So, the 2 cars I tried to buy last week, the 2013 Jag XJL Portfolio and the 2014 JGC Summit have both been re-cycled through auctions since then.
The Jag went through the Houston auction again last night. I had offered $14,000 on Friday, but they never got back to me. The high bid last night was $12,750. Apparently they want the $15,350 auction value estimate, which doesn't factor in the "theft recovery" that they are disclosing at the auction and will show up on CarFax/Autocheck. According to the auction rep I spoke with on Friday, it's been run through the auction several times with the same results.
The 2014 JGC just went through the auction a few minutes ago here in KC. My high bid last week was $15,000, but they turned that down and wanted $15,400, despite the car having a $14,850 auction value, being a repo, being sold "AS-IS" (so without a ride & drive guarantee that is standard at that price point), well over 100k miles and below average condition on the auction inspection. Today when it went through the auction, the auctioneer refused to accept a bid below $16,000, and of course, nobody bid on it.
Although it is stupid, I took a little satisfaction from both of those auction results considering I offered to buy them for what I believe was more than they'll ever bring at auction. In the end, I'm better off with the Acadia and the Durango.
Re: Daily Driving a Hooptie Fleet
Posted: Wed Nov 20, 2019 10:44 am
by Kalashnikov
Good to see that you are diversifying from your legal work. Opening a car rental agency may not be the line of work I would choose.
I've never saw anyone actually own durange or Acadia. I see them only on rental lots. Scott Kilmer would rip you a new one too.
Re: Daily Driving a Hooptie Fleet
Posted: Wed Nov 20, 2019 11:11 am
by FRUNKenstein
Kalashnikov wrote: ↑Wed Nov 20, 2019 10:44 am
Good to see that you are diversifying from your legal work. Opening a car rental agency may not be the line of work I would choose.
I've never saw anyone actually own durange or Acadia. I see them only on rental lots. Scott Kilmer would rip you a new one too.
Never heard of Scotty Kilmer before. Just watched one of this YouTube videos. That dude is my hero!! The viewer comments on that video are priceless.
Re: Daily Driving a Hooptie Fleet
Posted: Wed Nov 20, 2019 12:54 pm
by Dr_Strangelove
Scotty Kilmer shouting into my face about how the 1994 Toyota Celica is the best car ever built will forever be one of my favorite early YouTube memories...
Although it is stupid, I took a little satisfaction from both of those auction results considering I offered to buy them for what I believe was more than they'll ever bring at auction. In the end, I'm better off with the Acadia and the Durango.
Although it is stupid, I took a little satisfaction from both of those auction results considering I offered to buy them for what I believe was more than they'll ever bring at auction. In the end, I'm better off with the Acadia and the Durango.
So gasoline must be cheap in Kansas...?
Yeah, the Jaguar would have gotten about twice the MPG than the Durango. I have a feeling that one of the SUVs will be replaced by an XJL in the next year. I am going to keep my eyes open on the dealer auction run lists. One of my lessons learned on buying at the dealer auction is to "Take what the auction gives you," meaning don't go in looking for a specific year, make, model, color of vehicle and expect to get a good deal in a hurry. If you need to buy something right away, then you look for a good deal and take whatever year, make, model, color is at the auction at a good price. If you are looking for a specific car, then be prepared to either pay above market for it, or wait for one to come along at the right price. The Jag in Houston is a perfect example. I wanted to get something right away, and it was the exact vehicle I was looking for, but the seller won't budge on price. I went up to $14,000 with an off the block offer that was at least $1,000 above what that car's worth (no way it's worth more than $13,000), and the seller still wouldn't bite. If I wanted it right away, I was going to have to pay full price (at least $2,500 and really $3,500 over what it is actually worth), despite the theft recovery and being sold "AS-IS". It was run across the block in Houston again today, so I watched it. High bid today was $11,100. So, in the 3 auctions I've seen it go through, the high bids were $12,500, $12,750 and $11,100. And according to the auction worker I spoke with on Friday, it has been run through the auction several other times and never gotten close to the $15,350 auction value estimate (without factoring in the theft recovery), which is what the seller wants. That seller is simply unrealistic as to the value. So, I'll just have to wait for another one to come along with a seller that actually understands the market value.
Re: Daily Driving a Hooptie Fleet
Posted: Thu Nov 21, 2019 1:24 pm
by FRUNKenstein
In a stunning reversal of fortunes, my wife stole the Durango from me, dammit!! She's been driving the Acadia since last week, and I got the Durango Tuesday afternoon. Today, I took both SUVs to the mechanic next door to the auto museum for oil changes. They finished the Durango first, and I let her take it to run some errands. She comes back to the office and informs me that the Durango is now her car and I'm driving the Acadia because well, that's what she wants.
So, looks like the search for the XJL will definitely proceed. I like the Acadia, but . . .
Re: Daily Driving a Hooptie Fleet
Posted: Thu Nov 21, 2019 2:03 pm
by 32wildbilly
FRUNKenstein wrote: ↑Thu Nov 21, 2019 1:17 pm
Yeah, the Jaguar would have gotten about twice the MPG than the Durango. I have a feeling that one of the SUVs will be replaced by an XJL in the next year. I am going to keep my eyes open on the dealer auction run lists. One of my lessons learned on buying at the dealer auction is to "Take what the auction gives you," meaning don't go in looking for a specific year, make, model, color of vehicle and expect to get a good deal in a hurry. If you need to buy something right away, then you look for a good deal and take whatever year, make, model, color is at the auction at a good price. If you are looking for a specific car, then be prepared to either pay above market for it, or wait for one to come along at the right price. The Jag in Houston is a perfect example. I wanted to get something right away, and it was the exact vehicle I was looking for, but the seller won't budge on price. I went up to $14,000 with an off the block offer that was at least $1,000 above what that car's worth (no way it's worth more than $13,000), and the seller still wouldn't bite. If I wanted it right away, I was going to have to pay full price (at least $2,500 and really $3,500 over what it is actually worth), despite the theft recovery and being sold "AS-IS". It was run across the block in Houston again today, so I watched it. High bid today was $11,100. So, in the 3 auctions I've seen it go through, the high bids were $12,500, $12,750 and $11,100. And according to the auction worker I spoke with on Friday, it has been run through the auction several other times and never gotten close to the $15,350 auction value estimate (without factoring in the theft recovery), which is what the seller wants. That seller is simply unrealistic as to the value. So, I'll just have to wait for another one to come along with a seller that actually understands the market value.
Please explain to me something...So it costs no-one anything to run a car through an auction? Is it "no sale-no cost" or what and the seller can set a minimum?
Re: Daily Driving a Hooptie Fleet
Posted: Thu Nov 21, 2019 4:07 pm
by FRUNKenstein
Normally it's $25 to run a car through each time. With a big seller, they may have a special deal, but this is a little credit union with no other cars listed in the auction run list. So, hell I suspect they've spent at least a couple of hundred dollars on no sale fees. If I really wanted it, I'd reach out to the credit union directly to try to make an off the block deal. But with that theft recovery and now that I have a decent daily driver, I'm not that motivated to chase the seller down.
Re: Daily Driving a Hooptie Fleet
Posted: Thu Jan 09, 2020 8:03 pm
by FRUNKenstein
FRUNKenstein wrote: ↑Wed Nov 20, 2019 9:19 am
So, the 2 cars I tried to buy last week, the 2013 Jag XJL Portfolio and the 2014 JGC Summit have both been re-cycled through auctions since then.
The Jag went through the Houston auction again last night. I had offered $14,000 on Friday, but they never got back to me. The high bid last night was $12,750. Apparently they want the $15,350 auction value estimate, which doesn't factor in the "theft recovery" that they are disclosing at the auction and will show up on CarFax/Autocheck. According to the auction rep I spoke with on Friday, it's been run through the auction several times with the same results.
The 2014 JGC just went through the auction a few minutes ago here in KC. My high bid last week was $15,000, but they turned that down and wanted $15,400, despite the car having a $14,850 auction value, being a repo, being sold "AS-IS" (so without a ride & drive guarantee that is standard at that price point), well over 100k miles and below average condition on the auction inspection. Today when it went through the auction, the auctioneer refused to accept a bid below $16,000, and of course, nobody bid on it.
Although it is stupid, I took a little satisfaction from both of those auction results considering I offered to buy them for what I believe was more than they'll ever bring at auction. In the end, I'm better off with the Acadia and the Durango.
Just perusing the auction listings tonight. I see that the Jaguar finally sold down in Houston on January 2nd for $13,100. It had been run through the auction twice per week since I offered $14,000 for it in early November.
The Jeep is still for sale.
Glad to see that turning down my reasonable offers has worked out so well for the sellers.
