I had a car loan as a young man in the late 1980s, everything was fine until I was made redundant. It made me feel so financially exposed at the time. Fortunately I managed to find other work. But I learnt a valuable lesson and vowed never to buy a car on finance ever again. I kept to my word, one of the best decisions In hindsight for me. Obviously everyone’s situation is different. Great vlog btw 👍🏻😎

I’ve said this to my friends and family for 18 months…..a car finance crash is coming like the housing crisis of 2008. So many 20ish year old kids in 40k+ cars living beyond their means and every beige household leasing a Range Rover.

I was an Inspector for BCA, 13 years service. Voluntary redundancy 4 years ago. I hear they're in talks for further redundancies. I prefer my new job, Retirement. 😉

Interesting change Joe. Enjoyed it. I had the same 'nostalgic' feeling re. a couple of my ex wives but lost out, thank God. They were probably due a service as well. 😂 Anyway your subs have shot up this week. Good news. Keep up your good work. All the best.

I had one. 2008, 2.7 and a Premium Luxury which was specced up. 3 yrs old and bought from Jaguar with, thank the Lord, an extended warranty. My plan was to keep it for a long time. Over 2 yrs, it had over £10k of warranty repairs (all catalogued) and then the engine ate itself just weeks out of warranty. Jaguar wanted over £10k for a new engine and probably more for both turbo’s but the car was that stressful to me that I sold it for scrap. I’ve owned other Jaguar’s and Land Rover’s and from my experience, I always advise people to…….. …..Never, Ever buy a JLR. The product is abysmal and the dealers are conmen.

I really enjoyed the virtual auction footage Joe, it was something different, and interesting. It’s a pity you didn’t win the Jaguar back, however it’s best to be sensible when bidding at auction. As always great video❤.

Good fun watching. Reminded me of when I am outbid on eBay and then I reassure myself that I was only in it to raise the price for the winning punter

Wet true… Also a concern … the families forced into debt forced to borrow to buy CAZ & ULEZ compliant vehicles .. taking unaffordable loans

Great video, super interesting. Love this background dealer life type videos. Thanks for making it 👍

I remember when the E46 3 series came out ~1998, my friend had a new business and got a new 325d on a lease with BMW finance.The company went bust and stopped paying the lease and BMW finance just left it on his drive for 18 months with moss and algae growing on it until the lease was up. I don't think they had invented repossesion then!

I would say the owner went in over his head, realised down the line he had stretched too far & wanted to bail out finding any way he could. Repo being the last option.

Great interesting video Joe ! 👏👍

My bet is that he just couldn’t afford the finance and running costs!

We like you Joe! Crystal clear , compelling integrity …. Best wishes.

We had a wholesale motorbike business in the USA we ran over 100 units a month thru the workshop and bought about 70% thru auctions, we used to mark all our bikes in a certain way and we used to get at least 12 to 20 units a month come thru auction that were repos we had had thru our shop before and some more than once!

Hi, Yes Joe good man. I would have too buy it back if the price is right lol. I hate bidding on the Internet. Wow that was away too much money for it with no MOT, I hate when this happens but good Choice to back off, nice one 😅😅 🇨🇮🇨🇮

His credit rating couldn't have been all that by being a customer with moneybarn hence they normally deal with people who as a low credit score..

Flipping cars can be a crazy 😜 thing, love the content as always

Good video, i reckon there is going to be a mass of snatchbacks soon when those posers realise they have no money the cars are going to be whisked away, so get the mouse button lubed and ready your gonna grab some right deals..

A nice insight into the finance repos at BCA Joe. Sometimes, it is better to move on and get the stuff that moves on quickly with a good return. Best tell Toby to have a look at DVLA registrations, but nothing under £250!

Great video and content. Gutted you missed out on the car. I was enjoying a mug of tea with my Berrow Motors mug as it arrived today.

Great vid mate!👍🏻

Very interesting video looking forward to seeing the next 👍

Great content Super Joe 🦸‍♂️👏🏻 Really enjoyed the auction bidding side of it and at that price you defo dodged a bullet on that Jag...👍🏻👏🏻🦸‍♂️😍

The fault with daytime running light etc could be down to water in junction box - a common issue on the XF. You may have dodged a bullet as the repair cost is pretty high.

Just done a Vehicle check on the number J14 TBY, it is still on a white Jaguar, and was MOT'd on 14/11/23. Looks to me that the new owner did get the number plate.

I think there’s going to be an oversupply of newer cars soon as people abandon their 2 car pcps and go back to buying cars from dealers like yourselves. My neighbour has over a Grand a month going out on his two cars. A honda crv and bmw 420. His mortgage is over a grand, double income no kids but he was saying why tf paying that much for 2 cars to get to work? I have lived in my current house 2 yrs and since I’ve been in this cul de sac of maybe 40 houses, I’ve only seen one car change - a dacia duster for a new dacia duster. Most people have tidy cars but far from new but clearly looked after. I like to buy my cars around 60k around 10 yrs old and keep until uneconomical repair. The highest miler I had was a vw transporter 2.4d with 335k on it. Was rotting off its chassis and still sold it. Mechanically was fine, non turbo, mechanical fuel pump. Only heater plugs replaced. Haven’t had a diesel since 1984. I look after my own and 3 daughters cars. All very high mileage 2007-2010 serviced every year by me. Bought a basic code reader which I have reset eml a couple of times. I think cars can do 150-200k before they may need too much money spending and cars in the uk are/were a status symbol. When i lived in Spain for 2 years, 13:08 cars are for a function in the main and although flash cars in the cities, in the more rural areas lots of old Citroens, fiats and Renaults. I have curiously looked at their mileages sometimes as old fashioned speedos and many done 300k kilometres. My neighbour was a Spanish taxi driver and he said his company only ran Citroens ( picassos) and were kept to 500k kilometres then exported to morrocco or Algeria for further abuse. He hated vw audi skoda diesels that he said were very expensive to repair. I foresee berrow motors and others that are really genuine being a runaway success. Who wants to buy a car at click of a mouse. You and your staff Are doing the industry of smaller dealers a massive power of good and creating trust, which is much needed. Your channel is bloody superb mate

That was a really well put together video, thank you. I am not to sure there is going to be a crash but I agree that some people are really stupid. 😮

Well done!!! I found that truly entertaining and informative 👍

Love your channel, Honest dealer like chops garage, and really like watching the live auction videos more please x

This was an enjoyable video. I want to watch more of these.

That will be back through in a few days time, mark my words.....

Interesting behind the scenes video . Subscribed 👍

Thanks Joe😊

‘I can’t imagine it’s done much for his creditworthiness 😂😂😂. I had to laugh at that.

Looks to me as a layman the buying situation in the UK (I live in Australia) is fraught with a load of problems especially with finance I myself have nearly always financed my cars through my banking institution and have found the are more accommodating than a finance company.

Sadly people are living well beyond their means. Just see X amount for the finance but don’t factor in the extra costs of owning a car like a Jag. So much of that going on.

I think that one worked out for the best Joe👍🏻

There will be lots more of this over the coming months. People have got lazy and comfortable and borrowed on cheap credit ironically thinking it makes them look posh or rich . Then when interest rates go up they look like a fool on the hill with a vehicle they cannot afford to run. The bubble has burst.

I think I have the third cheapest car at work out of about 60 people, loads of them are on £400+ finance payments for cars they'll never own, earning 30k, just mental.

Hi not sure if I missed it in the video but could you tell Mr the name of the site you was looking at wen bidding on the cars please? And how often is there auctions on like that, thanks 😊

Not a lot of tlc for the car from the guy you sold it to. Can’t imagine it was looked after, probably ran it on cooking oil. i did enjoy your video good presentation👍🏻

Downgraded from an a class… then tried to back this one. Clearly struggling financially before he bought the car

awwww maaan! Gutted ya day get it Joe! 😆 Oh well, plenty more fish in the sea! 🖖 Good luck with all your bidding!

Interesting and honest video.

Hi mate keep up the good work, it's brilliant show . Joe in trying to download the car checker app but for some reason this won't download at all, any advice please

also finance company will now chase him for the remaining cost he owes after car is sold i dont understand he might aswell just of traded it in rather then is credit affected and debt collectors be after him

Great insight Thanks

It will be back in next weeks auction, that was a wall bid (which they never do honest guv)

I was thinking about buying one should I not bother? are they problematic as long as they had the service at high mileage cam chain and water pump I think needs doing is there much else i should look out for goes wrong with them ? I was looking at the xe xf or xj I want a diesel I was looking at the V6 I can do the mechanics to certain extent as long as I don't need to remove the engine

You read Toby I read Tubby ! 😉 So , no great loss ....

Serious question 🤔 What would you do if the same bloke walked in saying he wanted to buy the car ?

My sister is trying to reject her car via the finance company for water leaking onto the back seats . Its been in for a repair once which didn't work . Im not sure of her chances 🤷

I miss the days when Joe Public could buy at auction.

Used to work for a car finance company an Christ mb customers were paying nearly 50-65% interest no wonder he wanted out

Going from an A class to that ain’t a downgrade imo 😂

Great video!

I did the same in the past bought a Repo car back but however the original owner still had one key for the car and We found the car the next day a mile down the road all smashed up with no lock damage.

I bought a Peugeot partner tepee, and It broke down 2 weeks later, then the paint starting peeling off the front bumper. Then the timing belt and steering went funny, the middle console wasn’t working. The front wheel had been smashed and realised it was a accident car on the front passenger side. I had it looked at by dectra, ECU problem, and the Cambelt and van belt problem. The front steering wasn’t right and making horrid noise. The front passenger spring had compressed and turned, hitting the inner body work. It spent 2 months at the garage and checked by another garage and passed it off. They just tightened the van belt. I have told the finance company i want a refund. I have also recently sent it to Peugeot and there are loads more wrong with it. What do you think? They had many chances to put it right, and now the mot has just ran out. I have only driven 1300 miles in 9 month and 4 of that wait was in the garage being sort of fixed. I was lied to that the springs were changed but they were not. Total joke Cars DIrect in Peterborough! I wouldn’t by a coffee from them. I’m still waiting,

I worked for bca picking up cars and doing checks on them and money barn was the worst haha they didn’t want to know much information from you so doesn’t surprise me there reports are full of red warnings but I can assure you sometimes the driver like me just miss some things because we want to get on the road again

Fundamental question> Who on earth wants a Jaguar - especially a diesel?

From A-Class Mercedes to white Jaguar XF… You know exactly what sort of character he is!

Quick question, what does cap clean mean.

Enjoyed that one.

I bought a focus rs repo outta Mannheim’s , looking today the same cars circa 26 grand on eBay and auto trader , I paid £18.2k out the door

How else do we buy cars I am locked in 300 a month for 6 years I feel cheated yet I need the car

Well Big J sorry to say but I'm hoping you have had some calamities in this video to make me feel better. Just found out today 2 vehicles I've bought have now got catastrophic engine failure. On top of that our sprinter truck I've had to abandon because everytime I set off it throws the hand brake on. Yeah it's as dangerous as it sounds. On the plus I've got my e92 m3 on the road now but no doubt that's gonna be a hard sell this time of year? Not many ppl spending 24k on a 15 year old V8 lol. If you've ever watched matt from high peak and his weekly failures... that's basically everyday of my life 😅

Fiesta st 2007. My little tank! Basically worthless. I'll never sell it! 170£ service, new battery? 50£. Flies its MOT every year. Get primitive guys, it's waaaay worth it.

Never heard of Money Barn before, but looking at their site they charge 35.5% APR. Seriously what sort of an idiot would take out finance at that sort of rate?

Cars are so cheap in the UK! No wonder they get shipped to Europe for parting out! We have a place in Estonia that imports BMWs from the UK. The issue is they only have RHD steering parts for sale😃

The satisfaction of getting back at Toby is worth 1000 at least. You should have bought

As I discovered once, you can't take a private plate off your car if your car hasn't got an mot

Maybe sometime who subscribes to the channel bought it as they too recognised it and knew the back story LOL. I'd have charged the full £250 for the plate, Toby or no Toby 😂

I'm glad you didn't get it. It's cursed, cursed I tells ya!

I work in the repossession industry, we concentrate on cars, caravans and trailers mostly and business is on the up for us, I have worked overtime every weekend for most of this year and my boss hates paying overtime. What I have noticed is that there is a boom of cars being handed back voluntarily with keys and this is often bad news. Typically this will mean there is an expensive fault and so many cars handed back with keys have head gaskets or transmission problems. Last week we picked up a nice AMG, all looked great, but it was stuck in gear, we went through the car and found Mercedes paperwork with a £12.5k estimate for repair. Be very careful out there because these cars will likely end up in auction.

As soon as you mentioned MoneyBarn, I though you missed a bullet there. 😳

People like the owner of the Jag know how to play the system, they're just messers and cause a lot of grief/hassle.

This owner just did a clumsy reverse onto a kerb stone and bent his exhaust tail end. Been there etc etc... Not replacing that tail pipe/box has cost him an awful lot of money.

Legion has it Toby outbid you just to get his plates back 😂

I'd watch the electrical isaues on that, could be related to a battery being jumped/disconnected or reconnected in the wrong way. The X250's a bitch like that.

Ive never heard much Good about money barn I take it they are a sub prime lender that just take on high risk customers at ridiculous apr

He's covered by the consumer rights act of 2015 and his contract is with the finance company as that's who he pays. If he returns the car then he has to have good reason as long as he can prove the fault with the car aren't his doing. It would be a long winded process for him though.

I've had a quick count up , there are more people wanting Gonorrhea than want a Jag.

I miss my days out at BCA auctions…..

They go literally all the time on that …. Literally just the rubber hanger - few quid! 20 seconds work … this industry is in such a mess

How do/can you reject a car to a finance company after 9 months? , how are they liable either?

Don’t overspend on it like HPA

I'm trying to pay my 300 quid a month for my 2018 civic.... lease april 2023 to 2027.... managing despite having a stroke and not being able to work.... fully serviced at main dealer and hardly driven. Don't know if I will ever driven again

Always worries me when you do an auction video that the comments are going to be full of comments about 'HRH Lee' 😂 Do you know him 🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️😂

Looks a lovely car Joe - worth buying I feel

I know I'm. few months behind but I read. them as they pop up on my page. There are many people out there who buy cars on finance far beyond their means just to show some flash to the neighbours. Hey, look how I'm doing. But after a few months life becomes a struggle with those finance payments so they try any excuse and finally when backed against a wall stop paying and the car gets repossessed, As you say it does nothing for your credit rating and I doubt he will be able to get finance for some time.

Nice story !

I had a company car and notice its still not Taxed or Mote'd a year later after i gave it back. strange

Could not agree more. So many have finance on cars, bikes and phones! Big crash coming

Hello there. I'm new to this great channel. I was wondering, is it common for a used car dealer to have a load for a car? This dealer told me all used car dealers do this. Is that true? Thumbs up

This is why I buy for cash up front and never have credit.

Some people. What a way to go on.

Tax expired 12 Oct…

I sore this coming 1 year ago car finance crash 2024/25 ☹️ it’s all very well driving around in flash car unfortunately living beyond your means can have horrible ending.

Do not worry you will have plenty of choice, the finance bubble is bursting