The BaT thread for the cars we won't buy, but kinda wish we would - Page 277

FC · 05-13-2020, 11:01 AM

Quote:

Originally Posted by JST

Yes, that sucks pretty hard. Hopefully they can arrange something with the next highest bidder. I wonder how often that happens?

That sucks. At least he is trying to make you whole.

equ · 05-13-2020, 11:29 AM

I've heard one similar story about BaT. I'm not sure they will protect or "make whole" the seller. The buyer will be out a certain fee (and apparently those can get refunded).

nate · 05-13-2020, 11:45 AM

I'm almost certain not to do it, but I am weirdly captivated about buying a Miata.

This looks nice.

https://www.carvana.com/vehicle/1357...paign=referral

*Plaz* · 05-13-2020, 12:01 PM

Quote:

Originally Posted by Josh (PA)

Well this took a big turn for the worse:

WTF?! Not cool.

JST · 05-13-2020, 12:46 PM

Quote:

Originally Posted by nate

I'm almost certain not to do it, but I am weirdly captivated about buying a Miata.

This looks nice.

https://www.carvana.com/vehicle/1357...paign=referral

Yeah, I'd like to try one with the more powerful engine.

wdc330i · 05-13-2020, 01:08 PM

Quote:

Originally Posted by Josh (PA)

Well this took a big turn for the worse:

Email to BaT i was copied on.
Good morning,
I won this auction yesterday but am uncomfortable completing the purchase.

I am the VP of a distribution company in NY and was told this morning of a restructuring in an to attempt to survive the downturn due to the pandemic.

Can this car be offered to the person I outbid? I don't want to hurt the seller, and would pay a reasonable difference to the seller if the other bidder buys the car for a bit less than I did.

Please advise.

Edit: I sent the guy a picture of the title and an unsigned draft bill of sale for review. What risks of fraud do I have?

Well, crap!

equ · 05-13-2020, 01:46 PM

I don't think you have tremendous fraud risk... If he is in NY, what town? The timing is suspicious on the restructuring but it sounds more like buyer's remorse than fraud. Well-advertised and publicized auctions are good for sellers as buyers end up passing mental set points in the heat of competition.

Josh (PA) · 05-13-2020, 08:16 PM

It has been a day...

Good news is I am very proactive and I immediately got in contact with the 2nd highest bidder on my own. I also reached out to a local (10 min away) guy I met through BaT and knew was interested up to $11k, so I had that offer in my back pocket. The 2nd highest bidder was from NJ so local enough I didn't have to deal with shipping and remote selling hassles. He and I agreed on a deal at $12,500 and he is happily taking the car tomorrow. He saves about $1250 over his highest bid because he's not paying the BaT fees and while I'm out $750, I am still at the highest estimate I had for selling when the auction started.

I called and emailed the original winning bidder to have a discussion with him and better understand his situation so I could determine what recourse I wanted to take but haven't heard back. If the guy really lost his job today, I wouldn't want to take any recourse. He's already out $600 to BaT and has much bigger issues then making me whole on this.

I did send all of this information to BaT (except my soft heart to the winning bidder) to see what, if anything they will do. Realistically I got my $99 worth from them in market attention, but I'm still irked that I am losing out.

Overall I'm content if I sell the car on Monday for $12,500 and everything else goes away.

As i said, what a frickin day.

equ · 05-13-2020, 08:59 PM

Quote:

Originally Posted by Josh (PA)

It has been a day...

Good news is I am very proactive and I immediately got in contact with the 2nd highest bidder on my own. I also reached out to a local (10 min away) guy I met through BaT and knew was interested up to $11k, so I had that offer in my back pocket. The 2nd highest bidder was from NJ so local enough I didn't have to deal with shipping and remote selling hassles. He and I agreed on a deal at $12,500 and he is happily taking the car tomorrow. He saves about $1250 over his highest bid because he's not paying the BaT fees and while I'm out $750, I am still at the highest estimate I had for selling when the auction started.

I called and emailed the original winning bidder to have a discussion with him and better understand his situation so I could determine what recourse I wanted to take but haven't heard back. If the guy really lost his job today, I wouldn't want to take any recourse. He's already out $600 to BaT and has much bigger issues then making me whole on this.

I did send all of this information to BaT (except my soft heart to the winning bidder) to see what, if anything they will do. Realistically I got my $99 worth from them in market attention, but I'm still irked that I am losing out.

Overall I'm content if I sell the car on Monday for $12,500 and everything else goes away.

As i said, what a frickin day.

Good for you... Keeping fingers crossed for you till it is done done.

*Plaz* · 05-13-2020, 09:08 PM

Good job man, nice save.

05-13-2020, 11:45 AM	#2763
nate Oh, are they? Join Date: Oct 2003 Carmudgeonly Ride: S4 Location: H-town Posts: 10,270	I'm almost certain not to do it, but I am weirdly captivated about buying a Miata. This looks nice. https://www.carvana.com/vehicle/1357...paign=referral __________________ "People keep saying I'm crazy as hell, but sooner or later they're going to realize I know what I'm talking about." - Charles Barkley

05-13-2020, 08:16 PM	#2768
Josh (PA) Hello. Join Date: Mar 2004 Carmudgeonly Ride: '09 X3, '11 328xiT, '11 135i C, '17 c2, '19 X5 Location: Downingtown, PA Posts: 5,531	It has been a day... Good news is I am very proactive and I immediately got in contact with the 2nd highest bidder on my own. I also reached out to a local (10 min away) guy I met through BaT and knew was interested up to $11k, so I had that offer in my back pocket. The 2nd highest bidder was from NJ so local enough I didn't have to deal with shipping and remote selling hassles. He and I agreed on a deal at $12,500 and he is happily taking the car tomorrow. He saves about $1250 over his highest bid because he's not paying the BaT fees and while I'm out $750, I am still at the highest estimate I had for selling when the auction started. I called and emailed the original winning bidder to have a discussion with him and better understand his situation so I could determine what recourse I wanted to take but haven't heard back. If the guy really lost his job today, I wouldn't want to take any recourse. He's already out $600 to BaT and has much bigger issues then making me whole on this. I did send all of this information to BaT (except my soft heart to the winning bidder) to see what, if anything they will do. Realistically I got my $99 worth from them in market attention, but I'm still irked that I am losing out. Overall I'm content if I sell the car on Monday for $12,500 and everything else goes away. As i said, what a frickin day. __________________ Josh (PA) - '19 X5 '17 991.2 C2 Cab '11 135i Convertible '11 328xiT '09 X3

05-13-2020, 09:08 PM	#2770
Plaz ••••••• Join Date: Oct 2003 Carmudgeonly Ride: '11 1M Location: Churzee Posts: 17,741	Good job man, nice save. __________________ 2011 1M

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05-13-2020, 11:29 AM	#2762
equ Alphanumeric Join Date: Aug 2005 Carmudgeonly Ride: 981S, 340i Posts: 9,584	I've heard one similar story about BaT. I'm not sure they will protect or "make whole" the seller. The buyer will be out a certain fee (and apparently those can get refunded).

05-13-2020, 01:46 PM	#2767
equ Alphanumeric Join Date: Aug 2005 Carmudgeonly Ride: 981S, 340i Posts: 9,584	I don't think you have tremendous fraud risk... If he is in NY, what town? The timing is suspicious on the restructuring but it sounds more like buyer's remorse than fraud. Well-advertised and publicized auctions are good for sellers as buyers end up passing mental set points in the heat of competition.