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I've heard of a few in another club who've got what was 'offered' or even a bit more.
The rise of the used car market
- Thread starter mjheathcote
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Scaf
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I sold my daughters little fiat 500 to them a couple of years ago, I had accurately described it and got the price quoted.
Only surprise was the money was not an immediate transfer and I think we had to wait a day or so or pay a fee.
I would do it again, pain free process.
Only surprise was the money was not an immediate transfer and I think we had to wait a day or so or pay a fee.
I would do it again, pain free process.
dickygrace
www.richardgracecars.co.uk
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Yes just need a finance settlement figure.
Delmonte
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Very unpredictable, WBAC. Was selling wife's mini recently. God knows how their algos work. Offered us 3100. Ignored it. They then spammed me relentlessly for weeks, price gradually rising to over 3500. All ignored (achieved 3800, to first guy who viewed privat).
But I was curious to see how far they'd go. Then last offer came in at.... 2700 lol. I mean wtf?
Only person I know who actually sold to them was my Dad. 3 series diesel about 10 yrs ago, I think achieved what they offered minus about 200 quid (from about 8 grand iirc)
But he played a blinder as the turbo was er 'broken' and they didn't find out ha ha.
But I was curious to see how far they'd go. Then last offer came in at.... 2700 lol. I mean wtf?
Only person I know who actually sold to them was my Dad. 3 series diesel about 10 yrs ago, I think achieved what they offered minus about 200 quid (from about 8 grand iirc)
But he played a blinder as the turbo was er 'broken' and they didn't find out ha ha.
Delmonte
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Just curious, how is that worked out? From finance company, using genuine calculations, or the selling dealer, finger in air and them taking the **** in their favour?
Delmonte
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What was the actual wbac offer, or did I miss it?
hashluck
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Finance Company - figure is available in seconds
c4sman
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I don’t think any decent 997 (particularly Gen 2) is likely to lose big numbers any time soon. There might be a few £k here and there but providing your not silly with the buying price, they’re well regarded and some say the last small analogue 911 so sought after. And 911s generally always do ok in the long run. Even the often disliked 996 is holding firm now (and there’s history based on the 964 which again wasn’t well regarded and has bounced right back to very desirable). The 997 has always been liked so started from a strong footing. I am biased however as I have a manual 997 GTS (7 years into ownership), and will likely never sell it (as long as I can get in and drive it)!
Edit: also remember you’re a long time dead.
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MarkMas
Chief pedant
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Yes, sold my 2009 QP to WBAC.
My daughter had a 54 plate mini and late last year was offered £200 as a trade in. Went on the WBAC website and was quoted £600 and when she took the car in actually got £640 or £675 I can’t remember exactly. Also a friend of mine took a 63 plate 5 series tourer and got slightly more than quoted online. So yes as far as I know it does work at the moment.
dickygrace
www.richardgracecars.co.uk
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Finance co make the settlement figure but I don’t know the ins and outs of how it’s calculated; it’ll be in the T’s & C’s though.
Thanks. My dream garage, a GTS and a 997, but I have to choose one only…I don’t think any decent 997 (particularly Gen 2) is likely to lose big numbers any time soon. There might be a few £k here and there but providing your not silly with the buying price, they’re well regarded and some say the last small analogue 911 so sought after. And 911s generally always do ok in the long run. Even the often disliked 996 is holding firm now (and there’s history based on the 964 which again wasn’t well regarded and has bounced right back to very desirable). The 997 has always been liked so started from a strong footing. I am biased however as I have a manual 997 GTS (7 years into ownership), and will likely never sell it (as long as I can get in and drive it)!
Edit: also remember you’re a long time dead.
MaserMike
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I sold around 5 years ago via WBAC a Volvo v40 diesel I had good condition with 40k miles on the clock FSH etc., they quote a great price online and then start deducting for any stone chips/marks etc. Ended up around £300+ reduced after they deducted around £80 per stone chip (minor ones on the bonnet) and got their paint thickness measurer to double check for further potential reductions! Tiny Wheel scuffs or marks they will also deduct...
Moving on since buying various cars via main dealers, I use WBAC as the online price benchmark to get the best price against a PX.
Out of curiosity I just tried WBAC for my Centennial Stradale, quoting £20K less than what it is worth!
rockits
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I sold a Toyota Hilux Invincible Double Cab pickup to WBAC a couple of years back and got the web quoted price no problem. It was mint as I had spent a full long day cleaning it to an inch of its life. The guy never even started it and said it was the best kept vehicle he had seen in a while. It was just under 3 years old I think with 100k miles ish but the price was way more than I could have sold anywhere else so I bit their hand, arm and torso off very quickly!
I guess it varies car to car and site/agent differences as well.
I guess it varies car to car and site/agent differences as well.
I sold a car to them last week. I paid £17.4k for it in Jan this year from BCA (incl fees). WBAC offered me £22.2k last week, and dropped this by £300 when they inspected the car. There's then a £75 fee to pay, so I ended up with around £21.8k. The deductions were fair enough...a couple of bits of bubbling on one of the diamond cut alloys, two tiny door dings, and it was only 3 weeks until its first MOT was due. They didnt mark it down for the tyres, but I was conscious that two were the originals and only had 2mm left, and it was also going to be due a service in a few months.
I never thought I'd sell to WBAC, but they're offering good prices at the moment - it really wasn't worth the hassle of trying to sell privately. I expect it works better with newish stuff sub 3 years.
I then watched it go back through BCA....CAP clean was £21.6k, and it sold for £22.5k (plus fees), so it's all fairly narrow margin (but high volume atm).
I didn't realise but WBAC was bought by BCA Auctions and BCA also own Cinch (probs seen those annoying adverts crop up recently). So they have a smart end to end model but I feel as though they are trying to screw indie dealers which sucks. i.e Car sold to WBAC, goes to BCA. If car is deemed good then they sell it to retail on Cinch. If it doesn't meet their requirements they push it through the auctions for other dealers and keep the cream. Getting good stock is going to be harder and harder for the indies I think .
.I didn't realise but WBAC was bought by BCA Auctions and BCA also own Cinch (probs seen those annoying adverts crop up recently). So they have a smart end to end model but I feel as though they are trying to screw indie dealers which sucks. i.e Car sold to WBAC, goes to BCA. If car is deemed good then they sell it to retail on Cinch. If it doesn't meet their requirements they push it through the auctions for other dealers and keep the cream. Getting good stock is going to be harder and harder for the indies I think
Agreed - it does feel like a potential market shift. I think it’s also reduced supply of private sale cars, as people are getting a decent offer from WBAC (and others like Evans Halshaw that are doing the same), to the extent that it’s not worth selling privately.
dgmx5
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