We Buy Any Car - Public Service Announcement - Late Payments

We Buy Any Car - Public Service Announcement - Late Payments

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Discussion

Rutlandracing

Original Poster:

226 posts

167 months

Monday 14th September 2020
quotequote all
Sold my car to WBAC. Sale was fine, really easy and I was happy with the price......except they did not pay on time - contract specifies 4 working days after the transaction. The payment has just arrived as I type, 4 days late. Meanwhile my car has been sold and is up on a dealers website. No comms from them, when I chased the site where I sold the car - excuse was the V5 scan (done by them of course) was poor, hence no payment. Several emails to customer service, to complaints and to the ceo ignored. Twitter ignored, phone not answered and when it was a rude and condesending tone.

Whilst I didn't need the money quickly, no finance to settle or anything like that, for those that might - beware.

A great way to manage their cashflow, don't make a payment until the car has been sold.

Do not rely on their payment promises.

vikingaero

10,379 posts

170 months

Monday 14th September 2020
quotequote all
You're right to share this. It could royally ferk others up in car deals where they depend on the cash.

Maybe they are being sharks and trying to force more people to pay for the "faster payment" service?

NGRhodes

1,291 posts

73 months

Monday 14th September 2020
quotequote all
Are you sure the issue lies with WBAC and not a banking issue ?
If your sure its WBAC, I be asking for a refund on their admin fees, start a complaint with https://www.resolver.co.uk/freeadvice/services/757...

Edited by NGRhodes on Monday 14th September 15:49

Rutlandracing

Original Poster:

226 posts

167 months

Monday 14th September 2020
quotequote all
Defo their problem - poor scan of my V5 apparently, or an excuse.....anyhow, would mess you up if paying off finance or in need of the £'s swiftly.

Absolutely no response from customer service/complaints or the ceo. Customer service is not really the term to describe that!

I will write to the ceo and ask for admin fee back - I don't fancy my chances to be honest and as I said I was not in desperate need for fast payment, so I had gone for the 4 day payment option.

A shame because the valuation and sales experience had been great - I've gone from being a supporter to having to talk to trading standards and get ready to instruct a solicitor.

I'm left speculating, great way to improve cashflow - use your customers cash to fund the company - more like "we buy any car and pay much later"!

Trevor555

4,457 posts

85 months

Monday 14th September 2020
quotequote all
Well done for sharing.

I'd imagine some people would start to panic if their payment was four days late.

Rutlandracing

Original Poster:

226 posts

167 months

Monday 14th September 2020
quotequote all
Thank you Trevor - my mind wandered to think are they going out of business? Especially given the uncertainty of C19 and what it has done to plenty of big co's.

I have seen co's fold before and when the cash stops flowing - time to worry as a creditor.....I am unsure consumer rights count for much when they have your car, the V5 and you don't have the £'s.

Anyhow getting any money owed would be slow and painful, especially given their complete lack of answering the phone or responding to any emails, including the ceo!

I'm left realising, the most likely explanation is they are just a terrible company that do not care about their customers.


Pupbelly

1,413 posts

130 months

Monday 14th September 2020
quotequote all
Just a thought, but if they do this on a high percentage of sales they are 'sat' on money for a week+, does that mean they would benefit from interest based on the large sums they are receiving in daily?

Cliftonite

8,412 posts

139 months

Monday 14th September 2020
quotequote all

This thread won't last long!

jason61c

5,978 posts

175 months

Monday 14th September 2020
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I wouldn't use anyone who can't pay instantly.

I've used motorway.co.uk a few times to sell cars, a 1000 times to value them!

they make an instant transfer.

maz8062

2,248 posts

216 months

Monday 14th September 2020
quotequote all
4 days late, wow what a big deal. Does this really need a Public Service announcement????

You go online, tap in your car reg, get an offer and the car is sold. 8 days later you get paid. Terrible service, that. Meanwhile, I've advertised my car for 3 months without so much as a decent offer.

The glass is sometimes half full you know wink

Rick101

6,970 posts

151 months

Monday 14th September 2020
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Have you considered selling to WBAC if waiting for your money isn't an issue? wink

Smiljan

10,870 posts

198 months

Monday 14th September 2020
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You can pay £30 fee to have payment done within around 30 minutes also.

tim0409

4,435 posts

160 months

Monday 14th September 2020
quotequote all
Glad you eventually received payment. WBAC are owned by British Car Auctions (BCA), which is a massive company and all the WBAC cars go straight to auction (online at the moment) unless their business model has changed post covid. A four day turnaround on your car to appear on a forecourt is incredibly quick, so maybe things have changed.

Rutlandracing

Original Poster:

226 posts

167 months

Monday 14th September 2020
quotequote all
maz8062 said:
4 days late, wow what a big deal. Does this really need a Public Service announcement????

You go online, tap in your car reg, get an offer and the car is sold. 8 days later you get paid. Terrible service, that. Meanwhile, I've advertised my car for 3 months without so much as a decent offer.

The glass is sometimes half full you know wink
Maybe you are being optomistic on the sales price?

I was quite happy with the price mine fetched - the failure to honour the contract and to pay late, with no apology or expalnation, whilst an inconvenience for me could be much worse for folk who need the cash in a timely fashion.

jason61c

5,978 posts

175 months

Monday 14th September 2020
quotequote all
maz8062 said:
4 days late, wow what a big deal. Does this really need a Public Service announcement????

You go online, tap in your car reg, get an offer and the car is sold. 8 days later you get paid. Terrible service, that. Meanwhile, I've advertised my car for 3 months without so much as a decent offer.

The glass is sometimes half full you know wink
you should advertise it for its value then wink

maz8062

2,248 posts

216 months

Monday 14th September 2020
quotequote all
jason61c said:
you should advertise it for its value then wink
Indeed, but I'm not in a hurry to sell it so I can wait. But if I was happy with a WBAC offer and got paid after 8 days I wouldn't be making a public service announcement biggrin

Rutlandracing

Original Poster:

226 posts

167 months

Monday 14th September 2020
quotequote all
maz8062 said:
Indeed, but I'm not in a hurry to sell it so I can wait. But if I was happy with a WBAC offer and got paid after 8 days I wouldn't be making a public service announcement biggrin
How about after 11 days? 4 days more than contractually committed to.

Blue62

8,890 posts

153 months

Monday 14th September 2020
quotequote all
Rutlandracing said:
How about after 11 days? 4 days more than contractually committed to.
Ignore him, if the buyer doesn't meet the terms of the deal that they set, then it's a cause for concern and you're right to alert others. I am tempted to press the button on a WBAC offer, but aspects of their operation do concern me, they just seem a bit fly to me. Kept me waiting 15 minutes for my booked appointment with no apology and then knocked me down £600 for alloys, which is a bit steep but overall still not a bad deal. I am sleeping on it for a few days.

Wonderman

2,271 posts

196 months

Monday 14th September 2020
quotequote all
Blue62 said:
Ignore him, if the buyer doesn't meet the terms of the deal that they set, then it's a cause for concern and you're right to alert others. I am tempted to press the button on a WBAC offer, but aspects of their operation do concern me, they just seem a bit fly to me. Kept me waiting 15 minutes for my booked appointment with no apology and then knocked me down £600 for alloys, which is a bit steep but overall still not a bad deal. I am sleeping on it for a few days.
What size wheels/ are they diamond cut, I'm sure that's higher than the usual?

jason61c

5,978 posts

175 months

Monday 14th September 2020
quotequote all
Blue62 said:
Ignore him, if the buyer doesn't meet the terms of the deal that they set, then it's a cause for concern and you're right to alert others. I am tempted to press the button on a WBAC offer, but aspects of their operation do concern me, they just seem a bit fly to me. Kept me waiting 15 minutes for my booked appointment with no apology and then knocked me down £600 for alloys, which is a bit steep but overall still not a bad deal. I am sleeping on it for a few days.
Don't use them, use www.motorway.co.uk

Much better.