New GT3/GT2RS Leads With/Without ADM
03-09-2019, 04:27 PM
#4067
Race Car
03-09-2019, 04:27 PM
#4068
Rennlist Member
03-09-2019, 05:22 PM
#4069
Three Wheelin'
I agree. As evidenced by the lengthy approval process by experience.
Drive safe,
GT3RS-Fan1
This is not true. You still have the same ability to send in any color “sample” you wish (must be painted on a 6” card) and go through the same process as before if you’re willing to pay the feasibility test. The PTS list is updated every few months and the new colors which others have had tested/approved are added. That list grows every quarter.
No doubt, there are a handful of colors that are very popular and frequently chosen, but just because IG is loaded with the same 15 popular colors doesn’t mean the PTS process for new colors is dead.
As as much as all of you complain about everything PTS, demand for PTS is greater than ever - even with PAG essentially doubling the price. In fact, they could barely handle the demand.
Drive safe,
GT3RS-Fan1
This is not true. You still have the same ability to send in any color “sample” you wish (must be painted on a 6” card) and go through the same process as before if you’re willing to pay the feasibility test. The PTS list is updated every few months and the new colors which others have had tested/approved are added. That list grows every quarter.
No doubt, there are a handful of colors that are very popular and frequently chosen, but just because IG is loaded with the same 15 popular colors doesn’t mean the PTS process for new colors is dead.
As as much as all of you complain about everything PTS, demand for PTS is greater than ever - even with PAG essentially doubling the price. In fact, they could barely handle the demand.
03-10-2019, 09:58 AM
#4070
Rennlist Member
BAT automatically charges you a chunk of the auction price at the end of the auction if it's successful. It's a legally binding contract - it's extremely rare to see a deal on there not go through. This is as real of a comp as you can get.
Source: I've bought a car on BAT.
Source: I've bought a car on BAT.
03-10-2019, 10:05 AM
#4071
Banned
a friend "sold"his car on BAT. Let’s say reserve was 92k. The highest offer was 86k, not meeting reserve. BAT used part of their 5%fee to makeup the difference in the selling price. This way it appears that a successful transaction occurred, when in reality, the seller kept his car. True story. The car was not sold on BAT, but in reality was then traded into a local dealership for more then the BAT sale price.
A trade-in is typically a part of a more complex transaction involving a purchase of another car. The dealer cares about his combined profit from all parts of the transaction and often adjusts the trade-in and purchase prices accordingly.
03-10-2019, 10:08 AM
#4072
Rennlist Member
BaT reported it as sold and were willing to use the commission to make up the delta between the actual selling price and reserve. Simply, BaT was adding their 4300 commission fee to the deal.
03-10-2019, 10:14 AM
#4073
Banned
So BaT falsely marked an auction as “sold” where no sale had actually occured? Did they charge the highest bidder’s CC the 5% fee? Do you have the link for that auction?
03-10-2019, 10:20 AM
#4074
Rennlist Member
My friend did indeed not sell his car on BaT. They tried to force him into selling his vehicle. He referred the folks at BaT to their own listing agreement, which states that the seller has the right to accept a structure as such. He did not accept it, and ultimately traded it into a dealer. The car in reference was an agate grey gt4 with roughly 13k miles.
https://bringatrailer.com/listing/20...-cayman-gt4-8/
https://bringatrailer.com/listing/20...-cayman-gt4-8/
03-10-2019, 10:37 AM
#4075
Banned
My friend did indeed not sell his car on BaT. They tried to force him into selling his vehicle. He referred the folks at BaT to their own listing agreement, which states that the seller has the right to accept a structure as such. He did not accept it, and ultimately traded it into a dealer. The car in reference was an agate grey gt4 with roughly 13k miles.
https://bringatrailer.com/listing/20...-cayman-gt4-8/
https://bringatrailer.com/listing/20...-cayman-gt4-8/
03-10-2019, 12:20 PM
#4077
Racer
03-10-2019, 12:20 PM
#4078
If you were wondering why Bring a Trailer would pitch in to reach reserve price or they would report a sale when didn't occur, it's simply because they're trying to increase their company valuation. It doesn't matter if they're not profitable.
This is why their sales can't be used as comps.
BTW it looks like the highest bidder is on Rennlist, maybe he can confirm.
This is why their sales can't be used as comps.
BTW it looks like the highest bidder is on Rennlist, maybe he can confirm.
03-10-2019, 12:25 PM
#4079
Rennlist Member
03-10-2019, 12:29 PM
#4080
Banned
If you were wondering why Bring a Trailer would pitch in to reach reserve price or they would report a sale when didn't occur, it's simply because they're trying to increase their company valuation. It doesn't matter if they're not profitable.
This is why their sales can't be used as comps.
This is why their sales can't be used as comps.
I have no problem with BaT offering a deal to the seller to lower his reserve and make everyone happy. The 5% fee is theirs to play with however they want -- all auctioneers do this all the time. Falsely representing results/outcomes is a problem and a different matter altogether.
I got no horse in this race but from game theoretical perspective it is also possible that BaT competitors start spreading FUD about BaT to divert auction traffic to their own sites. Many internet wars out there.