Experiences of WBAC et al.......
Experiences of WBAC et al.......
Author
Discussion

dave_s13

Original Poster:

14,031 posts

300 months

Wednesday 27th March 2013
quotequote all
My car just isn't selling!

I'm considering using one of the WBAC type of outfits at the end of my autotrader ad which is 2.5 weeks away. I'm just after any real life experiences of using such an outfit.

I've put my details through WBAC, "We buy your wheels" and Trademymotor.com. They all come back with a price that makes me sad but are enough to make it viable. Obviously I'd much rather sell it to a private individual for a decent price but no bugger is ringing me up!!

Car is a 2008 BMW 525d Msport E61 btw, love it but it doesn't fit 3 small kids in the back. I already have a replacement lined up through a mate so can't trade it in either. It's gotta go one way or another.

M Powered

349 posts

240 months

Wednesday 27th March 2013
quotequote all
dave_s13 said:
My car just isn't selling!
Maaybe the price isn't in the ZOPA?





Zone of Possible Agreement

hadenough!

3,785 posts

291 months

Wednesday 27th March 2013
quotequote all
Why not just reduce the price your trying to sell it privately for?

Or start a thread to bring it to people's attention... Oh

750turbo

6,164 posts

255 months

Wednesday 27th March 2013
quotequote all
Daft question, have you advertised it in the classifieds on here?

There seems to be increasingly bad press ref Autotrader.

Oh, and very possibly WBAC type of sites will attempt to chip you at deal time.

Good luck.

dave_s13

Original Poster:

14,031 posts

300 months

Wednesday 27th March 2013
quotequote all
hadenough! said:
Why not just reduce the price your trying to sell it privately for?

Or start a thread to bring it to people's attention... Oh
As long as I don't link to it, it's fair game, I think wink

I am genuinely interested to know if anyone's used such a service though and whether or not it was a painful process.

The car is priced very keenly, I'm slowly knocking it down every few days so hopefully it will get a bite at some point.

dave_s13

Original Poster:

14,031 posts

300 months

Wednesday 27th March 2013
quotequote all
750turbo said:
Daft question, have you advertised it in the classifieds on here?

There seems to be increasingly bad press ref Autotrader.

Oh, and very possibly WBAC type of sites will attempt to chip you at deal time.

Good luck.
Yes, on here and gumtree.

Autotrader has generated nothing bu scamming arrisoles. Very frustrating.

Blue Oval84

5,397 posts

192 months

Wednesday 27th March 2013
quotequote all
Used it with a friend to get shot of her C2 quickly. Seemed quick and painless, we booked online, got a price, got a bit knocked off as it really was in worse condition than I was led to believe when filling in the form.

She got her money straight away and was pleased to see the back of it. smile

Pints

18,451 posts

225 months

Wednesday 27th March 2013
quotequote all
As I mentioned in another thread very recently, I can't be arsed to have test pilots, tyre kickers or "what's ya best price, mate?" types bothering me if I'm getting rid of a car. Usually I take the trade-in route, but I used WBAC for the last car I got rid of.

Be very honest when completing the online form - they go over the car with a finetooth comb - and you'll get what they quote you. In my instance, they offered more than I would have got on trade-in.

Money paid into my account on the agreed date and we were all happy. It saved me the hassle of advertising it.

Would I do it everytime? Not necessarily. Would I use them again? If the price was right.

dave_s13

Original Poster:

14,031 posts

300 months

Wednesday 27th March 2013
quotequote all
Blue Oval84 said:
Used it with a friend to get shot of her C2 quickly. Seemed quick and painless, we booked online, got a price, got a bit knocked off as it really was in worse condition than I was led to believe when filling in the form.

She got her money straight away and was pleased to see the back of it. smile
Good to know cheers.


750turbo

6,164 posts

255 months

Wednesday 27th March 2013
quotequote all
Thought about Evilbay...

(Runs and hides)

VinceM

1,906 posts

169 months

Wednesday 27th March 2013
quotequote all
I used WBAC a few years ago on a BMW e30d, and I made money out of them - I bought the car direct from the comapny I worked for at the time and wanted rid asap, they did knock me a bit on the price but not too much.

And again recently we were trying to off load my wife's Alfa Mito and it wasn't going, depsite dropping the price quite alot, we tried most of the sites, but in the end wewillbuyyourcar.com offered £1000 more than WBAC, it was collected from my work place and service was very good. I'd use them again. They did try and knock me on the price but that still netted us over 1k more than WBAC, and they found a few minordents that I didn't notice. They also cleared the finance, but you need to contact the finanace company first with permission for them to access the account to get a settlement figure.

All in all not a bad experience in either case, but I guess it depends on what car you're selling.

AndyT77

1,755 posts

193 months

Wednesday 27th March 2013
quotequote all
A close friend of mine sold his wife's 03 Fiesta to WBAC, and after filling in the online application form in great detail and honesty, walked off with the price they offered him online. A quick and painless transaction by all accounts.

AmitG

3,572 posts

191 months

Thursday 28th March 2013
quotequote all
I've used WBAC a few times, once for myself but mainly on behalf of friends. It was fairly quick and painless. Filled in the online form, got a quote, made an appointment, turned up, WBAC bod appraised the car, went through the obligatory frowns and sharp intakes of breath, took all the documents/keys and transferred the promised amount. I never had major issues.

The main things are:
  • Be completely honest about the car when doing the online appraisal
  • Take EVERYTHING you promised - all the keys, docs, service history, receipts, V5 etc. - when you meet with them; otherwise expect to be chipped down on price
  • Show them that you have been thorough, that you know what you're talking about and that you understand their offer
Objections that tend to come up whenever this topic is mentioned on PH:
  • They offer a below book price. Yes, that's because you are paying for the convenience of getting rid of your pride and joy right now, with immediate payment into your bank account, instead of spending 4 weeks dealing with timewasters on AT.
  • The price offered is a complete joke. That's probably because they don't really want your car. They are not in the business of car storage or specialist classics. The harder it is for them to move your car on quickly, the lower they will offer.
  • You could get more selling it privately. Then sell it privately.
  • You could get more on eBay. Then sell it on eBay.
  • They chip away at the price once you arrive. My recent experience suggests that if you appraise the car honestly you get the offer they publish. They don't seem to be in the game of sending out inflated quotes to lure people in. The experience of others may vary.
  • They are retailing the cars on for more than they paid. Yes, they're a business not a charity.