P/X or not at dealers
Discussion
It’s been years since I purchased a used car from a dealership and I am out of touch tbh.
I have a 2010 mini cooper which we will change for a BMW M135i of around 2014 vintage.Not sure wether I will be better off getting rid of the mini via WBAC or P/X at dealer where will buy the BMW.
It used to be that it’s better not to p/x as you could achieve a better deal as a straight outright purchase, is that still the way.?
I have a 2010 mini cooper which we will change for a BMW M135i of around 2014 vintage.Not sure wether I will be better off getting rid of the mini via WBAC or P/X at dealer where will buy the BMW.
It used to be that it’s better not to p/x as you could achieve a better deal as a straight outright purchase, is that still the way.?
I used Motorway.co.uk who were excellent.
You can do it like WBAC with them or they also have an internal auction with their dealers. They list it, the dealers bid on it over a couple of days and at the end you can decide whether to accept the highest offer or not. So you don't commit to it unless you want to.
If you do, the dealer sends somebody to collect the car.
Completely hassle free, other than taking some photos of your car and we got 20% higher than WBAC offer.
You can do it like WBAC with them or they also have an internal auction with their dealers. They list it, the dealers bid on it over a couple of days and at the end you can decide whether to accept the highest offer or not. So you don't commit to it unless you want to.
If you do, the dealer sends somebody to collect the car.
Completely hassle free, other than taking some photos of your car and we got 20% higher than WBAC offer.
I like part exchanging because if there’s no negotiation on the purchase, you can effectively negotiate on the part exchange, or the cost to change. If the part exchange is something the dealer will retail there’s usually room for manoeuvre and they might like the part ex because there’s a profit in it for them. If it’s not what they’d retail you’re much more likely to just get book in my experience so worth knowing your other options in advance.
Agree a deal with your PX.
Then assuming there is a week or so before you pick it up, advertise your car privately for an amount more that makes it worthwhile selling it yourself and going to pick without a car (£500+ imo) but cheap enough to encourage a quick sale.
If it sells you get a nice amount extra just ring and tell the dealer there will no PX and you'll pay the difference, if it doesn't the PX deal is your back up plan.
Just be sure to explain to the dealer that this is your plan and negotiate a discount off the purchase price rather than an inflated PX price.
Then assuming there is a week or so before you pick it up, advertise your car privately for an amount more that makes it worthwhile selling it yourself and going to pick without a car (£500+ imo) but cheap enough to encourage a quick sale.
If it sells you get a nice amount extra just ring and tell the dealer there will no PX and you'll pay the difference, if it doesn't the PX deal is your back up plan.
Just be sure to explain to the dealer that this is your plan and negotiate a discount off the purchase price rather than an inflated PX price.
ben5575 said:
I used Motorway.co.uk who were excellent.
You can do it like WBAC with them or they also have an internal auction with their dealers. They list it, the dealers bid on it over a couple of days and at the end you can decide whether to accept the highest offer or not. So you don't commit to it unless you want to.
If you do, the dealer sends somebody to collect the car.
Completely hassle free, other than taking some photos of your car and we got 20% higher than WBAC offer.
Sorry to jump on the OP's threads but if you don't mind me asking:You can do it like WBAC with them or they also have an internal auction with their dealers. They list it, the dealers bid on it over a couple of days and at the end you can decide whether to accept the highest offer or not. So you don't commit to it unless you want to.
If you do, the dealer sends somebody to collect the car.
Completely hassle free, other than taking some photos of your car and we got 20% higher than WBAC offer.
Was the service free and assuming it was do motorway take their cut on completion of a successful sale e.g: % or fixed fee?
Was the difference between WBAC's offer fairly significant e.g: couple of hundred quid?
I'm in a similar boat to OP, was planning to p/X the wife's car but I could get a reasonable offer then would consider this route as really not keen to entertain private buyers..for every 2 good ones there will be 4 *****!
NP (sorry OP).
Enter your reg, they give various WBAC alternatives and suggest their premium (or something similar) service.
I was really skeptical about 'premium' because as you suggest it implies they're going to want money from you.
Turns out they don't charge you the seller anything. I assume the buyer pays them the fee (presumably like Collecting Cars or carwow etc).
You select the premium service, they contact you with a list of photos to take and a (honest!) description of any damage/kerbing/service history etc.
They check it all, come back to you and say we think you'll get £x for the car and ask you whether you would sell at that price? Not to set a reserve, more to see if you're serious and not wasting time.
The car is then listed (you don't see this) on a particular day (I think it's Tuesdays and Thursdays) and you find out what your top offer is once that day's auctions are finished.
Click accept offer and that's that. Motorway puts you in touch with dealer, dealer arranges to collect the car.
There is a degree of trust that the dealer will settle any outstanding finance after they've picked up the car. I spoke to the dealer whilst the driver was there then emailed confirmation of the agreement to the dealer before the car left.
We sold an Abarth. WBAC was £9,900, sold it for £12,000 to an Italian car specialist. I get the impression that they are legit dealers as opposed to back street likely lads.
ETA I think they suggested we'd get £10,800 or something from memory, so the final offer was a pleasant suprise.
Enter your reg, they give various WBAC alternatives and suggest their premium (or something similar) service.
I was really skeptical about 'premium' because as you suggest it implies they're going to want money from you.
Turns out they don't charge you the seller anything. I assume the buyer pays them the fee (presumably like Collecting Cars or carwow etc).
You select the premium service, they contact you with a list of photos to take and a (honest!) description of any damage/kerbing/service history etc.
They check it all, come back to you and say we think you'll get £x for the car and ask you whether you would sell at that price? Not to set a reserve, more to see if you're serious and not wasting time.
The car is then listed (you don't see this) on a particular day (I think it's Tuesdays and Thursdays) and you find out what your top offer is once that day's auctions are finished.
Click accept offer and that's that. Motorway puts you in touch with dealer, dealer arranges to collect the car.
There is a degree of trust that the dealer will settle any outstanding finance after they've picked up the car. I spoke to the dealer whilst the driver was there then emailed confirmation of the agreement to the dealer before the car left.
We sold an Abarth. WBAC was £9,900, sold it for £12,000 to an Italian car specialist. I get the impression that they are legit dealers as opposed to back street likely lads.
ETA I think they suggested we'd get £10,800 or something from memory, so the final offer was a pleasant suprise.
Gassing Station | Car Buying | Top of Page | What's New | My Stuff