How It Works
The Perfect Spec: A Guide to Buying and Selling For The Enthusiast
For discerning collectors seeking to buy or sell exceptional modern enthusiast cars, The Perfect Spec offers a refreshing alternative to traditional auction houses and online marketplaces. We specialize in enthusiast and collector vehicles. Our platform is designed to provide a transparent, efficient, and a community-focused experience for collectors like you.
In addition, we merge classified listings to the platform allowing interested buyers to peruse listings from sellers that don’t wish to participate in the auction process. This takes the “timer” off the transaction so the two parties can communicate at their leisure to discuss the details of the vehicle and any in-person visits or inspections they may want to perform.
Buying on The Perfect Spec: A Collector’s Perspective
Curated Selection: Our focus on modern classics means you’ll find a carefully selected inventory of vehicles that meet the standards of discerning collectors. We understand the nuances of this era, from specific trim levels to rare options and documented provenance.
Transparent Fees: We believe in transparency. Buyers pay a 4.5% fee on top of the winning bid, with a minimum of $250 and a maximum of $5,000. This is significantly lower than many traditional auction houses, allowing you to allocate more of your budget to the car itself.
Comprehensive Vehicle Information: Every listing includes a free vehicle history report, providing crucial insights into the car’s past. We encourage sellers to provide detailed documentation, including service records, ownership history, and any restoration work. You can also directly contact the seller through the platform to ask specific questions, request additional photos, or even arrange a pre-purchase inspection by a trusted specialist.
Streamlined Bidding: Our user-friendly platform makes bidding straightforward. You can track auctions, set maximum bids, and receive notifications when you’ve been outbid. A hold will be placed on your credit card for the buyer’s fee when you place a bid, ensuring a smooth transaction process. Remember, all bids are binding, so only bid if you are prepared to complete the purchase.
Secure Transactions: The Perfect Spec recommends KeySavvy, which provides a secure escrow-like service for funds transfer. Alternatively, you can coordinate payment directly with the seller, but we recommend using KeySavvy for added protection on private party transactions. We are here to assist with any questions or issues during the transaction.
The Selling Process, Simplified:
Submission: Provide detailed information about your car, including photos and a comprehensive description.
Listing Preparation: Work with our team to finalize your listing, ensuring accuracy and highlighting key features.
Auction Launch: Your auction will be scheduled and promoted to our community of collectors.
Auction Participation: Engage with potential buyers, answer questions, and provide additional information as needed.
Sale Completion: Finalize the sale with the Buyer within 5 business days.
The Buying Process, Step-by-Step:
Registration: Create an account with a valid credit card and phone number. This verifies your identity and allows you to participate in auctions.
Due Diligence: Thoroughly examine the listing, including the vehicle history report, photos, and any seller-provided documentation. Contact the seller with specific questions. Consider a professional pre-purchase inspection.
Financial Planning: Secure financing if needed and have a clear budget in mind before bidding.
Bidding: Place your bids confidently, keeping in mind the reserve price (if any) and your own budget.
Winning: If your bid is the highest and meets the reserve, you’ve won!
Payment and Completion: Finalize the purchase using KeySavvy or arrange direct payment with the seller within 5 business days.
Listing on The Perfect Spec: Showcasing Your Collection
Free Listing Submissions: Listing your car is completely free. Simply submit the required information, including detailed photos and a comprehensive description highlighting the car’s unique features, history, and condition.
Expert Curation: Our team of automotive enthusiasts reviews each submission to ensure it aligns with our focus on quality and collectibility. We’ll work with you to refine your listing and present your car in the best possible light.
Targeted Audience: Your listing will be seen by a highly engaged audience of collectors who are actively seeking modern classics.
Transparent Process: We provide clear communication throughout the auction process, keeping you informed of bids and activity on your listing.
Seller Engagement: We encourage active participation from sellers during the auction. Responding promptly to questions, providing additional photos or videos, and engaging with potential buyers can significantly impact the final sale price.
Secure Transactions: Use The Perfect Spec SafePay for secure payment processing, or coordinate payment directly with the buyer.
Post-Auction Procedures:
Communication: Buyers and sellers should communicate promptly after the auction concludes to coordinate payment, shipping, and title transfer.
Documentation: Sellers should provide all necessary documentation, including the title, service records, and any other relevant paperwork.
Shipping: Buyers are responsible for arranging shipping, although we can provide resources and recommendations.
Community Sharing: Share your success story with The Perfect Spec community!
The Perfect Spec is more than just an auction platform; it’s a community of collectors united by a passion for modern classics. We strive to provide a seamless and transparent experience for both buyers and sellers, ensuring that every transaction is conducted with integrity and professionalism.
