Selling a vehicle with a known issue - Auction - Arbitration policy?

[ExtraSlow]

Hey, had someone suggest that if you had a vehicle with a known defect, you are better off selling it at auction because then the buyer doesn't know who you are. Seems that Regal Auctions anyway has a "buyer protection policy" that may mean the seller is on the hook for repairs in some instances.

https://www.regalauctions.com/auctioninfo.php?a=buyer_protection

I suppose a vehicle could me marked "as-is" but that might be a big red flag and drop the value a long way.

So, anyway, selling a vehicle with a known defect is a shitty move, but if you were doing it, how would you do it?

[G-ZUS]

Hey, had someone suggest that if you had a vehicle with a known defect, you are better off selling it at auction because then the buyer doesn't know who you are. Seems that Regal Auctions anyway has a "buyer protection policy" that may mean the seller is on the hook for repairs in some instances.

https://www.regalauctions.com/auctioninfo.php?a=buyer_protection

I suppose a vehicle could me marked "as-is" but that might be a big red flag and drop the value a long way.

So, anyway, selling a vehicle with a known defect is a shitty move, but if you were doing it, how would you do it?

has to be some sort of major defect?

[infamous]

I've used Regal auctions to get rid of my unwanted vehicles, as well as Kijiji. Don't advertise it as something that it isn't; and don't lie. You don't have to mention every single tiny thing wrong with the car but if it has an engine knock or accident damage a lot easier to say up front. Lots of ways to get rid of a turd lol.

[J-hop]

Hey, had someone suggest that if you had a vehicle with a known defect, you are better off selling it at auction because then the buyer doesn't know who you are. Seems that Regal Auctions anyway has a "buyer protection policy" that may mean the seller is on the hook for repairs in some instances.

https://www.regalauctions.com/auctioninfo.php?a=buyer_protection

I suppose a vehicle could me marked "as-is" but that might be a big red flag and drop the value a long way.

So, anyway, selling a vehicle with a known defect is a shitty move, but if you were doing it, how would you do it?

I always thought if you sell privately there is nothing the buyer can do unless you’ve done something like vin tampering?

I always use the Alberta BOS and I always write specifically as-is on the back (even though that is assumed). I’ve always been completely transparent with any issues but I think it’s buyer beware regardless.

I ran into a few issues looking for an older truck. I looked at several advertised as “rust free” that were far from it. Some kid said “I have no idea what you’re talking about” when I called him out for patching major rust on the cab and spraying rocker gaurd over it. He said I didn’t know what I was talking about and then I showed him with the magnetic tool I brought how there was clearly no metal behind there and that on a chip I could obviously see the thick layer of bondo. He just stared blankly at me and said “I don’t know man”.

I doubt there would be anything I could do if I bought that truck even though it was structural/safety compromising rust holes he’d hidden.

Edit: I guess you’re also thinking so the buyer can’t show up to your house with a bat? The number of times I’ve seen online and even here people not filling out a proper BOS, not taking the sellers driver license number, not checking that registration matches the sellers ID I’m pretty sure you could just put a fake name and number on there, meet away from your home and most buyers wouldn’t know any better.

[zieg]

I think it's always better to just fix the issue beforehand. Or, you could just take the repair price off the asking price in case the buyer thinks they can do it cheaper. A good example of this is when I sold my truck with a crack in the windshield. I got a quote from a reputable shop and took that off the sell value, so the buyer could either pocket the money and live with the crack, or take it somewhere cheaper etc.

[spike98]

I always thought if you sell privately there is nothing the buyer can do unless you’ve done something like vin tampering?

I always use the Alberta BOS and I always write specifically as-is on the back (even though that is assumed). I’ve always been completely transparent with any issues but I think it’s buyer beware regardless.

My lawyer has always told me that writing "as is" is pretty much useless. If you sell a vehicle with a known defect, writing "as is" doesn't absolve you from the responsibility to disclose the defect. "As-is" can imply that there are no warranties against unknown defects but if that's the case, in court it would be a buyer beware situation unless you explicitly agreed to some warranty terms.

[corsvette]

Depends.....I recently bought a Chevy 3/4 ton diesel at auction, the pig needed a transmission. Auction quickly refuned my $$ and called the owner and told him to come get his truck. They wanted no part of that sale unless the owner declares the issue beforehand.

If this is a el-cheapo vehicle run it through unreserved "As Is"

[J-hop]

My lawyer has always told me that writing "as is" is pretty much useless. If you sell a vehicle with a known defect, writing "as is" doesn't absolve you from the responsibility to disclose the defect. "As-is" can imply that there are no warranties against unknown defects but if that's the case, in court it would be a buyer beware situation unless you explicitly agreed to some warranty terms.

Interesting, I get what your lawyer is saying but in court if the lawyer asks the defendent if they knew about the defect and they say no then you’re SOL regardless. Unless through some magic you can find a 3rd party that can substantiate a claim the seller knew. Which would be extremely unlikely IMO

[Seth1968]

So, anyway, selling a vehicle with a known defect is a shitty move, but if you were doing it, how would you do it?

I'm curious as to what brought you to ask such a question.

[JRSC00LUDE]

If the way an individual is intentionally representing and/or pricing something could knowingly lead someone to be taken advantage of, you're a dick. If everything is above board and the transaction can't do that, you're cool.

[mr2mike]

A friend sold a bike with transmission issues. Disclosed in the ad and the guy picked it up, didn't start it and was keen to tear into it and fix it. Price reflected the damage too.

[Kloubek]

I'm curious as to what brought you to ask such a question.

Yeah, me too. Seems like a shady question to ask in the first place...

Selling a vehicle with issues is not against the law, and I figure it's pretty much expected for a used car. Any law suit would have to be a civil one, which is a pain in itself.

As far as I know, unless the owner offers a written guarantee that nothing is wrong with the car, or that XXX aspect of the car is 100%, you'd have to convince a judge that the owner knew about the issue first of all, and knowingly covered it up (almost impossible to do), and perhaps even a question as to whether or not there was nothing wrong to the best of their knowledge as a non-mechanic.

Even then, you'd be working against the whole caveat emptor thing and a question from the judge as to whether or not it should be the buyer's responsibility to get a vehicle inspected before purchase. In the end, it's probably not worth the trouble or expense in almost all cases.

Personally, I may leave out information when selling a car but I will never lie. If anything, I torpedo my own sales by being up front about things they wouldn't even have known. Ie: When I had tires installed on the chrome rims on my M37 I sold Monday they never could get the beads to sit 100% and this resulted in some of the tires losing air. I pumped it up before the buyer arrived, but I did tell him about it so he didn't get a surprise in a week when a tire or two was low.

It's just the right thing to do. I don't believe in Karma, but I do believe if one is the kind of person to try to screw others that having such a mentality WILL come back to you at some point in life.

[gmc72]

I bought a car years ago (Fiero. I know, I know) that turned out to be written off and rebuilt. Guy never disclosed it, and I was too young to know what to do. Luckily the owner the place where I worked said that a customer was familiar with these situations and worked for the government. I went and had the vehicle inspected to get registered and it failed. I called the seller and threatened to go to the province. The seller gave me my money back, and when he went to pick the car up at the dealership where it was inspected, the service manager came out to "meet" him. Apparently he just laid into the guy!! Long story short, it all worked out in the end.

[ExtraSlow]

There's levels of dirtbaggery when it comes to not disclosing issues.

Total dirtbag level is failing to disclose rebuilt status, prior accidents or prior insurance claims.

Very minor would be failing to disclose a tire that has a slow leak or a burnt out bulb.

There's several levels in between

[carson blocks]

I've sold stuff at every auction around, and even on the beaters they have you sign off that there are no major issues (powertrain etc.) or problems with the title. IMO, either fix it or disclose and sell it on Kijiji. For auction, I don't mean you have to disclose minor stuff like "A/C compressor is noisy when it's cold outside" or "ABS light comes on every few months for no apparent reason" but major shit like "no third gear", "4wd doesn't work", "engine is only alive because of 60w oil and will grenade in the next week" etc.

[Nufy]

Bump Are auctions still bad ?

Looking at a vehicle on tomorrow Regal Auction.

Not available for viewing and out of province so inspection will be needed.

I know it will cost money if i win...Just curious if the curbers are still around in full force these days.

[ExtraSlow]

90% of the people at that auction are either curbers, or they wish they were. Regal is probably the worst auction, most of the really good stuff goes to Adessa for dealers.
Go in with your eyes open and knowing there are almost certainly unseen issues.

[firebane]

Bump Are auctions still bad ?

Looking at a vehicle on tomorrow Regal Auction.

Not available for viewing and out of province so inspection will be needed.

I know it will cost money if i win...Just curious if the curbers are still around in full force these days.

Needing an OOP and not able to view is an immediate walk away for me.

At a auction yard out near Strathmore they had I think a 2006 Cobalt for $500 and not making much headroom.

Ran a carfax and they didn't disclose it was a salvage title.

Be very careful and do your homework.

[Twin_Cam_Turbo]

Regal is absolute garbage still.

[Nufy]

Agreed but how much homework can you do...

No VIN listed and unable to view the car.

Almost like a crap shoot. Place your bid and take your chances.

[ExtraSlow]

You can see the vin, and the one thing regal woukd do is disclose a salvage title. I trust them that far.

[you&me]

It's like you need a realtor for cars... So there's a fiduciary agent on your side :rofl:

[Nufy]

You can see the vin, and the one thing regal woukd do is disclose a salvage title. I trust them that far.

No VIN listed in the ad...

https://regalauctions.com/inventory.php?a=details&contract=57183


I might bid...might not. Will be interesting to see what it goes for.

[ExtraSlow]

Phone regal and request the vin. Or walk in and view the vehicle yourself.

[Nufy]

Looks like it in the impound lot.

[DonJuan]

I was looking at this '14 Escalade from the same sale. Looks like they took apart the dash for some reason but the pieces seem to be in the back. Site says no keys, but key can clearly be seen on the seat. It's definitely at the impound yard

https://regalauctions.com/inventory.php?a=details&contract=57167

I've always wanted to play roulette at a impound auction.

[Team_Mclaren]

Always assume that anything at Regal doesnt run.

[Nufy]

I was looking at this '14 Escalade from the same sale. Looks like they took apart the dash for some reason but the pieces seem to be in the back. Site says no keys, but key can clearly be seen on the seat. It's definitely at the impound yard

https://regalauctions.com/inventory.php?a=details&contract=57167

I've always wanted to play roulette at a impound auction.


I just finished binge watching "The Wire" again after a few years.

Maybe they were planning on adding a hidden compartment for a gun...

[ExtraSlow]

Always assume that anything at Regal doesnt run.

It's been along time since I bought anything at the auction, but when I did, they drove the cars across the "block" each under thier own power at least.
I know many of these places have online bidding, but fuck that, I laid my hands on every single vehicle I was interested in, and if I was serious, I stood beside it while they cold-started it before driving it inside for bidding.
Only helps a little, but I felt like it was worthwhile.

[DonJuan]

I just finished binge watching "The Wire" again after a few years.

Maybe they were planning on adding a hidden compartment for a gun...

I was thinking that too. Maybe the cops pulled it apart looking for drugs... maybe they didn't find any... maybe the drugs are still in there... there is definitely profit here.

[Nufy]

Current bid for the caddy is 14,600

The one I was interested in is at 16,800.00

More than I wanted to gamble on for sure.

Will wait and see if it pops up in Kijij for 40G's in a month or so...

[DonJuan]

Current bid for the caddy is 14,600

The one I was interested in is at 16,800.00

More than I wanted to gamble on for sure.

Will wait and see if it pops up in Kijij for 40G's in a month or so...

:eek:

There is some serious gambling going on here (I was thinking $6k MAX). Keep an eye out for price plz.

[Nufy]

Yeah...I would have went to 8-9k on the challenger but not double that.

I may have a look to see the final price tomorrow but I am not gonna bid at those levels.

[vengie]

Brother in law is a partner at a very well known auction in another province.

Over Christmas he was asking my opinion on how they can improve their revenue and reputation.
I recommended doing a complete inspection on every vehicle and offer the inspection for sale to prospective buyers for $10/ vehicle.
Seems like a no brainer to me.

Anyways, that's all.

[bjstare]

Brother in law is a partner at a very well known auction in another province.

Over Christmas he was asking my opinion on how they can improve their revenue and reputation.
I recommended doing a complete inspection on every vehicle and offer the inspection for sale to prospective buyers for $10/ vehicle.
Seems like a no brainer to me.

Anyways, that's all.

Did he immediately burst out in laughter, knowing that would result in 90% of the cars getting garbage bids or just simply not selling?

[vengie]

Did he immediately burst out in laughter, knowing that would result in 90% of the cars getting garbage bids or just simply not selling?

No.
They implemented and are picking/ choosing what cars to do it on.
Like any auction they get absolute garbage, but they also get some pretty wicked cars.

Note: Its working thus far and they are more than covering their inspection cost with the individual report sales.

[ExtraSlow]

Thats a good business idea. Sell a dozen $10 reports on every car.

[ThePenIsMightier]

He shouldn't be allowed to do this, because CoVid.
Flatten the curve. It's pandemic.
- ThAcO

[DonJuan]

That Challenger sold for $22,100 (103 bids), and the Escalade sold for $15,600 (71 Bids)

Crazy people out there

[Nufy]

Yep...About double what I thought it would go for...(The Challenger)

[ThePenIsMightier]

That thing looked like a bag of wet laundry. The image of its gear shift boot will haunt me.

[Neil4Speed]

Which one of you guys rolled the dice on this one? https://regalauctions.com/marketReport.php?a=details&contract=55648

[DonJuan]

Which one of you guys rolled the dice on this one? https://regalauctions.com/marketReport.php?a=details&contract=55648

I am always tempted by a 550, or an **55. I don't know why. One of these days my sober second thought wont be sober.

[shakalaka]

Whenever I watch Barrett Jackson on TV I get excited and have dreams of one day buying a car from an auction and then based on the kind of auctions we have access to (Regal) that desire goes away real fucking fast.

[ExtraSlow]

You want to travel to the auction. Go to Scottsdale or somewhere and drive the vehicle home. Like whatshisname with the Chev truck did.

[shakalaka]

True that would be a proper way of doing it. Just adds so much BS and import crap into the mix. I will wait for days when our $ is on par with US and then maybe can make the dream a reality. Haha.

[Hallowed_point]

True that would be a proper way of doing it. Just adds so much BS and import crap into the mix. I will wait for days when our $ is on par with US and then maybe can make the dream a reality. Haha. Importing a domestic vehicle is not complicated at all. I did it with my 97 SS 4+ years ago. Pay the GST , don't lie about purchase price and away you go. They didn't even look inside the vehicle etc. The only exception would be for certain domestic vehicles that don't meet Canada bumper standards etc but we are talking about maybe 1%.

[DonJuan]

Whenever I watch Barrett Jackson on TV I get excited and have dreams of one day buying a car from an auction and then based on the kind of auctions we have access to (Regal) that desire goes away real fucking fast.

Day 1 of Barret-Jackson is when they put through all the "garbage" pro-touring, no numbers matching cars, Low $. The sweet spot for me.

Bucket list for me is to buy and drive a car back. Importation is not a huge issue (just watch out for the black listed cars), just have to send the paperwork to the border in advance. Chill in Vegas meanwhile.

[ExtraSlow]

Yep, buying a "driver" from day 1 sounds wicked to me. You can get some cool stuff for under $50k, and don't have to feel bad for really driving it either.
All sorts of not-collectable, but still cool, stuff goes through there. I'm personally a sucker for anything from 1979 and older from Ford and Lincoln.

[flipstah]

Which one of you guys rolled the dice on this one? https://regalauctions.com/marketReport.php?a=details&contract=55648

I would've. That 5.5 V8 is delicious; had it in my E-class.

[ThePenIsMightier]

I've been to one in Vegas. Actually, it was the one where the Veyron sold and the Buyer balked on it. The premium cars at Barrett Jackson go for needlessly high dollars. Balding, grey-haired, old white men in dick swinging competitions to overpay. Sweet, where do I sign?

[DonJuan]

Yep, buying a "driver" from day 1 sounds wicked to me. You can get some cool stuff for under $50k, and don't have to feel bad for really driving it either.
All sorts of not-collectable, but still cool, stuff goes through there. I'm personally a sucker for anything from 1979 and older from Ford and Lincoln.

:werd:

Something like a '71 Chevelle SS pro-touring clone blah blah, with 502 crate engine and a T56 that's clearly had a no-name shop rotisserie it.

The ones the announcers say: "It came from the factory as a 6cyl car and has been extensively modified, ugh gross, sick, this is terrible."

Sells for like $30k.

Ideally I'd grab one of those authorized replica Shelby Cobras. But those are starting to show up on day 2+

[killramos]

I have no interest in a number matching car I agree.

What I want is some money pit that an idiot sunk 100 grand into as a hobby and is now letting go for 30k.

[ThePenIsMightier]

I have no interest in a number matching car I agree.

What I want is some money pit that an idiot sunk 100 grand into as a hobby and is now letting go for 30k.

I'm smellin what you're steppin in!

110974

[killramos]

Perfect

[Neil4Speed]

I would've. That 5.5 V8 is delicious; had it in my E-class.

2011 is TT for the CL, did you have that one in your E? Both are enjoyable motors either way.

[DonJuan]

2011 is TT for the CL, did you have that one in your E? Both are enjoyable motors either way.

Which one is the bottomless money pit though?

[shakalaka]

Beyond group auction trip/buy?

[DonJuan]

BJ Scottsdale starts in 2 days.

[Kloubek]

So, anyway, selling a vehicle with a known defect is a shitty move, but if you were doing it, how would you do it?

I simply wouldn't. Minor issues are expected on used vehicles I think, and I don't personally feel obligated to mention nor fix every single issue with a vehicle before selling. However, if the issue is even moderately serious, I would either fix it, or disclose the issue when selling.

I'm actually toying with the idea of getting rid of my Rover, which has had an intermittent check engine light ever since I had the transmission replaced. The light goes out for a week or two after being cleared, but always comes back. I *could* just clear the code and sell the vehicle seemingly without a problem, but I know if it was me on the receiving side of that, I would feel cheated.

I can't say my philosophy of treating everyone kindly has benefitted me much over the years, but at least I sleep well at night...

[flipstah]

2011 is TT for the CL, did you have that one in your E? Both are enjoyable motors either way.

No mine was the NA spec. Twin Turbo would've been heavenly.
DonJuan TT is the moneypit by a mile away.

The NA spec was bulletproof and easy to maintain. Just couldn't afford the gas to keep it :(

Bigger tank and I'd have to fill up every week vs. the S3 is now every 2-2.5 weeks for the same range.

[Gman.45]

I'm smellin what you're steppin in!

110974

Buster, is that your infamous Ridgeline? WooWoo!! J/K.


I was looking at this '14 Escalade from the same sale. Looks like they took apart the dash for some reason but the pieces seem to be in the back. Site says no keys, but key can clearly be seen on the seat. It's definitely at the impound yard

https://regalauctions.com/inventory....contract=57167

I've always wanted to play roulette at a impound auction.

Just a guess, but based on what's torn out, I wonder if this is an Escalade that this was seized by L/E, and that a hidden compartment was in the dash- very popular with the criminal crowd, they frequently have a switch in the center console that is activated by a magnet which can be put on a keychain or hidden in a change holder/whatever. With the typical spot being the passenger airbag/dash area for hiding handguns/drugs, and it as well as the center console being torn out, I'd be concerned that this is the case. Buying an ex criminal vehicle is always high risk, unless you own your own drug sniffing dog that can scan it, otherwise you could be in for a very, very nasty shock at the border or even at a checkstop/pullover if rin-tin-tin is around, if the previous owner had ever left any drugs literally anywhere in the vehicle.

Otherwise, not a bad price if the Escalade was easily fixable. In 2006 I bought a 2002 Yukon from a mechanic pal who made his $ from buying fixer uppers from auctions/etc, and it was his personal truck he had fixed up. Really, really cheap back then, roughly 2/5 of what they were selling for online (pre kijiji). I actually sold it here IIRC back when the car for sale forum had 2 or 3 pages of current vehicles for sale. Those were the days...

[you&me]

Whenever I watch Barrett Jackson on TV I get excited and have dreams of one day buying a car from an auction and then based on the kind of auctions we have access to (Regal) that desire goes away real fucking fast.

Barrett Jackson has more in common with Regal than you think. :rofl:

[Nufy]

So the challenger is up for auction again this Wednesday.

Wonder what it will go for this time...and why the last guy bailed on it.



No VIN listed in the ad...

https://regalauctions.com/inventory.php?a=details&contract=57183


I might bid...might not. Will be interesting to see what it goes for.

[G-ZUS]

So the challenger is up for auction again this Wednesday.

Wonder what it will go for this time...and why the last guy bailed on it.

Guy might have bought it and flipping it through regal. Iirc they dont charge you to resell a car you bought from them

[Nufy]

Guy might have bought it and flipping it through regal. Iirc they dont charge you to resell a car you bought from them

Well if so he's about to lose 6k. Sold first time at around 22.

Currently at 16 with 20 minutes left.

[G-ZUS]

Well if so he's about to lose 6k. Sold first time at around 22.

Currently at 16 with 20 minutes left.

nvm sorry, just looked. its still under CPA