Car auctions

Submitted: Tuesday, Jan 04, 2005 at 11:24
ThreadID: 19056 Views:1957 Replies:6 FollowUps:9
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Hi, just been looking at some car auction websites and was looking at a Landcruiser
GXL HDJ80R diesel 93 model auto. I have a budget of $15,000 and was wondering
if I could purchase it close to this figure since its an auction and not a car dealership.
Is it possible to save up to $10,000 at auctions or am I way out. (never been to a car auction before!)
Thanks for any advice.
Tim
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Reply By: Truckster (Vic) - Tuesday, Jan 04, 2005 at 11:40

Tuesday, Jan 04, 2005 at 11:40
It can be done, but BUYER BEWARE no warranty and no comeback if its really a POS...

Also lots of mining cars go thru auctions, and you wouldnt even send them to Simms metal for scrap.

Mate got an ex parks Dualcab lux for $10k off redbook price.. needed a new door...
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Follow Up By: Johnno1 - Tuesday, Jan 04, 2005 at 12:20

Tuesday, Jan 04, 2005 at 12:20
that is BS... Redbook wholesale price it what they go throught the auctions for. that is why they call it wholesale price !..

Anyway a new door is no big deal ...

You buy at auction and you are buying with other wholesalers. Be careful and the window will describe what the vehicle is like and if any of those things turn out to be wrong when you take delivery you can get your cash back... Only in the first day though ;).

Buy anything with a Toyota badge and you can't go wrong secondhand anyway.. Its when you start stuffing around with Nissan / Mitsu that the trouble starts and the wallet comes out.
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Follow Up By: Member - Paul J (ACT) - Tuesday, Jan 04, 2005 at 12:25

Tuesday, Jan 04, 2005 at 12:25
Who pulled your chain Johno................
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Follow Up By: Truckster (Vic) - Tuesday, Jan 04, 2005 at 12:33

Tuesday, Jan 04, 2005 at 12:33
Actually its not bullshi+. Why would I bother posting if it was bull$h|t?

He paid $10k under what the redbook price was, replaced the door for $200, drove it for 12 mths, drowned it, dryed it out, and sold it for ~$8k more than he paid.
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Follow Up By: Member - Davoe (WA) - Tuesday, Jan 04, 2005 at 13:16

Tuesday, Jan 04, 2005 at 13:16
havnt school holidays finished yet?
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Follow Up By: Truckster (Vic) - Tuesday, Jan 04, 2005 at 15:13

Tuesday, Jan 04, 2005 at 15:13
Daveo sadly they havent :(
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Follow Up By: Johnno1 - Tuesday, Jan 04, 2005 at 18:39

Tuesday, Jan 04, 2005 at 18:39
Sorry truckster but it is BS.
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Follow Up By: Johnno1s mummy - Tuesday, Jan 04, 2005 at 21:37

Tuesday, Jan 04, 2005 at 21:37
I apologise for little john, hes a very norty boy who has no idea what he is on about. Im suprised he can turn the computer on himself, then again they do learn computers from Kinder these days.

He should be cleaning his room, and washing his daddys VW Golf. He still hasnt taken the rubbish out since last Friday.

Wont be 3 more weeks and he will be back in school again.

Again I humbly apologise.
Gwendaline Johnno.
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Reply By: Member - Davoe (WA) - Tuesday, Jan 04, 2005 at 13:15

Tuesday, Jan 04, 2005 at 13:15
yup buyer bware that model probably wouldnt be used by mining co much One way to tell is to stick your fingers into one of the chasis holes and try and dig a bit of mud outand taste it if it tastes salty run and if the chasis is full of mud then have an extremely good look. I recently bought an 80 std with all the off road gear for an all up price of 15k 12600 + 2400 repairs (radiator brakes and rear hub) be aware that any l/c (any toyota actually) will be keenly sought after by dealers so the cheapest price you could get would be the first bid after they give up
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Reply By: Member - Bradley- Tuesday, Jan 04, 2005 at 16:43

Tuesday, Jan 04, 2005 at 16:43
i have bought a few vehicles from the auctions, and only go for the ex govt cars, usually they are only a few years old and are always fully serviced, anything with about 40k is highly sought after by the dealers, once you get up to 80k or so you are in with a good chance. Good tip is to identify the wholesale / dealer buyers and when they drop out of the bidding only go a few hundred above that. You will usually save anywhere from 4-8 grand. Easiest way is to look at the interior and underneath, if both in good nick then they are a pretty safe bet. you can also get a look at the books for them the day before and see who ran them. My jackaroo is still worth what i paid for it 3 years ago, and our hilux is nearly worth what we paid 6 years ago. Private owned vehicle auctions can be a real unknown entity.
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Reply By: zac_sprint - Tuesday, Jan 04, 2005 at 19:40

Tuesday, Jan 04, 2005 at 19:40
From my experience car auctions are owned and run by schonksters- and big ones at that too. I would say that used car dealers whose businesses failed end up graduating to the auction market- and that's one hell of a promotion for these boneheads.

If you can't even look at the car you are going to spend your hard earned cash on you may as well throw it in the fire.

zac_sprint
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Follow Up By: Member - Bradley- Tuesday, Jan 04, 2005 at 23:16

Tuesday, Jan 04, 2005 at 23:16
hmm thats why most of the used cars in the dealers lots come from there hey??? nothing wrong with the major auctions, especially ex-govt stock. you obviously dont know the wholesale / retail market setup real well.
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Reply By: Member - Peter D M - Wednesday, Jan 05, 2005 at 07:18

Wednesday, Jan 05, 2005 at 07:18
Tim,
i agree mostly with Bradley. Ive bought at private owner supplied auctions and they can be hit and miss, you can have a look an then 50 sec to bid. i bought a holden ute made about 300km before clutch gave out.
ive been flying down to sydney in the last month looking at govt 4x4s. checked out the auction website before i went, looked at the redbook prices and took plenty of time to check out vehicles.
books were not available before you buy. low km, clean, as in overall cond and underbody most with accessories were selling at the upper end of red book prices for wholesale, the "pearls" were selling for almost dealer prices.
i was interested in itd rodeo crew cabs a late 2002 r9 with 20k in mint cond $29.8k and a ra 2003 with 36k for $33.5 the dealers had dropped out a long way before these prices.
i bought a new one 2 weeks ago on $6.5k off sale for $38k on road with air.
these special deals are not considered by red book. do your homework.
ps hiluxes were worse. you would be dreaming to think you will save 10k off red book at a govt auction.
regards peter
AnswerID: 91368

Follow Up By: Member - Bradley- Wednesday, Jan 05, 2005 at 15:40

Wednesday, Jan 05, 2005 at 15:40
Hi Pete, i go to Fowles auctions in melb, they have a light commercial and 4x4 lane every fortnight i think from memory. You can spend the whole tuesday arvo looking at them and their books, look wed morning before auction, and they will even tell you the ballpark the vendor is asking. Not too shonky, the auctioneers will try to run you up against the potplant in the back corner, but if you let them know you are serious and keep to a limit then they are pretty good ( helps to bid on a few before the ones you want and drop out when the dealers are still going ). when we got our hilux 2wd they were worth about $16 s/h and we paid $11700 only 2 years old (factory warranty still) and 40,000k on it in mint condition ( ex govt resarch farm), its now got 140,000k on it and still looks and goes grouse, and worth about 9-10.
My jackaroo had just turned 3 and had 80,000 on it in top nick ( ex plantations dept bosses car), got it for 19,000 ( but it took me 2 goes to get it, passed in previous week for 21) now got 130,000 on it and hasnt missed a beat. Had to buy the missus a new car because she didn't like any of the available models at the auctions :-(( But scored a grouse demo deal and saved 5 grand :-)))

sounds like a good yeal you got in the end, 04 plate runout deal was it ?
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Reply By: Member - DOZER- Wednesday, Jan 05, 2005 at 07:56

Wednesday, Jan 05, 2005 at 07:56
Gday everyone
In a late publication of the book "what people payed" which is a list of Pickles auctions vehicle prices, a 1996 hdj80 cruiser went for 16.5k, with 280000kms, and condition was described as better than average.
I have also seen 1990 model hdj80's for sale in car yards for 15k with over 300,000kms on them....so u should be able to track down one for 15k, but as before, if you dont get the right vehicle, you can budget another 15k in repairs EASY.
My advice to you is to speak to Eric.
Andrew
b4 you bag me out, walk a mile in my shoes, then your a mile away and have my shoes :)

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