We Buy Any Car Experience

We Buy Any Car Experience

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Domw94

Original Poster:

5 posts

110 months

Friday 6th March 2015
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Mr Happy said:
I agree... Something doesn't feel right about this.
Tell me how to post a photo and I will show you the receipt. It's like people on here have some inherent hatred for them?!

eldar

21,764 posts

196 months

Friday 6th March 2015
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Mr Happy said:
I really don't care that much tbh - but joining a forum and posting something without prompting (be that on either side of the positive/negative fence) regarding a company that polarises opinion such as WBAC screams either 'troll' or 'shill'.
That is possiblesmile Also possible is that WBAC isn't as bad as many portray.

I sold my SLK to them a couple of weeks ago, and they paid £550 more that the best private offer, and £1,700 more than trade in. Maybe I was lucky/good timing/or whatever. But they came up with the best money and no worries once the car had gone.



cptsideways

13,548 posts

252 months

Friday 6th March 2015
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If you are PX'ing your 3-5 year old car get a quote first before going to a dealer to buy your new car. Trust me you can save thousands!! Use it as a bargaining tool.

Dealers appear to pitch their offers at about 2k below CAP (auction price) values, or 3-4k below retail. WBAC are offering 5-10% less than CAP & thats confirmed by getting WBAC prices offered on cars going through the auctions on the day.



daveinhampshire

531 posts

126 months

Friday 6th March 2015
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I sold my old Porsche Boxster to WBAC, it was about 1k under list value, the sale was quick and easy with no haggling.

Jobbo

12,972 posts

264 months

Saturday 7th March 2015
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GenePoolReject13 said:
They are just trying to buy retail stock for carcraft
Apparently that's not what they do now - I sold my car to them a couple of weeks ago (got over £3k more than the very cheeky trade-in offer) and spent quite a while chatting to the manager who was there that day. I thought the same as you and said that my car (4yr old C-class diesel with lots of options) would be good for retail but he told me everything is traded on; the turnover is what their business is based on now. That seems to be true; my old car has reappeared for sale at an independent garage in Southampton (I sold it to them in Worcestershire), and it appeared within a couple of days so I can't believe it was auctioned.

9mm

3,128 posts

210 months

Sunday 8th March 2015
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Right, what am I missing here?

People sell to WBAC because no-one pays more for their car than them

WBAC then punt the car into an auction where the trade immediately pay more for the car than the original seller could get for it.

How/why does that work then?


Jobbo

12,972 posts

264 months

Sunday 8th March 2015
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9mm said:
WBAC then punt the car into an auction where the trade immediately pay more for the car than the original seller could get for it.
If you're replying to my post, then you've misread it - I said they didn't auction it. They clearly have trade contacts to sell cars; I imagine a vast number of them, offered to the appropriate people depending on what sort of car it is.

My car didn't sell to WBAC for more than I could have got in a private sale, but it was probably within £500 or so and saved me any hassle at all. The manager chap told me they're happy to make £100 on each car if they only hang onto them for a day or two.

oldcynic

2,166 posts

161 months

Sunday 8th March 2015
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Perhaps WBAC know exactly where to punt the car on, whereas I've got the coice of part-ex against my replacement car, private sale or WBAC. Private sale is a lottery, although often a good bet. Part-ex and WBAC are a certainty.

T5XARV

600 posts

134 months

Sunday 8th March 2015
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Hmmm. £100 ? Hardly worth the admin, wages, delivery,prep, overheads ?
You'd need to handle stloads, which in itself is a problem.
Now, at a grand a time........

Claudia Skies

1,098 posts

116 months

Sunday 8th March 2015
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Jobbo said:
he told me everything is traded on; the turnover is what their business is based on now.
Why the surprise? WBAC simply acts as a central buying department for the used car trade.

Naturally if you sell privately you cut out the middle-men and get more money. Equally naturally, you have to work for it. Some people are happy to do the work and save themselves £1,000. Others aren't.

Jobbo

12,972 posts

264 months

Sunday 8th March 2015
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Did I express surprise? They were set up by Carcraft and did retail stuff which was appropriate through them originally. But since that's no longer the case I thought I'd mention it.

I must add though, that it is claimed WBAC put everything through auction within 24 hours. Perhaps that is easier than trying to sell direct to known contacts as I suspected. Now they're owned by BCA it will keep the auctions busy.

Edited by Jobbo on Sunday 8th March 07:03

The Mad Monk

10,474 posts

117 months

Sunday 8th March 2015
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WBAC is owned, since 2013, by British Car Auctions.

tim0409

4,428 posts

159 months

Sunday 8th March 2015
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Jobbo said:
9mm said:
WBAC then punt the car into an auction where the trade immediately pay more for the car than the original seller could get for it.
If you're replying to my post, then you've misread it - I said they didn't auction it. They clearly have trade contacts to sell cars; I imagine a vast number of them, offered to the appropriate people depending on what sort of car it is.

My car didn't sell to WBAC for more than I could have got in a private sale, but it was probably within £500 or so and saved me any hassle at all. The manager chap told me they're happy to make £100 on each car if they only hang onto them for a day or two.
From what I gather (and my experience) all their cars are taken straight to auction (BCA who purchased WBAC) where they are sold under the heading UKGCR. I assumed they were making a small profit on each car (and relying on volume) but after visiting one of their recent sales (and working out what they paid for a sample of cars using their site but using different reg numbers) they were averaging around £500 which is good work for selling cars at auction. Many years ago I worked for a trader who underwrote cars from dealers and he shifted around 20 cars a week at auction - he was making around £200 a car after fees at the time.

Sheepshanks

32,790 posts

119 months

Sunday 8th March 2015
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Domw94 said:
However I would say ensure your car is in tip top shape first, it may cost you a couple hundred to get alloys/body sorted but chances are it will be less than there'll knock off!
That doesn't make sense. You said:

Domw94 said:
After giving it a quick once over he decided the car was mint and offered me full price minus stupid admin fees. I was shocked due to two wheels curbed and abit of body damage.
...so if they'll pay full whack anyway, why waste money fixing it up?

Sheepshanks

32,790 posts

119 months

Sunday 8th March 2015
quotequote all
cptsideways said:
If you are PX'ing your 3-5 year old car get a quote first before going to a dealer to buy your new car. Trust me you can save thousands!! Use it as a bargaining tool.

Dealers appear to pitch their offers at about 2k below CAP (auction price) values, or 3-4k below retail. WBAC are offering 5-10% less than CAP & thats confirmed by getting WBAC prices offered on cars going through the auctions on the day.
Dealer I bought a new car from a few months ago used WBAC to value ours, and offered £50 more. Way less than I thought/expected, although the car was carrying some hidden issues so I didn't want to try it privately. We noticed it had been re-taxed within a few day, so must have sold very quickly.

DUMBO100

1,878 posts

184 months

Sunday 8th March 2015
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I got a good price for a 54 Corsa and sold it to them and a rubbish price for a 09 Civic Type R so sold it to a different garage. The sales guy was very pleasant and I'd use them again if they offered me a good price

31mph

1,308 posts

135 months

Sunday 8th March 2015
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Just got a WBAC quote for my car out of interest.
It was more than I was expecting, they'd definitely knock something off because my car isn't perfect, but I'll still consider it when I fancy a change in wheels.

BorkFactor

7,265 posts

158 months

Sunday 8th March 2015
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A friend of mine had a Land Rover Discovery, 2012 model I think. Wanted to trade it in for a new Range Rover Sport and WBAC offered several thousand more than the LR Dealer did for a trade in. The dealer wouldn't budge so he took it to WBAC and they paid him the quoted price without any issue - the car was immaculate.

On the flip side, they offered me £200 for my E46, and thats before whatever fee they take off hehe

blueg33

35,929 posts

224 months

Monday 9th March 2015
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Jimboka said:
As confirmed on the other 99 WBAC threads. ... WBAC pay more than dealers offer in PX, but around 1k less than private sale (with the fees and aggro that goes with that ) . If you want that 1k & aggro go with the private sale.
Rubbish

They offerred me £20k last week for a car worth £27k to a dealer and £29k privately

cptsideways

13,548 posts

252 months

Friday 13th March 2015
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blueg33 said:
Rubbish

They offerred me £20k last week for a car worth £27k to a dealer and £29k privately
Your car will worth 21-21.5k in the ring this week smile I am making an assumption it's not a is not a LR product or mainstream model & are renowned for expensive issues to some extent.


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