| Author |
Message |
ross koller (Ross)
Member
Username: Ross
Post Number: 504
Registered: 3-2002
| | Posted on Monday, November 04, 2002 - 5:21 am: | |
don, like magoo i think you made out like a bandit. good price for that car (for the seller). what do you guys think of that price for the mondial cab? |
magoo (Magoo)
Advanced Member
Username: Magoo
Post Number: 3386
Registered: 2-2001
| | Posted on Monday, November 04, 2002 - 12:08 am: | |
Don, I personally think you got all the money for that 450SL. I have had a couple of them and they were great cars. In my opinion the 450 was the best engine in that car. The 308s had timing chain problems and the 500 and the 560 had cam problems. However that body style is dated and has been played long enough and people don't want that look anymore. I think you did ok. |
Don Vollum (Donv)
New member
Username: Donv
Post Number: 35
Registered: 1-2002
| | Posted on Sunday, November 03, 2002 - 11:40 pm: | |
The auction worked out pretty well, for me at least. I sold the 450 for $8200, which is a little less than I might have gotten if I'd advertised it heavily and worked at it, but not much and the car is gone right away with no hassle.
Interestingly there didn't seem to be that many dealers at this auction. Most of the people I spoke with were end customers, including a few acquaintances that I ran into.
In general, things were pretty slow. Not that many cars sold, and they were having a tough time getting bids.
Right in front of me was an 84 Mondial Cab. Since I also own a Mondial Cab, I was interested in how it did. It was bid to $22k, but didn't sell (it was reserved at $26k). This Mondial has been floating around for a while-- it was on eBay not long ago, I don't know what it got bid to there.
The 355 Spyder didn't show up, so I didn't get to bid on anything-- probably better that way. |
ross koller (Ross)
Member
Username: Ross
Post Number: 503
Registered: 3-2002
| | Posted on Saturday, November 02, 2002 - 9:22 am: | |
go prepared to bid on the 355 spider. with the economy the way it is there won't be that many dealers willing to have their cash sit idle for 6 mths before they manage to sell it. bet it goes for low 60's, maybe lower. |
Don Vollum (Donv)
New member
Username: Donv
Post Number: 34
Registered: 1-2002
| | Posted on Friday, November 01, 2002 - 1:38 pm: | |
I'll post what happens. I'm going to put a reserve on it, so if it turns out to be a total lowball, I'll figure something else out. I have a pretty good idea what the car is worth, so I think I can put a reasonable reserve on it.
If what you guys are saying is true and it's just lowball deals, mabe I should bid on the 355 spyder! |
Horsefly (Arlie)
Member
Username: Arlie
Post Number: 357
Registered: 5-2002
| | Posted on Friday, November 01, 2002 - 12:00 pm: | |
So people are suggesting that cars for sale on dealer lots are purchased at auction with the same care and consideration that an individual would give to his potential purchase? I seriously doubt it. A dealer buys a car at auction because it is just another profit making item for him. A person buys a car because it is a major purchase that will be major transportation for years to come or a personal hobby car that will become a labor of love.
Dealers don't spend weeks and months searching for each individual car that goes on their lots. They buy multiple cars at a time. Individual people put far more effort and research into their purchases. The comparison is apples and oranges. |
ross koller (Ross)
Member
Username: Ross
Post Number: 500
Registered: 3-2002
| | Posted on Friday, November 01, 2002 - 11:43 am: | |
hardly seems worth selling it imho. you will probably get less than $5k for it, and since you know the car its probably worth more to you than that. no where to put it just to use on sunny days? no kids to give it to? etc. just feel you are better off not giving it away at some auction where everybody will lowball you. |
Don Vollum (Donv)
New member
Username: Donv
Post Number: 33
Registered: 1-2002
| | Posted on Friday, November 01, 2002 - 12:11 am: | |
Incidentally, the F-Car I'd like to get is a 365GTC/4, but it will probably be some months before I do anything. |
Don Vollum (Donv)
New member
Username: Donv
Post Number: 32
Registered: 1-2002
| | Posted on Friday, November 01, 2002 - 12:10 am: | |
It's a collector car auction-- you can check it out at http://www.silverauctions.com/auction.asp?ID=196.
There are two Ferraris so far (a 355 Spyder and a Mondial).
I probably could sell the car privately if I wanted to put the effort into it. I did advertise it in the local paper for a couple weeks, with minimal response. This way it will almost certainly be gone by the end of the weekend, with little hassle on my part.
The auction is inside, so I will probably take the hard top off and put the top down, sounds like good advice. |
Dominic L. DiMento (Domenico)
New member
Username: Domenico
Post Number: 36
Registered: 2-2002
| | Posted on Thursday, October 31, 2002 - 10:50 pm: | |
I've recently seen a few Ferrari's that I've seen at auction end up on dealers lots and some recently on e-bay.
You may end up getting more than you expect. Hype drives up the price and if the weather is nice, more prospective buyers. Good luck. |
VS (Vs1)
New member
Username: Vs1
Post Number: 10
Registered: 10-2002
| | Posted on Thursday, October 31, 2002 - 8:41 pm: | |
I know several dealer/brokers that buy cars at auctions all the time. I also know some guys who go to auctions - check out the cars and make deals prior to the auction itself.
It does seem you could find a private buyer for a clean 450 SL. |
Doug Meredith (Doug308)
Junior Member
Username: Doug308
Post Number: 212
Registered: 2-2001
| | Posted on Thursday, October 31, 2002 - 8:30 pm: | |
Call me ignorant, but who is the type of person that buys a car at auction? EVERYBODY that I know of, when looking for a car to buy, always researches the purchase for months, then examines the car from top to bottom, drives it at length, and gives the car an extensive third degree, time consuming examination before handing over the cash/check
Most used cars on dealers lots are from the auction. 50% of the people buying used cars are buying an auction car, marked up significantly. |
joe saldana (Ironjoe)
Junior Member
Username: Ironjoe
Post Number: 105
Registered: 12-2001
| | Posted on Thursday, October 31, 2002 - 12:03 pm: | |
Don,Theres way too much HYPE,I wouldnt waste my money.Sell it local, or on trader on line.com
|
Horsefly (Arlie)
Member
Username: Arlie
Post Number: 352
Registered: 5-2002
| | Posted on Thursday, October 31, 2002 - 11:57 am: | |
Call me ignorant, but who is the type of person that buys a car at auction? EVERYBODY that I know of, when looking for a car to buy, always researches the purchase for months, then examines the car from top to bottom, drives it at length, and gives the car an extensive third degree, time consuming examination before handing over the cash/check. How can any of this be done with a car up on the auction block? I've heard many horror tales of cars at auction, and if I was looking for a serious car with serious money, an auction is the last place I would look. |
Jeff Swearingen (Gazill)
New member
Username: Gazill
Post Number: 17
Registered: 10-2002
| | Posted on Thursday, October 31, 2002 - 11:52 am: | |
Sorry, can't help with the value on that car, but I would recommend taking the top off if it's not going to be exposed to the elements too long. If it's a public auction you'll especially want the top down. A nice write up answering all of the typical questions would help your cause. These normally include:
* Basics- year model, miles
* Service history available & recent work done
* Lack of accident evidence
* Copy of CarFax
* Copy of Kelley Blue Book retail value (this will be a high number)
* Statement of all systems working properly (assuming this is true)
* The fact that you have the title in hand (you're not a broker)
* Smoker / non-smoker
* Number of owners
* Any other interesting facts about the car that may distinguish it from the crowd
What kind of an F-Car is coming home?
-Jeff |
Don Vollum (Donv)
New member
Username: Donv
Post Number: 31
Registered: 1-2002
| | Posted on Thursday, October 31, 2002 - 11:44 am: | |
It's a 1979 Mercedes 450SL.
I have to clear a garage spot so I can add an F-car!
I'm thinking of writing up a summary of the service history (last two years, which is all I have) and leaving copies in the car.
I'm also wondering if I should take the hard top off and show it with the top down, or maybe with the soft top up. |
Jeff Swearingen (Gazill)
New member
Username: Gazill
Post Number: 14
Registered: 10-2002
| | Posted on Thursday, October 31, 2002 - 11:09 am: | |
Which car are you selling? If it's a newer one, I may be able to help with some values.
-Jeff |
Don Vollum (Donv)
New member
Username: Donv
Post Number: 30
Registered: 1-2002
| | Posted on Thursday, October 31, 2002 - 12:46 am: | |
I'm selling a car at an auction this weekend, or at least hoping to. Anyone have any advice for me?
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