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

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

Author
Discussion

Trevor555

4,457 posts

85 months

Thursday 12th August 2021
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ExcitableBoy said:
SuperNads said:
Interestingly WBAC are offering £35,280 for my 6 month old GR Yaris with 5k miles on the clock (£33,495 purchase price)... I'm not convinced you could sell it for more than that so what are they playing at?
Getting supply for Cinch.
This is exactly what the WBAC chappy said to me today when I asked why they'd offered more for our ST than we'd paid for it new three months ago.

He also mentioned restricted new car supply.

SydneyBridge

8,622 posts

159 months

Thursday 12th August 2021
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Cinch sell lots of extras, called Cinch care, to pay monthly of course. They make money on these, if they dont make much on the actual car

https://www.cinch.co.uk/cinch-care

Plus finance, 'as low as 8.9% apr'

Hugo Stiglitz

37,155 posts

212 months

Thursday 12th August 2021
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MOBB said:
Bought my UP GTI in May for £12.2k from a dealer

WBAC offered £12.4k last week - I offered it back to the dealer I bought it off for £12.4k which he agreed to

WBAC upped the offer to £12.7k this morning

I wont go back on my deal with the previous dealer, but what a crazy market.

I wasn't looking to sell, I like the car but selling and then leasing seems a cost-effective route at the moment

I am leasing a new Seat Mii electric for £162 a month instead
Absolutely no offence but the mii is a poor car in every way plus privately you'd have been had your door kicked in. There are NO Up GTIs out there. Its a massive future classic.

I looked at the mii electric on an offer recently (140 10k a year) and its charge/range and interior etc left me 'flat'.

CoolHands

18,672 posts

196 months

Thursday 12th August 2021
quotequote all
SydneyBridge said:
https://www.cinch.co.uk/cinch-care

Plus finance, 'as low as 8.9% apr'
Bargain! Lol

griffter

3,985 posts

256 months

Friday 13th August 2021
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In my recent experience WBAC are beating all comers at the moment. I wonder how long it will last. Will September reg affect things? The end of summer? Or will it just go on and on?! I cashed in while the going was good!

jonwm

2,524 posts

115 months

Friday 13th August 2021
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It honestly seems crazy at the moment, a few months ago my mate traded his Kuga in for an X3 as the Kuga had retained its value for 18 months, his now X3 has gone up on WBAC by £2k since June, its £200 shy of what he paid for it from a main dealer!

I personally cant see this getting back to anywhere near what we used to paid for second hand motors.

lizardbrain

2,006 posts

38 months

Friday 13th August 2021
quotequote all
SydneyBridge said:
Cinch sell lots of extras, called Cinch care, to pay monthly of course. They make money on these, if they dont make much on the actual car

https://www.cinch.co.uk/cinch-care

Plus finance, 'as low as 8.9% apr'
Off topic sorry, but my partner is looking at a car unseen, delivered, off cinch.

Can I quickly ask what is the mark up like from this lot, does anyone know? On average is it about the same as forecourt dealer prices?

Car is a 12k mazda cx3 for reference.


Edited by lizardbrain on Friday 13th August 10:58

Abdul Abulbul Amir

13,179 posts

213 months

Friday 13th August 2021
quotequote all
lizardbrain said:
Off topic sorry, but my partner is looking at a car unseen, delivered, off cinch.

Can I quickly ask what is the mark up like from this lot, does anyone know? On average is it about the same as forecourt dealer prices?

Car is a 12k mazda cx3 for reference.


Edited by lizardbrain on Friday 13th August 10:58
Avoid the diesel.

Mikebentley

6,121 posts

141 months

Friday 13th August 2021
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Just put my 6 yr old RRS in which I purchased from Lookers West London at the end of May. They offered me £500 more than I paid. When I purchased in May the offer was £1500 less so a shift of £2k+. Would it not be worth trawling Gumtree for tidy cars but WBAC pricing them beforehand and then flipping them to WBAC.

craigjm

17,959 posts

201 months

Friday 13th August 2021
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Mikebentley said:
Just put my 6 yr old RRS in which I purchased from Lookers West London at the end of May. They offered me £500 more than I paid. When I purchased in May the offer was £1500 less so a shift of £2k+. Would it not be worth trawling Gumtree for tidy cars but WBAC pricing them beforehand and then flipping them to WBAC.
They have a contractual clause that you have to have owned the car for three months on the v5c so you can’t just buy it one day and sell the next. Gamble on where the price goes over 3 month period

CRA1G

6,542 posts

196 months

Friday 13th August 2021
quotequote all
lizardbrain said:
Off topic sorry, but my partner is looking at a car unseen, delivered, off cinch.

Can I quickly ask what is the mark up like from this lot, does anyone know? On average is it about the same as forecourt dealer prices?

Car is a 12k mazda cx3 for reference.


Edited by lizardbrain on Friday 13th August 10:58
As Cinch is part of WBAC put the reg number in and that will tell you the mark up....

lizardbrain

2,006 posts

38 months

Friday 13th August 2021
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CRA1G said:
As Cinch is part of WBAC put the reg number in and that will tell you the mark up....
Already bought - arriving Tuesday! How long till Amazon Prime sell cars? Bad choice of words on my part asking about mark up. I just meant to ask how much more expensive it is to buy the same car on cinch, versus a large dealer. Moot point now really.

To contribute my own car to the thread, WBAC is offering me 46.8k for my Tesla, bought for 48k two years and 15k miles ago!

I'm not sure if cars have gone up, or money has gone down, but I'm starting to regret not spanking all my spare cash on any non cash assets I could find 2 years ago .


Wills2

22,858 posts

176 months

Friday 13th August 2021
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craigjm said:
They have a contractual clause that you have to have owned the car for three months on the v5c so you can’t just buy it one day and sell the next. Gamble on where the price goes over 3 month period
Which is cutting their nose off to spit their face if they want stock, no other dealer/trader would be bothered.


Ursicles

1,068 posts

243 months

Friday 13th August 2021
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griffter said:
In my recent experience WBAC are beating all comers at the moment. I wonder how long it will last. Will September reg affect things? The end of summer? Or will it just go on and on?! I cashed in while the going was good!
This is the issue, due to restricted supply there wont be many new registrations.

Spoke to local audi dealer (Coulsdon Audi) he said at the moment they have 10 non-audi cars on their forecourt and he can see it getting to the point where the non-audis are the majority of their forecourt as cant get cars.

jonwm

2,524 posts

115 months

Friday 13th August 2021
quotequote all
Mikebentley said:
Just put my 6 yr old RRS in which I purchased from Lookers West London at the end of May. They offered me £500 more than I paid. When I purchased in May the offer was £1500 less so a shift of £2k+. Would it not be worth trawling Gumtree for tidy cars but WBAC pricing them beforehand and then flipping them to WBAC.
I was offered my old lease 5008 for £18k in November last year, I sent it back but was just curious to the price and had no intention of buying it, just put it in WBAC and its at £22.5k, that would have been a good buy in the end.

Sadly my mini is at £960 that I paid £2k for last October.

drgoatboy

1,626 posts

208 months

Friday 13th August 2021
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Ursicles said:
This is the issue, due to restricted supply there wont be many new registrations.

Spoke to local audi dealer (Coulsdon Audi) he said at the moment they have 10 non-audi cars on their forecourt and he can see it getting to the point where the non-audis are the majority of their forecourt as cant get cars.
I've noticed this. Local Honda dealer selling all sorts and I have never seen anything but Honda's on their plot for the last 10 years I have lived nearby.
My local mercedes dealer has a huge forecourt, normally over flowing with cars. Currently I would guestimate 70% of their forecourt is empty. Bonkers.

CoolHands

18,672 posts

196 months

Friday 13th August 2021
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I think we’re all going to be screwed by this long term. I think it’s a strategy. Manufacturers are going to hike new car prices (handy supply issues at the moment), used car prices will stay high. We will all pay more overall. Win win for manufacturers

Patch1875

4,895 posts

133 months

Friday 13th August 2021
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Prices are nuts.

I have a Skoda Octavia private hire taxi looking to replace it with an E class but cars are about 2-3k more expensive than a year ago.

Reckon I could get about 7k for the Skoda than cost 10.5k over 2 years ago and added 30k in mileage.

mercedeslimos

1,657 posts

170 months

Saturday 14th August 2021
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Abdul Abulbul Amir said:
Avoid the diesel.
This. had no idea how bad they were til a mate bought one and it went bang after three months,

demic

375 posts

162 months

Sunday 15th August 2021
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Business must be brisk for WBAC, a pop up one has opened up in a railway station car park one one of my routes.