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I'm amazed there aren't more messages on here about auctions. It certainly isn't an easy way of buying a car as you can have a lot of wasted trips. I can't imagine GTC (or any other dealership) paying retail money for their cars though.
I don't think that dealers pay too much for cars to keep private buyers out - if they do they aren't going to be in business long!
The best way to buy a bargain is to have a very open mind to your choice of car - if you want a 2007 525D in Mystic Blue with Sand Leather and Sat Nav you are bound to pay over the odds. If you'll go for any diesel 5 series there's a chance one will go a bit less than you expect.
The only thing I've noticed a fair bit recently is that several cars are sold and the hammer comes down yet they are back again in the same line next week. It's almost as though the auctioneer declares the car 'on sale' to encorage bidding even though he knows the reserve isn't met.
Go to any auction though and then look at the motoring section of your local paper a week later and you'll see nearly every dealer gets their cars from auction. So it makes sense to go yourself - the biggest snags however are very high private buyer's fees (£400 ish on a £10k car) and the fact it the gearbox blows up in the car park that's just tough luck!
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