Is it worth buying a car from auction in the UK?
If you can keep a clear head and know your own mind when it comes to the car you’re hunting for, then auctions are worth considering. Additionally, to safeguard yourself and ensure you benefit from a lower sale price at auction, you should be prepared to run a full HPI vehicle history check prior to bidding. Buying a car at auction: the process Before the auction takes place, you will need to register to bid. This may be by creating an online account or registering to bid in person on the day. Lots can be viewed either the day before or the day of the event.If you’re looking to snap up a bargain, car auctions are an avenue that is well worth exploring. You can often buy a great car for less than what you’d pay to a private seller or car dealership.British car auctions are for anybody in the motor trade, with people welcome to bid on the day at the physical auction or online. You will need to register prior to visiting, you can then show up and bid on whichever vehicle that fits your stocking requirements.
Can public buy at car auctions in the UK?
There are many auctions held in the UK that both those in the trade and members of the general public are welcome to attend and purchase cars. At a physical auction house, you can, in theory, simply turn up on the day, find a car you wish to purchase and start bidding when its lot comes up. Regardless of whether you are bidding in person or online, the auctioneer will ask for a specified amount for a starting bid. Bids will then rise in £100, £200 or more increments. If you’re the top bidder, you’ll need to pay a deposit, which is usually at least 10% of the vehicle’s value.Get a Bargain Buying a property at auction can often mean paying a lower than market price than if you had gone through an estate agent. A guide price is set but properties will sell for less or more than this guide depending on the level of competition.A lower reserve price means your auction house can set a lower guide price. A guide price is essentially the listing price and the starting bid for an auction property). This can lead to more interest, meaning more competition between bidders.The costs for selling at auction works out to be about the same as using a good high street estate agent. Commission at around 2% + VAT if the final sale price is only payable on successful sale. Some auctioneers charge an upfront entry fee of £200 to £500, but this can be negotiable and only payable after sale.
What is the most popular Mercedes in the UK?
Mercedes-Benz A-Class The A-Class is the city car version of the Mercedes-Benz C-Class, which has been a best-selling car in the UK for decades. The Mercedes-Benz A-Class is a stylish and sporty city car that offers a comfortable ride and plenty of space for its size. Using genuine Mercedes parts will guarantee a better resale value for newer cars, provide consistent performance, and maintain the high standards that your Mercedes Benz was built with.Mercedes-Benz vehicles are typically bought by folks who are after a blend of LUXURY, PERFORMANCE, and PRESTIGE. It’s a brand that’s long been associated with high status, sophistication, and engineering excellence.High Purchase and Maintenance Costs The initial purchase cost can be significantly higher, and maintenance and repair costs can also be steep. It’s important to consider the long-term financial commitment associated with owning a Mercedes-Benz.Mercedes-Benz E-Class Depreciation The E-class loses about 40% of its value in the first 3 years, so if you buy new (and many do), be prepared to lose a meaninful portion of your investment.
How much cheaper are cars at auctions in the UK?
As a private bidder you would generally be buying the car to use yourself, having undertaken any necessary repairs. However, some buyers may be looking to sell the vehicle on for a profit. Given cars sold at auction can be around 20% cheaper than buying through a dealership, making a profit is entirely possible. If you can keep a clear head and know your own mind when it comes to the car you’re hunting for, then auctions are worth considering. Additionally, to safeguard yourself and ensure you benefit from a lower sale price at auction, you should be prepared to run a full HPI vehicle history check prior to bidding.
Are Mercedes or BMW cheaper?
When it comes to luxury cars, both Mercedes and BMW are expensive. However, Mercedes tends to be slightly more expensive than BMW. In terms of value for money, BMW offers slightly better value than Mercedes. BMW and Mercedes-Benz are both great options and it is highly unlikely that you will be disappointed whichever you choose. For an enjoyable and immersive driving experience, BMW is your best bet, while for sheer luxury, safety and comfort, Mercedes might be a better fit.If you prioritize luxury and comfort, Mercedes-Benz might be the better choice for you. If you’re looking for a more engaging, performance-oriented driving experience, BMW could be the way to go.Both German luxury automakers offer solid products, but BMW wins out head-to-head, coming out on top in more segments than Mercedes-Benz.
Why are used Mercedes so cheap in UK?
The UK has a huge supply of used cars in comparison to many other European countries. The UK is one of the biggest market places for brand new cars in Europe, and this means that there are a lot of used cars available for sale. This high supply may contribute to lower prices. Are UK second-hand car prices still high? Cars are expensive in the UK due to a combination of factors such as higher production costs, Brexit-related tariffs and currency fluctuation. Without an economic reason for dealers to bring down costs, this trend will likely continue.Many will be pleasantly surprised by the value for money that cooling prices are bringing to the second-hand market. The latest AA Cars Used Car Index showed that the average price of the UK’s most popular used cars fell by 3.Again, in 2024, people are witnessing an apparent surge in secondhand car prices. However, this surge is lower than the used car prices back in 2019-2022. Used car prices were down an average of 13% in early 2024 compared to 2023.