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The Pub For General Automotive Related Talk |
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#1 | |||
FF.Com.Au Hardcore
Join Date: Feb 2008
Location: Perth, Northern Suburbs
Posts: 4,941
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So a friend was selling her 2014 FG2 XR6. Nothing special, just a nice clean, well maintained, Falcon I think it had done around 125kk.
Paid $15k a few years back, so was advertising for $17k, and hoping to get at least $16k. So had the usual gumnuts and time wasters, and a few low-balling dealers. Then along comes this mob called "Autoflip". Quote:
But they came out, did an inspection, took photos, she listed it with a reserve of $15k, and a day or two later the car is sold for a smidge over $16k. No hassle, no haggling, no messing about. Anyone else had any dealing with this mob, or similar? I suppose one take away could be that she under-priced the car, but considering she had it advertised for weeks at $17k, and got only time-wasters, I don't know. And its hardly the first time where I've had a dealer or wholesaler make a better offer. |
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#2 | ||
Regular Member
Join Date: Oct 2010
Location: Australia
Posts: 138
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I've seen a few of these Agentspop up lately. I think I might've first seen one being plugged by one of the TV NEWS shows. Some do all the work for you, including pickup of the vehicle.
Do you know if the buyer was private or a dealer? I have to say I've done no research on them, but keeping them in the back of my mind if/when the time comes to move my Ute on.
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Cheers 2010 FG XR6 Ute |
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#3 | ||
FF.Com.Au Hardcore
Join Date: Feb 2007
Location: Perth
Posts: 7,107
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Good concept, can't say I've heard of this company, but sounds like they're ok.
As flightstrike asked, be interesting to know if it was a dealer or private buyer. Probably on a truck to Sydney with a speedo showing under 100 thousand kays. Nah, just being cynical. Lots of good reviews on FB and Google.
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jaydee351 4DV8 |
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#4 | ||
Experienced Member
Join Date: Sep 2006
Location: Australasia
Posts: 7,572
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It pays to know the value of your car you want to sell otherwise you could be short changing yourself, be interesting to know the fees they charge for this service compared to normal auction houses.
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#5 | |||
FF.Com.Au Hardcore
Join Date: Feb 2008
Location: Perth, Northern Suburbs
Posts: 4,941
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Quote:
and I can't find anywhere that a member of the public could access the cars. |
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#6 | |||
Former BTIKD
![]() Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Quote:
I am looking to sell my car and buy something new, can AutoFlip help me with both? Yes, not only can AutoFlip find the best price for your car we can also help find you a new one at a great price, fee free with no need to go to a dealership. We do all the running around and negotiating for you.
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Dying at your job is natures way of saying that you're in the wrong line of work.
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#7 | ||
Peter Car
Join Date: Dec 2004
Location: geelong
Posts: 23,145
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They have companies like this in the usa. Carmax, carvana etc.
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#8 | ||
Regular Member
Join Date: Apr 2007
Posts: 153
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Hi all. As I've got my wife's Ford Escape for sale at the moment, I'd thought I'd give this a try yesterday after reading about it here. I entered the details of the car on their website and it gave me a suggested value of $35,840 - $39,760. It's a 2017 Titanium with 42,000 kms, so this range seemed a bit excessive - I'm thinking around $30,000. I got a call from Scott who explained the process: they essentially put it out to tender to a range of dealers, who can respond if interested and basically pick up the car and pay for it within 24 hours. To be clear, the dealer pays the seller direct and pays some fee/commission to Autoflip (I'm not sure how much). All that sounds OK, so I agree to have a sales agent call me. Alex rings me a couple of hours later and confirms a few details and asks what reserve I want. So I tell her $30,000. She responds that that seems to high, and runs through a couple of current listings on carsales.com.au to back it up (examples at a dealer for less than $30k). I still reckon the car is worth $30,000, she thinks a reserve of $26,500 is appropriate. Bear in mind the original range from their website. So we agree to go no further and this has cost me nothing but a little bit of time. I was in my Ranger on the way home when she rang me, so immediately jumped on carsales when I got home. The first 6 listings were all above $30k for similar kms, one as much as $37k. So she's been at least a bit cagey in my mind, or a worse deliberately omitted the truth. No judgement at my end, but my impression is that they are essentially trying to wholesale cars with a quick turnover. Not really what is promoted. Anyway, just thought I'd share my experience. If anyone wants a very well looked after low km Escape, let me know.
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#9 | ||
Peter Car
Join Date: Dec 2004
Location: geelong
Posts: 23,145
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Looking for a quick flip by low balling the owner.
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#10 | |||
FF.Com.Au Hardcore
Join Date: Feb 2008
Location: Perth, Northern Suburbs
Posts: 4,941
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Quote:
Say what? I'd say that their service is exactly as promoted It's interesting. My initial reaction is that such things are a scam, but it worked well for my friend. Obviously they are in it to make money, they have to charge the dealer a fee for their service. (Although it's possible that they in their Establishment & Growth phase, and so are moderating their fees to generate business??) And yes, the underlying notion is absurd. Somebody could have bought her car for $16k, instead they will pay $19~20k at a dealer. But that's life. I myself have sold cars to dealers who offered more money that what was going privately. As for the valuations, all I can say is that it was inline with expectations. She was advertising the car privately, for $17k, hoping to get $16k. Their valuation was $14~15k, and they agreed to a reserve of $15k. She got just over $16k. Yes, that's less than what dealers are asking, obviously it has to be. |
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#11 | ||
Regular Member
Join Date: Apr 2007
Posts: 153
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My biggest issue is the huge difference between the initial valuation and the reserve price they want you to set. The minimum value was $35,840 (I've got a screen shot of the range), and they want me to set a reserve of $26,500. That's a difference of $9,340. That's a lot of money in my book. And she was selectively quoting car ads from carsales, which I found to be misleading within 15 minutes of the phone conversation. If I wanted to sell for $26,500 I would list at that and probably sell within a couple of days.
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#12 | |||
FF.Com.Au Hardcore
Join Date: Feb 2008
Location: Perth, Northern Suburbs
Posts: 4,941
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Quote:
So you're prepared to sell your car for $29,750, and I'm guessing that if somebody offered you $29k cash tomorrow then you would certainly consider it. BUT you think this mob should do the work for you, AND guarantee you at least $30k minimum. How does that work? |
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#13 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,708
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So today I thought i'd do the same as winkle. My 2010 G6E Turbo with 50,000km, 2 owners and full service history. The minimum valuation it gave me was $32560 I also got a call and they wanted to do a reserve of $23000. That's an almost 10k difference. Considering well used examples with 200km are selling for 25-30k I politely declined. To me this seems the same as dealers ringing you up and lowballing you, but offering a quick sale.
Then this afternoon I did the instant offer on Carsales for a laugh, got an offer range of $34580 to $36490 and a dealers name to take it into. I'm not going through with it, but I was much more surprised with that rather than Autoflip.
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Proud owner of the ugliest Ford ever made |
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#14 | |||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,708
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Quote:
$3500 might not be much for you, but I'd much rather wait a few weeks and pocket that, then sell it for a quick sale that i would regret.
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Proud owner of the ugliest Ford ever made |
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#15 | |||
Experienced Member
Join Date: Sep 2006
Location: Australasia
Posts: 7,572
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Quote:
Sounds like false advertising from Autoflip, if it is too good to be true then it is not true. Cheers |
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#16 | ||||
FF.Com.Au Hardcore
Join Date: Feb 2008
Location: Perth, Northern Suburbs
Posts: 4,941
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Quote:
but somehow manipulates the online valuation tool into an extra $5k... ok, I can see how some simpletons might be confused by that. Bottom line is that he's advertising his car for $29,750, and not getting any bites, but wants this mob to guarantee him $30k??? Quote:
In a perfect world, you would always get more selling your car privately, and cutting out the profit for the dealer and wholesaler. But it doesn't always work. I guess some buyers are just more comfortable buying from dealers. And I think that part of the problem is all the nongs trying to sell their cars privately. They look look at an expensive advertised price, decide their car is better, and price it more, whilst completely ignoring that the dealer's price includes GST, warranty allowance, wriggle-room, and profit. Then other nongs look at their inflated prices, and inflates theirs also. Then buyers look at those inflated prices and conclude it's easier to buy from a dealer. ![]() End of the day, all this process is doing is shopping your car around to dealers. You're only ever going to get, at best, a good dealer offer. You could probably still do better yourself by physically driving the car around to a bunch of dealers Last edited by Crazy Dazz; 12-02-2022 at 07:40 PM. |
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#17 | |||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,764
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Quote:
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#18 | |||
PURSUIT 250
![]() Join Date: Mar 2009
Location: sydney
Posts: 5,790
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Quote:
Red book is all the are worth mate. Because I like you I’ll compound tomorrow and give you 5k extra. You know, just to help you out |
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#20 | ||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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This mob must be very new. When this thread started I searched for reviews and found none.
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___________________________ I've been around the world a couple of times or maybe more....... |
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#21 | ||
Regular Member
Join Date: Feb 2011
Posts: 299
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I have done the same thing previously to see what they would give for our 2013 FPV-GT (will be selling once our Ford Everest arrives)
November 2021 came back as $43,500 January 2022 came back as $44,800 The only positive thing I can say is at least it's going up ![]()
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2015 Renault Megane RS265 - 2L Turbo 6Spd Manual 2022 (21.75) Ford Everest Bi-Turbo |
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#22 | |||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,708
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Quote:
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Proud owner of the ugliest Ford ever made |
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