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WBAC Values

Discussion in 'Motors' started by Gibbo, 25 May 2021.

  1. Basher

    Sgarrista

    Joined: 18 Oct 2002

    Posts: 9,152

    It's that simple, yes. For me (I used Motorway), the dealer paid me, then I paid the finance off whilst he was sat next to me.

    You're right, though - you're not really benefitting from this increase in used car values if you just jump into another car. A rising tide lifts all boats and all that.
     
  2. Greebo

    Caporegime

    Joined: 20 Jan 2005

    Posts: 41,595

    Location: Co Durham

    Yes it is as straightforward as that. problem is getting your replacement car. New cars for a lot of manufacturers are Christmas deliveries and anything used has a £3k+ premium on already so will wipe out your gains.
     
  3. Thomas. PLease.

    Soldato

    Joined: 5 Jul 2007

    Posts: 5,367

    Location: London

    I bought my M2comp end of 2020 for around £37.5k, kept watching WBAC values as I wasn't enamoured with the car, ended up rising from about £34k up toward £37.5k into May, prompted me to stick it up for sale and a dealer ended up coming to pay £39k. Not bad clearing a few grand after having covered 3k miles!
    Decided to just buy an old r56 cooper s for now as I only seem to drive for local trips at the moment. I've found the mini more entertaining than the M2 ever was.
     
  4. Lighters

    Wise Guy

    Joined: 11 Jun 2006

    Posts: 1,537

    Thanks for quick response, exactly what i was thinking.
    Will take a look and see if theres any offers or stock available but im guessing not otherwise everyone would be upgrading to newer models which I understand is what has increased the price to start with!

    Bonus is she doesn't have any specific car in mind so may be flexible and open the door for any offers.
    Any good places to browse?
     
  5. naefeart

    Mobster

    Joined: 26 Jul 2004

    Posts: 2,946

    Location: Aberdeen

    What didn’t you like about the M2Comp?

    I’m downsizing and I’ve got a new car on order, but I had been heavily leaning towards the M2Comp. It seemed to fit my requirements - smaller but with rear seats for nursery runs, good performance and handling etc. The only thing I hadn’t worked out was the fun factor aspect.

    If it wasn’t for the nursery runs I would have gone back to something with 2 seats. Sadly this is my life atm so the fun factor needs to be fairly high on my list.
     
  6. Thomas. PLease.

    Soldato

    Joined: 5 Jul 2007

    Posts: 5,367

    Location: London

    I just find new cars to be far too remote/contrived/too competent. No doubt it would be a fun car on track, but on the roads, it only seems to come alive when you start doing very silly things. Tyres, power and grip are all just too high to really get any enjoyment from as a road car imo.
     
  7. Nasher

    Capodecina

    Joined: 22 Nov 2006

    Posts: 21,817

    Not even that fun on track really. Just a normal road car but going quicker. Plus the running costs of doing that in something really powerful is crazy, there is a reason most people take something cheap or lightweight.
     
  8. 200sols

    Sgarrista

    Joined: 14 Jan 2018

    Posts: 9,059

    Location: Hampshire

    I did it again today, £20340 now.

    I checked the texts from WBAC.

    2nd March 2021 - £16300
    7th June 2021 - £20340.

    Seems crazy. I wonder how higher it will go.
     
  9. HangTime

    Man of Honour

    Joined: 25 Oct 2002

    Posts: 29,599

    Location: Hampshire

    Wow, 25% gain in 3 months, that's incredible. Our car has flatlined at best (although to be fair I don't have an exact comparison from a few months ago), I guess it's newer / rarer vehicles that are seeing the decent gains.
     
  10. sparkymark75

    Mobster

    Joined: 8 Jan 2003

    Posts: 2,989

    Location: Scotland

    You just prompted me to check mine. I paid £32,990 for my car, delivery mileage last August. Evans Halshaw are now saying I can get (up to) £33,165! Crazy! WBAC tend to be lower.
     
  11. 200sols

    Sgarrista

    Joined: 14 Jan 2018

    Posts: 9,059

    Location: Hampshire

    67 plate TT black edition not even a TTS. Not exactly rare :p
     
  12. Nasher

    Capodecina

    Joined: 22 Nov 2006

    Posts: 21,817

    They really do low ball you on some cars still lol
     
  13. rockermark

    Gangster

    Joined: 20 May 2012

    Posts: 149

    Some nice ones in today
    ‘69’ i30n
    ‘69’ m850
    ‘70’ M2 comp
    And a ‘70’ Bentley Bentayga
     
  14. paradigm

    Caporegime

    Joined: 26 Aug 2003

    Posts: 36,988

    Location: Staffordshire

    Been watching values on my 440i since I bought it, right now sitting at £23,900 (£19,000 in March) which is almost what I paid for it 9 months and 5,000 miles ago.

    Heck even the Wife's Passat has clawed back the difference and is worth £600~ less than we paid for it.

    The problem is that anything I'd replace my car with has also gone up similarly, meaning cost to change is the same as it ever was.
     
  15. Martynt74

    Capodecina

    Joined: 20 Feb 2004

    Posts: 17,648

    Location: Higher Walton

    True, unless you can get something new that's already in stock. Some of the deals i've seen on new stuff whilst looking hasn't been too bad. A brand new CX-5 was only about a grand cheaper than a 19 plate i'd seen.

    Some decent lease deals around too, given the high residual values currently about. Although that's on more run of the mill stuff i've seen. One was a Seat Arona FR for £6500 over 4 years which seemed like good cheap motoring if you're happy with the car (my wife wasn't).
     
  16. pugheaven

    Mobster

    Joined: 22 Apr 2008

    Posts: 3,599

    Location: Bryn Celyn Wales

    Looks like prices badck down again from last week, I've not lost the original £1k on the SRT8 hahaha... up and down like a yoyo
     
  17. Tenzo

    Wise Guy

    Joined: 23 Jan 2012

    Posts: 1,319

    Holding steady at the moment for me....still debating whether to do it.
     
  18. support_bae

    Gangster

    Joined: 10 Mar 2009

    Posts: 466

    I’m going to sell my pre facelift C63. WBAC are offering £4.5k more than I paid in February. I’m going to wait for things to settle down and buy a 2019/2020 facelift C63.

    Appointment booked for this afternoon. I’ll post back with an update after I have sold it.
     
  19. Greebo

    Caporegime

    Joined: 20 Jan 2005

    Posts: 41,595

    Location: Co Durham

    Thats a mad increase!
     
  20. chanjy

    Mobster

    Joined: 14 Dec 2003

    Posts: 4,970

    It is a great plan if you have another car for now. Prices on used cars should never go up like this and this is pretty mad! I imagine if WBAC are offering £4.5k more then it’ll retail for 7-8k more than you paid? Crazy times