The news said tonight that there is a law change in the wind. The Consumer Guarantees Act 1993 is set to apply to on-line auctions. This means that punters winning a vehicle at auction on Trade Me from a Dealer will be covered by the CGA.
About time.
aragorn2003,
Apr 24, 7:11am
PRAISE ALLAH!
fordcrzy,
Apr 24, 7:23am
. and dealers will stop taking trade ins all together
rob_man,
Apr 24, 7:36am
In yet another move to get older cars off the road.
gunhand,
Apr 24, 7:36am
They will go out of business pretty quick then wouldnt they!How did they get on before Trade Me!Auction houses I guess to flick the trade ins they didnt really want.
fordcrzy,
Apr 24, 7:43am
theyll just keep importing "new" ones. better risk than a 200,000K misubishi legnum that someone wants to trade in on a new nissan wingroad
kazbanz,
Apr 24, 7:47am
And suddenly there will be a bunch of Whitikkers auctions in the parts section. For sale 1998 toyota corolla wing mirror. Comes complete with the rest of the car. Completely knackered, will suit parts but does have live rego/wof and was being driven daily by the last owner.
tonyrockyhorror,
Apr 24, 8:55am
Any such move would be short sighted and unnecessary. People should have the right to chose whether to have the protection of the CGA or take the gamble with a cheaper purchase.
msigg,
Apr 24, 9:18am
No they will just get there family members to sell the cars for them, and also as said they won't give you much for tradesanymore so the cheaper cars fewer ang go up in price. No one wins at the end of the day.
kazbanz,
Apr 24, 9:29am
funny innit though--Ohh the CGAwill apply to ONLINE auctions Yet strangely wont apply to ALL auctions. Hmm funny smell that one
oaic1,
Apr 24, 9:45am
Right now you have the freedom to choose between buying at auction or retail sale. You have the choice to take the risk. or not. You also can choose the financial reward of buying at auction.or not. It's up to you. If this legislation comes to pass you will have NO Choice. Traders simply will not sell goods on razor thin margins/at cost/at a loss by auction if they then have to assume the liability of the open ended, woolly garuantees the CGA calls for. It's not economically viable and it just won't happen. Turners Auctions have already driven a bulldozer through this legislation which means that all those legit traders with no reserve car auctions that you love to observe and make silly comments on, will simply dissappear from this place. The only ones left will be the illegitimate, unregistered type who will hide the fact that they are in business. Bad legislation leads to perverse consequences. By the time you realize its happened it will be too late. And before you trot out that well worn, cliche about "dodgy car dealers" remember this.it applies to ALL goods from bicycles to washing machines. There's no such thing as a free lunch. Garuantees and assurances cost money and, be under no illusions, the consumer will be paying for them. The net result will be a loss of freedom and choice and an increase in prices. YOUR freedom to choose is being taken away from you. and you say "about time". Will you continue to stand by and cheer when they take more and more of your liberties away from you!
rob_man,
Apr 24, 10:13am
#11. There are those who are all too aware of their lack of judgement and that this puts them at a disadvantage because they can't assess risk. Others will do better than these people due to their greater ability to make a judgement call. Those who can't assess risk must therefore find a way to slow the others down.
nzeva,
Apr 24, 10:39am
The law change only applies to registered traders, not private sellers, so everyone still needs to be careful buying 2nd hand goods.
elect70,
Apr 25, 1:49am
Just sell as is where is , too much risk of comebackfor dealerselling older cars .
tgray,
Apr 25, 1:50am
Dealers cannot sell 'as is where is', as that's trying to contract out of the CGA.
sw20,
Apr 25, 4:41am
Turners Auctions have better lobbyists than the used car dealers clearly.
bellky,
Apr 25, 4:51am
I'm not worried about my 'freedom' as you call it (actually I don't agree with your argument at all but so what). If it saves some souls from getting ripped off by unscrupulous 'dealers' then I'm all for it.
tgray,
Apr 25, 5:03am
Anyone has the right to a pre purchase inspection and/or buy a warranty. What on earth has the CGA got to do with goods that are already 15 years old! I find it bizarre the someone can buy a 15 year old car for $3000 and 6 months later complain that something has gone wrong with it and want the original seller to fix it, when they made no attempt to establish it's condition in the first place.
rob_man,
Apr 25, 6:15am
I'm not concerned for your freedom either, I'm concerned for the freedom of those with with enough nous to make their own decisions.
oaic1,
Apr 25, 11:39am
Make no mistake.this is very much about freedom. The fact that there are people who don't care when their freedoms are taken away from them is very worrying for those of us who can think and act for ourselves. When you look at who's driving this bill it becames clear that it is typical socialist utopia thinking. well meaning but totally unworkable in reality and comes at the expense of your liberty. Another poster has rightly pointed out that you are free to have goods inspected before you buy at auction. If you can't do that or can't be bothered to do that then you have no business participating in an auction. It's like stepping onto a busy road without looking out for traffic. If you do that you deserve to be run over.What you are actually saying is that you want to be able to act irresponsibly but to not have any accountability for those actions. You have a duty of care to yourself for yourself. What this proposed law does is shift that duty from you to someone else leaving you free to make irresponsible actions and decisions without fear of any adverse consequences. You can act like a complete moron and when you come unstuck it will always be someone elses fault and they will have to pay for your lack of care and attention. This is not only unjust, it also stifles business and economic growth and drives the "unscrupulous dealers" further underground. As for all the people being "ripped off", you obviously are ignorant of the statistics. Out of all the online auction sales in a year less than 3% end up at the disputes tribunal, and of those that do, only about half of them are a win for the buyer. The system works, people are happy with it. And if you are not worried about your freedom you obviously don't deserve it.
rob_man,
Apr 25, 7:16pm
There, #20 said it all and far more clearly than I could have done.
bellky,
Apr 25, 8:07pm
I don't recall asking you anything!
bellky,
Apr 25, 8:09pm
Sorry didn't read this^. Too long and if like the last long post I'll save my time thanks. Cheers.
rob_man,
Apr 25, 8:35pm
Oh I'm sorry, is this thread some sort of exclusive club! Maybe one restricted to people who agree with you!
rob_man,
Apr 25, 8:38pm
Talk about reinforcing the stereotype, you probably lack the will to thoroughly investigate a purchase before you make it as well. You do need protecting from the real world don't you!
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