Classic car price on request. What could I ask?
Discussion
I was watching video on Spanish seafood auctions, as you do; they start high and go lower, the first to say “Sí” wins the catch.
Could be an interesting concept for car auctions! Alternatively you could just ask the price, with a retort of “You’re having a giraffe,” or “That’s all reet.”
Could be an interesting concept for car auctions! Alternatively you could just ask the price, with a retort of “You’re having a giraffe,” or “That’s all reet.”
daqinggregg said:
I was watching video on Spanish seafood auctions, as you do; they start high and go lower, the first to say “Sí” wins the catch.
Could be an interesting concept for car auctions! Alternatively you could just ask the price, with a retort of “You’re having a giraffe,” or “That’s all reet.”
Think that's called a Dutch Auction? Could be an interesting concept for car auctions! Alternatively you could just ask the price, with a retort of “You’re having a giraffe,” or “That’s all reet.”
breeze00 said:
What price is supposed to be for this 1969 Chevrolet Chevelle 454 ? Why do most sellers put the price on request? Are they thinking that they will get more money?
You haven't provided a link to the ad so difficult to know what to suggest. Unless it's a complete wreck it's going to be at least £35-40K upwards, potentially much more if it's a matching numbers concours example.In terms of why some dealers do 'POA'.........fishing to see if there's someone out there with their nostalgia specs on, who'll pay strong money because Uncle Brad had one in Texas etc etc, or, working out from the initial call how deep they think your pockets are before revealing the asking price!
Jehu son of Nimshi said:
daqinggregg said:
I was watching video on Spanish seafood auctions, as you do; they start high and go lower, the first to say “Sí” wins the catch.
Could be an interesting concept for car auctions! Alternatively you could just ask the price, with a retort of “You’re having a giraffe,” or “That’s all reet.”
Think that's called a Dutch Auction? Could be an interesting concept for car auctions! Alternatively you could just ask the price, with a retort of “You’re having a giraffe,” or “That’s all reet.”
My understanding is you agree to sell for £100, then someone offers £110, you go back to the £100 man and say 'ooer sorry about this, but some other Cad has offered £110, so I've sold to him", then £100 man offers £120 and so it goes on.
Like any auction, but not everyone in the same room at the same time.
Huntsman said:
Not how I understand a Dutch auction.
My understanding is you agree to sell for £100, then someone offers £110, you go back to the £100 man and say 'ooer sorry about this, but some other Cad has offered £110, so I've sold to him", then £100 man offers £120 and so it goes on.
Like any auction, but not everyone in the same room at the same time.
Nope, that’s an auction by a grifting wMy understanding is you agree to sell for £100, then someone offers £110, you go back to the £100 man and say 'ooer sorry about this, but some other Cad has offered £110, so I've sold to him", then £100 man offers £120 and so it goes on.
Like any auction, but not everyone in the same room at the same time.
ker! Dutch auction is the descending auction.
You're a cynical bunch. Maybe a dealer has a car on consignment and that's how the owner wants it advertised.
It's a bit frustrating, yes, but only a problem for me if I'm actually interested in buying it. If that were the case, I'd just ring them and ask. Not worth getting all frothy over.
It's a bit frustrating, yes, but only a problem for me if I'm actually interested in buying it. If that were the case, I'd just ring them and ask. Not worth getting all frothy over.
AMGSee55 said:
breeze00 said:
What price is supposed to be for this 1969 Chevrolet Chevelle 454 ? Why do most sellers put the price on request? Are they thinking that they will get more money?
You haven't provided a link to the ad so difficult to know what to suggest. Unless it's a complete wreck it's going to be at least £35-40K upwards, potentially much more if it's a matching numbers concours example.But.....given they didn't make a 454 Chevelle for model year '69 (396 was biggest engine unless a v.rare COPO) its unlikely to be matching numbers.
Now, obviously without a link its unknown whether it is actually a '70 Chevelle, rather than a '69, but that could be because US model years went from around Aug to Aug, so the first '70 Chevelle's went on sale in Aug/Sept of '69, but you would always advertise a US car to the model year, not the year actually made.
Again, no link, no answer, and price could be anything from 10k to 200k.....
I think in some cases "POA" is used because of how fast the classic car market moves at times - Both upwards and downwards.
With some cars, prices can shift on a weekly basis, and the price wanted can become outdated, requiring the advert to be redone.
By putting "POA" instead, any market fluctuations are negated instantly.
In other cases, "POA" puts a lot of possible prospective classic car buyers off, but if they are put off, how serious were they really interested in buying the car?
Let's say for example that you want a genuine MK1 Escort Mexico, you see one for sale that looks perfect, but the advert states "POA", and you can't be ar$ed to simply contact them to find out the price - How serious were you really about buying one?
Surely if you were really serious, you would at least find out the price, and if you didn't like it, you'd simply say it's not for you.
In some cases "POA" is used because sellers think it makes their car sound like a higher end example of the car, a case of: If you have to ask, you can't afford it! , and they feel they can ask any amount they feel like, because there's a high chance that someone will come along, assume the high price automatically means the car is the best available, and happily buy it, not realising that there may have been better quality cars for sale for less money.
Unfortunately, a lot of prospective classic car buyers, especially those with little/limited experience of classic cars, automatically assume that a higher price automatically means a better quality car.
It's similar to how some people automatically assume that extremely low mileage means a much better quality car. Whilst that can be the case, there are plenty of times that a 40 year old car that has only done 200 miles in it's lifetime, can have more issues that a 40 year old car that has 80,000 miles under it's belt.
At the end of the day, if you see a car advertised that you like the look of, but the advert states: "POA", just ring them up/email/message them and ask what the price is - It's not obligating you to buy the car, or even go and see it.
By letting "POA" on an advert put you off, and refusing to contact the seller. you could be losing out on your ideal car, at a price that wasn't as high as you assumed it would be.
It's like refusing to bid on a car at auction because you don't know what the reserve is, and assume it will be higher than you're prepared to pay - By making no effort at all, there's a possibility that you could miss out.
With some cars, prices can shift on a weekly basis, and the price wanted can become outdated, requiring the advert to be redone.
By putting "POA" instead, any market fluctuations are negated instantly.
In other cases, "POA" puts a lot of possible prospective classic car buyers off, but if they are put off, how serious were they really interested in buying the car?
Let's say for example that you want a genuine MK1 Escort Mexico, you see one for sale that looks perfect, but the advert states "POA", and you can't be ar$ed to simply contact them to find out the price - How serious were you really about buying one?
Surely if you were really serious, you would at least find out the price, and if you didn't like it, you'd simply say it's not for you.
In some cases "POA" is used because sellers think it makes their car sound like a higher end example of the car, a case of: If you have to ask, you can't afford it! , and they feel they can ask any amount they feel like, because there's a high chance that someone will come along, assume the high price automatically means the car is the best available, and happily buy it, not realising that there may have been better quality cars for sale for less money.
Unfortunately, a lot of prospective classic car buyers, especially those with little/limited experience of classic cars, automatically assume that a higher price automatically means a better quality car.
It's similar to how some people automatically assume that extremely low mileage means a much better quality car. Whilst that can be the case, there are plenty of times that a 40 year old car that has only done 200 miles in it's lifetime, can have more issues that a 40 year old car that has 80,000 miles under it's belt.
At the end of the day, if you see a car advertised that you like the look of, but the advert states: "POA", just ring them up/email/message them and ask what the price is - It's not obligating you to buy the car, or even go and see it.
By letting "POA" on an advert put you off, and refusing to contact the seller. you could be losing out on your ideal car, at a price that wasn't as high as you assumed it would be.
It's like refusing to bid on a car at auction because you don't know what the reserve is, and assume it will be higher than you're prepared to pay - By making no effort at all, there's a possibility that you could miss out.
Price isn’t the only metric is it - by inviting you to contact them the seller is trying to get a chance to engage in a conversation about the car which gives the deal a chance to piece itself together.
If you don’t even want a five minute chat about the car then to be honest what chance was there that that deal was ever going to happen?
I’ve bought POA cars plenty of times before and it’s simply never been an issue of any description.
If you don’t even want a five minute chat about the car then to be honest what chance was there that that deal was ever going to happen?
I’ve bought POA cars plenty of times before and it’s simply never been an issue of any description.
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