maybe not a hot deal but maybe some good deals. looks like a ton of snap on stuff.
http://gaauction.com/event/wyotech-fremont/
http://gaauction.com/event/wyotech-fremont/
wyotech auction.
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66354dream
Well-known member
that is a HECK of a lot of money!!!Nightshade
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I want to be the auctioneer for that. Posting says they are getting 18% on that sale.
kunkernator
Well-known member
I am guessing Wyotech went out of business, i heard a while back that they were having trouble.
ishiboo
Well-known member
That's your guess?
What are the other options, they are auctioning off every single thing they possess and starting from scratch for shits and grins?
Fordman7795
Well-known member
I want to be the auctioneer for that. Posting says they are getting 18% on that sale.
Thats just the buyer's premium. Which is absurd.
kunkernator
Well-known member
That's your guess?
What are the other options, they are auctioning off every single thing they possess and starting from scratch for shits and grins?
I think Wyotech has more than one campus. What I am getting at is, are they closing one campus, or all of them?
From some quick research, it looks like Wyotech's parent company went out of business, now Wyotech is owned by a non-profit organization, and they closed all but 3 campuses.
Maybe more auctions in the future?
Farmall450
Well-known member
Wow...they were just at my high school preaching this last spring.
Marc Benjamin
Well-known member
I'm about an hour away from there. Although I'm intrigued, I gotta say I'm having mixed feelings about those prices.
It's really 18% + 9.5% for the local sales tax.
It's really 18% + 9.5% for the local sales tax.
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Wyotech were owned by Corinthian Colleges which were basically shut down by the Gov't due to a number of reasons.
As for the Wyotech auctions, they had one this week at the Long Beach campus (online) and I thought there were many things worth going after. Unfortunately, it's being hit by just about every reseller on Ebay/Craigslist and the bids went sky high silly with sniping at the last minute. Throw in 18% plus CA sales tax and the money was just plain nuts.
Good for the auctioneers I guess, they created the feeding frenzy, stupid on people who lost their senses on things that sell much cheaper on ebay.
As hard as I tried, I got outbid on everything I was interested in by a long ways... and I tried hard!
As for the Wyotech auctions, they had one this week at the Long Beach campus (online) and I thought there were many things worth going after. Unfortunately, it's being hit by just about every reseller on Ebay/Craigslist and the bids went sky high silly with sniping at the last minute. Throw in 18% plus CA sales tax and the money was just plain nuts.
Good for the auctioneers I guess, they created the feeding frenzy, stupid on people who lost their senses on things that sell much cheaper on ebay.
As hard as I tried, I got outbid on everything I was interested in by a long ways... and I tried hard!
Marc Benjamin
Well-known member
You ever got the feeling there was a team of shills working for the executors?
ya...good point... seemed very strange the last minute sniping with high prices - I actually wondered if Snapon wasn't buying up the stuff to stop a bunch of cheap tools hitting the market - ya, a bit conspiracy theory I know but...
i guess it's a game for businesses with deep pockets with a view to how much margin they are making on reselling this stuff.
Marc Benjamin
Well-known member
I wonder if people realize that most of these used tools are laser etched with the school's information.
JettaGetUpandGo
Well-known member
That is a metric sh**ton of tools/equipment!
xurusaibobx
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wyotech - never met a kid that went there that actually knew how to work on cars
macgee
Well-known member
Yeah, I'm sure there will be a Snap-On frenzy and then a cold hard reality will kick in for the silly winners as they're handing over their credit card after seeing the winning price and the 27% add-on to there bill.
Not sure if Charlie Sheen's moto of "Winning" applies or does it?
`
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XxToolAholicxX
Well-known member
I am about an hour away from there and am tempted.. But @18% buyers premium and 10% CA sales tax nah...
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I am a TooAholic, Sometimes I regret it, Especially when the Toolman won't give me no credit
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I am a TooAholic, Sometimes I regret it, Especially when the Toolman won't give me no credit
kctyphoon
Banned
it was shut down because like many for-profit schools, they basically lied to everyone about job placement numbers and encouraged everyone to take out large student loans, and even preyed on veterans for their loan opportunities, knowing that most of their students would never get a job.. this is one reason why i dont like snap on, cause MANY of the loans are taken out to buy snap on tools.. the schools were operated in a way to place people in as much debt as possible by making promises of high paying careers. the entire school system was a scam.
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OutsideMachinist
Well-known member
Yep they are scum bags. Like most tech schools. Good riddance.
warmpancakes
Well-known member
Don't just blame the schools blame the companies that want degrees for even the most basic job, by adding engineer or such to the end of a job title, used to be assembly supervisior jobs making 50k now they are assembly engineers making 45k and require a 100k degree to do the same job
dkroth
Well-known member
How does the buyer's premium and sales tax effect the price you're willing to pay?
motofool33
Well-known member
interesting anyone know how shipping something works from here? like a lift
macgee
Well-known member
Because the bidding typically ends around the street price level if not much higher and then add the 27% so it's not really worth getting out of bed for and driving to bid on these items.
Look at the final prices at the Long beach auction and then look at the current high bid prices/activity in Fremont and still have days before the auction ends and they still haven't even been inspected yet.
Anyone who typically looks at this Hot Deals section on GJ knows how to find and buy those items for way less than what's going on at these auctions.
You would need something pretty bad to pay for the final price.
well, you probably will get a lift cheaper near where you live if you watch craigslist.
The lifts went crazy, I can't remember exactly how much now, but let's say they go for at least what you get them for on craigslist, plus i'm guessing shipping would be say $800 plus.
The Hunter alignment racks with the 600 system sold for over $10k!!! Each one of them.
Hunter Balancers went for over 1500 and the hunter tire machines went for over 2000 then add the fees and taxes - you can do better watching local auctions and CL
The prices didn't look too bad right up to the last hour...then the silliness started.
The lifts went crazy, I can't remember exactly how much now, but let's say they go for at least what you get them for on craigslist, plus i'm guessing shipping would be say $800 plus.
The Hunter alignment racks with the 600 system sold for over $10k!!! Each one of them.
Hunter Balancers went for over 1500 and the hunter tire machines went for over 2000 then add the fees and taxes - you can do better watching local auctions and CL
The prices didn't look too bad right up to the last hour...then the silliness started.
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JettaGetUpandGo
Well-known member
Lets say he's willing to pay $100 for an item all said an done. That's a maximum bid of $78 with 27% in fees. I have to imagine a number of bidders aren't taking that into account and will bid up what the actual item is worth, then be stuck with the fees and pay an inflated price.
Marc Benjamin
Well-known member
Another problem with this particular auction for the Snap On stuff or resale inclined is that the tools are more than likely marked with the school's laser etching. People don't realize that they are likely not able to get those tools warrantied and the resale value isnt the same.
So if you're gonna get the stuff for a little over street used price, might as well get ones that "can" be warrantied.
Honestly, I would like to get a Solus, Modis or one of the fluid exchange machines (home use lol) but I'm really scared that the one I get doesn't work.
So if you're gonna get the stuff for a little over street used price, might as well get ones that "can" be warrantied.
Honestly, I would like to get a Solus, Modis or one of the fluid exchange machines (home use lol) but I'm really scared that the one I get doesn't work.
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dkroth
Well-known member
But that doesn't effect the price you're willing to pay.
What you've described is uninformed bidders or noobs causing you trouble, not the buyer's fee. That's certainly a good reason to skip an auction if you know it's going to be packed with flippers, Snap On crazies, whatever.
If higher buyer's premiums brought more $$ they all would do it.
wyo george
Well-known member
I'd be pleased to meet you and change that. They had a great school back before the buyouts and expansions. I still keep in touch with several of my classmates from twenty years ago, a few own very successful shops now.
Sent from my iPhone using Tapatalk
The ad says three days before pick up, what's up with that?
WhiffySpark
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Hunter scissor alignment racks are 25k. An alignment machine is 10-23k depending on model and option
Balancers are 3500-7000
That's great prices assuming stuff was taken care of. I'm willing to bet it wasn't used much either
Marc Benjamin
Well-known member
Yeah, those are reasonable prices but would you buy stuff on that price range sight unseen (only on pics), as is though?
WhiffySpark
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Not for home use. For a shop, yeah possibly. We have a great hunter guy
kctyphoon
Banned
there are alot of high paying jobs that dont require college or degrees. the probelm these days is that kids are taught that they NEED a degree to get anything, and that simply isnt true - especially for people that wind up in a field doing physical labor like a mechanic. they guys that went to Lincoln Tech after we got out of high school, got the same jobs changing oil that they could have gotten NOT going to school.. so they made $6-$7 an hour and had all the loans to pay back for their "certificate" which is worthless, and their awesomely shiny snap on tools that they used to work on 15 - 20 year old cars... if you want to be a doctor, a lawyer, an architect (this is what i started out in school for) by all means - goto a REAL school and earn your degree.. i went to devry for 2 trimesters after my architect path stopped, and its a total joke how that place was run. i wasted too much of my parents money trying to "find myself" and ultimately got a job making more than alot of people do, without having to kill myself everyday. the PROBLEM is schools like this promising a good life, when they know most of their student wont even graduate, and only a tiny percentage of those that will actually find a job at all. MEANWHILE - a place like wyotech - every year they encourage people to take out big loans, and snap on, mac tools, and anyone else with a truck is their to offer discounts and get as much of that borrowed money that they can.
edit - but my point being there are REAL schools available to get educated in, and a for - profit school is not the only option..
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They are good prices compared to new prices or the auto equipment reselling businesses but NOT good prices that you can pick this same used equipment off of private sellers on eBay or CL - use searchtempest to find better deals on CL
As an example, I picked up a road force balancer and tc3500 changer for 2700 for the pair - no 18% no sales tax off of cl
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or here's another example, I picked up a John Bean alignment rack off of an auction I found on bidspotter for $900 for my shop.
then i found a hunter hawkeye alignment system off of government liquidation for 2800 and cost me another 1000 shipping.
granted, i know i scored deals here, but the point being if you are patient you can get hunter alignment racks and alignment systems off of craigslist for $2-5k and not $10k plus $2-3k for fees and taxes, that's just silly.
however if you are wanting to buy something from this auction, i strongly recommend you go on monday and check the items out in person. I did and was glad i did as i was going to pick up some 8 drawer boxes - they looked good in the pictures but up close they had the snot beat out of them with top edges ratty and bent, drawers banged, dinged, spray paint etc on the sides and in the end they went over my budget.
also the scan tools went way higher than what I can pick them up off of ebay.
i can't recall if there was laser etching, but for the long beach hand tools, a lot of them were bundled strangely with excess/useless items, the tool boards went high priced, used air tools went silly high price etc.
good idea is to have your budget for items on a spreadsheet and stick to it and not get caught up in the last minute outbidding on the auction.
I put bids on over 400 items, and didn't win, now maybe i'm a tight *** or maybe realistic, i dunno, i'll leave that for you to decide, i just work too hard for my money and won't overpay for stuff - good luck if you bid, keep the taxes and fees in mind.
then i found a hunter hawkeye alignment system off of government liquidation for 2800 and cost me another 1000 shipping.
granted, i know i scored deals here, but the point being if you are patient you can get hunter alignment racks and alignment systems off of craigslist for $2-5k and not $10k plus $2-3k for fees and taxes, that's just silly.
however if you are wanting to buy something from this auction, i strongly recommend you go on monday and check the items out in person. I did and was glad i did as i was going to pick up some 8 drawer boxes - they looked good in the pictures but up close they had the snot beat out of them with top edges ratty and bent, drawers banged, dinged, spray paint etc on the sides and in the end they went over my budget.
also the scan tools went way higher than what I can pick them up off of ebay.
i can't recall if there was laser etching, but for the long beach hand tools, a lot of them were bundled strangely with excess/useless items, the tool boards went high priced, used air tools went silly high price etc.
good idea is to have your budget for items on a spreadsheet and stick to it and not get caught up in the last minute outbidding on the auction.
I put bids on over 400 items, and didn't win, now maybe i'm a tight *** or maybe realistic, i dunno, i'll leave that for you to decide, i just work too hard for my money and won't overpay for stuff - good luck if you bid, keep the taxes and fees in mind.
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Corinthian Colleges was caught using fraudulent lending practices. They either sold off or shut down their schools. In January they sold of the Wyoming, Pennsylvania, and Florida Wyotech campuses. They could not sell the California campuses as there was still litigation happening in CA. So Wyotech still exists and is now a non-profit school.
malbojah
Well-known member
I know Hunter is probably supposed to be the cats meow, but F that noise. That works out to $2500 after fees.
kctyphoon
Banned
kctyphoon
Banned
um.. they dont LEND anything..
I asked my brother in law, he was going to this school when they shut it down, he said the tools were not laser etched. At least the motorcycle tools weren't, he doesn't know about the automotive tools.