Anyone after a cheap mh

Discussion in 'Motorhome Chat' started by chaser, Feb 7, 2014.

  1. chaser

    chaser Funster

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  2. ShiftZZ

    ShiftZZ Funster Life Member

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  3. camocam1

    camocam1 Read Only Funster

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    Interesting site certainly worth bookmarking for future
     
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  4. Terry

    Terry Funster

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    Not sure if I have this right but as I read it --15% Buyer's Premium plus 20% vat ? surly I have that wrong ?
    terry
     
  5. Busman

    Busman Funster

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    The way I read it was 15% campers/caravans all other lots 20% so just the 15% on this.
    Dave.
    Dave.
     
  6. philw111

    philw111 Funster

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    Looks that way - and presumably the seller has to pay as well

    Now how do I go about starting an auction house :thumb:
     
  7. chaser

    chaser Funster

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    Yes ,that's right , this place is only 4 miles away and they have sales every week , but it's mostly john Lewis returns, teles, hovers and stuff, but they did have a lot of bargains till everyone jumped on, you just have to remember to add half as much again as what you bid, but some stuff goes for odd pounds, and the mh is still cheap at £6000, and you can't get beat at the end by someone jumping in because nothing is sold till a certain length of time after the last bid.
    You can view stuff up till the day before the sale.
    For anyone interested in tools there are loads at this one.:BigGrin:
     
  8. John Laidler

    John Laidler Funster

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    Now you know why the founder of BCA David Wickins, died one of Britain's richest men. No such thing as a poor auctioneer in my experience. Wickins described his success to OPM - other people's money.

    But you can get bargains at vehicle auctions if you know what you are doing.
     
  9. ShiftZZ

    ShiftZZ Funster Life Member

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    Remember they do operate the following:

    11.4 The Website operates a ‘3 minute rule’ which means that any person who bids on-line within the last 3 minutes of a specific Lot closing time will instigate the automatic extension of the Lot closing time by an additional 3 minutes and so on for any such subsequent bids.
     
  10. treetops1

    treetops1 Funster

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    If you click on there caravans for auction i read after commision 20% vat to add.:Sad:
     
  11. chaser

    chaser Funster

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    As I said , you are quite right but if you allow for things to be half as much again than what you bid you will be about right and if you are vat registered you get that back anyway:thumb:
     
  12. scotjimland

    scotjimland Funster Life Member

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    That's not how I read it..

    copy of an ad for a caravan.. note.. the Vat is N .. I take that as No Vat

     
  13. John Laidler

    John Laidler Funster

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    My understanding is no VAT is added to auction lots, the auctioneers don't own the property they are selling for a start. They probably add VAT for their service charges but not on the whole lot.

    The "VAT - No" just means the item is entered by someone who is not VAT registered so if the buyer is registered they can't claim it back.
     
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  14. chaser

    chaser Funster

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    There is vat on the whole thing if the seller is vat registered, if it is a private vendor there will only be vat on the commission, if you go to farm sales the stuff the farmer is selling attracts vat but sometimes a private individual will enter something the auctioneer will state no vat, or sometimes it can be the other way round, if the farmer isn't registered but a registered firm enters something.

    Mostly in the pye sales the lots have all come big concerns so all attract vat.
     
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  15. estcres

    estcres Read Only Funster

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    I use John Pye auctions quite often, recently bought 2 laptops from them.

    Most items are subject to VAT but you have to check the individual lot. There is also a buyers premium of 15% or 20% depending on the lot, this buyers premium is always subject to VAT at 20%.

    Regarding the 3 minute rule, if a bid is placed within the final 3 minutes then the auction is extended by 3 minutes to allow any further bids to be placed, if another bid is placed then the auction is extended by a further 3 minutes and so on until 3 minutes have passed without a bid being made, the last bidder then becomes the winning bid.

    There can be some really good bargains on the site sometimes.
     
  16. chaser

    chaser Funster

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    Looking at the other one finishing same time, there must be 100s of printers, where do they all come from, my theory is people have them till the ink runs out then take them back and say there's somthing wrong with them and have another one:Doh:
     
  17. ShiftZZ

    ShiftZZ Funster Life Member

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    Sold at £16,550 plus 15% £2,482.50 total £19,032.50.. Sold as seen...
     
  18. TheBig1

    TheBig1 Funster Life Member

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    dont forget that motorhomes entered into this type of auction are likely to be repossessed by the finance house so may still be registered on the HPI register. this in effect devalues the van unless you can apply to have the entry removed

    many people dont understand the problems with a van not HPI clear so may be upset when they go to sell it on
     
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  19. Johns_Cross_Motorhomes

    Johns_Cross_Motorhomes Trader - Motorhome & Accessory Sales

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    You forgot the VAT on buyers premium, so thats another £500 on top, plus you have to go there and collect it.

    That van unless it had been recitified early on in life could well have a rotten floor and at nearly £20,000 was NOT a bargain even if it was ok

    Peter
     
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  20. Puddleduck

    Puddleduck Funster

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    At half that not a bargain if it's full of problems. For the amount paid I'd rather go to a reputable dealer.
     
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