• This thread is just the tip of the iceberg.The people ahead of the curve aren't Googling for answers — they're already in here, having the conversations you haven't found yet. DealerRefresh is free.Get the full picture →

Sytner auction

AI Summary

A dealer purchased a vehicle from an online auction that didn't match its description and the auction house refused to accept it back; respondents confirm that dealer-to-dealer auction purchases typically offer no legal protections and are sold as-is, so the buyer will likely have to absorb the loss. The experienced advice suggests future auction purchases should be priced conservatively below market value to cushion against problem vehicles rather than paying full market rate.

Jul 26, 2019
1
0
First Name
darel
Hi I’ve just purchased my 16th vehicle from a online dealer auction , Unfortunately the vehicle is not as described I have paid for the vehicle and used their delivery service, They are not willing to except the vehicle back how do I stand with the law buying from a dealer to another dealer ?
Thanks in advance
 
At any "As-Is" auction you should never be paying MMR, a matter of fact I utilize Trade-In value for those auctions in order 1) to either cushion the blow of a shit car (allowing me to recon and retail) 2) Quick wholesale with minimal losses. You will be stuck in the car, and there is no dealer to dealer "laws" that I'm aware of. Usually, the only protection comes via the facilitating auction in order to stimulate business. Live and learn on that one
 

✨ AI Highlights

A dealer purchased a vehicle from an online auction that didn't match its description and the auction house refused to accept it back; respondents confirm that dealer-to-dealer auction purchases typically offer no legal protections and are sold as-is, so the buyer will likely have to absorb the loss. The experienced advice suggests future auction purchases should be priced conservatively below market value to cushion against problem vehicles rather than paying full market rate.

Replies Views 2 3,814 Started Last Reply