Quote:
Originally Posted by 1979-930
This has been said every time one of these threads comes up. But I would fly out and inspect the car myself before any money was transferred.
At that point a direct wire is not an issue. Risk a couple thousand verses buying a turd that needs $20k or more.
The ability to back out would be the only benefit to BAT. You can't do that at Mecum or any auction house.
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How do you figure? I would argue that BaT is the single worst auction house to buy a car from and then back out, as it’s the only one where you pay the commish immediately upon close of auction. If you back out of buying a car on BaT you are out the 5% juice guaranteed. If you back out of buying a car at any of the conventional auction houses you aren’t out anything, all they have is a bank letter stating you have the funds, that is it. If you get cold feet post auction, BaT will be the most expensive one to do so at. Now granted, maybe the other auction houses won’t issue you bidder credentials again after that, but BaT might handle it the same way too.