When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
Interesting result on the black Spyder. Only thing I saw is that it's not a professional listing (doesn't look badly done though) and the seller wouldn't post DME. I thought it might be a weird spec, but nothing too abnormal there: no plastic dash, has Bose and CarPlay, auto A/C, heated 18-ways (but lots of us like those), and the extra red looks fine enough with the black... ¯\_(ツ)_/¯
Interesting conundrum on that Spyder sale. Seller probably thought he'd be well over reserve when he agreed to it and was likely relieved when it didn't hit, but BaT making up the difference while good for the buyer is probably bad for the seller in this regard. I am sure their terms and conditions are locked down, but not a fun experience for anyone. Another reason not to sell a car on BaT.
he replied that it didn’t meet reserve so the car wasn’t sold as one commenter had said
Right, but subsequent posts indicate that BAT made up the difference and completed the sale. Seller got his reserve and BAT took a slight haircut off of their $5K buyer's premium.
Interesting conundrum on that Spyder sale. Seller probably thought he'd be well over reserve when he agreed to it and was likely relieved when it didn't hit, but BaT making up the difference while good for the buyer is probably bad for the seller in this regard. I am sure their terms and conditions are locked down, but not a fun experience for anyone. Another reason not to sell a car on BaT.
I don't see how selling your car for the reserve amount you agreed to is a reason to avoid BaT. Good reason to avoid agreeing to a reserve long in advance in a falling market, maybe...
I don't see how selling your car for the reserve amount you agreed to is a reason to avoid BaT. Good reason to avoid agreeing to a reserve long in advance in a falling market, maybe...
And BAT hasn't really established itself as a low-reserve auction, either. They seem to allow the home-run-or-nothing all too often IMHO. No deals left to be had there.
Seller agreed to that low number so he has nothing to complain about.
Last edited by SpyderSenseOC; 05-25-2023 at 02:55 PM.
Never understood the appeal of websites like BaT to be honest, much prefer to just list my car for the price I want to receive and negotiate with potential buyers
Interesting conundrum on that Spyder sale. Seller probably thought he'd be well over reserve when he agreed to it and was likely relieved when it didn't hit, but BaT making up the difference while good for the buyer is probably bad for the seller in this regard. I am sure their terms and conditions are locked down, but not a fun experience for anyone. Another reason not to sell a car on BaT.
PCAR does this too. Not sure about Cars & Bids but wouldn't surprise me. I think it's normal though totally unappealing as a seller.
Originally Posted by Lucifer
Never understood the appeal of websites like BaT to be honest, much prefer to just list my car for the price I want to receive and negotiate with potential buyers
Sometimes people don't want to deal with that and just want to move something. And for some cars BaT can bring more than if you list yourself. Different strokes for different folks.
Never understood the appeal of websites like BaT to be honest, much prefer to just list my car for the price I want to receive and negotiate with potential buyers
There are people that criticize BaT as a bad place for buyers ("Prices too high. BaT premium!"), and people that criticize BaT as a bad place for sellers ("Prices too low. BaT discount!"). Then there is a growing number of both happy buyers and sellers that come back to BaT for ACTUAL transactions. The concept of an auction site with a given standard for presentation, comments, questions, engagement with buyers, seems to be working quite well and growing. The number of potential buyers that it attracts for any car is unmatched. I would take a BaT auction result (sale or RNM) over any other market data as a reliable market indicator.
Interesting conundrum on that Spyder sale. Seller probably thought he'd be well over reserve when he agreed to it and was likely relieved when it didn't hit, but BaT making up the difference while good for the buyer is probably bad for the seller in this regard. I am sure their terms and conditions are locked down, but not a fun experience for anyone. Another reason not to sell a car on BaT.
There are very vague terms when you list your car. There's a small checkbox in the various information inputted, one of them is called "make whole program". It basically means BAT can cover the difference (up to 5% of the difference), pay the seller the difference between the reserve and the final bid if RNM.
It's a bad idea because it skews the market and it's very unclear what it means when the seller is inputting all of the requested information to list the car. It's just a small check box thats easy to accidentally click and agree to. BAT should not be in the business of playing god in these auctions, or offering options like that.
BAT is all for it because they can make 2-3% opposed to nothing when it doesnt hit reserve instead of their normal 5%.
The check the seller gets from BAT when this happens says "hearst" on it when this happens.
It's a business I understand that, but its unethical and over reaching.
I mean just think how confused people are when this happens, everyone is just guessing in the comments at what just happened and what the real value of the car is. BAT just wants to make $$$$, they have no interest in what this can do to the market trends perceptions on car values or unethical confusing terms for the seller.
The other part of this that I don't agree with as the auction is ending or in the last few minutes, BAT doesn't call you or ping you about what will happen next. or explain anything. There's no discussion, they just decide your fate and make the call if it interests them.
Last edited by roadawg1608; 05-25-2023 at 07:48 AM.
There are very vague terms when you list your car. There's a small checkbox in the various information inputted, one of them is called "make whole program". It basically means BAT can cover the difference (up to 5% of the difference), pay the seller the difference between the reserve and the final bid if RNM.
It's a bad idea because it skews the market and it's very unclear what it means when the seller is inputting all of the requested information to list the car. It's just a small check box thats easy to accidentally click and agree to. BAT should not be in the business of playing god in these auctions, or offering options like that.
BAT is all for it because they can make 2-3% opposed to nothing when it doesnt hit reserve instead of their normal 5%.
The check the seller gets from BAT when this happens says "hearst" on it when this happens.
It's a business I understand that, but its unethical and over reaching.
I mean just think how confused people are when this happens, everyone is just guessing in the comments at what just happened and what the real value of the car is. BAT just wants to make $$$$, they have no interest in what this can do to the market trends perceptions on car values or unethical confusing terms for the seller.
No one is confused. I really don't understand these 'objections' to absolutely VOLUNTARY and TRANSPARENT interactions between buyers, sellers, and BaT. Seller gets exactly the reserve price which he accepted as good & fair ahead of the auction. Highest bidder gets a car he likes for a price he likes and paying fees he likes. BaT closes a sale and is happy with a <$5k/5% vs zero fee. Everybody wins. Which part is "unethical and overreaching"?
Yeah, I don’t see the “crime” here, either. Sounds like a bonus feature offered by BaT, tbh.
If a seller doesn’t want to sell for the reserve, they set the wrong reserve.
Sounds like (some) people want BaT to be speculator friendly. Be able to set low reserves to bring bidders, but somehow not be held accountable to their reserve.
05-24-2023, 02:10 PM
