We Buy Any Car Valuation, Surely Not?.....

We Buy Any Car Valuation, Surely Not?.....

Author
Discussion

Mikebentley

6,124 posts

141 months

Monday 7th June 2021
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sandman77 said:
We are in the process of changing my wife's car and before accepting the poor p/x valuation we tried wbac for a valuation. The offer was £1000 more than the trade in. We set about removing the private plate from it and today received the new V5 document so went back on to wbac to get an updated valuation with the original number plate. The site didn't recognise the number plate (I guess their system needs to update every now and again) so I had to enter the details manually. The new offer is £1000 less than the original offer. I double checked by using the private plate for a valuation and sure enough it was £1000 more. All the details are exactly the same but if entered manually the offer is £1000 less. Looks like I will be accepting the poor p/x offer after all.
Surely you just take it to them based on the quote with your plate on it and explain it’s the same car and you have your plate on retention?

matt21

4,290 posts

205 months

Monday 7th June 2021
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For me the new V5 came through in 3 days and WBAC system was updated in 3 days too. Price went up £775 in that time.

av185

18,514 posts

128 months

Monday 7th June 2021
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Yep 99% of stuff is still increasing in price as anticipated and with Cap Clean rising sustantially into June it is no surprise WBAC bids are correspondingly higher. Rinse and repeat for July too.

mike687

13 posts

65 months

Tuesday 8th June 2021
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My Golf R is apparently worth 3.5k more than I paid for it 12 months ago, I wonder if this bubble will burst or just get a slow puncture?

AudiMan9000

738 posts

49 months

Tuesday 8th June 2021
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What is causing this phenomena?

DSLiverpool

14,764 posts

203 months

Tuesday 8th June 2021
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Bentayga 16 plate was WBAC £76 the main dealers were similar but an indie paid £81,900 - sold after 15 mins on AT

BlackStang5point0

2,208 posts

214 months

Tuesday 8th June 2021
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AudiMan9000 said:
What is causing this phenomena?
I'd hazard a guess and say low rates of supply and high rates of demand now that dealerships are open again

Pablo16v

2,087 posts

198 months

Tuesday 8th June 2021
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AudiMan9000 said:
What is causing this phenomena?
Supply and demand. It’s the same with bicycles with very low stock levels and zero discounts on anything at the moment which is driving the price of second hand stuff through the roof.

av185

18,514 posts

128 months

Tuesday 8th June 2021
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AudiMan9000 said:
What is causing this phenomena?
Been covered at length in previous posts and used car price threads if you care to read them.

Takemeaway

599 posts

212 months

Tuesday 8th June 2021
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I'm seeing several WBAC prices offered that are higher than what a car is being sold for at the dealership!!!

av185

18,514 posts

128 months

Tuesday 8th June 2021
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Takemeaway said:
I'm seeing several WBAC prices offered that are higher than what a car is being sold for at the dealership!!!
Simply reflects their confidence that future prices will increase.

This appears correct too judging off BCAs sales today when most ex lease fleet and contract hire vehicles made well over Cap Clean despite around 10 % increase from May to June.

Looks like July book prices will inevitably be another 10% up on Junes as predicted.

Many dealers are holding on to stock now simply rising prices and further shortages of used cars inevitably fuel further price hikes.

jjr1

3,023 posts

261 months

Tuesday 8th June 2021
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I advised a friend to sell their daughters Smart Car to WBAC on Sunday. He has done that and received £5550 for it. Absolutely crazy as you can buy one from a retailer for less money for the same age/spec and mileage.

Superleg48

1,524 posts

134 months

Friday 11th June 2021
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Latest offer from WBAC is now more than I paid for the car 18 months ago! Quite tempted to cash out and go for something a little older and realise some gain.

Current: AMG E43 Premium Estate.

Would need to be a performance Estate, as I really get the use out of mine. Thought about an older E63, as I do love a V8, or perhaps a newer V90 T6 or something, but that is a lot down on power on the E43 let alone E63.

Probably won’t though, as I actually quite like my E43….

Weird times.

david-j8694

483 posts

49 months

Monday 14th June 2021
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david-j8694 said:
£27k for my 440i. Paid £28.5k last year for it. Wow that's not bad at all... and I don't actually need my car these days.

Although £27k could put a decent dent into the cost of a MY20 Giulia QV... Tempting biggrin
It's up to £28k. It's getting high enough now where I'm really considering how much I need it... The market will dip eventually.

anxious_ant

2,626 posts

80 months

Monday 14th June 2021
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Spoke to mate who owns local garage and he did mean WBAC is offering close to retail price for new-ish models with low miles.
Seems these are selling quick due to shortage of new cars (chip shortage which causes 12 months leadtime in some cases).

Definitely an earner if you have a low mileage car sitting around not getting used much.

downthepub

1,373 posts

207 months

Monday 14th June 2021
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I just sold my Mustang to WBAC at the weekend. Out of curiosity, I bumped in my VW California last week and got bid £35K. Not looking to sell, but clearly they didn’t want it. Earlier to I got an email to say they’d changed the valuation, so had a look, jumped to £50K! Blimey. I paid less than that back in August.

(Clearly their pricing algorithm has had a brain-fart at some point.)

AudiMan9000

738 posts

49 months

Monday 14th June 2021
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My Q3 has gone up in value by almost £4k in the last 4 months.

CraigV6

348 posts

132 months

Monday 14th June 2021
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I just went through Motorway and they came within £200 of WBAC on a £37k car.
Less chance of haggling and no admin fee to pay.

Wagonwheel555

799 posts

57 months

Monday 14th June 2021
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Ended up selling ours back to the dealer we ordered it from new about three years ago.

WBAC offered £15k but time I took it down there with four marked alloys, some stone chips to the front and sole bumper scratches on the rear I would have likely not walked away with more than £14k.
Dealer offered me £14250 and we’re not concerned about the alloys or scratches, plus they pay the finance company direct.

Superleg48

1,524 posts

134 months

Monday 14th June 2021
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Wagonwheel555 said:
Stuff….plus they pay the finance company direct.
So does WBAC