top bidder backed out! maybe they didnt have funds
jason18,
Jan 25, 10:42pm
Yeah just seems like its another $1 dollar reserve that has had shill bidders or something. maybe im wrong just see so many like that. I will be gutted if my buyer backs out or similar
jezz43,
Jan 25, 10:44pm
i was watching a boat that had the same thing the other day, sold for $6350, was on FPO the next day for $6300.
jason18,
Jan 25, 10:45pm
Yeah happens so often cant all be buyers backing out. The thing that gets me is I have all these people bidding yet NO ONE has looked at the car. I was thinking money should be deposited before coming around so they dont think they can inspect the car before paying.
thunderbolt,
Jan 25, 11:10pm
Works well for you, but I dont have enough faith in mankind to put thousands of dollars into someones account without getting the keys at the same time.
danni_2254,
Jan 25, 11:29pm
Also I wouldn't class it as 'inspecting' per say, it's more checking that it is as the seller described it in the auction.
carstauranga001,
Jan 25, 11:46pm
Shill biding! Looks like trying to lift the underbidder.
gunhand,
Jan 25, 11:55pm
do they not think that getting someone with a tm history to shill bid would look better than a 0.Seen that a few times and always gotta wonder.
jason18,
Jan 26, 2:12am
No you do that before the auction closes not after. Once you bid on the car you have deemed that you are happy with it.
jason18,
Jan 26, 2:13am
Oh well even a deposit would do.
jason18,
Jan 26, 4:51pm
Turns out that the top bidder had asked for his bid to be removed right at the end so this guy then became the leading bidder but he suddenly didnt want it.
danni_2254,
Jan 26, 6:44pm
I disagree. If I buy a car from across the country, And it says 'comes with new tyres' and I arrive there and the tyres are bald, I would NOT go through with the sale as it wasn't advertised correctly.
elect70,
Jan 26, 7:14pm
^^^ i had same thing inspected the car& was top bidder, took cash with me to pick it up & he had swapped the origonal mags & tyres for standardso put $ in my pocket &walked away .
friendly_prawn,
Jan 26, 7:27pm
its a hard call. Seller wants assurance car is sold. Buyer wants assurance car is as stated. often its just not practicle to pre inspect.Whats the point of travelling all the way to look at a vehicle that you may be out bid on. Or what if you come across the auction in the closing moments. I would not hand over any money until I had inspected the car and was happy that it was exactly what the seller said it was. Often $1 reserve auctions are dumping grounds for problem cars so its a hard ask to see an auction in the closing minutes, and bid on it, then expect to turn up and hand over the dollars and have blind faith the seller is not telling porkies.I dont think there is an easy answer. My thoughts are if the seller is genuine, then whats he got to hide. If a buyer shows up with cash in his pocket to take the vehicle, then whats the seller got to lose if he is telling the truth. The buyer is obviously not there to play games, if he didnt want the vehicle he just wouldnt show up. simple really. And yes I know you dissagree kanbanz and yes other car dealers dissagree. And they have a point, it's their auctions and if you dont agree with their terms then dont bid and that is a very valid point too. i dont think there is an easy answer to it.Mabye buyers should just avoid auctions that state anything similar too - winning bid owns regardless.
kazbanz,
Jan 26, 9:17pm
Guys --you all know me and I hope you know I would NEVER get involved in fake bids on my cars. BUT more noticeably during the school holidays I have noticed a massive increase in "new" traders and "zero activity" traders bidding on my auctions. I blacklist em and remove their bids knowing full well most likely its a kid --My point here is that often things arent as they seem and the poor seller is the victim.
friendly_prawn,
Jan 26, 9:22pm
I think we all know you are honest Kaz as I think every knows Jason is honest. and I do trust both of you.
But there are a few dodgy dealers around that use their$1 reserve auctions as a no come back way to dump their rubbish. But then I think thats pretty common knowledge. So I guess it works both ways.
tonyrockyhorror,
Jan 26, 9:24pm
If you have any doubt as to the authenticity of the other bidder decline the offer and move on.
sifty,
Jan 26, 9:25pm
That's still a lot of car for $10k isn't it.!
friendly_prawn,
Jan 26, 9:25pm
wel put. plenty of other cars to choose from.
tonyrockyhorror,
Jan 26, 9:28pm
It is.
kazbanz,
Jan 26, 9:31pm
I can 100% see your point. I think this is where looking into the traders feedback -deeper than just the numbers. IE look at their selling history of vehicles to see if they describe honestly
danni_2254,
Jan 26, 9:34pm
Yea, but alot of the time they are first time sellers or sell their cars via classified (no feedback) and as the other poster said, the could swap the wheels over for some crappy ones .
danni_2254,
Jan 26, 9:36pm
And if the vehicle is no good, the buyer has the inconvience of wasting alot of time and money getting across the country, whereas the seller only has to relist item. So its usually the buyer who misses out
kazbanz,
Jan 26, 9:38pm
Hey mate--my hand is up-- I DEFINITELY run the $1.00 reserve auctions to dump my old rubbish --no iffs buts or maybees. My definition of old rubbish though is cars that I'm just not sure about selling with CONFIDENCEas a retail sale or with KNOWN and clearly stated faults. I can't retail sell them because of the CGA so I describe to the best of my ability and run as is auctions. It doesn't take long to figure out who's word is to be trusted and who's is not
bellky,
Jan 26, 9:48pm
it's funny kazbanz your tm account profile says: "This is a family account for buying and selling stuff for and from home". nothing to do with dealing in cars or trading so that cga would apply!
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