We Buy Any Car Valuation, Surely Not?.....
Discussion
Jazzer77 said:
Diderot said:
Just sold my X3 35d to them this morning. Had a p/x offer about a month ago from BMW of £21,300; WBAC gave me £26,500. Very happy with that.
That is a huge difference. Do you know what similar retail prices are?There are going to be a lot of people getting stung over the next 18-24 months if they're buying a used car at the moment at inflated prices. Once the shortage of new cars corrects itself, used car prices will have to drop back to where they were pre Covid. The only way the current prices will hold is if they wack up the price of buying new and remove many of the discounts offered on new cars. I think thats unlikely to happen
Juanco20 said:
There are going to be a lot of people getting stung over the next 18-24 months if they're buying a used car at the moment at inflated prices. Once the shortage of new cars corrects itself, used car prices will have to drop back to where they were pre Covid. The only way the current prices will hold is if they wack up the price of buying new and remove many of the discounts offered on new cars. I think thats unlikely to happen
Sold my Focus Vignale to WBAC on Saturday, effectively had a years free driving. My tatty old E500 is now on daily duty until prices settle and I buy something else. I did look briefly but prices are crazy, even for older stuff.Juanco20 said:
There are going to be a lot of people getting stung over the next 18-24 months if they're buying a used car at the moment at inflated prices. Once the shortage of new cars corrects itself, used car prices will have to drop back to where they were pre Covid. The only way the current prices will hold is if they wack up the price of buying new and remove many of the discounts offered on new cars. I think thats unlikely to happen
I would guess even less than 18 months. Unless we have a paradigm shift in new car prices I would imagine the factories will be up and running withinsix months.
If the new car supply becomes anywhere near pre 2020 supply levels we will have a huge amount of overpriced second hand cars. In the same way as these cars have had a very steep appreciation curve in the last few months I can foresee the exact opposite in twelve months time. Couple this with an economy that could be in the doldrums and I would not be buying a used car now.
jjr1 said:
I would guess even less than 18 months. Unless we have a paradigm shift in new car prices I would imagine the factories will be up and running within
six months.
If the new car supply becomes anywhere near pre 2020 supply levels we will have a huge amount of overpriced second hand cars. In the same way as these cars have had a very steep appreciation curve in the last few months I can foresee the exact opposite in twelve months time. Couple this with an economy that could be in the doldrums and I would not be buying a used car now.
Im in a bit of a pickle because I have a lease expiring in December and lease prices now are high. I was intending on buying used in the 15-20k bracket but not if prices are still through the roof.six months.
If the new car supply becomes anywhere near pre 2020 supply levels we will have a huge amount of overpriced second hand cars. In the same way as these cars have had a very steep appreciation curve in the last few months I can foresee the exact opposite in twelve months time. Couple this with an economy that could be in the doldrums and I would not be buying a used car now.
If they still are then my only option might be to run a banger for a few months
Juanco20 said:
jjr1 said:
I would guess even less than 18 months. Unless we have a paradigm shift in new car prices I would imagine the factories will be up and running within
six months.
If the new car supply becomes anywhere near pre 2020 supply levels we will have a huge amount of overpriced second hand cars. In the same way as these cars have had a very steep appreciation curve in the last few months I can foresee the exact opposite in twelve months time. Couple this with an economy that could be in the doldrums and I would not be buying a used car now.
Im in a bit of a pickle because I have a lease expiring in December and lease prices now are high. I was intending on buying used in the 15-20k bracket but not if prices are still through the roof.six months.
If the new car supply becomes anywhere near pre 2020 supply levels we will have a huge amount of overpriced second hand cars. In the same way as these cars have had a very steep appreciation curve in the last few months I can foresee the exact opposite in twelve months time. Couple this with an economy that could be in the doldrums and I would not be buying a used car now.
If they still are then my only option might be to run a banger for a few months
So despite me desperately wanting a daily car I am going to wait till the manufacturers start supplying new cars.....It is a gamble though as they could in turn increase their prices significantly.
The increasingly strong bids by WBAC reflect their confidence in the future car market and rising values which could well continue until next year.
Anyone selling a few months ago or even in the last few weeks will be kicking themselves now.
June CAP clean trade figures showing major increases up to 15% up from May in just 1 month. This will result in huge increases in the next few weeks alone.
Anyone selling a few months ago or even in the last few weeks will be kicking themselves now.
June CAP clean trade figures showing major increases up to 15% up from May in just 1 month. This will result in huge increases in the next few weeks alone.
Trevor555 said:
av185 said:
Anyone selling a few months ago or even in the last few weeks will be kicking themselves now.
Two kicks for me please.I was pleased with the prices I got, one was £800 over Cap clean, the other £3000 over..
And I thought they couldn't possibly go any higher
We would all be rich with good old hindsight of course!
Diderot said:
Jazzer77 said:
Diderot said:
Just sold my X3 35d to them this morning. Had a p/x offer about a month ago from BMW of £21,300; WBAC gave me £26,500. Very happy with that.
That is a huge difference. Do you know what similar retail prices are?Juanco20 said:
There are going to be a lot of people getting stung over the next 18-24 months if they're buying a used car at the moment at inflated prices. Once the shortage of new cars corrects itself, used car prices will have to drop back to where they were pre Covid. The only way the current prices will hold is if they wack up the price of buying new and remove many of the discounts offered on new cars. I think thats unlikely to happen
I'm actually unconvinced by this. I would think many manufacturers are taking the opportunity to reset and scale down their ICE production permanently, with electric oncoming.I think it's highly unlikely we'll ever see the same sort of ICE production numbers again, and this may prop up the market a bit. I can't see WBAC getting into loads of stock at seriously high prices unless they are confident they can shift it for the forseeable, it would be an insane business risk - they've survived on lowballing people for years so their confidence must be sky high about future values. You'd think they also know a bit more about the market than we do, too.
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