Selling Your Classic Car? Bring a Trailer Reviews
The classic car selling landscape has transformed dramatically over the past decade with the rise of online auction platforms. These websites promise sellers higher visibility, competitive bidding, and potentially record-breaking prices for their cherished vehicles. While these digital marketplaces have certainly created new opportunities for connecting buyers and sellers, the reality of the auction experience often falls short of the glossy promises in their marketing materials.
Are you looking to sell a classic Porsche, Ferrari, Mercedes, Jaguar, or any of the car makers listed (HERE)?
As classic car owners consider their options for selling vehicles, it’s essential to look beyond the surface-level appeal of auction platforms and examine the complete selling experience—including fees, timelines, success rates, and the very real stress that comes with auction uncertainty. Many sellers discover too late that what seemed like a straightforward path to maximizing value becomes a months-long journey filled with hidden costs, administrative burdens, and no guarantee of success.
This comprehensive review examines the actual seller experience across major online auction platforms compared to working with a motivated professional buyer like Alex Manos. We’ll analyze not just the potential final sale prices, but the entire process from initial decision to final payment—revealing why many sellers ultimately find that having a professional bring a trailer directly to their location results in a more favorable overall outcome, both financially and emotionally.
Before listing your classic Porsche, Ferrari, Mercedes, or Jaguar on an online auction site, consider the complete picture—the guaranteed vs. speculative nature of the transaction, the true timeline to completion, the actual fees that will reduce your proceeds, and the value of your time and peace of mind throughout the process.
Let’s examine why the seemingly simple promise of “highest bidder wins” often disguises a complicated reality that leaves many sellers wishing they’d chosen a more direct path.
Hidden Costs Selling Through Auctions?
While online auction platforms have grown in popularity, many sellers discover too late that what seemed like a straightforward process comes with significant hidden costs, risks, and frustrations. Before deciding where to sell your classic car, it’s essential to understand the full picture of what auction selling really entails—and why having Alex Manos bring a trailer directly to you often proves to be the wiser choice.
Fee Structures and Commissions: The True Cost of Auction Sales
Auction platforms market themselves on the potential for competitive bidding to drive up prices. What they typically downplay are the substantial fees that will ultimately reduce your actual takeaway amount. Breaking Down the Typical Auction Fee Structure:
Listing Fees:
Most major auction sites charge an upfront fee simply to list your vehicle, typically ranging from $500 to $1,000 or more depending on your vehicle’s estimated value. This fee is usually non-refundable, even if your vehicle fails to sell.
Seller’s Commission:
The most substantial reduction comes from the seller’s commission—a percentage of the final sale price that goes directly to the auction platform. These commissions typically range from 5% to 10% of the winning bid. On a $100,000 classic Porsche, that translates to $5,000-$10,000 taken from your proceeds.
Photography Requirements:
Many auction platforms require professional photography packages that can cost $300-$700. While quality photos are important, this becomes another out-of-pocket expense before you’ve made a single dollar.
Reserve Price Fees:
Setting a reserve price (the minimum amount you’re willing to accept) often incurs an additional fee, typically $500 or more. Some platforms even charge escalating fees based on how high you set your reserve.
Document Verification Fees:
Some auctions charge fees for verifying documentation and history, adding another $100-$300 to your costs.
“I was stunned when I saw the final statement after selling my Mercedes 280SL through an auction,” says Thomas W. from Connecticut. “Between the various fees and commissions, nearly 12% of the sale price disappeared. Had I known, I would have accepted Alex’s offer and had him bring a trailer instead.”
No Guarantee of Sale: When Auctions Fail
Perhaps the most significant risk of auction platforms is the very real possibility that your vehicle won’t sell at all. This scenario is far more common than most sellers realize.
Understanding Reserve Not Met (RNM) Statistics
Industry data suggests that approximately 25-30% of classic cars listed on major auction platforms fail to meet their reserve prices. This means that after investing weeks of time and hundreds or thousands in fees, roughly one in four sellers ends up exactly where they started—still owning the car they wanted to sell, but with less money in their pocket.
For certain makes, models, or condition levels, the statistics are even less favorable. Cars requiring restoration or with limited market appeal can see RNM rates exceeding 40%.
Failed Auctions
When your auction listing ends without a sale:
1. Sunk costs remain unrecovered
The listing fees, photography expenses, and time invested are typically non-refundable.
2. Market perception is damaged
A publicly failed auction creates a record that future buyers can discover, potentially weakening your negotiating position for future sales.
3. Relisting fees compound costs
If you choose to try again, you’ll often face additional relisting fees, creating a cycle of escalating expenses.
4. Value perception shifts
The classic car market often perceives vehicles that fail at auction as less desirable, potentially impacting future valuation.
Why Not Sell Immediately? The most immediate benefit of working with a serious classic car buyer is exactly that—immediacy. When you accept my offer on your classic car, you’ll receive payment the same day I bring a trailer to pick it up. This stands in stark contrast to the auction process, where weeks or even months can pass before you see any money.
When Alex Manos brings his trailer:
Step 1: Submit information about your classic car
Step 2: Receive an offer
Step 3: Schedule pickup & receive complete payment
When selling through an auction site:
Step 1: Prepare extensive documentation and photography
Step 2: Submit listing and await approval
Step 3: Listing active, answering potential buyer questions
Step 4 Auction concludes (if reserve is met)
*Weeks 6-8: Payment processing and transfer arrangements
Time Investment Required: The Hidden Cost of Your Attention
Beyond direct financial costs, auction selling demands a substantial investment of your time and attention—a factor many sellers significantly underestimate.
The Full Timeline of Auction Selling
Preparation Phase (1-2 weeks):
– Gathering comprehensive documentation and service records
– Cleaning and detailing the vehicle to photographic standards
– Addressing minor cosmetic and mechanical issues
– Researching comparable sales to set appropriate reserve
Listing Phase (1-2 weeks):
– Writing detailed vehicle descriptions
– Coordinating professional photography
– Submitting materials and awaiting approval
– Making corrections requested by the auction platform
Active Auction Period (1-2 weeks):
– Responding to numerous buyer questions (often dozens or more)
– Providing additional photos or videos as requested
– Monitoring bidding activity and considering reserve adjustments
– Managing showing requests from serious bidders
Post-Auction Phase (1-3 weeks if successful):
– Negotiating with highest bidder if reserve wasn’t met
– Coordinating payment collection and verification
– Managing title transfer and documentation
– Arranging transportation logistics
All told, successfully selling a classic car through auction typically requires 4-9 weeks of active involvement and dozens of hours of personal attention.
The Opportunity Cost?
Beyond just the time spent, there’s the matter of opportunity cost—what else could you have done with those hours? Whether it’s focusing on your business, spending time with family, or working on other projects, these lost opportunities represent real value.
Some Recent Reviews:
“Selling my Ferrari to Alex was the easiest transaction I have ever done. He made it so easy all over the phone. He had transportation come and pick up the Ferrari, paperwork was extremely easy. Alex is the best!”
“Alex is a pleasure to work with: low-pressure but wants make a deal, and very responsive. Within minutes of emailing him about the 1996 Porsche 993 I had for sale, he responded. He gave me a firm offer very quickly but also let me think about it for a few days while I shopped my car to other potential buyers. Eventually, I determined that his offer met my needs best, and we came to a deal and completed the transfer of funds, paperwork, and pickup of the car within a few days. Everything was super-smooth and straightforward, and I hope to do business with him again some day.”
“Every thing went smooth. It was a good deal for both of us.”
“Alex and his employees made it easy to sell our rare car. They responded quickly and worked efficiently!”
“I contacted AlexManos.com at the suggestion of a friend, who had a Rolls Royce he wanted to sell. It was obvious from the start that Alex knew this market like the back of his hand. He quickly assessed my friend’s need, then referred me to Jarrod Roberts. Jarrod was likewise very professional, knowledgeable and prompt. My friend’s car sold within a day!! It was a pleasure dealing with the professional staff at AlexManos.com. 5-Stars!”
“It was a very smooth transaction. Alex did what he said he would do. You can’t ask for anything more than that.”
“Valarie was most supportive and helpful in taking me thru the process of selling my 1984 Mercedes Benz. I found her to be very professional, straightforward and upfront with me. From the time I called and Tina took my initial call Valarie was there to answer any questions I had and the transaction ran smoothly. Her help was greatly appreciated.”
“Working with Alex was smoother than I thought it would be. I was in Florida and the transaction went extremely professional. I sent pics, video and maintenance records and I got a deal done within a day. Alex’s staff was also easy to work with.”
We Buy Any Condition, Nationwide.
My name is Alex Manos, my team and I buy European & American classic cars and we’d love to talk about selling your classic car today!
Phone: 877-912-0007
