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My Costly Mistake at Auction: Case Study

By: Scott McBride - Updated: 24 Apr 2017 | comments*Discuss
 
Used Car Auction Bargain Price Bid

Buying a used car at auction can unearth a genuine bargain, but it is not for the fainthearted or the uninitiated. Hospital porter Wayne Tennant thought he would be able to stretch his budget with an auction buy, but it proved to be a costly mistake.

“I needed a car but I didn’t have a huge amount of cash to spend,” said Mr Tennant, a 33-year-old from Preston. “A friend told me to go along to a car auction and see if I could get a little bit more for my money.”

“My knowledge of cars is fairly limited, but I wasn’t looking for anything too fancy – just a basic, small car to get me to and from work. There was a car auction advertised in the local newspaper and I decided to give it a go.”

Immaculate Car

One car stood out as the perfect buy when Mr Tennant went along to view the cars before the auction. “It had a good few miles on the clock, but it wasn’t too old and looked immaculate,” said Mr Tennant.

“When the auction started, I was amazed by how fast-moving it was. Bids were flying in from everywhere and there seemed to be an endless stream of cars being driven in and driven out. There was a lot of interest in the car I had singled out and it was out of my price range before I could even get a bid in.”

“I should have walked away at that point and tried again on another day, but I was disappointed to have missed out so I stayed on and ended up bidding on another car. That proved to be a big mistake.”

Bargain Buy

The first time Mr Tennant had seen the car he was bidding on was when it was driven into the auction to be sold. “I was convinced I had bagged a bargain. I paid for the car and drove it home and everything seemed spot on,” said Mr Tennant.

“The problems started the next morning when I jumped in the car and couldn’t get it going because the battery was dead. I replaced the battery, but it became clear pretty quickly that there were more serious problems. Almost all of the money I had saved to buy the car was gone by this stage, but I felt I had to take the car to a local garage to get it checked out.”

“It turned out there was a whole list of problems and it was going to cost me more than I had paid for the car to get the problems sorted out. I just could not afford that, so I contacted the car auctioneers to explain the trouble I was having.”

Sold As Seen

“Unfortunately, I was told that the car was ‘sold as seen’ and there was no way I could get my money back. I had no option but to scrap the car. It left me without a car and I had lost a bundle of cash into the bargain.”

“I’ve no doubt it is possible to get a good buy at auction, but personally speaking it is not a route I’ll be going down again. All I would say to those keen to buy a car at auction is be very careful and try to go along with someone who knows what they are doing.”

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Hello, I'm seeking for advice. I bought a car on ebay auction. Car was described as a perfect runner but when I was driving home car dropped all oil and blown up. I haven't done even 50 miles. No oil or engine control was on. No funny noises. How can I get money back or refunds for repair?
Tomek1112 - 24-Apr-17 @ 10:31 PM
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