24-05-2019, 03:22 PM
That's an expensive way to sell a car! Seller's commission probably 10-20% ( I hope you negotiated a favourable rate!) plus VAT; Buyer's Premium 18% inc. vat, so actually cheaper than most "High Street" auction rooms.
It looks a nice car, someone might want to pay, say, a max £7500, so they have to stop bidding at £6350. Seller then gets something between £4800 and £5600 approx, depending on the seller's commission rate, so about a third of the price paid ends up with the auctioneer and Vatman.
It looks a nice car, someone might want to pay, say, a max £7500, so they have to stop bidding at £6350. Seller then gets something between £4800 and £5600 approx, depending on the seller's commission rate, so about a third of the price paid ends up with the auctioneer and Vatman.