How much are car auction fees in the UK?
Cars – 5% of the sale price (subject to a minimum of £99 and a maximum of £250). Commercial Vehicles – £25 plus 10% of the sale price (subject to a minimum of £75). Classic Cars – 10% of the sale price. Your vehicle will usually make its best price in the first auction. Typically, but not always, dealer auctions sell vehicles for 10% to 20% less than private sellers and 15% to 30% lower than retail used car dealers. Keep in mind that used car prices are volatile due to pandemic-related supply chain issues affecting new cars and dealer profits.
Are cars cheaper at auction in the UK?
Car auctions are regularly used by independent traders and car dealers to acquire suitable stock to sell. When buying a car at auction, the price can be cheaper than purchasing in a private sale or from a dealership because you efficiently cut out the middleman. End of the Year (October to December) Auction yards have old stock, which they want to sell away and restock for fresh vehicles. So, during this time, car auction prices typically see a significant drop because sellers want to meet their annual sales target and get rid of last year’s stock.The best month to buy a car in India is March, as dealers offer maximum discounts to meet annual sales targets and clear old stock before the new financial year.December: December is arguably the best month to buy a car. Dealerships are trying to hit their year-end sales quotas, and salespeople are often more motivated to offer better deals to meet these targets. The closer you get to the end of the month, the better the deals tend to be.