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

[anonymous-user]

Powerfully Built Company Director said:

I’m using this bubble to shift my 62 Reg Bentley GT V8. 11 months of ownership, service due very shortly, and I’m getting out of it at almost dead even what I paid. Cheapest year of motoring yet, and it’s a flipping Bentley!

So I followed through on this - my cost of owning a Bentley for nearly a year (service was due in about 40 days) was about £2k. Excluding a few naughty hundred on fuel and insurance, of which I’d be paying on anything anyway. Couple of scratches, not mint by any stretch although respectable, not much chipping from the lively lads at WBAC. First time using, and I have to say, I’ll never bother selling privately again. All over in an hour and zero aggravation.

I’ve put the cash back into sorting my 20 year old Volvo; needed £1500 worth of work, and will do me fine for another couple of years.

I’m rarely this lucky, let alone jammy.

[vulture1]

craigjm said:

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

Funny I had been doing exactly this trawling through gumtree trying different combinations of white good cars. superminis or nissan juke type things.

Cant really finad anything with a big enough price difference to be worth it.

Only 1 was a Nissan juke advertised for 4k and wbac offered 5k. But the car is from a dodgy part of the country and the only one like it so I would put that down to being in the to good to be true category

[FishAndChips]

Bonkers stuff, purchased a used approved C Class from Mercedes in Jan for £16k. Placed an order with VW for a new car in Feb in which they offered me £12k part ex for the Merc. WBAC current offer is £17.5k and rising.

All relative though as I have no new car yet to purchase.

Here's a question, what % increase would you expect to realise on a private sale over WBAC? I guess higher return comes with added stress of dealing with plenty of tyre kickers etc?

Edited by FishAndChips on Tuesday 24th August 17:42

[littlebasher]

Was half way though a PCP on the wifes Mokka. I was going to just hand it back and walk away, but i was bored Saturday so generated a redemption figure and then checked what WBAC would give me.

I left it with them 2 hours later a happy man

[Wilmslowboy]

FishAndChips said:

Bonkers stuff, purchased a used approved C Class from Mercedes in Jan for £16k. Placed an order with VW for a new car in Feb in which they offered me £12k part ex for the Merc. WBAC current offer is £17.5k and rising.

All relative though as I have no new car yet to purchase.

Here's a question, what % increase would you expect to realise on a private sale over WBAC? I guess higher return comes with added stress of dealing with plenty of tyre kickers etc?

Edited by FishAndChips on Tuesday 24th August 17:42

In today’s mkt, unless it is a unique car (rare or super high spec) the WBAC price is likely to be better than you get private.

[griffter]

Wilmslowboy said:

In today’s mkt, unless it is a unique car (rare or super high spec) the WBAC price is likely to be better than you get private.

On a sample size of one, I agree. I put my car on autotrader at a speculative £17k (the same as the last one I saw on there, also private). In the meantime I sold it to WBAC for £14600 all done.

I had only one enquiry through autotrader asking lowest I’d take and offering cash on a Sunday. That didn’t bode well so WBAC was the right decision (also higher than Wizzle and Motorway).

It will depend on the car of course but I think so many people use finance and value buying from a dealer that the old rule of getting the most from a private sale no longer applies. My car was freshly dealer serviced and had manufacturer warranty remaining too, so would have been a great private buy.

Although I can’t be 100% sure I’m as certain as I can be it’s now with a franchised dealer for just under £20k!!!

[jonny996]

There seems to be no consistency with the offers.
Last week I bought a really nice Lexus RX450h privately, while I was there I threw the details throw the WBAC site to get an underwritten value in case it wasn't for me, came back £1100 less than ended up agreeing on, happy with that. a week later I get mail saying your car is in demand & they increased price by £750, so well happy that the WBAC price is now £350 less than I paid.

Compare that to son's Mini that we got him to learn in during darkest lockdown, so when prices where still low. Done the same thing & again WBAC came back at £2700, bought for £3200. As he is soon off to Uni & no need for car I done another WBAC, mileage is only 1000 more & we are in a period of high demand, I thought a nice cheap run around would be in demand, No WBAC now offering £1170. That is a mad low valuation as cheapest I can see advertised is £3K.

So its not all roses in the WBAC garden............

[griffter]

jonny996 said:

There seems to be no consistency with the offers.

So its not all roses in the WBAC garden............

I think it’s new and nearly new (maybe up to about 5 years old) that’s benefitted the most. Stuff that goes to Cinch basically.
Purely anecdotally, classic prices seem to be wavering and although there may be fewer cheap cars for sale, there’s still plenty of options for less than £3k.

[drgoatboy]

Value on mine has been slowly rising for months and is now starting to come back down again. Might just be my car but has it finally topped out?

[av185]

Lead times on many new cars still increasing brand dependent.

Still too many used car buyers chasing too few used cars especially late stuff so unsurprisingly values still very strong especially for even slightly niche good spec models.

[Trevor555]

drgoatboy said:

Value on mine has been slowly rising for months and is now starting to come back down again. Might just be my car but has it finally topped out?

We sold them ours two weeks ago after it had gone up £1700 in three months.

The price they paid us was almost the same as what dealers were advertising similar cars for on Autotrader, it didn't make sense to me why they'd offer so much for our car.

I couldn't dream that it'd gone any higher, so I wouldn't be surprised if that was the peak.

But who knows?

Furlough coming to an end, grants coming to an end, people getting back to work, people no longer that keen on public transport, train prices rising at an alarming rate, fewer new cars being built, older cars not conforming to ULEZ, predictions of more cities introducing levies for older cars, people just wanting to treat themselves after lockdown..

I'm sure there's many more factors I don't know about.

Strange times.

[moonigan]

My wife's A6 1.8FSi has gone up again this week another couple of hundred pounds and is fast approaching £21K, but there is nothing new to buy that we can replace it with.

[DSLiverpool]

Just going through the process with Motorway - the website kept freezing but got there. You have to call before it goes live - they closed early!!

[Trevor555]

DSLiverpool said:

Just going through the process with Motorway - the website kept freezing but got there. You have to call before it goes live - they closed early!!

I didn't know you had to call them?

That explains why nothing happened when I uploaded my car a few weeks back.

[Zumbruk]

Jefferson Steelflex said:

Do WBAC have knowledge/access to the spec of the car being offered? I've got two highly specced cars and interested in whether the price reflects that, or if I was a mg and should have just got the base car and made loads of money?

Example, our X3 has £8k worth of options on it and we've been offered £3k less than we paid at the back end of last year.

Options essentially have no value in the general resale market.

[DSLiverpool]

Trevor555 said:

DSLiverpool said:

Just going through the process with Motorway - the website kept freezing but got there. You have to call before it goes live - they closed early!!

I didn't know you had to call them?

That explains why nothing happened when I uploaded my car a few weeks back.

Yep but they be shut ! Crap UX on thx webby as well

[FishAndChips]

Wilmslowboy said:

FishAndChips said:

Bonkers stuff, purchased a used approved C Class from Mercedes in Jan for £16k. Placed an order with VW for a new car in Feb in which they offered me £12k part ex for the Merc. WBAC current offer is £17.5k and rising.

All relative though as I have no new car yet to purchase.

Here's a question, what % increase would you expect to realise on a private sale over WBAC? I guess higher return comes with added stress of dealing with plenty of tyre kickers etc?

Edited by FishAndChips on Tuesday 24th August 17:42

In today’s mkt, unless it is a unique car (rare or super high spec) the WBAC price is likely to be better than you get private.

Thank you, and minus the hassle.

[Jiebo]

Zumbruk said:

Options essentially have no value in the general resale market.

Except if its a Porsche

[anonymous-user]

Trevor555 said:

I didn't know you had to call them?

That explains why nothing happened when I uploaded my car a few weeks back.

Yes - and it’s a pain. Feels like they are chipping you before the dealer even sees it.

They also have specific requirements for the photos, that they don’t tell you until AFTER you’ve messed around taking them all, uploading, ringing up, etc. So by which point you most likely aren’t stood by the vehicle and have to repeat the process. Standard call centre stuff too, you build a rapport and understanding with one of them, then next time you ring up you get a different person, and have to start from scratch.

I got a better price from WBAC, and just sat in the sun watching the lively lad scoot around with his clipboard, with a big burly bloke stood with his hands on his hips and his massive low loader waiting to take the next car they nodded at.

[clockworks]

Zumbruk said:

Options essentially have no value in the general resale market.

This is one of the good things with Kia - no options as such, just 5 or 6 different versions of each model, with an increasingly large toy count as you go up the range. The top trim levels definitely sell at higher prices.