most legit operation. Search Bid Buy. Auctions Beyond Actions. When a foreclosure property is “cleared for auction,” it means the sale is scheduled to go as planned. I was recently informed that my car is a pre-production vehicle that Volkswagen sold as CPO. Biddin’ Business. Easy to Spot – Bid it, Why Not? Tom, if you don’t mind me adding this tangent piece of info to one of your excellent (as usual) articles, as a consumer, every second you spend at an auto dealership works in their favor. It was a Nissan dealership in SoCal. Unless you really love that car, I would take the buyout and find something else that you enjoy driving. Often, dealers will send out inexpensive cars to auctions rather than take up space on their lot that could have been occupied with a more attractive sale. That being said, if you see a car with several auction sales that could be a red flag. To answer your first question, I covered this topic in greater detail in a previous post but to summarize, an emailed quote is not a contract so the dealer is under no legal obligation to sell you that car for that price. The Sound That Sells. Value For Your Valuables. My question is, can a dealership offer special pricing for vehicles based on a person’s credit or is the price that was quoted via email the price that they have to honor?”. Lots of emails. Easy to Eye, Bid it and Try. Tom is a contributing writer for Jalopnik and runs AutomatchConsulting.com. The date and time you see listed for Live sales are the time the auction begins. Natürlich auch als App. Turning Assets Into Cash. This is one of those common misconceptions that still persists. Save! Where You Can Bet We’ll Get the Bid. Eyes Have Lids and Auctions Have Bids. If You Bid It Will Come. Give us the Goods, We’ll Take Care of the Rest. The first thing you need to weigh out is if you do keep the car how much longer do you plan on holding onto it? A well sorted E92 M3 is a desirable car, but one that was beat on is going to have a hard time finding the right buyer. Best Place to Bid. 1-2-3 Sold! Auctioneer: The person whom the seller engages to direct, conduct, or be responsible for a sale by auction. Where You Can Bet We’ll Get the Bid. They know you want the car, and they also know that they can “out-wait” you (because they were going to be there anyway; they’re just hanging out at work). My car currently has just over 96,000 miles, so its NADA Clean Trade-In value is actually around $15,475. By the same token, they know they are taking a huge risk of losing a sale if they let you walk out of the dealership. The other, perhaps more important factor here is that VW is actually giving you way more than you would have gotten otherwise on a trade in. Is it a warning sign if a car was sold at an auction?” Advertisement. First up, is it a red flag if a used car was sold at auction? However, if that was never disclosed there could be a case of false advertising and it may warrant a report to the FTC. Now my car is being recalled, Volkswagen is offering to buy back the vehicles impacted by this recall. Life is Full of Auction. Some dealers don’t like to play ball with this whole internet shopping thing. If a dealer can’t put a deal together in an hour or 90 minutes max, then leave and go somewhere else. The lease option is not one that my mother in law would be happy with so we opted for the purchase. Also, I feel like there will be higher maintenance costs in the near term / a higher probability for reliability issues on a 7 year old Volkswagen than if I purchased something new or slightly used. Are You Ready To Sell? I would not stress about a car being sold at auction once. Then when you contact the dealer about their car you request an itemized out the door price and make it clear that you will be using your own financing, which would essentially make this a “cash deal.” Then if the dealer plays games about their pricing over email, you can move on to another lead without wasting hours at the dealership.