How much would it cost the seller to sell a $25,000 to $35,000 car at or on:
R M Auctions?
Barrett Jackson 8%
Ebay looks like $125.
At Barrett Jackson you pay an entry fee plus 8% for a no reserve auction and 10% for an auction with a reserve price.
This is off Barrett Jackson site. Don't for get entry and tent fees! Then the cost of transportation if the auction is not in your area.
WHAT DOES IT COST TO SELL MY CAR?
To sell a vehicle at Barrett-Jackson, the Consignor is responsible for an entry fee as well as a Seller's commission of 8% of the hammer price for No Reserve consignments or 10% of the hammer price for Reserve consignments. The entry fee is determined by day and time of your Lot entry and includes tent space. Payment of fees without a signed contract does not constitute a consignment agreement.
Don't forget the buyer’s premium at Barrett-Jackson. The buyer pays 10% of the gavel sale price. They call it the buyer's premium but the bottom line is that it comes out of the sellers pocket.
For example if a car sells for $100K, then the seller gets $92K and the buyer pays $110K. If the seller had sold the car on the street the seller would have paid $110K and the seller would have got $110K. It cost the seller $18K to sell the car.
I'm watching the B/J auction right and the bidders have lost their minds. Cars are going for 3 times what they're worth-4.2mil for the Batmobile!!!, $325,000 for a Olds 442 with no PB's or radio.!! I could probably get 125thou for my '24 Roadster, Don.
In my experience, it doesn't cost anything to sell a car at Barrett Jackson. The net in my pocket easily exceeded anything I could have got for the car selling it any other way, it was done in a day and I had the money via a good check from Barrett Jackson within a couple hours after the car sold. No warranty, no tire kickers, no BS, it sold for absolute top dollar plus several thousand more.
Unless there is something about the business I don't know after 30 years, I have not seen anyplace where you can get the kind of money for cars that you get at a well advertised, well run auction.
So Stan, you're saying $13,000 for a '69 Toyota Corona in good condition was more than the guy could have picked up on Ebay or Craigs list?
I had four of those cars. I think the most I ever paid for one was $200!
How about that bare T speedster about 10 years ago with no Ruckstel, no anything but nice body work and it went for...was it $52,000?
I have this old wheel borrow with good handles, do you suppose....eh, too far away.
I agree BJ is where your car should bring the most money, but now they make you wait 21 banking days for your check!
Coming over to Puyallup next month?
Not going to make the swap meet this year. I was just in Tacoma for Christmas and Texas for two weeks. No travel time or money left.