Just thinking about when one has had a car on PCH (or even PCP) and returned it, whether it might be possible to track it down to some auction and buy it...

If one simply asked the lease company where they were sending it, would they just say "not telling"? If so, why?

I note that BCA do list the number plates of cars in forthcoming auctions, so it might be possible to create an Internet app to look for it...

What other auction houses might they use?

At the end of the PCH you can ask for a purchase price (usually their auction reserve or thereabouts) however they will only sell to someone other than the hire agreement holder, so you could get a friend or family member to buy for you. This will of course add another keeper to the V5.

When a friend of mine was about to return his company car he got me a price but it wasn't that good a deal at the time so I didn't bother.

Interesting. I got the impression that the price they'd quote you would be significantly higher than their auction reserve price.

However, I was thinking that if you just happened to be at the auction it ended up at (assuming that it went to an auction) they couldn't stop you buying it (for a lot less).

Of course that presumes that there isn't another nutter at the auction prepared to pay silly money for it.

 

By the way, what is "Freedom" doing on your image?

Edited 10 September, 201510 yr by thewinelake

Interesting. I got the impression that the price they'd quote you would be significantly higher than their auction reserve price.

However, I was thinking that if you just happened to be at the auction it ended up at (assuming that it went to an auction) they couldn't stop you buying it (for a lot less).

Of course that presumes that there isn't another nutter at the auction prepared to pay silly money for it.

 

By the way, what is "Freedom" doing on your image?

 

I'd not say significantly higher in my experience but I guess if you know the car's history then it's worth paying a little extra, as long as it's not retail money!!

You'll see Freedom on lots of people's posts, it means they're a paid member. It's only £12 for a year and helps support the site and gives you access to Freedom only areas and a free sticker!   Bit of a no brainer really.

If it's on VW Finance, a lot of them go to Aston Barclay. They've got a searchable catalogue, not sure about reg numbers. For an auction house, they're amazingly human, so maybe give them a ring?

The company I work for buy our company cars outright. At the end of three years they would sell it to anyone, and as you knew the history etc I had a couple for the wife. Until the tax man found out.

When HMRC were going through the company books they noted several of the company cars had been sold to employees for less than the book value. The tax man counted this as a BIK payment to the employee, who would then have to pay tax on the difference paid against the list price.

The simple get out was to buy it in the wife's name who isn't on the company payroll.

I didn't realise this could happen, but then again most company cars are lease cars, not owned by the company you work for.

 

Back to the original question, many vehicle auction companies advertise which companies they are selling cars from so check a few sites and see what comes up.