Aston barclay would be 100 quid in fees, I'd make a point of travelling to a live auction bud, stock up to make it worth while. Tbh old 56 plate fusion at 1200 plus quid seems very expensive, never mind if it needs anything else, hope it gets done.
When I had my sales business, the physical auction visits were a BIG part of the job. Travelling 100's of miles weekly, viewing and assessing my proposed buys and meeting up with other dealers and traders. The on line aspect, may well save time and fuel, but give me 'the old days' anytime. I really dont envy anyone trading, let alone retailing these days! Your videos deserve the appreciation thet get! Keep it up...I'd be pulling my hair out by now, seeing how things so easily catch you out, despite all your best efforts.
Nice little video that, James - can’t recall seeing any other channel being so transparent - I (fingers-crossed) hope the Fusion works out for ya! As ever, keep ‘em comin’ JCHK
BCA are taking the Piss with their fees,I’ve been going there for years and managed to avoid any real problems because I stood next to the vehicle on start up which is usually the time faults show up when the engine is cold,this buying on line caper buying unseen and not being able to hear them is utter nonsense, they are getting away with murder with this way of selling vehicles but traders still buy them,it’s like playing Russian Roulette with 5 bullets in the gun and one empty chamber, they cream off all the decent vehicles to sell Via their retail outlet, Cinch and I believe Cazoo. They have closed all their live auction centres,it’s time someone else offered live auction sales so that the vehicles can be visually inspected before bidding on them, they will not accept any complaints about their discription of the vehicles and when they do it takes age’s to get any money out of them, they want their money but are very reluctant to repay any money they owe you,customer service is not their strongpoint they are ruthless.
BCA also take the piss out of their own Trade Plate Drivers and contractors, and have done for years. Like Tesco, this behemoth has swallowed up all the small companies and spat them out, and you can't buy anything from their auctions unless you're a dealer. If the dealers had any sense, they should boycott BCA for at least a month, just like the nurses, doctors and railway staff and bring them to their knees. There's obviously far too much corruption at the top level, and some dealers are getting better bargains than most.
Great to see your process when buying from BCA and thinking behind bid levels, very helpful! Even on BCA platinum fee still £229. Aston Barclay much better on fees, at least 30% cheaper.
You should have a chat with Berrow Motors and see if he can help you with cheapies, As he goes to Westbury you could always do some trades for stock. Also is S W V A auctions in Poole not worth a look, i used to get cars there when i lived in Dorset.
I'd personally stear clear of a Chevy Spark. Modification made to strenthen the clutch pedal (made from composite material). Daughters car with mod on clutch pedal still broke. New part not available in UK with second hand part likely to also break. Also best of luck if you need to get a RHD clutch cable if you need one.
Appreciate you being fully transparent how you calculate the highest bid price from looking at the sale price, then deducting repair costs, vat. As a private buyer I’ve noticed that main dealers work on a 3000 difference from the part exchange price. That seems too high to me
Love your videos. What would you reckon to a 2016 diesel Peugeot 508 with 150,000 miles on it and a clean mot. I'm thinking best case, it's a sales rep car that's done mostly motorway miles. Worst case a courier or taxi. What do you think, worth a punt?
@6:05 Yes, but some more than others and before you can have French baguette with Janette you should ask Claudette. 😊 For dealers it is all about pricing and experience. 👍 @12:05 Great, even though Kias and Hyundais are typical NPC choices that are poorly maintained as cheap urban runabouts, that doesn't apply to all of them. 👍
Lucky there dude!! The Fusion is probably due a cambelt according to the age and miles, not too bad to do. Some came with a dual mass flywheel and some a solid flywheel, again not too bad to do... It's just the extra cost of the dmf if it needs one!! See when it turns up 👍
What do you think about the Kia picanto they are very reliable cars I see a lot around my area with first time drivers and eldy people beware of a 2003 Citroen c3 if let the battery go flat you can't open the passenger and the door front doores the key goes the module control the door locking can fail I don't recommend the Citroen c3 chops go for a Kia or Hyundai 😊
As a trade plate driver, regularly collecting from BCA auction sites, a word of warning, especially if they are WBAC cars. I have delivered cars with more damage than BCA have described, also if there are mechanical issues eg bald tyre, EML light on etc I probably would refuse to drive it. The job would then be aborted and you will be charged for the delivery anyway.
Excellent video James - that light blue (Fiat) trade in you had in the last video must be worth tidying up and retailing going on the cost and risk of buying from BCA auctions? At least with the trade in you have already seen and driven the vehicle - must be less risk involved?
3 or 4 years ago, that would have been a £450-£500 car . How times have changed . Gone are the days when a car with say no m.o.t was only worth £50 max. Lol
Oline buyers BEWARE. You can usually tell by the lot number if it's bca's own car bought through webuyanycar, It will have letters like UK in it. They also show a photo of the dash with the engine running and no management light on, often that's because the management light has been turned off and the engine could well be junk which you will discover when you go to pick it up - You have been warned.
I have a good idea James Fiat Panda , I got inspirtation from High Peak Autos he got a 1.3 diesel 2006 model for £300 obviously i dont think you will get them that cheap often so around £1000 is probably more the ballpark figure but in the video Matt left it sat for 3 months in Spain and it started up straight away good old Fiats , I actually think the Panda is more liable than the 500 twin air
Clocked. Mileage? No would not know where to start lol, but again I think it's incredible rare these days, the cars record all these changes znd online checks so previous miles
I sold we buy any a complete lemon for caviar money- and they were probably laughing at me at the time, tells you all you need to know, people are off loading shite onto them
BCA know the market for cheapies is competitive. With amateur 'flippers', driveway dealers and traders with a small 'T' willing to pay the high fees and make it back by skimping on prep!
BCA have it all boxed off.......we need a shake up in the motor industry. They are the modern day Robin Hood with the fees. They have had me in the bag a few times with misdescribed vehicles......i got them back mind, they have had two pieces off crap off me recently at WBAC. Good luck to the next man on those two.
If Barclays or Manheim get their act together they can completely destroy BCA,they’ve already took a few of the big main dealers off them as well as Motability vehicles,the sooner BCA bite the dust the better,God knows how they treat their retail customers when disputes arise with warranty claims,buying from Cinch would never be for me,I wouldn’t trust them as far as I could throw them after some of the stunts they have pulled on me,misdescribed mechanical issues and damaged bodywork that you only find out about when you have paid for it.
1995 minus 600 purchase ,minus cambelt 250 minus new mot 250 minus paint 250 minus vat 200. 1550, 450 profit. If it were also 2495 retail then it would have worked
@@ChopsGarage big figures mate for an old 56 plate, I'd be like this 600 quid back here, 175 clutch done, no cam belt, oil change, vallet, maybe drop of paint, so 825,maybe 1495 but I'd not expect loads of interest, so 600 quid (maybe) it's not really worth a clutch and everything else at that age.
Have you ever dealt with clickmechanic for a pre-purchase inspection before? I'm looking to buy a used car from a private seller but I'm not sure what to look for and I want peace of mind with the purchase.
No never used them. Tbh depending on car you are wasting cash. If its old cars you are looking at you would never buy any of based on those report then and just rack up load of costs
@Chops Garage thanks for the response. I guess you're right, never going to find a used car without something that needs attention. Thoughts on purchasing Cat S or N?
Do you do your own mechanical work? If not you're at the mercy of your local shop. Find a local mech who doesn't mind a bit of weekend work, happy days.
The fees do seem expensive, but: Somebody has gone all around that car with stickers pointing every defect. The srvice history has been looked up and published. The mot history has been looked up and published, the engine management system seems to have been scanned and recorded, and probably even more checking and reporting has been done. This must have cost several man hours, which isn't cheap!!
I agree, on first glance the fees are daylight robbery, but as time is money for dealers being able to check a cars condition accurately with pictures, descriptions and history is worth a few quid. And at the end of the day the cost is passed on to the final retail buyer.
@ryanh3285 I can't see many people wanting a Euro 5 diesel. Not saying James is selling any. But me and quite a few friends have them. And in hindsight wouldn't have bought them. probably be banned from all the city centres before long
@@chrishart8548 Same for me mate i love car's but am more interested in paying my mortgage off i do general maintenance and services myself and don't really see the point in spending over 10 k on a car that's left outside for other people to scratch and dent which always happens to me so i have older but still nice cars that I don't care about too much.
Why would you buy a ford fusion ?? They where shit when new and haven’t got any better. Think about your market !!! Nobody wants one. The last time I sold one of these was 2008 to an angry middle age women who hated me for selling her a car ??
hi av got a fusion 14 in silver here done 51k , mint on a 56 plate , am thinking of 1995 , as there quite a good car , and little good cars are hard to find , .
The market is f*cked up at the moment lol, i tried last week to part X my car Citroën DS5 diesel 2012, Mot'd, 86,000 full service history and had cambelt done 2years ago, these are selling on Auto Trader with more millage and no cambelt done and no service history for £5-6000 yet their trader doesn't want to give me even £4000,was offered £3000 and even then he wasn't happy😮 even if he spent £500 on the car thetr would be 80% profit margin...there was a time when even making 30% was classed as a great deal,now they're taking the P out off people, all you get from them is auctions dont have cheep cars? Well when your looking at 80%+ profit thats greed
You do not have the right math that's the issue. So assuming 5.5k is correct price for yours then thats 2.5k gross margin. VAT on that alone is £500. Then if just £500 to prep thats £1.5k left (and its a big assumption it will only be £500). Then there is the 3rd Party Warranty on that £200 and the Valet £50. So £1200 left. Adverts across all platforms £100. Then the negotiated discount or over allowance on Part Ex so thats easy £200. £1000 left to pay staff, premises and the income tax at say 20%. Realistic net profit £500 so in fact less than 10%. They still then have to cover any issues the warranty won't within the first 6 months. The problem with out industry is people simply deduct purchase from sale and claim we rip people off and make huge profit.
@ChopsGarage based on you comment and your figures you just quoted will apply to all cars, that means the cars in the video are total loss to the company? That doesn't make sense as warranty,staff,advertising premises and so on bill be the same on all cars from £500-10,000, point being if in your own words £2500-3000 is not really £2500-3000 at the end figure then you need to be looking at buying cars with above this number to make any reasonable profit plus the buying/cost of the car too to make it work? But I get where your coming from...
@@451greenwood not sure what you mean. 2k is the minimum you really need to start with to end up netting 500 to 800. If you are trading cars under 3k say then realistically you have to accept small profits , 500. But selling cars under 2k is pretty much impossible. So as said its simply a misunderstanding of true overheads that leads people to think px offers are not fair.
I wouldn’t buy from bca again, no physical auctions & most of their stock is from their sister company, we buy any sh#t. The fees are too expensive, they turn off the warning & management lights with diagnostic tools & then charge a delivery fee as there’s no collection anymore. Let my gold card go & won’t buy blind,
Mugs game, who the hell is paying top dollar for a car that is 16 years old, these cars should have been re-born as razor blades years ago, these cars are around the age of cars I was buying dirt cheap (around 150 quid) from scrapyards as short time run arounds
Your business seems a gamble. Would not suit many people so you must have nerves of steel. I know why keep my cars a long time- 18 year old Mondy and 13 year old Piccanto . Buy a good car and keep it till it is worthless is my mantra. (look after it of course in between!)
The auction houses are having all the juice out of the deal, and don't forget they are getting it from both sides!!
Aston barclay would be 100 quid in fees, I'd make a point of travelling to a live auction bud, stock up to make it worth while. Tbh old 56 plate fusion at 1200 plus quid seems very expensive, never mind if it needs anything else, hope it gets done.
Nice little vid James, such a great insight to the auctions and costs associated...what a dangerous game though 🙈
I can remember going to bca buying car for £1000 paying about £100 in fees, back then you could actually check cars in auctions.
Oh that would be nice
When I had my sales business, the physical auction visits were a BIG part of the job.
Travelling 100's of miles weekly, viewing and assessing my proposed buys and meeting up with other dealers and traders.
The on line aspect, may well save time and fuel, but give me 'the old days' anytime.
I really dont envy anyone trading, let alone retailing these days!
Your videos deserve the appreciation thet get! Keep it up...I'd be pulling my hair out by now, seeing how things so easily catch you out, despite all your best efforts.
Nice little video that, James - can’t recall seeing any other channel being so transparent - I (fingers-crossed) hope the Fusion works out for ya!
As ever, keep ‘em comin’
JCHK
Those fees are absolutely outrageous these auction houses must be raking it in
Yep
BCA are taking the Piss with their fees,I’ve been going there for years and managed to avoid any real problems because I stood next to the vehicle on start up which is usually the time faults show up when the engine is cold,this buying on line caper buying unseen and not being able to hear them is utter nonsense, they are getting away with murder with this way of selling vehicles but traders still buy them,it’s like playing Russian Roulette with 5 bullets in the gun and one empty chamber, they cream off all the decent vehicles to sell Via their retail outlet, Cinch and I believe Cazoo. They have closed all their live auction centres,it’s time someone else offered live auction sales so that the vehicles can be visually inspected before bidding on them, they will not accept any complaints about their discription of the vehicles and when they do it takes age’s to get any money out of them, they want their money but are very reluctant to repay any money they owe you,customer service is not their strongpoint they are ruthless.
BCA also take the piss out of their own Trade Plate Drivers and contractors, and have done for years. Like Tesco, this behemoth has swallowed up all the small companies and spat them out, and you can't buy anything from their auctions unless you're a dealer. If the dealers had any sense, they should boycott BCA for at least a month, just like the nurses, doctors and railway staff and bring them to their knees. There's obviously far too much corruption at the top level, and some dealers are getting better bargains than most.
Great to see your process when buying from BCA and thinking behind bid levels, very helpful! Even on BCA platinum fee still £229. Aston Barclay much better on fees, at least 30% cheaper.
It's crazy high
You should have a chat with Berrow Motors and see if he can help you with cheapies, As he goes to Westbury you could always do some trades for stock. Also is S W V A auctions in Poole not worth a look, i used to get cars there when i lived in Dorset.
Thanks for the video great information !
Great looking stock❤❤❤
I'd personally stear clear of a Chevy Spark. Modification made to strenthen the clutch pedal (made from composite material). Daughters car with mod on clutch pedal still broke. New part not available in UK with second hand part likely to also break. Also best of luck if you need to get a RHD clutch cable if you need one.
Another good video chops 🚘🚙🚗⭐️⭐️⭐️👍👍👍👍👏👏👏👏
Thanks 👍
Thanks for sharing 👍👍 Outrageous fees ! ! Do they count for your gross margin? E.g. £SALE - £500 or £ Sale - £789 ?
Get that Punto tidied up, great cheap little car 👍
Appreciate you being fully transparent how you calculate the highest bid price from looking at the sale price, then deducting repair costs, vat.
As a private buyer I’ve noticed that main dealers work on a 3000 difference from the part exchange price. That seems too high to me
Wow Im not sure what dealers you are looking at there 1500 to 2k is norm unless you are dealing well over 10k
That second car you looked at was from a car dealer near me in derby, 😁👍
Love your videos. What would you reckon to a 2016 diesel Peugeot 508 with 150,000 miles on it and a clean mot. I'm thinking best case, it's a sales rep car that's done mostly motorway miles. Worst case a courier or taxi. What do you think, worth a punt?
done in my area them fusion don't sell more then 1500 ive seen many on at dealers for 2month and still not sold lucky they go for 1k with under 100k
@6:05 Yes, but some more than others and before you can have French baguette with Janette you should ask Claudette. 😊 For dealers it is all about pricing and experience. 👍
@12:05 Great, even though Kias and Hyundais are typical NPC choices that are poorly maintained as cheap urban runabouts, that doesn't apply to all of them. 👍
Lucky there dude!! The Fusion is probably due a cambelt according to the age and miles, not too bad to do. Some came with a dual mass flywheel and some a solid flywheel, again not too bad to do... It's just the extra cost of the dmf if it needs one!! See when it turns up 👍
Yes will kill it if dmf
Only the diesels have a DMF.
@@IfInDoubt.. Not so dude, mine is a 1.4tdci with a solid flywheel, but it could of had either from the factory 👍
@@ChopsGarage if it's petrol it's a std clutch, if diesel clutch es are fairly expensive with or without dmf.
Good buy, I think you just need to accept that you are potentially going to make less on cheap cars but you will sell more to balance it out
1:20 All Vauxhall / Chevrolet's have plastic thermostat housings. They often crack and lose water. Easy fix.
What do you think about the Kia picanto they are very reliable cars I see a lot around my area with first time drivers and eldy people beware of a 2003 Citroen c3 if let the battery go flat you can't open the passenger and the door front doores the key goes the module control the door locking can fail I don't recommend the Citroen c3 chops go for a Kia or Hyundai 😊
Having worked for BCA (not through choice) I can only agree with your initial comments......... though it goes further than just their websites
Always thought the Fusion should have sold better
As a trade plate driver, regularly collecting from BCA auction sites, a word of warning, especially if they are WBAC cars. I have delivered cars with more damage than BCA have described, also if there are mechanical issues eg bald tyre, EML light on etc I probably would refuse to drive it. The job would then be aborted and you will be charged for the delivery anyway.
My point exactly (above)
Excellent video James - that light blue (Fiat) trade in you had in the last video must be worth tidying up and retailing going on the cost and risk of buying from BCA auctions? At least with the trade in you have already seen and driven the vehicle - must be less risk involved?
I agree with that
Margin was too low needing belt and paint
@@ChopsGarage bit of filler yourself mate, forget belts on a cheapie, they hardly ever go these days. Chains are worse tbh.
Ive been offered a little corsa 1.7cdti that i could flip. Do these diesel corsas sell well?
You need to have a convo with your account manager James to discuss your fee structure if your planning on buying a few.
No not doing enough volume bud
@@ChopsGarage hopefully you’re on at least gold mate 👍🏼
My dad had a spark not a bad little car. He traded in for a c3 picasso
3 or 4 years ago, that would have been a £450-£500 car . How times have changed . Gone are the days when a car with say no m.o.t was only worth £50 max. Lol
Oline buyers BEWARE. You can usually tell by the lot number if it's bca's own car bought through webuyanycar, It will have letters like UK in it. They also show a photo of the dash with the engine running and no management light on, often that's because the management light has been turned off and the engine could well be junk which you will discover when you go to pick it up - You have been warned.
Great video
Thanks!
I have a good idea James Fiat Panda , I got inspirtation from High Peak Autos he got a 1.3 diesel 2006 model for £300 obviously i dont think you will get them that cheap often so around £1000 is probably more the ballpark figure but in the video Matt left it sat for 3 months in Spain and it started up straight away good old Fiats , I actually think the Panda is more liable than the 500 twin air
iv'e just watched that as well
Just as well gave you the Suzuki Alto a swerve, the bodywork was rough but I think you missed the fact that it had a Cat C 11:15
James, have you ever clocked a car ? I’ve noticed a couple advertised recently but much higher end stuff
Clocked. Mileage? No would not know where to start lol, but again I think it's incredible rare these days, the cars record all these changes znd online checks so previous miles
The fees are ridiculous
Those fees are why you never see a hard up auctioneer.
I sold we buy any a complete lemon for caviar money- and they were probably laughing at me at the time, tells you all you need to know, people are off loading shite onto them
The Peugeot 207 the engines seem to always have a tapping noise engine noise I had a 2010 one with full service history 100000 miles
yeah they common if its 1.4 they mini engine my only do it every so often mine as 65k
What is the difference between a trade auction and a public auction?
BCA know the market for cheapies is competitive. With amateur 'flippers', driveway dealers and traders with a small 'T' willing to pay the high fees and make it back by skimping on prep!
Yeah boss it’s a little minter I reckon it’s two grand worth. 😂😂😂😂😂😂. Bolloxks
BCA have it all boxed off.......we need a shake up in the motor industry. They are the modern day Robin Hood with the fees. They have had me in the bag a few times with misdescribed vehicles......i got them back mind, they have had two pieces off crap off me recently at WBAC. Good luck to the next man on those two.
I agree. We need someone to disrupt them
If Barclays or Manheim get their act together they can completely destroy BCA,they’ve already took a few of the big main dealers off them as well as Motability vehicles,the sooner BCA bite the dust the better,God knows how they treat their retail customers when disputes arise with warranty claims,buying from Cinch would never be for me,I wouldn’t trust them as far as I could throw them after some of the stunts they have pulled on me,misdescribed mechanical issues and damaged bodywork that you only find out about when you have paid for it.
Hi James, I am not sure why you get rid of the Punto (trade sale) and then buy this Fusion.
He does that, ha, ha.
1995 minus 600 purchase ,minus cambelt 250 minus new mot 250 minus paint 250 minus vat 200. 1550, 450 profit. If it were also 2495 retail then it would have worked
@@ChopsGarage big figures mate for an old 56 plate, I'd be like this 600 quid back here, 175 clutch done, no cam belt, oil change, vallet, maybe drop of paint, so 825,maybe 1495 but I'd not expect loads of interest, so 600 quid (maybe) it's not really worth a clutch and everything else at that age.
great you skipped that alto james, it was also a cat c total loss so it would been a really hard sale at 2995
See totally missed that good spot
got to speculate to accumulate james
True
Chops you doing an epic job pal
i stopped buyng from auction houses years ago much better inspection and value buying main dealer direct
If you can get in them , most won't now
Have you ever dealt with clickmechanic for a pre-purchase inspection before? I'm looking to buy a used car from a private seller but I'm not sure what to look for and I want peace of mind with the purchase.
No never used them. Tbh depending on car you are wasting cash. If its old cars you are looking at you would never buy any of based on those report then and just rack up load of costs
@Chops Garage thanks for the response. I guess you're right, never going to find a used car without something that needs attention. Thoughts on purchasing Cat S or N?
Thanks for showing me how to get cars without going through middle men like yourself :)
👍👍👍👍
Do you do your own mechanical work? If not you're at the mercy of your local shop. Find a local mech who doesn't mind a bit of weekend work, happy days.
The fees do seem expensive, but:
Somebody has gone all around that car with stickers pointing every defect. The srvice history has been looked up and published. The mot history has been looked up and published, the engine management system seems to have been scanned and recorded, and probably even more checking and reporting has been done.
This must have cost several man hours, which isn't cheap!!
I agree, on first glance the fees are daylight robbery, but as time is money for dealers being able to check a cars condition accurately with pictures, descriptions and history is worth a few quid.
And at the end of the day the cost is passed on to the final retail buyer.
your cars in uk gone crazy expensive for old cars uk used to be place to go for great value
Even a 18 year old focus mk2 can be £2500 now in most cases
Tell me about it
Going to get worse with ulez expansion.
@ryanh3285 I can't see many people wanting a Euro 5 diesel. Not saying James is selling any. But me and quite a few friends have them. And in hindsight wouldn't have bought them. probably be banned from all the city centres before long
@@chrishart8548 Same for me mate i love car's but am more interested in paying my mortgage off i do general maintenance and services myself and don't really see the point in spending over 10 k on a car that's left outside for other people to scratch and dent which always happens to me so i have older but still nice cars that I don't care about too much.
Why would you buy a ford fusion ?? They where shit when new and haven’t got any better. Think about your market !!! Nobody wants one. The last time I sold one of these was 2008 to an angry middle age women who hated me for selling her a car ??
Its not just car auctions that rip you off with fees,its most auctions,some fees put 50% on the price,so not worth buying it.
Cars under 3000 are not worth fixing body work,running, driving mot down the road make a few pound
Wbac bid 100 quid, St to bca, 700 quid sale, then your talking 1500 gross on it, that's some pie that everyones having a piece of.
"We Steal Any Car".
Buying work
Those fees are disgusting for a £500 car. Fair enough if it a high value car but wow! More than half the value of the car in fees and delivery.
Didn't know BCA was online only (got one ten minutes from me). Don't see the point.
hi av got a fusion 14 in silver here done 51k , mint on a 56 plate , am thinking of 1995 , as there quite a good car , and little good cars are hard to find , .
That car needing a clutch isn't even worth the fee money tbh.
4 owners on a chevy , risky
? 4 owners risky in 11 years? Really? Could of been pre registered, then 3 years chopped in a 2 more over 9 year period
The market is f*cked up at the moment lol, i tried last week to part X my car Citroën DS5 diesel 2012, Mot'd, 86,000 full service history and had cambelt done 2years ago, these are selling on Auto Trader with more millage and no cambelt done and no service history for £5-6000 yet their trader doesn't want to give me even £4000,was offered £3000 and even then he wasn't happy😮 even if he spent £500 on the car thetr would be 80% profit margin...there was a time when even making 30% was classed as a great deal,now they're taking the P out off people, all you get from them is auctions dont have cheep cars? Well when your looking at 80%+ profit thats greed
You do not have the right math that's the issue. So assuming 5.5k is correct price for yours then thats 2.5k gross margin. VAT on that alone is £500. Then if just £500 to prep thats £1.5k left (and its a big assumption it will only be £500). Then there is the 3rd Party Warranty on that £200 and the Valet £50. So £1200 left. Adverts across all platforms £100. Then the negotiated discount or over allowance on Part Ex so thats easy £200. £1000 left to pay staff, premises and the income tax at say 20%. Realistic net profit £500 so in fact less than 10%. They still then have to cover any issues the warranty won't within the first 6 months.
The problem with out industry is people simply deduct purchase from sale and claim we rip people off and make huge profit.
@ChopsGarage based on you comment and your figures you just quoted will apply to all cars, that means the cars in the video are total loss to the company? That doesn't make sense as warranty,staff,advertising premises and so on bill be the same on all cars from £500-10,000, point being if in your own words £2500-3000 is not really £2500-3000 at the end figure then you need to be looking at buying cars with above this number to make any reasonable profit plus the buying/cost of the car too to make it work? But I get where your coming from...
@@451greenwood not sure what you mean. 2k is the minimum you really need to start with to end up netting 500 to 800. If you are trading cars under 3k say then realistically you have to accept small profits , 500. But selling cars under 2k is pretty much impossible. So as said its simply a misunderstanding of true overheads that leads people to think px offers are not fair.
Alto milage not warranted
I wouldn’t buy from bca again, no physical auctions & most of their stock is from their sister company, we buy any sh#t. The fees are too expensive, they turn off the warning & management lights with diagnostic tools & then charge a delivery fee as there’s no collection anymore. Let my gold card go & won’t buy blind,
BCA is a rip off outfit, always has been. In the old days the auctioneer would take bids off of a passing fly or wasp. Always been dodgy.
Why did you skip up from the FAIL in the history?
For goodness sake, you don't record stuff and put it on TH-cam if you want to hide something!
Mugs game, who the hell is paying top dollar for a car that is 16 years old, these cars should have been re-born as razor blades years ago, these cars are around the age of cars I was buying dirt cheap (around 150 quid) from scrapyards as short time run arounds
Your business seems a gamble. Would not suit many people so you must have nerves of steel. I know why keep my cars a long time- 18 year old Mondy and 13 year old Piccanto . Buy a good car and keep it till it is worthless is my mantra. (look after it of course in between!)
Absolutely , always a gamble
Goodbye.
Bad buy
not sure if you go to many but some live auctions would be good to watch not online ones
Never gone. Day out to buy nothing too costly