1. When you bid on a vehicle on BaT, your bid is verified via a hold being placed on your credit card for 5% of the bid amount. Manual Cost Per Click (CPC) Similar to the manual strategies for Facebook, if you want to have more control over the cost and spend, this is a good strategy for you. And they have a relatively new white glove service for significant cars and collections. | #FastFriday, Come see us at this weekends Radwood at The Amelia, see two of our raddest project cars, Show your Grassroots Motorsports love boldly with a flag, How to barter your way to low-buck racing glory. BaT is happy to provide assistance or answer questions during this part of the process. Unlike eBay Motors, BaT attracts a much more passionate readership and customer base. As I mentioned in the post yesterday about the BMW Isetta eBay auction the eBay auction process is really not an auction at all when the seller can cancel all bids and remove the car. I sent a follow up email on January 29 and had no response so I sent another email on February 2 and received a quick reply with a promise to get in touch tomorrow. The tight grouping in a linear pattern is a good output for the model because it shows that the predictions of each sale were quite close to the actual hammer price. We are Reddit's central hub for vehicle-related discussion including industry news, reviews, projects, videos, DIY guides, stories, and more. Each eBay listing can be different because eBay has many types of listings. If it truly is a car you cannot find anywhere else, and somebody on there wants it they are going to get it. That very truck sold recently for $88,000 on the site in June with a whole host of feature listings. In a typical eBay listing, you got used to bid sniping. Between now and Tuesday, August 2, you can bid on it at Bring a Trailerwhich, like Car and Driver, is part of Hearst Autos. Potential bidders can use the Contact Seller button to ask the seller questions, schedule a viewing, or set up a test drive. Last minute bidding takes away his ability to contemplate or gain spousal approval for going forward to a higher price level. WebI think sites like Bring A Trailer artificially raise the prices of used cars. 2022Recurrent Ventures. Creating an account will also give you a public member page. Bring a Trailer has become an obsession for many auto enthusiasts. The minimum fee charged is $250 and it cannot exceed $5,000. First, the way they choose a vehicle for listing is what BaT Director of Auction Operations and Customer Experience Zac Beatty says is one part science and data and one part being an objective curator. The odds of encountering someone willing to get a modified 134k mile 997 at any cost are not high. I'd think that's a pretty good car to buy on BaT. I'd say that's well bought, with the 4.0 LN motor in it. Auction Results View 99,955 Completed Auctions Get Daily Updates Popular Listings this week Gulf Blue 2022 Porsche 911 Turbo S Coupe Sold for $400,000 on 2/24/23 47-Years-Family-Owned 1968 Plymouth Road Runner Hemi Sold for $130,000 on 2/28/23 Instead, they provide the contact information to both parties at the close of the sale. Because all of that isnt ambitious enough, he has an email service where users can sign up to receive inventory analyses on specific vehicles. I'd say that's well bought, with the 4.0 LN motor in it. What recourse do they have? if you place a bid within the last 2 minutes of an auction the timer goes back up to 2 minutes ensuring that nobody can snipe a bid at the last minute. When the auction closes, the hold is released for all bidders who didnt win the vehicle. Crazy, right? We have the answers to most common questions in our Frequently Asked Questions. The people who buy on that site, expecillay for their own collections do not give a flying berkeley about the final cost. She does occasionally drive our manual six-speed 1996 Porsche 911, which we have owned from new. Click here. Again, if you win and back out, you risk being banned for life. Our tried-and-true service. There may be some cases where incomplete data exists, so the model was created to accommodate the uncertainty. BAT wants those seller and buyer dollars, They could care less if the buyer is getting ripped off. The 997 market is softening and I figured $40 to $42,500 was my goal and I was willing to go up to $45,000 if I thought I could get it. I am actively working on another revision to the modes however, so may find some systematic issue while doing that though. By shying away from BaT, youre cutting yourself off from a resource that provides access to a virtually endless parade of dream cars. When the auction ends, Bring a Trailer charges the winning bidders credit card a 5 percent fee, which is in addition to the auction price. This practice ensures that everyone has the chance to place their bids and it allows the seller to receive a fair value for their vehicle. So what can you do to make your listing stand out? BaT Auctions is famous for its vibrant community of well-educated commenters. No longer are motorcycle and automotive enthusiasts limited to the available offerings in their local classified sections, with a number of big websites that now offer specialty vehicle auction services that cater to an immense array of vehicles from all genres and eras. Concierge and comprehensive service for sellers with significant cars and collections. The chart above shows one of Gaffney's models and the actual sale price versus the model's predicted sale price. I am not sure if it's just the stray case where the model was off by a bit or if the economy really did screw with some auctions. The dealer assured me this car was not a Katrina car and it had only been in Louisiana for one year. (Opt Out of Sale/Targeted Ads). You want a 330 GTC same thing, SVJ same thing. This means running a VIN check, reaching out to the seller which can be done via the black Contact Seller Button to ask questions, or even scheduling a time to go physically inspect and test drive the thing. I was told by a reputable car broker of high end cars (Porsche, Ferrari & Lambos) that they have 4 bidders working in the background to jack up bidding prices but not sure if this is really true but based on some of the ridiculous prices I have seen people pay it does makes me wonder. Obviously if the bidding is well below that amount, don't show all your chips unless you need to, but plan on bidding all of your budget at the last second. Instead of people selling their old cars at competitive but fair prices, now theyre able to sell them to the highest bidder at much higher prices than if they sold them on Craigslist, Facebook Marketplace, or even the for sale section of their local newspaper. Want to head straight to our FAQ? If you're up against one of "the alumni," you'll need to quit when you inevitably run into your cap, and then accept that no matter how high your bid was they would've outbid you anyway. You simply click on the Bid button and enter the amount you wish to bid, and viola. Terms of Use, Your Privacy Choices The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. All Rights Reserved. Bring a Trailer is Good but there is a NEW Kid in town which is Better. The upgraded service is $349, which includes professional on-site photographers who fully shoot the car based on a comprehensive checklist of photos. This Tool Predicts Bring a Trailer Auction Results With - The Drive As long as your bid remains the highest, you will win the auction. Were seeing all over the market a huge amount of interest in this emerging segment of 70s to 90s American SUVs, trucks, and 4x4s. If you have comprehensive coverage on your insurance, then it should pay to replace your car. I wanted $53K and they said $47K, take it or leave it. And though that 5% is refunded right away, it typically takes a few days for said money to reappear in your account. The other key aspect is the description, and while BaT assigns a rep to write the text for you, if you want to catch their eye youll want to submit a solid set of specs and information for the team to evaluate. Its always best to get everything sorted before attempting to coordinate shipping, so here are the documents you will need. Sellers also have the ability to lower their reserve amount at any point. We saw one on the Bring a Trailer auction this past January that we thought would satisfy our desires. Once the auction ends at no sale, BaT tries to bring The highest bidder and the seller together. The reader comments on this post are interesting too. to Members Watchlists so Members can keep track of when sale dates have been assigned and vehicles are ready for bidding. California Notice at Collection Once a successful bidder wins an auction, BaT will give the buyer and seller each others contact information. Its also never a bad idea to read through the comment section, as the sheer number of commenters can often contribute valuable facts, opinions, and insights. Yes they do. Did you know that people use software just to make sure they get that last minute winning bid in? A lot of them were driven daily and even broke down at some point. The only good thing I can say is that when I ultimately requested a refund it was promptly processed and I got my money back for the listing. You can lower the reserve at any time during a live auction, however, if it looks like the price isnt going to get there. Please note, comments must be approved before they are published, Use left/right arrows to navigate the slideshow or swipe left/right if using a mobile device. each time a bid is placed, giving everyone a fair chance to place their maximum bids. When a bid is placed, we place a hold on the credit card on file for 5% of the bid amount. Most auctions on Bring a Trailer last seven days, though the occasional premium one (a higher tier of auction reserved generally for fancier cars) will go for 14 days. I am curious to know what everybody's thoughts are on the best strategy for bidding on a car on Bring a trailer? As a rule of thumb, just use common sense and trust your gut. If youre bidding on a vehicle, monitor the auction closely on the final day. No amount of game theory is going to give you an edge. To start, Gaffney wrote a data collection system in a programming language called Ruby that scours Bring a Trailer auctions and dumps the informationincluding auction times, bids, and commentsinto a database. Curious to know, BaT says they will help a auction that ends close but does not meet reserve. This part of the process is extremely easy and During the final two minutes of an auction on Bring a Trailer, the clock resets whenever a bid is placed. If you buy from a link, we may earn a commission. The buyer and seller coordinate shipping. Bring A Trailer. All sellers need to work with a BaT team member to design an informative and honest listing for the vehicle. In general, buyers are responsible for shipping, applicable taxes, registration fees, and other costs associated with vehicle ownership. Sniping protection extends the auction clock by two minutes I havent observed that on a systematic basis but I have definitely seen some cases that are a bit off. Where last minute rapid fire bidding makes it easy to get caught up in the adrenaline and just keep clicking "bid". In its first year of offering cars to the public, 2014, BAT listed 450 cars for an average sale price of $21,000 and a sale rate of 72%. Theres definitely a method and the scrappy and small BaT team knows what theyre looking for. The automatic payment also acts as a deterrent to non-serious bidders. That site is great for selling, with very few bargains to be found. The buyer and seller arrange payment terms privately. Unlike eBay, Bring a Trailer doesnt offer Buy it Now pricing. Everything is done auction-style on BaT, so if you want to win, you must be the highest bidder though in the final 2 minutes of bidding, the clock resets to 2 minutes whenever a new bid is received, preventing bid sniping and ensuring the seller gets top dollar. All contents 2023 The best vintage and classic cars for sale online | Bring a Trailer, Privacy Notice The first is a community account that requires an email address. Our AC Cobra also was from New Orleans! Any good experiences with other sites where I could successfully sell our rare little Volvo? Two/three people fight it out, one newperson lays down the big bid. Web2023 Cargo Trailer, with MI BILL OF SALE for sale in Copart Kincheloe, MI on 03-08-2023 lot #41634***. It may be March, but winter's not done with Michigan. This account requires you to provide your full name and address, and to put a credit card on file. They want cars that have a usability component and are WebWhen a bid is placed, we place a hold on the credit card on file for 5% of the bid amount. Problems can arise when the buyer and seller dont see eye to eye. BaT usually does have a reserve on their auctions but they do not disclose the reserve nor do the disclose if or when the reserve has been met. there is a vehicle called a stalker goin on auction right now and the seller told when the reserve was met. He got to work and despite his penchant for cars that break, his models do not. Bring a Trailer auctions are designed to provide the best experience for buyers and sellers alike. So many bidders on BaT want cars they can get in and drive. (The 5 percent fee is capped at $5,000; buyers who win an auction at a price of more than $100,000 still pay just $5,000.). I wish eBay worked that way as a buyer, and if I sold on eBay I'd probably feel the same. If you are looking for the lowest price possible on a car for resale or because you are completely broke, go to a classifieds site like eBay or Craigslist. It's like every auction other than eBay :). Don't fabricate anything until you see these 5 tips, Is electricity superior to $2000 of ingenuity? If I have my own subjective, mushy-brain qualitative reasons for thinking that a car is probably a good deal for me, and a more hard nosed model is saying it's fairly priced and it's unlikely there'll be another of comparable value on the market any time soon? But yeah, anyways, I think you're right, a few features are driving this. Odometer fraud is still possible even in the age of electronic odometers, which will commonly display an asterisk that displays after tampering has been detected. Choosing a selection results in a full page refresh. Is is up to the dealer and I to work it out. Once youve set up an account and listed a valid credit card on file, you can start bidding. The car is a fully restored 1970 Volvo 1800E that cost much more than my reserve just a year and a half ago. This includes a calculation of the rough odds that another vehicle of the same make or model will surface for auction again in the next 90 days and measures the likelihood that at least one of the new auctions will close at a lower price point than the most recent sale. I bought this AC Cobra without a pre-purchase inspection and did not have any surprises. I also had a few email exchanges with the dealer but he did not answer all of my simple questions nor did he get back to me as promised. Comparable Im not sure what you do with it, but really cool project nonetheless. Heres how you actually buy one. Learn how it works. Every product is carefully selected by our editors. It's got a few miles on it (133k) but besides that it should make a great driver for me to enjoy as a first porsche. This part of the process is extremely easy and intuitive. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. All rights reserved. To get a full grasp of the mechanics behind Gaffney's project, he has made his notes available online. This might get into the heads of the other bidders who have not touched the car. Bring a Trailer offers two tiers of accounts. Got a tip? Take literally one thing out and it's a weighted average. | #LowBuckWednesday, Import lovers: See some of the best at Carlisle on May 12-13. The buyer and seller then work together to complete the transaction and arrange for shipping if necessary. From there, the two of them can work out their own deal, if they desire. Assuming that there is a relatively clear valuation on it and sufficient number of bidders, it will sell for what it is worth, more or less. Mike, your issue is with the selling dealer and not with BaT. Of course, a pre-purchase inspection is still the best practice for anyone looking to buy and BaT sellers are often willing to facilitate this service on your behalf due to the high-end nature of most of the sales. There are several documents youll be required to have when you export a vehicle from the United States. With manual CPC, you select the price that you're willing to pay for each click. The auctioneer can set reserves for their items to ensure that it sells for a minimum amount. Born in Louisiana, I know what the humidity is like down there. The buyer must arrange and pay for any shipping vendor they choose or pick the vehicle up themselves. When a minty example comes along it catches peoples attention, and the most original lowest mile examples will soar above the rest.. What do you know that they dont??? Her last manual transmission was a Volvo Turbo that she drove for eleven years, but that was a long time ago. I too bid on BaT auctions once in a while. No shipping costs are covered by BaT or the seller. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. why is bat down today. Door-to-door shipping can cost between a few hundred and a few thousand dollars, depending on the logistics and service quality. Just like eBay, you can enter the total amount you are willing to pay and the program will automatically adjust your bid as needed. WebBring a Trailer is the best place to buy and sell collector and special-interest vehicles online. Since then, I have shot something like 25 listings, and I've adjusted and fine tuned my process a little bit. I had to laugh when the author of the drive blog post posted the author's formula and acted like it was some super sophisticated thing. Very pleased with how they ran my auction. On top of that, the fees are significantly lower for the seller. Not here in Florida. I would bid only last minutes and only in tiny increments. If you win the auction, it goes toward your fees. Our definitive guide to how to buy your first motorcycle will fill you in on everything you need to know to cop your inaugural two-wheeler. Its all smoke, mirrors, and statistics. bidding on BaT works like a live auction in the real world (not like Ebay) where you pay a small amount over the next highest bidder so if you bid $15k then the bid is $15k. All Rights Reserved. And because cars are often an emotional purchase, it can happen here. Probably lots of exceptions to a rule about mileage, but still an important one overall. Each seller is provided with an Auction Specialist, What I do think though, is that: it's a good filter to get rid of obviously bad deals. Competition is a great thing. 1986 Ford RS200 Evolution Sold for $502,500 on 3/19/21 664 Comments View Result Premium Listing Make Ford Era 1980s Origin British Seller Shaughnessy Location Load 580 additional live We represent each car honestly Next week there will be 470 different listings. Personally, I would figure out what the maximum I would pay for the car is, and plan on bidding that amount at the last second. I thiought Ebay was bad but these Guys take it to a new level. I set a price on the product and if there is a price in mind that buyer is willing to pay it is his or hers responsibility to share that. The odds of encountering someone willing to get amodified 134k mile997 at any cost are not high. And, while arranging international shipping is obviously markedly more difficult than coordinating a domestic delivery, international bidders are welcome to partake in BaT auctions, so long as they have a valid credit card on file. The minimum fee charged is $250 and it cannot exceed $5,000. The bidder is responsible for knowing what theyre bidding on, poring over the photos and written description, reaching out to the seller, and scheduling an appointment to see and test out a vehicle. I saw BringATrailer in my feed a few weeks ago now and thought many of the same things I thought when I built the TAP deals model and figured it'd be worth a shot to see how predictable this market was. Before you can do anything on the site, you need to register to bid. We use cookies to optimize our website and our service. The auction isnt over until two full minutes have elapsed since the highest bid was placed. They take their time to vet all the prospects and ensure that you get what you pay for. To actually bid on a vehicle you need to set up an account in which you list a valid credit card. You will need to provide some financial account information before you are able to place a bid. Sniping protection extends the auction clock by two minutes each time a bid is placed in the auctions final moments. If the auction reserve is met when the listing ends (or the auction is no reserve), BaT provides the seller and winning bidder with each others contact information. Keep Your Cool In the Clutch with the Air Jordan 6 Cool Grey, Nordas 001 Trail Running Shoe Is a Sustainable Performance Booster, 10 Best Minimalist EDC Essentials [VIDEO], This Rare Auto Delta-Built Alfa Romeo Giulia GTA Racer Is Seeking a New Home, BMW Motorrad Taps Vagabund Moto To Craft a One-Off CE 04 E-Scooter, The 1999 Porsche 911 Classic Club Coupe Factory One-Off Is Up For Sale, Husqvarna Introduces a Long-Range Adventure Touring-Ready Norden 901 Expedition Motorcycle, Hennessey Gives Its 1,012hp MAMMOTH 1000 TRX Pick-Up a Carbon Fiber Edition, Specializeds Turbo Tero X Is the Ultimate All-Terrain eBike for Hauling Cargo, Independently published in Los Angeles, CA, 2023 HICONSUMPTION LLC. I bid on a No Reserve BMW. Gaffney says that this has made the predictions quite accurate, and notes that it has been exceedingly rare for an auction to finish outside of the set boundaries. After the auction was over Bring a Trailer introduced my wife to the seller to see if she could make a deal but then not much happened! The winning auction bid creates an automated introduction between buyer and seller, including proper names and addresses. The last bidder threw WebCheap shitty cars that nobody wants but run and drive. There are 470 auctions on Bring-A-Trailer at the time of this recording. The most valuable asset in todays world is peoples attention, Swig says. The Cobra seller was handling the sale for his client and this seller answered all of my questions and returned every email and phone call and made me feel at ease. He mailed me a USB drive. I could also wait until the last hour; if the bidding is still soft throw in a strong bid that still leaves some upward mobility and see what happens. Bring A WebFor Bring a Trailer, zero to 100,000 took less than 10 years. Canadas motor vehicle safety standards closely resemble our Federal requirements. Every time you bid you give the other guy time to think about it. Vehicles that were just used cars five to ten years ago are now new collectors. I do not know if BaT has given money to make an auction happen. Beyond that they cant really do much elsE but I would advise BaT on the dealers attitude just in case that same dealer comes back with another car to sell. Happened to me today with a 5-speed SC300, really disappointed cuz I want one so damn badly. We always wish the new players success; if it were easy, everyone would be doing it. Reddit and its partners use cookies and similar technologies to provide you with a better experience. If you dont win the auction, they release those funds back to you. The process can take from three days to a couple of weeks. If they dont follow through as agreed there are consequences. With manual CPC, you select the price that you're willing to pay for each click. It's a gearhead's utopia of rare, vintage, and unique vehicles for sale Anyway the process takes ridiculously long and they take 4-5 days to reply to e-mails and there is no one you can actually call and speak to and they wont provide a timeline on the process which for me is not very professional and you should be able to provide customers a timeline for service. The site is in alot of ways alot like Meccum or other auction houses in that way. The site has managed to attract a dedicated fanbase thats primarily comprised of die-hard motoring enthusiasts. When you win, Bring a Trailer takes their fees instantly If you become the winner of an auction, your financial account will be billed BaT's fee: 5% of the final bid price. The owner had been a racing enthusiast and automotive executive who had a lot of racecars, Swig says. When the auction "ends" the first time you have the 2 minutes to decide if you want to start bidding . The technical storage or access that is used exclusively for anonymous statistical purposes. #9 Nov 8, 2020. The first is a community account that requires an email address. Whether insurance will cover the theft depends on your level of coverage at the time of the theft. Howard Swig, BaTs head of auctions, says the community has high expectations and they want to educate sellers on what will make the auction successful. Bidding on Bring a Trailer Bring a Trailer 3.53K subscribers Subscribe Like Share 63K views 2 years ago #bringatrailer #carauctions In this video, we will teach you It's uh, a weighted average with a scaling factor. I tried to list my vehicle with them and the process took over a month where I did not ultimately list and put on Autotrader and sold in one day. I believe we will acquire a Volvo 1800 someday but not the blue one in New Orleans. BaT also has a commonly-utilized system in place to prevent what is often referred to as sniping the act of putting in a bid at the very last second, thereby not allowing other bidders a chance to bid higher. Although my wife has a lot of experience driving a manual transmission over the last several years she has really wanted to drive automatics, so her cars have all been automatics. Then, Google will ensure you never spend over that amount for a click. Variety is the name of the game and high quality doesnt always have to mean high price, Swig told me recently during a video call. The auction ended on January 28, we sent an email on January 28 to the seller and I spoke with the seller on January 29. Though the prospect of making such a significant purchase over the internet may seem daunting and intimidating, the reality is using BaT is remarkably simple, intuitive, and straight-forward. i went to look at the car last weekend, the car is in good shape has a 4.0L LN engineering engine put in around 7 years ago and 20k miles ago. Classic, Plus, and White Glove. It's called Bring A Trailer ( BaT) and many of us spend too much time looking at it on a daily basis. The only real gripe people have with that auction is inability to get the very last minute bids in due to website overload. Its critical that you read the listing entirely and peruse the comments section for questions, answers, and additional information. For this reason, BaT listings feature dozens of photos of each vehicle, showing close-up details of parts, components, and finishes. The technical storage or access that is used exclusively for statistical purposes. This article is not legal advice. You should read the BaT terms of use. All rights reserved. I really like the way that BaT extends the clock with a bid. BaT also has a list of recommended shipping vendors on its site if you need assistance locating help in that department. It has happened to me 3 times concerning a forged Vin number on a corvette. June 25, 2022 . Most impound lots have turnaround times of 12 to 24 hours for processing their inventory. yes it has a reserve, BaT doesn't allow sellers to state what it is. And of those companies, the biggest is undoubtedly Bring a Trailer. When you win, Bring a Trailer takes their fees instantly If you become the winner of an auction, your financial account will be billed BaTs fee: 5% of the final bid In his spare time, he does a lot of traveling and writing for dealerships across the country through CarBlogWriters.com.