In my case, I was asked by quotes if I want to accept the highest bid? Quotes told me that three parties will be present during the transaction. The seller (me), the buyer (dealer/bidder) and neutral party (quotes).
When it came time to pay up, only the dealer was present. From the $1800 bid, the dealer only wanted to pay me about $700. I asked, where is the neutral party? Dealer told me he is not coming. I became suspicious that there is no 3rd party. Dealer and 3rd are one and the same. "This is just my suspicion!!"
Long story short, I told them to take a hike. I finally disposed of my car at $1000 with a dealer that had placed fliers on my car several months prior.
I believe the Quotes you are referring to here is not sgCarMart Quotz as we do not arrange for 3 parties to be present during the transaction. Once the seller accepts the offer, we will get the dealer to contact the seller directly. You might be referring to another vendor in the market whom we understand does that. However, if you are sure that it is us, please provide us with the contact person and the dealer's company and we will investigate further into this issue.
In sgCarMart Quotz, we do help to check prices for scrap and export vehicles. The price we offered for scrap and export is generally fixed, unless the seller did not declare major mechanical issues such as engine or gearbox problems. We do not believe in wasting both the buyer and seller's time in negotiating after viewing the vehicle as profit margin for scrap cars are not high for the dealers. Thus, when we help sellers find prices for their car bodies, we make sure the dealers are offering genuine prices and not marked up.
Lastly, we agree that sellers should get a few quotes so as to understand the real value of their vehicles. If there is a dealer who offers a ridiculously high price for your vehicle, you should be weary as that might be a marked up price or even a trickster. Normally, car dealers will offer a higher price when you ask them over the phone as they will normally quote based on almost perfect condition unless you tell them all the defects on your vehicle. Hence, the dealers are not being dishonourable or trying to cheat you. There were many instances that we experienced where car sellers tricked car dealers into buying their faulty cars. Thus, after all these lessons learnt, the dealers have no choice but to be more careful when purchasing cars.
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