Ever Wonder How Good Cars Wind Up At Auctions? The Tale of This Ferrari FF Is Just That...

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JayEmm on Cars

JayEmm on Cars

2 жыл бұрын

In today's video, I talk about buying cars, what happens when inspections go wrong and what dealers do with cars they can't sell - and why it might affect you. This involves a dive into the murky and strange world of BCA, some amateur sleuthing on my part and a very pretty (but rather broken) Ferrari. LA61 DYC is the number plate. Previously on F4 FNE
#Ferrari #FF #Auction
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Пікірлер: 783
@brianiswrong
@brianiswrong 2 жыл бұрын
Lessons I learnt. 1) never buy an ex fleet ferrari 2) I can't even afford a ferrari key fob 3) don't worry and continue with my life
@andrewgurney6019
@andrewgurney6019 2 жыл бұрын
A Ferrari at a trade auction is a red flag, especially a recent model. I am sure a vast majority of the people bidding will be fully aware the car would require plenty of time and money spending on it to bring it up to standard and to be honest if they are buying it thinking they are getting a bargain, they are in the wrong business.
@hughesy606
@hughesy606 2 жыл бұрын
Not necessarily. Most of the cars at Top Car sales have a history that is known due to dealer and vendor chat. Even Pistonheads threads!
@MAXREVS
@MAXREVS 2 жыл бұрын
Loved this video J, top man for doing the honourable thing and making this video. These sorts of videos you make are THE BEST!
@GunnySerg
@GunnySerg 2 жыл бұрын
Crap nothing to see here. Any dealer knows what grade 5 is.
@JayEmmOnCars
@JayEmmOnCars 2 жыл бұрын
The video isnt made for dealers...
@jamiespinks3657
@jamiespinks3657 2 жыл бұрын
I've always been under the impression that press cars lead a very hard life as they are flogged by one motoring journalist after another, and the condition of this Ferrari FF simply confirms my suspicions.
@murphman76
@murphman76 2 жыл бұрын
ABSOLUTELY...all you have to do is read the road tests and look at the pictures...they drive the %$%$##@ out of them!
@autobahnproven
@autobahnproven 2 жыл бұрын
Ex-press car. Ex-rental car. Who would willingly buy either?
@TroyHR123
@TroyHR123 2 жыл бұрын
I am surprised they are even sold to the public afterwards and not crushed.
@theoneandonlybosable
@theoneandonlybosable 2 жыл бұрын
@@autobahnproven press cars can be pretty well maintained- it for example isn’t uncommon for journalists to buy one even after they’ve done the rounds. Harris just purchased the Polestar 1 press car.
@AntoniusTyas
@AntoniusTyas 2 жыл бұрын
@@autobahnproven I would buy an ex-press cars. Especially if the company takes care of said car properly. Think Porsche GB's RO10HBY (that Grey Black 997.2 GT3 RS) or Audi UK's OY07MHL (the Daytona Grey R8 V8 that Jeremy drove in TopGear and James drove in this channel).
@davidkris
@davidkris 2 жыл бұрын
Having been in the car industry in the US, I can tell you this is exactly what would have happened here. An auction is essentially the way to wipe your hands of a problem car, and pass it on to another dealer, guilt free, while still knowing someone else will be getting screwed. Great video James and nice work tracking it all down.
@memsybabe
@memsybabe 2 жыл бұрын
I think when someone sees an FF at BCA auctions, they'd immediately know there's something preventing it being sold privately by its previous owner. That's why buying at auction will always be a risk. Especially from BCA...
@71MWhite
@71MWhite 2 жыл бұрын
Which is why they are cheap. Anyone taking this on would surely know the potential problems and be able to sort them, hopefully. But I can’t see it selling for £60k though!
@tavirosu25
@tavirosu25 2 жыл бұрын
Can we all agree that playing "hot potato" with a Ferrari FF is just unethical and shows all them dealers regardless how proud they are of their heritage and "luxury" brands that they cover, they care little to nothing for actual cars and their clients :(
@MrManBuzz
@MrManBuzz 2 жыл бұрын
It's just about money. When it comes to that, they're no better than scumbags and chavs committing petty crime. In some ways I look at them worse. They hide behind the veil of respectability and class, but behind that mask they're as cutthroat and callous as anyone could be.
@sergeb1207
@sergeb1207 2 жыл бұрын
People in then industry move from ford to bmw to ferrari and back again for the money. Very few of them are car enthusiasts, just like not many eatate agents are into grand designs. Its an item of stock to be flipped for a return.
@GeoffBuysCars
@GeoffBuysCars 2 жыл бұрын
If you knew what went on at these 'prestigious dealers' behind closed doors your eyes would water! I've got some stories.
@GeoffBuysCars
@GeoffBuysCars 2 жыл бұрын
@@MrManBuzz Yup. 100%. I know for a fact there's a dealer right now offering a restored, as new car that has been crashed very badly in the last 12 months...
@wolfiestreet6899
@wolfiestreet6899 2 жыл бұрын
What's ethics got to do with it? It's business, man, never personal.
@ijustfelldown
@ijustfelldown 2 жыл бұрын
Stories like this discourage me from aspiring to buy high end cars at some future point in my life. So much hassle for enjoying driving a good car makes very little sense to me.
@barry5138
@barry5138 2 жыл бұрын
Yes, not worth the hassle.
@MrRedders
@MrRedders 2 жыл бұрын
And the fact that you're obligated to take it to the dealer or a specialist even for basic things which equals £££ just to maintain a service history........I find some joy in buying older cars with 6 figure miles on the clock and then doing servicing and repairs myself. I recently replaced my Ranger Rovers front suspension and steering - nearly the whole lot - for less than I probably would've been charged for a ball joint. I'll probably be the sucker who buys an ultra high mileage FF with questionable history at some point ;)
@barry5138
@barry5138 2 жыл бұрын
@@MrRedders the appeal of these ego mobiles soon wears off once the main dealer has his way with your wallet. Toyota all the way for me now. And like you, try to maintain myself as far as possible
@kisi5209
@kisi5209 2 жыл бұрын
A fool and his 💰.. does any more really need to be said.. at some point most people realise cars are just tools, but some can appreciate.
@freddieparrydrums
@freddieparrydrums 2 жыл бұрын
@@kisi5209 I appreciate real cars. That’s classics. Properly built
@christennant8143
@christennant8143 2 жыл бұрын
What a lot of people don’t know is that the group that owns BCA also owns We Buy Any Car, Cinch, Marshal motor Group and have just bought a 20% stake of Lookers motor group. As for the dealer they will absolutely never disclose any of the faults to BCA as they want to get as much money for the car as they possibly can.
@sampeck9235
@sampeck9235 2 жыл бұрын
Very useful information 👌 👍 👏
@jbisham8986
@jbisham8986 2 жыл бұрын
Normally I agree with james but not with this . Any dealer would know that if a vehicle like this is going to auction in this current crazy market then something is wrong . Ultimately a dealer or specialist wouldn’t be spending anywhere near the money asked by a Ferrari main dealer to fix this ( they would be using their own labour ) . In regards to a general punter who might purchase this from a dealer . They would have the option to get it inspected ( as James did ) . You’d have to be daft not to check a leggy high mileage/ complex Ferrari before purchasing ( James eludes to this earlier on)
@djh29971
@djh29971 2 жыл бұрын
Agreed. The McLaren dealership are doing nothing wrong here. They've taken a car in that is more hassle than it is worth whichever way you look at it. In an ideal world they would spend a few pounds on it prepping it up and sell it, but this car is not in that category. Therefore knocking it out at a trade auction makes perfect sense. What happens from then on is not the dealers responsibility. The end.
@adamfry1125
@adamfry1125 2 жыл бұрын
Yep totally agree. Pretty much a rant over nothing for me
@installwebercarburetorsona6159
@installwebercarburetorsona6159 Жыл бұрын
Yes as above. I actually think the amount described as likely being required is a fair estimate on any car of this class and complexity at 60k miles to bring it up to excellent when you intend to take it to Ferrari main dealer. No real news here.
@MrDavidfball
@MrDavidfball 2 жыл бұрын
i have a BCA account, there's two pages, 1 is a cosmetic condition and another that you may have missed the gives an essential mechanical report on things like gears (1st only) engaging, lights and electrics working, stereo function and tyre depth check etc etc
@stav2002
@stav2002 2 жыл бұрын
I completely disagree with this perspective. Any experienced dealer buying from an auction knows that a car is there for good reason. They have the opportunity to view the car before auction,start them up and in some cases drive them. They know what they are getting into and the potential costs. Cars at auction are assumed to be dogs rather than grade A, and sell for rockbottom prices due to that assumption. There is no screwing going on when everyone assumes the worst. AS you said cosmetically the car was good but got the lowest grade, so that is a good indicator of the mechanical state.
@MotoMaxuk
@MotoMaxuk 2 жыл бұрын
Agree. I like your videos a lot Jimbo but your judgement is off here.
@SicSemperBeats
@SicSemperBeats 2 жыл бұрын
exactly. The moral high horsing is getting kinda annoying as I initially thought this was a review video. I mean no one wants to get scammed, but that's literally the business and what happens after the sale is none of the buyer's business. A dealer isnt oblivious to what goes on in auctions, and they are aware how to run the business in most cases. The dude is just being an annoying buyer at this point, his view point is somewhat immature.
@juliandale50
@juliandale50 6 ай бұрын
That’s completely horse shit, ive been in the game 37 years, James is trying to protect buyers be them trade or public. I worked for BAC for a total of 8 months till i left due to being sick of bad practice. You buy what you see yes but it no excuse for getting reamed. A mis on a focus or bad tyres is noticeable , the faults on this car aren’t a cost a focus to fix .
@jamesrobert4106
@jamesrobert4106 3 ай бұрын
​​@@juliandale50You may have just upset the shit house dealers above.
@Back_Road_Hero
@Back_Road_Hero 2 жыл бұрын
Fair play to you James for trying to protect the dealer looking to add this to stock, or making an unsuspecting prospective customer aware if they’re in the market for one. You now have the subscribers to make a difference. Good man. Ed
@chartreux1532
@chartreux1532 2 жыл бұрын
The Ferrari FF is the Ferrari i see the most here in the Bavarian & Austrian Alps, both at our Car events but also in general on the Road, especially in Winter and they're always dirty because just like G-Wagen they're actually used. It's impossible to find a used FF around here that doesn't have over 100-150k km behind it, which compared to other Ferrari Models on the Market shows me that it's very reliable and very good in the cold & very snowy but also muddy Weather around here. It's gonna be interesting to see if the Lusso will be just as reliable for daily & bad weather driving Prost & Cheers from the Berchtesgadener Land in the Bavarian Alps
@elta6241
@elta6241 2 жыл бұрын
They are certainly very well used.
@heimatliebe116
@heimatliebe116 2 жыл бұрын
Prost!
@autobahnproven
@autobahnproven 2 жыл бұрын
@@heimatliebe116 Google translated "Prost!" into English as "Dumbass"! Having lived in Germany for many years, I always thought prost meant "cheers!". Thank you Google for correcting my longstanding misunderstanding... Maybe someone at Google doesn't like a certain French F1 champion...?😉
@heimatliebe116
@heimatliebe116 2 жыл бұрын
@@autobahnproven Your memory beats Google's translation!
2 жыл бұрын
@@autobahnproven I speak some German, but I also remeber it from bar scene in Django where Schultz (C Waltz) said "prost" to Django drinking beer :D
@martinlaver4707
@martinlaver4707 2 жыл бұрын
Dealer on dealer action. Everyone who buys at auction goes in with eyes wide open.
@jameswillard1
@jameswillard1 2 жыл бұрын
Exactly, this moron thinks he’s going to play Jesus and police everyone to make sure that nobody buys a car that is known by anyone with half a brain to be a high maintenance vehicle with a high propensity for mechanical issues 🤦🏻‍♂️
@bluegblueg
@bluegblueg 2 жыл бұрын
Dealers may go in eyes open. But the point was, do they sort the problems or just sell on to a member of the public who doesn’t find out until it’s too late?
@martinlaver4707
@martinlaver4707 2 жыл бұрын
@@bluegblueg buyer in that case has a warranty from the dealer and Consumer Rights Act remedies for defects. And is well advised to pay for their own survey. This is a non-issue really.
@martinlaver4707
@martinlaver4707 2 жыл бұрын
@@jameswillard1 James does a great job and I’m not having a pop at him.
@Mtnflying
@Mtnflying 2 жыл бұрын
Good video and an accurate description of the dealer auction experience. I was a dealer in a previous life, and in North America anyway, there is limited post sale recourse. In my experience if the consignor discloses something the auction will publish it or at minimum make a on block announcement. Disclosure is always a good antidote. Cheers
@AntoniusTyas
@AntoniusTyas 2 жыл бұрын
It's refreshing to see McLaren New Forest's decision not to sell the car to anyone after knowing the problems. Saves other potential customers for having a potential lemon (which is a shame because FF is a properly desirable car in my opinion).
@forced-induction
@forced-induction 2 жыл бұрын
It good to see but I think they only did it to save on headaches post sale especially if the new owner found this video.
@jameswillard1
@jameswillard1 2 жыл бұрын
Correct it is good of them, but they still own the car most likey as the auction is just providing a selling platform but now Jay had to go make a video about the car rendering it sale proof to anyone .... so they’ll probably be stuck with it
@marknorton5951
@marknorton5951 2 жыл бұрын
Or was the person who made this video…
@hymek7017
@hymek7017 2 жыл бұрын
That's not quite right. All McLaren New Forest have done is put a third party or two between themselves and the new owner. Essentially all they are doing is taking their name off it as the seller and replacing it with BCA or the dealer who buys it from BCA to protect their own reputation. They should have been much more careful with pre-purchase inspection before taking the car into stock.
@user-fb9os7hy2y
@user-fb9os7hy2y 2 жыл бұрын
Enjoyed the video, as a fourty year veteran of motor trade let me try to help...Risk at trade auctions is reflected in the prices paid..also your estimates for repair are retail prices ,dealers will be paying trade for parts and wages for labour..this drops costs massively. I agree that BCA is a racket but not for the reasons you have detailed...they own 'we buy any car' now you know😂👎
@tonyharper5604
@tonyharper5604 2 жыл бұрын
I was going to make this very point. BCA (WBAC) is more akin to a financial intermediary. They charge a processing fee to anyone selling with WBAC, knock the price they agree as low as possible to give themselves a chance of bettering that at auction, and then they charge a commission to the successful bidder at the auction. Means double (and potentially treble) bubble on every unit they shift. This is just a numbers game to them. And sometimes it works for us private owners to shift stuff this way. Caveat emptor!
@andycalifornia426
@andycalifornia426 2 жыл бұрын
"Risk at trade auctions is reflected in the prices paid" -- and prices paid at auctions are reflected in what the bidders THINK the car's condition is. Bidders set the price, not the "auctioners", so I don't see how the price reflects the condition of the car.
@maxflight777
@maxflight777 2 жыл бұрын
I’m astonished to discover that !
@user-fb9os7hy2y
@user-fb9os7hy2y 2 жыл бұрын
@@andycalifornia426 hey..you are right,the true condition of the car is not accurately reflected in the price brought at auction because as I said, risk (due to lack of information and inspection opportunity) is factored in to the bid. That's why these auctions are generally trade only...the public do not have the facility to see a vehicle for what it actually probably is, or to repair the surprises cheaply.
@user-fb9os7hy2y
@user-fb9os7hy2y 2 жыл бұрын
@@ArbitraryFilmings trade dealers are constantly playing perception versus condition,it's their job to polish the turd presented by the auctions into something a retail dealer will buy to sell (or fire it back in to auction hoping some civilian bidder will push up)...they are a necessary part of the used car recycling ecosystem.
@stephenhunt6673
@stephenhunt6673 2 жыл бұрын
Thanks for your honesty JayEmm!
@kj2336
@kj2336 2 жыл бұрын
Thanks for a great video and insight into the second hand car auction world and also highlighting the importance of checking out a vehicle through the proper channels before committing to purchase!
@loochcozzetto
@loochcozzetto 2 жыл бұрын
Hi Jayemm I watch the majority of your videos and agree with you in most cases however I just had to put my opinion across on this one. I’m just going to put one thing out there as a used car dealer dealing with cars from £2500 to £250k. I think it’s completely wrong for someone to dictate to a dealer how they should sell there vehicle wether the car be right or wrong. It’s dealers option what they would like to do you gave them the option to buy the car as a trade purchase and they didn’t accept you draw the line there and move forwards. I completely disagree with a customer then saying that’s fine however you must now sell the vehicle how I tell you to. They only agreed because you have a platform. BCA have terrible grade reports. As a example, when you sell a vehicle to We Buy Any Car they get auctioned off straight through BCA because BCA own WBAC. BCA will not plug a diagnostic in, they will only start the car and hear the engine for any strange noises. They will not drive or diagnose. They quote if I’m not mistaken any where between £100-£200 on each wheel that is scuffed and I think diamond cuts could be even more. This isn’t even talking about the rest of the body and what they would quote for scratches and marks etc etc. When they are at BCA having a grade report done they are scanned over by people who will just give the car a basic overlook. The dealer would not of disclosed to BCA what’s wrong with the vehicle. It will be interesting to see what sort of money/reserve there is on the car. People looking at this car in auction if they have any clue of the motor trade will know that there is hidden issues that’s why the car is there. So yes the used car market can be very difficult. I would rather pay more from a private individual than from a auction. You have to understand I don’t disagree with what you are saying and I enjoy watching the channel however I do think it’s abit strong to dictate to a dealer how they should sell their vehicle. People spending that sort of money will usually have the vehicle pre inspected no matter where the vehicle is coming from, I could kind of understand if you buy a Ferrari from Ferrari the trust would be there but from watching this you can never be sure.
@cartman9597
@cartman9597 2 жыл бұрын
Gianluca. A very well written and well balanced comment… 👍
@uptodatenate5558
@uptodatenate5558 2 жыл бұрын
Gianluca you hit the nail on the head.
@douglasjames4905
@douglasjames4905 2 жыл бұрын
Any and All Purchasers dictate to the seller [dealer]. End of reply.
@wolfiestreet6899
@wolfiestreet6899 2 жыл бұрын
His inner authoritarian lefty popped out.
@wolfiestreet6899
@wolfiestreet6899 2 жыл бұрын
@@douglasjames4905 ? How's that?
@matthewedwards1089
@matthewedwards1089 2 жыл бұрын
This is why when I buy an FF it will be from a trusted expert and subject to a full inspection. Great video
@Vinttro
@Vinttro 2 жыл бұрын
As always a great video James, and very interesting. Thank you.
@allistairbarratt2880
@allistairbarratt2880 2 жыл бұрын
Most dealers who can buy a Ferrari (or any car for that matter) from auction situations but especially a Ferrari will know the risk involved here and will bid accordingly. However I guess there maybe certain businesses who as you said will wash it and punt it out to an unsuspecting customer.
@ashliehiggins
@ashliehiggins 2 жыл бұрын
Specialists will know, but it'll be the "premium" dealers who deal almost exclusively in moderately used Germans will take it as a chance of grabbing a cheap Ferrari, and the hit will ruin them, if it isn't bounced back to BCA every week.
@71MWhite
@71MWhite 2 жыл бұрын
It’s bound to be shoved back into auction a week later I reckon..
@minatormyth
@minatormyth 2 жыл бұрын
Brilliant and outstanding video Jay. Thanks
@cobra1010
@cobra1010 2 жыл бұрын
Dear James, thank you for this video. However, this only reveals one thing which is well known already - Only buy a Ferrari with a good history and from a serious source. This FF should never have ended up in the hands of neither McLaren nor of BCA. They don't care about the outcome of this story. I hope you will find yourself a nice FF in good shape. I can only recommend it. I own one, and I absolutely love it. The greatest car I have ever driven and owned. A complete joy to drive, as you know. Cheers and good luck!
@TheMrFishnDucks
@TheMrFishnDucks 2 жыл бұрын
Very interesting video. Lots of things to think about. Keep up the good work.
@patrikbergstedt5044
@patrikbergstedt5044 2 жыл бұрын
Great video, thanks. Been thinking of buying a FF and this was very useful as well as informative.
@davidfoster1762
@davidfoster1762 2 жыл бұрын
As the video is in advance of the auction it will be interesting to see what happens. For a few months I worked as a car mover at a BCA site . Mainly as I love cars and it kept me busy post retirement. It certainly wasn’t for the money. One day I was walking back to the main hall , a mature gent told me to get a move on. I knew he was one of the senior BCA guys. Why I didn’t respond by asking him would you walk quickly for £7 per hour after tax I don’t know .....
@user-fb9os7hy2y
@user-fb9os7hy2y 2 жыл бұрын
The beauty of not needing the money is that you have the freedom to tell these types what you think of them..that's why older people in the workplace are a good thing mate👍....let's not regret the fact that your more polite than he is.
@findingneutral426
@findingneutral426 2 жыл бұрын
Great vid James. Big respect.
@jeebus2121
@jeebus2121 2 жыл бұрын
This was a truly great video. Thank you.
@fjayem
@fjayem 2 жыл бұрын
Surely the whole point of the BCA auction for McLaren is that they dispose of the FF without any responsibility and the purchase is at the buyer's risk. That is of course provided it sells because BCA do not own the car. This tale isn't fully told until we know the sale price although I can't believe that McLaren New Forest will be that delighted at the tale you have so far told!
@matthewgodwin3050
@matthewgodwin3050 2 жыл бұрын
No, people who have something to hide are never delighted when someone else shines a little light in the darkness by telling the truth. I have no problem whatsoever with a substandard car being sold, so long as the buyer is aware of the problems and the car is priced accordingly. James has done exactly the right thing.
@fjayem
@fjayem 2 жыл бұрын
@@matthewgodwin3050 No, it's a trade only disposal auction. While we now know the car is indeed a lemon, and McLaren know too, buying it untested is at buyer's own risk. It should sell at far below retail value - trade buyer beware!
@djh29971
@djh29971 2 жыл бұрын
@@matthewgodwin3050 McLaren have done the right thing by sticking it in a trade auction as that it is what they are for. If the car was 100% - or even close to it, it would not be there. I normally agree with much what James says, but not here. He could be in danger of making himself persona non grata at certain dealerships and nobody wants that to happen.
@bonniedrasco8166
@bonniedrasco8166 2 жыл бұрын
Brilliant video Jay, thanks, trying to buy a second hand car at the moment and no matter what car it is, its so difficult to trust anyone whether they be dealerships or private sellers, either ridiculously overpriced or lots of shady problems in the background that they will or won't admit to having until you start to investigate
@benthorpe5905
@benthorpe5905 2 жыл бұрын
Sadly this is just what happens at dealer auctions, it's a shame that the system works this way
@MeakerSE
@MeakerSE 2 жыл бұрын
I assume the general prices are lower assuming some issues are there and how good/bad it is varies over an average.
@benthorpe5905
@benthorpe5905 2 жыл бұрын
@MeakerSE pretty much, the dealers will bid on the cars with an average % buffer to their expected overall costs, meaning if they expect an average of 10% of the total cost of the average vehicle in repairs, they'll bid a flat 10% lower than they would theoretically pay for a mint example (doesn't often happen). This falls down when the % is higher than that meaning the cost to repair is higher than expected/accounted for, which is when corners are cut or profits are eaten into (you can guess which one a lot of dealers do). There will be times when the cars require less than 10% repair costs and in theory should even out (10% Is theoretical)
@sportzntouring
@sportzntouring 2 жыл бұрын
Maximum respect James! What a shocker!
@rjhandley556
@rjhandley556 2 жыл бұрын
Another great video Jay thank you
@stefanmeekers9079
@stefanmeekers9079 2 жыл бұрын
Really enjoyed this. Live down the road from Meridian and have been to the McLaren dealer you reference. Thanks for highlighting the issues with the car!
@ultrapaiva
@ultrapaiva 2 жыл бұрын
What a brave video, Jay. Totally worth sharing it and giving the buyer the opportunity to bid correctly. On the other hand, you’re talking about people who have focus on money and don’t care about anything else. A brick through the front window wouldn’t surprise me. Take care.
@getawayhs2856
@getawayhs2856 2 жыл бұрын
Nice one, much respect to you Jay.
@marcos1669
@marcos1669 2 жыл бұрын
Amazing video, this kind of things should be known, and is shows how really the buying and selling works
@GoldenCroc
@GoldenCroc 2 жыл бұрын
This is one area of the car industry/market I dont know much about. Very interesting video, thanks.
@catkin1671
@catkin1671 2 жыл бұрын
Thank you for always being honest.
@simonrb5239
@simonrb5239 2 жыл бұрын
Great video and all valid points relating to high end, potential money pit supercars. At the other end of the market auctions, retail to retail rather than dealer to dealer, can work well. I have bought a Rover P4 at auction that I drove home in a that needed a little work but now runs perfectly, and sold a fully sorted Lotus Excel through an on line auction, taking advantage of the speed and ease of sale. Auction houses encourage buyers to inspect before purchase not all sellers are looking to sell duds.
@nfarnell1
@nfarnell1 2 жыл бұрын
A lot of our present Economy is people /persons forcing their way in-between suppliers and customers to skim off as much money for as little value as they can. Add that to the closed markets of "wholesalers to wholesalers" and we all have a doomed feeling buying from almost anyone. Thanks for explaining and thinking about the next guy.
@richardstevens8931
@richardstevens8931 2 жыл бұрын
JayEmm.. my new favourite car channel chap! Great work here, I’ve been stitched by more than one dealer in the past. Very expensive and painful lessons.
@dwn2634
@dwn2634 2 жыл бұрын
Great insight video. The FF is IMO one of the most beautiful things ever conceived.
@brijkotecha8300
@brijkotecha8300 2 жыл бұрын
Good work. Excellent video.
@edgarbeat275
@edgarbeat275 2 жыл бұрын
I love this channel. Most of the cars you feature I'll never own. The tyres on most could buy several 206 estates 😃 I'm very much Hubnut when it comes to cars. It's nice to look over the fence and see the fancy stuff.
@wizardofthenorth8352
@wizardofthenorth8352 2 жыл бұрын
Hi James what can excellent informative video. Has just reinforced my belief only buy at dealerships - at least you have half a chance of a come back if there's a problem. If you find out what happens to the Ferrari I hope you'll be able to update us! Well done and thanks 👍
@davidsherley2652
@davidsherley2652 2 жыл бұрын
A private sale is even better in my experience. No matter what sales environment one chooses, you’re buying the previous owner’s maintenance history as well as the car. If you interact with the previous owner, you have the opportunity to ask direct questions and to read between the lines about the car you’re considering buying into.
@auwz66
@auwz66 2 жыл бұрын
FWIW the FF didnt sell at auction (yet). It made 60,500 unsold.
@Spleen214
@Spleen214 2 жыл бұрын
Excellent video, great content. I couldn’t believe McLaren tried telling you shock absorbers are supposed to leak. McLaren dealers don’t help themselves do they! Thanks for putting on the big boy pants and telling this story.
@Beer_Dad1975
@Beer_Dad1975 2 жыл бұрын
LOL, if I ever fail a annual vehicle inspection due to a leaking shock - which is an automatic failure here - I'll tell the inspector "But McLaren say that shocks are supposed to leak!" - I'm sure they'll whack that compliance sticker straight on the windscreen no more questions asked.
@deenoc3622
@deenoc3622 2 жыл бұрын
Excellent video. Really interesting.
@disturbed250
@disturbed250 2 жыл бұрын
This was a great video and very interesting to hear.
@MiniBull-vq2yg
@MiniBull-vq2yg 2 жыл бұрын
This video deserved a Like. Fair play to you, Jay 👍
@ZingerTower
@ZingerTower 2 жыл бұрын
What an ace video, thank you.
@englishjames007
@englishjames007 2 жыл бұрын
Very interesting video. Keep up the good work. 👍
@BarryMakariou
@BarryMakariou 2 жыл бұрын
Well done for coming out with the info not easy to do in this day and age
@PaulLukeBonenfant
@PaulLukeBonenfant 2 жыл бұрын
I'm always sceptical when dealers are auctioning on BAT and other sites, this is pretty eye opening, thank you!
@Rascularvideos
@Rascularvideos 2 жыл бұрын
Great video this one. Really interesting.
@lapos1979
@lapos1979 2 жыл бұрын
I've been a car dealer for over 13 years. Just to be clear, lots of "good cars" wind up at auction. Circa 70% of cars enter the used market via auction. There is a hell of a lot of suspect cars that find their way there, but it's all about understanding the various vendors. You have to be careful with supercars, but i see plenty of good ones go through too, especially over the last 12 months where 'We buy any car' have been paying huge money for cars. BCA only put mechanical reports on cars under 8 years old, however, with supercars, they will often put an extended 128pnt report on older cars. This is where McLaren come in, as it's down to the vendor how cars are sold, E.G. 'with or without report' So Mclaren have chosen to sell this 'sold as seen'. But they are well within thier right to do so, that's the trade for you. Any dealer worth their salt knows not to touch a supercar without a report. If they do fancy the gamble, they will usually want to pay the right money to ensure margin for error. The problem is, as you rightly mentioned, SOME dealers will happily retail with all the mentioned faults and hope they fly under the radar. Track the car and see where it ends up, Motorhub certainly wouldn't surprise me!
@JayEmmOnCars
@JayEmmOnCars 2 жыл бұрын
The tragedy is this car is far too good for Motorhub!
@lapos1979
@lapos1979 2 жыл бұрын
@@JayEmmOnCars Most cars are!
@davepyne62
@davepyne62 2 жыл бұрын
Great Video James.
@TestTest-eb8jr
@TestTest-eb8jr 2 жыл бұрын
Excellent video!!
@lewiscampbell8973
@lewiscampbell8973 2 жыл бұрын
What this does show for certain is that you are a thoroughly good bloke 👍🏼
@boogboog8097
@boogboog8097 2 жыл бұрын
Very interesting I remember 25 years ago walk-through a bca lot and seeing some on the surface high end cars
@davidh4632
@davidh4632 2 жыл бұрын
Excellent content. Lack of supply is leading many car dealers getting stung, some prefer to buy from private sellers.
@cornishrider
@cornishrider 2 жыл бұрын
I like this monologue format, makes for good verify.
@fteoOpty64
@fteoOpty64 2 жыл бұрын
You would be absolutely right. Some customer is going to get bitten by this car from the final dealer. No dealer is going to spend more than 10k quid in repair, if there is not a buyer bidding for it.
@inamhassan2694
@inamhassan2694 Жыл бұрын
Im glad u highlighted this. Granted most people with some car knowledge or with their heads screwed on will know not to buy these kind of cars from auction...im more impressed the way u found out and are calling out BCA! This story had to be told. Well done pal
@ctblair4959
@ctblair4959 2 жыл бұрын
Great video, dealers getting out of a bad trade in at the auction seems to be how the motor trade goes round, stuffing it into each other and eventually filtering through, boiling down to a salesman screwing unsuspecting customers to get out of the bad buying decision made buy the boss at an auction, sticking a 3 month warranty on a car and hoping nobody looks too closely, after that, it’s too late, sad really.
@sonykroket3068
@sonykroket3068 2 жыл бұрын
Thank you for this
@philcliffe6909
@philcliffe6909 2 жыл бұрын
Fascinating story. I have never ever had a good experience with a car dealer, new or second hand. Its obvious Mclaren found out they have a lemon and it is now enjoying a game of musical chairs waiting for some poor schmuck to pick it up when the music stops.
@stu4181
@stu4181 2 жыл бұрын
I have to agree, the whole experience is arkward, funny as it likely prevents people changing their car more often!
@jonsmyth8353
@jonsmyth8353 2 жыл бұрын
Great video. Very informative. Another thing I think you could also highlight is cars which have been crashed, then repaired but does not show up on hpi checks etc as the original owner didn't claim on insurance. This surely is another loophole / scam to the unsuspecting buyer🤔
@alext2933
@alext2933 2 жыл бұрын
Very interesting content Jay.
@geirarnesen6531
@geirarnesen6531 2 жыл бұрын
A customer from hell! Mixing the cards, renegotiating and sulking if someone turn down your cutthroat offer and then hanging them out to dry on your channel.
@JayEmmOnCars
@JayEmmOnCars 2 жыл бұрын
So the better option was what, not buy it and let somebody else just walk into it without a clue what they were getting?
@geirarnesen6531
@geirarnesen6531 2 жыл бұрын
@@JayEmmOnCars It`s everybody`s own responsibility, when buying a used car, especially a Ferrari, to get an independent specialist inspection. And based on that make their decision. To pretend you are the saviour on a mission to protect all used cars only be sold in prestine condition is pure ludicrous.
@marknorton5951
@marknorton5951 2 жыл бұрын
It’s up to the eventual retail buyer to get a PPI and make a judgement as to what it is worth. Anybody else buying the car in the meantime should do so with their eyes open. By all means explain the workings of the auction market but don’t assume some sort of ownership just because you have spent a few hundred pounds.
@davecosford6658
@davecosford6658 2 жыл бұрын
Yes Jay. That is just how business works. Cars are sold for a reason and it's very rarely for good will or because it's perfect. Can you or anyone else on this chat put their hand on heart and say they never withheld some information about something (anything) they ever sold? The reason a retailer charges more is the margin in any rectification or warranty.
@L5GUK
@L5GUK 2 жыл бұрын
Selling to a dealer, or selling privately? Privately, I am as honest as I can be. Every little scratch is pointed out and made clear. To a dealer - well, they've made their own rod for their own back. They will squeeze every last drop out of you, especially if they suspect that you don't know too much about what it is your buying. They frequently do just the very shady things (collectively throughout the industry) that gives them their infamous reputation. So if that means I can only 'drop my car off in part ex in the dark' or I don't mention that it needs 4 new tyres or that there's a bit of a judder from the rear left then that's up to them. They should be doing a full inspection on the vehicle regardless - and it's not my perogative to assume otherwise.
@bencocker7487
@bencocker7487 2 жыл бұрын
@@L5GUK and you wonder why you think dealers try to squeeze as much out of you as possible? Because they have to consider the high risk of previous owners doing them over by not declaring any issues on part exchanges, which happens often. On top of this they have to pay huge overheads and eventually try and make some profit. They don't make as much as people think yet apparently they're all pirates.
@L5GUK
@L5GUK 2 жыл бұрын
@@bencocker7487 The reputation of a used car salesman didn't come from nowhere. Their overheads are not the problem of the customer. If they struggle with the cost of warranties then they should take more care to ensure the vehicles they sell are as they should be. If they can't afford to do that, then they can't afford to do business. That's simple capitalism at its purest.
@bencocker7487
@bencocker7487 2 жыл бұрын
@@L5GUK ok just gloss over my main point of you thinking it's morally acceptable to part exchange in your undeclared clapped out old car "because it's a business". Yet when you buy a car and a tyre pressure sensor goes off you'll label the dealer as scum. Used car preparation costs come from the dealers pockets, not warranties. You're the problem if you think that a highly complex machine is guaranteed to never go wrong if it's been prepared "as they should be".
@L5GUK
@L5GUK 2 жыл бұрын
@@bencocker7487 not sure where I said anything about a 'clapped out old car'. But carry on trying putting words in people's mouths. 👍
@matthewelliott2213
@matthewelliott2213 2 жыл бұрын
Hahaha--knew where this was going from under a minute. By the time, "I took it upon myself" and "I did some amateur sleuthing" I was laughing hysterically. Jay and dealers...lol
@JayEmmOnCars
@JayEmmOnCars 2 жыл бұрын
I know, it's like the Discovery Channel and the Nazis - we'd be nowhere without each other!
@matthewelliott2213
@matthewelliott2213 2 жыл бұрын
@@JayEmmOnCarsPlease visit America! If you're ever in Seattle, you've got a place to stay. I live next to the legend Roy Cats---best dealer in the world.
@russcooke5671
@russcooke5671 2 жыл бұрын
@@matthewelliott2213 thanks for the info I’ve just googled them and I must say. WOW. They have some beautiful cars. What a dealership. They must know there stuff back to front. If ever I am in Seattle I would love to visit. It’s like going into a car museum without having to pay 👌👌👌👌❤️❤️❤️❤️❤️😂😂😂
@matthewelliott2213
@matthewelliott2213 2 жыл бұрын
@@russcooke5671 In Roy's personal collection is one of the three manual Murci SV's in America, both of the brown Diablo SE's, Miura-S & SV examples...etc. He's a University of Washington alum and pre covid did a fund raiser car show every year at the school and broke out the 1:1's... God tier Lambo collection. True story--Roy has sold more Lambo's than anyone else in the world.
@russcooke5671
@russcooke5671 2 жыл бұрын
@@matthewelliott2213 thanks for the reply Matthew. I do love the Diablo. In my opinion it’s better looking then any other lambo Except of course the Miura. But if I could choose any one of them I think I would have the first Countach model before they put the big spoilers on it. Just my humble opinion. But my all time favourite would be an Aston Martin DB4. Series 1. Did you know the James Bond Aston DB5 is actually a DB 4. The DB5 was not ready yet so they used a modified DB4. Take care and stay safe mate 👌👌👌👌👌👌❤️
@sidewayssam
@sidewayssam 2 жыл бұрын
Having watched what goes through bca auctions on a weekly basis, it would blow most peoples mind... i have seen loads of 911 gt3 s go through, and even a gt2..but have quite a few Ferraris , mclarens,
@TheOllieowles
@TheOllieowles 2 жыл бұрын
Great video. Interesting.
@michaelsdiscusandatticaqua9155
@michaelsdiscusandatticaqua9155 2 жыл бұрын
You have become compulsive viewing James! Your videos are just brilliant. I’m Irish so our car availability and models are much the same, its great having “local” stuff and not just American content, Keep it up Michael
@KingBanter
@KingBanter 2 жыл бұрын
Except we have to pay nearly twice the money for the same car as our friends in the UK. Our government is doing its best to take the joy out of cars. They want us all on bicycles or in evs without the infrastructure
@michaelsdiscusandatticaqua9155
@michaelsdiscusandatticaqua9155 2 жыл бұрын
@@KingBanter 😂🤣 all so true 😂🤣 to run one of those cars for the usual 5 years talked just on car tax alone is €10,000 to €15,000. Then duty and purchase price it’s just not possible for the average person, even if reasonably high earner we can only hope for the entry level of the cars like 2.0 cayman etc. all we can do is watch I guess 🤷🏻‍♂️ I feel you pain
@KingBanter
@KingBanter 2 жыл бұрын
@@michaelsdiscusandatticaqua9155 Agree 💯% It’s an absolute joke🙄 They’d rob the milk out of your tea 🫖
@michaelsdiscusandatticaqua9155
@michaelsdiscusandatticaqua9155 2 жыл бұрын
@@KingBanter 😆 that’s a brilliant phrase 😆 milk out of your tea, haven’t heard that one before 😆 It’s a serious pain alright! I worked close to the border 20 years ago and the cars the lads in similar jobs as me had in ni was depressing! It’s so different!
@KingBanter
@KingBanter 2 жыл бұрын
@@michaelsdiscusandatticaqua9155 Absolutely! If u go to a car meet in the south , all the Lamborghinis , Ferraris mclarens etc are usually Yellow regs. A car that would cost £170,000 would be over 300k here
@tobynevitte554
@tobynevitte554 2 жыл бұрын
Thank you JM. i was very interested in buying the car and communicated with the previous owner to find out more of its flaws. It came down to being better to pay more for lower mileage/better condition/warranty etc, so also lost interest. Great video, thanks again
@zzhughesd
@zzhughesd 2 жыл бұрын
Thank god for JE. I’m a bca patron of seventeen years. Isn’t good. Next trader won’t know of woes likely sell mostly as is. Bad. And yes bca is close to an inner circle scam. Dealer to dealer independent do list semi honestly between each other Manheim and bca fall behind value less reports and yes. The Wild West of the car trade. B2B. You’ve summed this up so so well YE
@alastairhonaker1155
@alastairhonaker1155 2 жыл бұрын
Interesting stuff James
@tompackage
@tompackage 2 жыл бұрын
I work in the motor trade & know for a fact that stuff that goes to auction normally is too expensive for the dealer to put right or even worse has something stopping it from being fully warranted when sold such as prior accident damage that hasn’t been repaired correctly or irreversible engine tuning which most main dealer software will pick up & put a mark on the vehicles online identity which is permanent & thus prevents future warranty claims or the guarantee of the longevity of the vehicle.
@waynebelton5445
@waynebelton5445 2 жыл бұрын
Really enjoy these story video's.
@VeeLanger
@VeeLanger 2 жыл бұрын
I recently bought an ff from a private seller and was grateful for the honesty of the ferrari community and owners (in the US ateast). Have zero issues (I caused them all myself by draining the battery) but so thankful for the internet because I'd never have gotten intomy dream car confidently without them.
@airkingflyer3515
@airkingflyer3515 2 жыл бұрын
Kudos for doing the right thing 👍👍👍
@comeberza
@comeberza 2 жыл бұрын
Wild west would be the word. We have similar cases in Spain and some dealers even sell cars that have being involved in big accidents without disclosing information. Theres a company growing and their videos on instagram consist on particulars calling them to inspect cars they want to buy and some examples are mad like a ford focus rs that had being "clearly" (if you know were to look at) rolled over. I'm also very interested in the price of life in the UK, because I'd never have thought a channel like yours could run three!! ferraris. This would be unimaginable with a similar channel here. You are on your way to be theschmee, but with actual enjoyable videos
@swiper1818
@swiper1818 2 жыл бұрын
Very interesting video!
@neilturner6749
@neilturner6749 2 жыл бұрын
Cmon James, even a “nice” reputable dealer has an obligation to make as much money as they can whilst not selling anything unsafe, and it appears this vehicle is safe. It looks here as if McLaren have informed BCA about the cars “some work needed” status hence the 5 rating. BCA don’t do full inspections, so that low grade could only have come from information provided by the seller. Things like tyres and brake components and undertrays are wear and tear items and as for cooling and heated seats, they’re just minor details that have little or no impact on the cars value whether working or not.
@JayEmmOnCars
@JayEmmOnCars 2 жыл бұрын
McLaren themselves told me they gave BCA no information
@Spleen214
@Spleen214 2 жыл бұрын
A leaking shock absorber and worn bushes are safety critical items and a MOT failure last time I checked. Though your opinion of the seats is right in some ways, it’s wrong for a car the was pushed at 88k.
@71MWhite
@71MWhite 2 жыл бұрын
The Grade 5 rating was obvs designed to be red herring, but a very obvious one imo. Prospective owners thinking ‘crikey, a bit of polish and touching up and I’ve got a real profit here..’ BCA know what they are doing. Make it seem that it’s been moved on by a dealer who can’t be bothered or have time to correct the cosmetics, so grade it a 5 mainly for ‘bodywork issues’, hence it’s a steal…..isn’t it? 😣
@mattpitcher
@mattpitcher 2 жыл бұрын
BCA certainly DO offer full inspections. The Essential Check that this car had costs £9 and the “Approved Check” which is a full mechanical inspection and comes with warranty to cover anything that goes wrong that wasnt mentioned in the check, this costs £45. The vendor (in this case McLaren) decides which check to pay for.
@stu4181
@stu4181 2 жыл бұрын
@@mattpitcher 45 quid how do they do it so cheap?!
@geoffnorton9279
@geoffnorton9279 2 жыл бұрын
Brilliant. A great insight and warning for private buyers looking for a bargain at an auction. In truth, McLaren should have inspected the car thoroughly before accepting it as a trade in.
@simonalexandercritchley439
@simonalexandercritchley439 2 жыл бұрын
What a pandoras box, glad I am not in the market for cars like these.Keep up the good work James.
@olivercraddock
@olivercraddock 2 жыл бұрын
Superb video. You should do a follow up if and when the car comes back on the market!
@otacon5648
@otacon5648 2 жыл бұрын
Jay, the content lately (as always), 👌🏻 mmmwwaaahhhhhhhhh
@jmhofmeyr
@jmhofmeyr 2 жыл бұрын
Great vid. its sad because this car has a great story and would be fun fixing it up and using a higher mileage post press car, I feel its something special in the long run. If you manage to find more info on what happened PLS keep us posted and thx again.
@james_ross
@james_ross 2 жыл бұрын
Great video
@djm_852
@djm_852 2 жыл бұрын
Fair play for making the video and putting people on notice of the issues with a car. My own view though is that if it’s a trade auction why would the McLaren dealer have any responsibility to disclose any information? Sure, nobody will have any idea of the mechanicals from the BCA ‘appraisal’ but I’d expect any trade bidder to know that anyway.
@tonyosullivan2382
@tonyosullivan2382 2 жыл бұрын
Quality video 👌👏🤙
@MrPappa13
@MrPappa13 2 жыл бұрын
Excellent video James. Good luck with the hunting.
@jonathangillbanks3891
@jonathangillbanks3891 2 жыл бұрын
This has got to be the most effective “don’t ever buy an FF” video I’ve ever seen, lol. BCA shenanigans aside, it’s just given me a hair raising list of things that go wrong with them (the PTU being a real show stopper). Am actually a bit surprised as I though Ferrari was finally getting its QC act together
@Banglish123
@Banglish123 2 жыл бұрын
Regarding Copart you should take a look at Salvage Rebuilds UK recent Copart Lambo fiasco. More or less the same sort of level of underhand deceit. Another very well presented video Jay you really nail it here.
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