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Old 01-24-2018, 01:47 AM
  #2086  
pfbz
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I just read through the BringATrailer user agreement as well. I'm not really seeing any language in there agreement that makes it binding between the buyer and seller either, or at least they have no intention of enforcing it... They do however keep you on the hook for their 5% buyers fee.

From the BAT Terms (here):
"Each Buyer acknowledges and agrees that (i) each bid submitted via the Service is binding on the Buyer with respect to applicable Buyer’s fees, and (ii) Buyer is responsible for all applicable government fees and taxes for applicable vehicles listed via the Service."
But unlike eBay, I think BAT has an incredibly high close rate for successful auctions.
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Old 01-24-2018, 02:34 AM
  #2087  
grampswrx
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BaT bans users who win auctions and don’t follow through. So if you do that once, you can never bid again.
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Old 01-24-2018, 03:05 AM
  #2088  
pfbz
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Originally Posted by grampswrx
BaT bans users who win auctions and don’t follow through. So if you do that once, you can never bid again.
Sounds very likely, but curious how you know this... urban legend? word of mouth? direct experience? I've never heard of an auction that didn't go through, though I'm sure it happens.

My guess is that any buyer who doesn't follow through would have a reason involving the car or the seller, creating more of a he-said she-said situation, hence BAT's likely reluctance to get in the middle of it.
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Old 01-24-2018, 03:29 AM
  #2089  
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BaT has mentioned it in their comments several times. If there’s a legitimate issue with the car or it wasn’t as represented, that’s one thing. But if you bid and win, they make sure as best they can that you go through with it. And, it’s not that big of a loss if you can never bid again, because you don’t have to buy a car on there. There have been several instances of people being banned for not following through. One guy bailed because he planned to import the car to Europe but it ended up being to big a hassle.
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Old 01-24-2018, 05:52 AM
  #2090  
Freddie Two Bs
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When you win an auction, Bat sends you a message with "tips to make it more likely to close the deal" or something to that effect, which suggests that a material number of deals in fact fall through.
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Old 01-24-2018, 10:48 AM
  #2091  
Carlo_Carrera
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Originally Posted by mbaran


I think the seller did not set a reserve. He may reneg on the deal, but as it stands that auction successfully closed. A reserve not met auction I am pretty says so clearly that the bidding has ended and reserve was not met.
The seller wrote in the description the reserve was $45k.
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Old 01-24-2018, 11:10 AM
  #2092  
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looks nice for mid 30s...but needs a thorough look and PPI.
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Old 01-24-2018, 06:02 PM
  #2093  
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Reserve not met at $42k. Deserved a bit more love I think.

https://bringatrailer.com/listing/20...-911-turbo-17/
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Old 01-24-2018, 07:00 PM
  #2094  
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Originally Posted by rick brooklyn
Reserve not met at $42k. Deserved a bit more love I think.

https://bringatrailer.com/listing/20...-911-turbo-17/
Yes, worth more.
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Old 01-24-2018, 11:21 PM
  #2095  
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Not sure how BAT works but is there a buyer's premium added to the sale price? What was the effective sale price for the buyer, 45?
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Old 01-24-2018, 11:35 PM
  #2096  
mbaran
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Originally Posted by Carlo_Carrera
The seller wrote in the description the reserve was $45k.
what I meant is that I think he forgot to configure his auction to have a reserve. There’s actually an inbuilt function of eBay to advertise that the auction has a reserve and whether or not it’s been met.

I think all he did was put in the comments that he had one.
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Old 01-25-2018, 02:25 AM
  #2097  
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Originally Posted by jkfuel
Not sure how BAT works but is there a buyer's premium added to the sale price? What was the effective sale price for the buyer, 45
BAT has a 5% buyers premium, up to a max premium of $5,000 ($100K sale price).

BAT might be over-fluffing 996 Turbo's just a tad...Seems like they have one or two up for auction every week!

On the $42K RNM car, seems like it could have gone a bit higher given the mileage, I wonder if the dead hydraulic rams and the 'title needs to be paid off' issues put off a few buyers.

Seller stated after the auction that he was looking for 'high $40's...' and that presumably was the reserve. If it was say $48K, then that's over $50K with the premium, seller damn well should be fixing the hydraulic wing first!
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Old 01-25-2018, 05:09 AM
  #2098  
Freddie Two Bs
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Originally Posted by mbaran
what I meant is that I think he forgot to configure his auction to have a reserve. There’s actually an inbuilt function of eBay to advertise that the auction has a reserve and whether or not it’s been met.

I think all he did was put in the comments that he had one.
Well, the default condition is that auctions normally do have a reserve, really. When they don't, it's advertised loudly in the headline of the ad: "No Reserve, 2003 Porsche 911 Turbo", etc.
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Old 01-25-2018, 09:05 AM
  #2099  
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Last auction I did with BaT, the reserve was a major discussion with them. They were pushing for a much lower reserve than was acceptable to me. I suppose it's possible that BaT had a lower reserve and the seller simply stated it was higher.
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Old 01-25-2018, 10:11 AM
  #2100  
Freddie Two Bs
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Originally Posted by techweenie
Last auction I did with BaT, the reserve was a major discussion with them. They were pushing for a much lower reserve than was acceptable to me. I suppose it's possible that BaT had a lower reserve and the seller simply stated it was higher.
I've heard they are quite pushy for low reserves, oddly enough though sometimes they seem to accept levels that are off market, like the gt350 that didn't meet at $43.3k.

There have also been instances where they've covered the gap of a car that had been bid up to close to reserve but not quite, as they'd rather book the sale with the commission than let it go bad for a few dollars
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