Hello,
I thought I will share my experience with today's Turner's Car Auction in Penrose.
It was the first time I attended a car auction, and it was actually just to get a feel for a car auction, although I have had a look at some cars on the Internet catalog (www.turners.co.nz).
To find the cars in the big hall is quite an easy task, as everything is well organized. Since I did not want to get into temptation of bidding, I also did not register.
Some cars have the pre-auction test results displayed, some don't. I have actually just had a look at cars that were pre-checked (all had the result N), although I do not know how accurate the results can be, especially since they have a vehicle inspection station on site, which was not very busy though.
At 12.00pm the auction started. It was quite hard to follow the first couple of cars, since I was not familiar with the procedure.
In general, I think they start at a certain price. I want to take a Mazda, which I have had a look at, as an example (Ref. Number at Turners 740028)
On the website they expect a price of around 6.000 - 7.900. I think the auction started at 6500. Then he went down to 6000. Still no bidders, which made him come down to 5300, where the first bidder raised his hand. The bids went up to 5800, when the auction was ended. However, I do not think that the car was sold, since the green "Getting Close" did not flash. Neither did obviously the blue "Selling Now" sign. I could not figure out at what stage the Getting Close Sign, and at what stage the Selling Now sign will be activated. I guess, as a seller you give them a minimum selling price. Once the auction was over, they usually close with the words "We will negotiate", however, I do not know if you are obliged to negotiate.
Once the "Selling Now" is on, and you win the auction, a Turners employee will come right away, and take you to the payment office.
I do not know, if you can take the car right away with you, and if they issue license plates right away in the payment office. I think they should, as you usually pay the on road fee of 395 (in addition to the buyers fee of usually 305 in the mid-car market). So on every offer you need to add another 700 on top. So if you think you bought a car for 6000, you will actually pay 6700. I also do not know, if there is some kind of warranty along with it. Buy Now cars do have a 6 month motor breakdown insurance.
Hope this could give a little insight into Turners. I think I will be back on Sat. - This time however, with some cash in my pocket :-) The cars in general look very good, polished, etc. I guess there is always a certain risk, but I think the risk at Turners might be lower than at Ellerslie Car Fair. Maybe I am wrong though, and somebody can share their experience.


