WBAC Values

OcUK Staff
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Hi there

Seen a lot of talk of this in various groups and thought I'd share, if anyone is thinking of selling a car they are worthwhile checking out at the moment as they seem to be offering much higher values compared to normal.

In fact used cars in general seem to have shot up considerably again this month.

I put my S2000 into WBAC just because curious, they came back with £17,000, not bad considering it cost me 14k just over a year ago directly from a Honda dealership. :D

They even value the Ferrari at just shy of 130k which is very strong considering they never have any understanding of options.

I was also looking at 991.2 GT3 manuals just over a month ago, 125k would of landed me in one easily, most are pushing north are 150k now.

No idea whats happening but if anyone has been considering selling a car recently they are worth checking along with other sites such as Motorway, collecting cars etc.
 
Caporegime
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Selling is fine so long as you aren't buying one to replace it.

Second hand car market has gone mad. I have seen cars going up by up to 10% month on month.

The fact that new car numbers being built are down millions this year and maybe into next year is what is driving the demand in (good) used.
 
Soldato
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Everything everywhere seems to be getting more expensive but this is ultimately only going to work in the favour of anyone trading down or just selling up outright.

I could in theory get daft money for my vRS at the moment but unless I want to swap into a £5k runaround for the foreseeable future, anything I might want to upgrade into is going to be similarly strong money anyway.

Edit - it'll no doubt have to hit a balance sooner or later though, there will come a point where the demand drops off because pricing is getting too stupid for people to want to change cars.
 
Soldato
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I just looked as I have been wanting to offload my car for something more practical, Approx. 4 weeks ago was £17.5k now is £19.7k only an Audi TT.
 
OcUK Staff
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Yeah if the used values keep moving the point where the Ferrari gets too a point where I get what I paid or make a profit I will probably move it on, sit on the cash and just wait for the market to drop again and either get another 458 or a GT3 RS maybe. Until then I will just keep driving it as adding the miles on it is not doing it any harm. :)
 
OcUK Staff
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I just looked as I have been wanting to offload my car for something more practical, Approx. 4 weeks ago was £17.5k now is £19.7k only an Audi TT.

Its a good feeling, people I speak to are reckoning used values will keep creeping up for rest of this year and maybe next potentially due to the shortages on new cars at the moment due to lack of materials.
 
Soldato
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I got £3000 more than WBAC and Wizzle were offering by selling my Macan back to Porsche.

Fortunately we don't need two cars for the foreseeable future and I wasn't in love with the Macan.
 
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Caporegime
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The 4 year old SQ7 we bought from the lease company last year for £36,000 is now £40,125 on WBAC!

We thought the £36k was a bit steep when we agreed to it but they wouldnt budge at the time.

Likely to go up or at least keep its value well as no more v8 diesels to be bought new.

Interesting to read its only straight petrol and diesel which are rising in value rapidly. Hybrids fell 6.7% last month and EV (except for Tesla) fell by 3%. Nobody wants used hybrids it seems.
 
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Soldato
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Also remember the price they offer gets raped when you take it down to them, when I was looking to offload my Focus they offered £6.5k which was the minimum I was willing to take but upon an inspection by the 'specialist' it appeared all 4 alloys needed a full refurb despite them being in good condition and only having brake dust on them and also the boot, back drivers side and front passenger side being repaired to a really poor standard despite me buying it at 6 months old and it not seeing a spray booth during my ownership, they offered me £5k, told him I'd rather let it sit and rust away than let them have it.

Took it into BMW and they gave me £6.5 straight away and said when they looked at it there wasn't a single thing they could mark it down on. Also the £5k from WBAC would've dropped a bit more due to their 'fee' they take from your final offer.
 
Caporegime
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Oh they are really good at that. Thats how the local employees make their bonus by finding anything to mark them down.
 
Associate
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Friend sold his very well optioned 120d to WBAC for near enough his asking price he had struggled to sell it for until then. Crazy when WBAC don't even care about the options either. He got knocked down a couple of hundred pounds but car was very well looked after so not much they could pick up on anyway.

They don't list Noble as a make so can't see what weird number they'd offer for that
 
Soldato
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Some older cars and modern classic prices are going through the roof now. Suddenly that's what people want. Many have come out of lockdown boredom and decided to buy something nice before they snuff it.

And the government expect people to buy new EVs lol....
 
Caporegime
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Some older cars and modern classic prices are going through the roof now. Suddenly that's what people want. Many have come out of lockdown boredom and decided to buy something nice before they snuff it.

And the government expect people to buy new EVs lol....

I think it isnt helping that a lot of these cars have engines which you just can't buy a new one anymore. V8s have moved to twin or triple turbo'd v6s or even 4 potters.

If you pick the right car to buy now, I doubt you will ever lose money on it. Plus damn enjoyable as well!

The list of v12 new cars is very short now.
 
Soldato
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As mentioned, what they offer and what you get ‘can’ differ wildly.

i recently sold them my RS6 for practically what I paid 7+ months ago. They offered easily £2k+ more than any other local dealer including those online. Minimal reduction as the car was near perfect, though there was the obligatory £75 admin fee.

All in all very pleased, as the car wasn’t getting much use. My new car is on order with delivery around July, so I’ll just sit on my pennies saved until then.

Id certainly give WBAC another shot in future.
 
Soldato
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It's annoying as i'm in the markets for a new car and everything just seems to be so expensive in the 12-18 month old market. Not in any particular rush and just spent ~600 on tyres and servicing so might just ride it out and see where things lie next year.
 
Associate
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My RS4 is back to AUC levels in terms of valuation.

I like it, a lot, but if I can shift it for a profit, order a GR Yaris and invest the cash for 10-12 months......it’s makes a seriously tempting proposition.
 
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