vw caddy at BCA

londonTiger

Hi

I'm interested in buying a vw caddy for business, I noticed that they have a few on BCA and there seems to be a new auction site just 40 miles south west of London (blackbushe). I recall the nearest auction site being Brighton a few years ago when i looked.

Just curious, how are the prices like a BCA for vans? Are they decent price or just close to private sale prices?

Marktheshark

Allow for VAT on top and then 28% of the total cost on top of the whole amount if you are not a trade account holder.
So each £1000 bid will cost
£1200 + 28% = £1536

londonTiger

really, that steep? how much does a trade account cost? I'm buying for business

Marktheshark

londonTiger wrote: »

really, that steep? how much does a trade account cost? I'm buying for business

You normally need to references from within the motor trade and a company bank account in your trading name, trade fees vary but they are around 15%-20 hammer tax.

The cheapest auction for public to buy is Scottish Motor Auctions (SMA) who have a fixed sliding scale of about 12.5% the most expensive is Mannheim at nearly 40%.
All will charge vat on commercial sales unless its ex government and margined.

londonTiger

Marktheshark wrote: »

You normally need to references from within the motor trade and a company bank account in your trading name, trade fees vary but they are around 15%-20 hammer tax.

The cheapest auction for public to buy is Scottish Motor Auctions (SMA) who have a fixed sliding scale of about 12.5% the most expensive is Mannheim at nearly 40%.
All will charge vat on commercial sales unless its ex government and margined.

there's nothing on here about references: http://www.british-car-auctions.co.uk/Documents/UK/Applications/BCA_Trade%20Buyer%20Application%20Form%20September%202015.pdf

(dunno why this forum is breaking the URL, ensure there is only one space in the url between September 2015)

Do they ask for that later on the process?

Trade buyer also means a buying manager buying vehicles for their fleet which I am technically doing.

motorguy

londonTiger wrote: »

there's nothing on here about references: http://www.british-car-auctions.co.uk/Documents/UK/Applications/BCA_Trade%20Buyer%20Application%20Form%20September%202015.pdf

(dunno why this forum is breaking the URL, ensure there is only one space in the url between September 2015)

Do they ask for that later on the process?

Trade buyer also means a buying manager buying vehicles for their fleet which I am technically doing.

I think theres a sliding scale too dependant on how many cars you're buying.

Lets be honest - its to protect their big trade buyers and not get their noses out of joint.

BeenThroughItAll

Marktheshark wrote: »

You normally need to references from within the motor trade and a company bank account in your trading name, trade fees vary but they are around 15%-20 hammer tax.

The cheapest auction for public to buy is Scottish Motor Auctions (SMA) who have a fixed sliding scale of about 12.5% the most expensive is Mannheim at nearly 40%.
All will charge vat on commercial sales unless its ex government and margined.

Now, there's a concept.

bigjl

Marktheshark wrote: »

You normally need to references from within the motor trade and a company bank account in your trading name, trade fees vary but they are around 15%-20 hammer tax.

The cheapest auction for public to buy is Scottish Motor Auctions (SMA) who have a fixed sliding scale of about 12.5% the most expensive is Mannheim at nearly 40%.
All will charge vat on commercial sales unless its ex government and margined.

References? Not that I have ever heard of and I used to be a Trade customers at BCA and Manheim.

Manheim charge 40%??????

Since when?

I bought a car at Colchester and no longer have a trade account and the commission was (off the top of my head) around 8-10% of hammer price.

You pay VAT on ex Government stuff and anything that had VAT reclaimed by the first owner, they are marked as Vat Qualifying.

Margin cars are one when the previous owner didn't reclaim the VAT.

"Hammer Tax"????

What is that??

straighttalker

Marktheshark wrote: »

Allow for VAT on top and then 28% of the total cost on top of the whole amount if you are not a trade account holder.
So each £1000 bid will cost
£1200 + 28% = £1536

The buyers fees aren't as high as this.

https://www.british-car-auctions.co.uk/Global/UK/Buyers%20Fees/BCA_Standard_Buyers_%20Fees_Standard_July_2015.pdf

welfayre

Not sure about BCA but with SMA to get a trade account you either need industry references or have to buy X amount of vehicles in X amount of time. It's simply to stop anyone from opening up a trade account, buying one vehicle, getting the trade discount then never buying again.

londonTiger

straighttalker wrote: »

The buyers fees aren't as high as this.

https://www.british-car-auctions.co.uk/Global/UK/Buyers%20Fees/BCA_Standard_Buyers_%20Fees_Standard_July_2015.pdf

I wonder if mark is a trade dealer and just spreading misinformation for sharp buyers to avoid using BCA.

I would have actually preferred a fixed percentage, it looks like cheaper cars have disproportionally higher fees.

A 2008 caddy is likely to be 2500-2999 and the fees for that is £400

a £25K car has fees of just £921