Tag: Auctions

By on June 30, 2014

keeler

Hi Steve,

I have been trying to find a Lexus GX470 for several months now. Either a 2012 or a 2013.

What I have found is that these vehicles simply don’t exist here in Tennessee.

I have gone through every Lexus dealer in the state, along with a few others that are out of state. I can’t find a GX anywhere.

So I thought that maybe I should try to look at a Toyota Sequoia, or maybe even a Toyota Tundra instead. I have found a few of these vehicles at the dealerships, but the prices are stupid high, and I just can’t justify paying what they want me to pay.

I am a cash customer, and I don’t think I’m too picky when it comes to cars. What I wanted to ask you is whether you can actually find a good deal on a late model GX at the auctions.

Steve Says:

No.

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By on June 16, 2014

sideofroad

…on the side of the road?

Way back in the day, I used to work as an auctioneer at Logandale Auto Auction. I used to call it, “the red light district” because every vehicle there sold under the red light, which meant AS/IS.

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By on May 30, 2014

metro1

There it stood, right next to the Michael Jordan Wheaties display.

A brand-new 1992 yellow Geo Metro convertible.

Price Chopper, a local New York supermarket chain (think Pathmark or Albertson’s on crack) was opening up a brand new location in Saratoga Springs.

The Metro would be the perfect vehicle for upstate New York’s salty roads and wickedly cold weather for one irrefutable reason. It was free… after tax, tag and title.  The only thing I had to do was figure out how to win it.

So I got busy. 150 entries a day for 3 full months. 13,000 in all. The day came for the drawing, and I won!

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By on May 16, 2014

pitch

The bases are loaded and the score is tied. Two outs in the bottom of ninth. 3 balls. 1 strike.

You know this pitcher better than you know your brother. The last pitch had almost cleared the left field pole, and the entire stadium. Your swing was as beautiful as Mickey Mantle in his prime. Just a few inches to the right and you would have been on your way to a private party with friends instead of another walk back to the batter’s box.

The catcher signals, and you catch one finger out of the very corner of your eye. Fastball. The pitch comes, right down the middle. It’s almost like a dream and yet, you can’t do anything about it.

The stomach pangs in stress and anguish as the rest of your body remains still. You watch it go past. The thud in the catcher’s mitt. The umpire bellowing, “Stttaaarrriiikkeee!!!” Your manager had told you not to swing and now, you have 50,000 fans booing as you curse under the breath and step away from the batters box.

Will you get a pitch that good again? The pitcher grins as he now knows, his mistake ended up giving him an advantage.

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By on May 15, 2014

cou2

An unsellable car comes in many forms.

The three-door minivan. The stickshift attached to a non-sporty wagon. The Daewoo. The conversion van with design graphics rooted in sexual fantasy.

Then there is this car. A car designed in the Reagan era with a cheap plastic grille, an even cheaper plasticized interior, and a luggage rack on the trunk that would do Lee Iacocca proud.

God I love this thing. What the hell is wrong with me?

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By on April 1, 2014

 

hairpin

Auto enthusiasts often dream of taking an exotic car through some of the nicest stretches of winding roads the world can offer.

Hairpin turns… beautiful smooth roads…. nice scenery… and all the power and finesse one can summon in a car made for the perfection of that very moment.

Ferrari, Porsche, Lamborghini, the list of great cars serving this unique purpose of vehicular bliss is as long as the opportunity is unique. Even the most frugal of gearheads want to experience this thrill sometime between now and their eventual nirvana.

But then again, I may be completely wrong on all of this. Actions speak louder than words in the enthusiast community, and what I find inside a lot of gearhead garages looks a bit like…

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By on March 26, 2014
YouTube Preview Image

People buy with their eyes in this business. Always have and always will.

I don’t care if you are a pseudo-sophisticated Yuppie wanna-be who thinks that Subaru is a value brand, (It’s not. They cater to the Costco crowd.) Or an impoverished mother of five who is taking her $6000 tax check and blowing it on the Cadillac of minivans.

Image completely rules this business. New or used. As much as I would love to sell old sturdy wagons and functional minivans that will last for another seven years, my customers want the modern-day crossover. The SUV that hypothetically gets great mileage if you read the window sticker upside down. A compact with an impossible to find leather interior, and of course, the upscale ride with the nice big wheels.

The first test of whether a car sells in this business comes down to a simple question.

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By on March 18, 2014
img_0382

Malcolm Pray at the wheel of his “French Mistress”. Full gallery here.


At the New York World’s Fair in 1939, eleven year old Malcolm Pray Jr. came down to the city from Grenewich, Connecticut to attend the fair. At the French pavilion, a Delahaye 135 Roadster with a body by Figoni et Falaschi, one of twelve made, caught the boy’s attention and he admired it so much that he made a sketch of its lines and kept the sketch, never forgetting the car. He went on to graduate from the University of Virginia and did a stint in the U.S. Air Force before moving back to Greenwich where he got a job selling Volkswagens for Morlee Motors on West Putnam Avenue, the same street where he would eventually operate a group of foreign car dealerships.

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By on February 12, 2014

littlebangtheory.wordpress

 

When I peruse the websites of some of my local yards, it seems like some of these cars have very little damage but some insurance adjuster has written them off based on whatever metric the company uses.

I’m an experienced shadetree mechanic and it seems like getting a 3-4 year old car for 30% of its original MSRP would be a screaming deal, and since warranty coverage is no longer an issue, it comes down to diminished value on the salvage title. I tend to keep my cars for 8-10 years so who cares.

Here’s where my doubts creep in.

If it was such a great idea, I would have surely read more about it. In the case of this one nearby yard,  they have a huge collision repair facility. So why aren’t they repairing and flipping these cars? Googling doesn’t provide a whole lot on the pros and cons, just on the procedural aspects.

Any experience or stories ?

Steve Says:

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By on February 10, 2014

car.mitula.us

A reader sent me these parameters for picking his next vehicle
I’m at a crossroads. I’m looking for a cheap – laughably cheap – like less-than-$3,000 cheap – car for my next daily driver. It’s got to be economical (near 30 mpg hwy) and fun to drive, with decent aftermarket support (so I can throw a couple mods at it – I’m a gearhead). Oh, and since I’m 6’1″ and have a 1-year old daughter, it needs a back seat.
We can skip the DSM/Mitsubishi reliability warning.

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