Print the value of index0
Nashville Power Sport Auction ripoff Legally ripped off my $13,000 1968 Pontiac LeMans for $5,000. Mount Juliet Tennessee
During the latter part of June, I placed my 1968 Pontiac LeMans on Classics and Customs web site to be sold for
$13,000.
The latter part of July, Joe with Nashville Power
Sport Auction telephoned me after seeing my Ad. He offered to sell my car for me and make me a sizable profit. I also spoke with Leon McGregor, sales manager and received assurance from him that the car looked great and that I would be completely satisfied with the price it would bring. He informed me the next sale would be held on August 12 and they sure would like to have it up there for sale on that date.
The cost of shipment of the car to Nashville was $950. Leon offered to pay $300 of that. I believed everything these two men told me--they seemed to be honest businessmen. On August 12, they sold my car for $5,000 minus expenses. My share was a mere $3,750!
I believe that I was taken advantage of, lied to, and throughly ripped-off!
Rex
Enterprise, Alabama
U.S.A.
1 Updates & Rebuttals
Leon
Mt Juliet,Tennessee,
U.S.A.
UNFORTUNATELY being THE LARGEST PUBLIC RETAIL AUCTION in the U.S. DOES NOT MEAN everyone will be sattisfied
#2REBUTTAL Individual responds
Sat, June 07, 2008
First of all I would strongly urge ALL SELLERS to research BOTH sides of this report.Please call with any and all questions concerning the PROS VS. CONS of the auction process.UNDER NO CIRCUMSTANCES will a seller be mislead or fed false information reguarding the sale and or process of the ultimate sales price at an open ended publuc auction ?For any seller to claim so would be completely misleading!Please understand the nature of our business due to the large volume of inventory sold 1-4 MILLION EVERY 30 DAYS!(Litterally thousands of SELLERS per year)It would be OBSURD to think that every seller would be satisfied with their sales price given the terms (no guaranteed final sales price)
Unfortunately due to this volume www.nashvillepowersportauction.com and the sellers EXPECTATIONS not always lining up with what the PUBLIC considers A FAIR PRICE .These situations will always arise.Again research the Largest auctions in the world for that matter the largest companies in the world and tell me that there have not been dissatisfied customers!If you really want to get technical given the amount of complaints reported vs. amount of sellers per 10 years in business we are talking like 1/10 of 1/8 of less than 1% of our sellers felt as if they were treated unfairly.When the truth of the matter is in most cases the asking price or expectations of the seller far out weigh the willingness of the buyers to pay said amount.Which again is not in our control.
Trust me when I say the MORE IT SELLS FOR THE MORE THE AUCTION MAKES if NPSA would benefit from a higher sales price than reports such as this one just dont add up.For example the man who filed this report failed to mention several details like he was asking above HIGH BOOK VALUE for a vehicle that collectors would consider not highly sought after .Furthurmore if you compared the actual sales price vs. NADA.COM or collector car market review this particular vehicle sold for low retail !Which may have fallen short of his EXPECTATIONS but is a far cry from being given away?If you know anyone who is willing to give 13k for a factory green plain jane lemans well let us know !!!!!!!!!!!!This was a clear example of a seller unsatisfied with the final sales price which was ultimately determined by the public NOT NPSA.
As mentioned before we want the inventory to sell for more hence the no reserve policy IT DOES PRODUCE MORE QUALIFIED BUERS PERIOD.CAUTION:When you bring an item to ANY auction you should look carefully at the current market for that type of item. Again folks come watch this sale call references do everything you can to better understand the good and the ugly at ANY auction .We DO NOT DETERMINE what someone will be willing to pay for your item !What we do is serve as a platform for buyers and sellers to come together once a month to buy and sell like items. Again this process works well when the seller has an item that that holds desire in the publics eye PERIOD .
Obviously some people fall short in that area but there are thousands of others who dont and you the seller can speak to some of them anytime just ask.Come watch !call references! you will see what realistic others see .An opportunity for you to place your item in front of thousands of BUYERS and hopefully with the HELP of NPSA we can achieve a sales price satisfactory to both the buyer and the seller !