My white ’74 is for sale on this forum but I got a call yesterday from “Gateway Classics Cars” and they said they wanted my car for their showroom in Louisville, Ky. I’m only about an hour away from Louisville but personally have never heard of them. I’ve already had to deal with multiple car scams out of Las Vegas but GCC seems different, even though they’re basically a consignment business.
Some internet research came up with quite a few dissatisfied buyers, mainly due to having problems with the car after buying it and getting little or no help from GCC, but I can see that happening and think checking it out really good before buying is the buyers responsibility. Didn’t find much info. from sellers other than GCC wanting them to lower the price after awhile.
Thought I’d check in here to see if anyone has dealt with them and what you’re overall impression/experience was! Thanks
Yes can certainly do that but in addition to that I'd really like to hear from those that have used them. A marketing agent responded to my questions and all seemed pretty good except for one question. I asked what would happen if my car if it was damaged while it was with them, and I got this response.
"If the car is damaged in our possession, again a few things could happen. For one, if it is our fault, we will take care of it, in our 17 years we have never had a claim of damage to our cars. But, what you will see in our contract is that we aren’t liable for damages, but that’s only because we cant insure these vehicles because we do not own them. But as stated, we will take care of anything that may happen."
To me this sounds like legally they don't have to do anything but they say they will ... I'm my first thoughts are "right". That's why I'd really like to hear some personal stories.
The bottom line for me is I think I’d rather put my car up for auction on eBay than go with them … just sounds scary to me but I could be wrong. I did get some additional info., a copy of their contract and a list of where they will advertise your car.
Their minimum sales commission is $2,500 or 12% of the sales price, whichever is higher. After the sale you do get your agreed to $’s after you provide a good and clear title, which must be done within 72 hrs of being notified of the sale. Fail to meet any of their requirements and you could be looking at some hefty penalties.
If anyone is interested in seeing their contract or list of places they advertise their cars, just private email me. Thanks
I would try ebay. They use to have a local listing on ebay that was free. I sold a car that way. Its not an auction its like a buy it now.It only shows up to people that are local
That's interesting ... I've not heard of that but will check it out. I've sold '69 and '70 coupes a while ago. It always seemed hard to get people to respond to ads but each one sold with 1st person to show up ... so local sounds good. Thanks LT.
cool, Good Luck. I think they only run for a week or something like that
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