I want to buy a cheap diesel car at british car auction?
Mon Asked:
i have around 500 pounds spend on a reasonable car at a british car auction? what i would to know is which one should i go to get the best deal? i have already been to the peterborough one, but it is very expensive....
i would like to buy a car from 1998 onwards...
Reply:
A good chunk of your £500 budget will be eaten up by the BCA's excessive buyer's indemnity charges.
This means that realistically you're looking at bidding more like £350-£400 for something.
For that sort of money you're not going to be snatching any bargains as people with a better knowledge of that end of the market will be looking to make profit (and the traders pay smaller indemnity).
It seems that you don't have a lot of auction experience so
I think you'd be far better of buying from a private seller out of the Auto Trader or eBay.
You'll also get more time to inspect and consider your purchase, thus making you less likely to make a mistake.
Posted via email from overridex’s posterous
noob
Clayton, Dubilier & Rice has agreed to buy British Car Auction from Montagu Private Equity. No pricing terms were disclosed, although earlier reports said that the deal would be worth between £350 million pounds and £400 million. Other bidders included Cinven and Bridgepoint.