WBAC Values

chanjy said:
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
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That's the one thing making me contemplate shifting the 440i, I can use the TT if I need a car whilst the wife is using the Passat. I'm just concerned that the market isn't going to drop back down to "normal" levels due to longer-reaching issues like the "chip shortage". Analysts reckon that could be 9-18 months, and that's far too long to wait before replacing the car!
 
chanjy said:
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
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I think a lot of them aren't going up for much more than sale price, but they're getting wrapped up in lurrvelly 9% APR finance deals.
 
paradigm said:
That's the one thing making me contemplate shifting the 440i, I can use the TT if I need a car whilst the wife is using the Passat. I'm just concerned that the market isn't going to drop back down to "normal" levels due to longer-reaching issues like the "chip shortage". Analysts reckon that could be 9-18 months, and that's far too long to wait before replacing the car!
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There's definitely an element of living in the now to consider alongside potential gains and losses from changing cars at the moment. Like you say, you could 'cash in' and then be sat without for 18 months whilst nothing normalises (and the longer it goes on, the more opportunity there is for it just become normal and not return to the situation as we knew it). Unless you have plans to do something with that cash, arguably it's best tied into a car you're using and enjoying anyway.
 
Kenai said:
There's definitely an element of living in the now to consider alongside potential gains and losses from changing cars at the moment. Like you say, you could 'cash in' and then be sat without for 18 months whilst nothing normalises (and the longer it goes on, the more opportunity there is for it just become normal and not return to the situation as we knew it). Unless you have plans to do something with that cash, arguably it's best tied into a car you're using and enjoying anyway.
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I can make a small profit on my RS4, switch to company EV scheme and use the cash to be financially sensible (debt/house move etc).
If things settle down, look to get a replacement fun car in due course.
A bit boring really.
 
I keep thinking about selling my car as the prices have increased since I started thinking about it at the beginning of the year, but financially I'll be in no better position as the prices have gone up on everything I've been looking at!!
 
support_bae said:
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.
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And sold. Easiest car sale ever. Got paid the full amount minus £75 transaction fee.
 
Martynt74 said:
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
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New cars are getting relatively more attractive, as they aren't going up as much in price as used. So It's still worth cashing in on used cars if you are considering buying new.
The nearly new sector has no value at all currently, often charging prices no better than a brand new model via a broker
 
HangTime said:
New cars are getting relatively more attractive, as they aren't going up as much in price as used. So It's still worth cashing in on used cars if you are considering buying new.
The nearly new sector has no value at all currently, often charging prices no better than a brand new model via a broker
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The value it offers is being able to get a car now without a potentially very long waiting period, and the car turning up without some options you ordered because the components aren’t available.
 
HangTime said:
So It's still worth cashing in on used cars if you are considering buying new.
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That's what I did. Managed to source a new car without the minimum 6 months lead time that I had been quoted, sold to WBAC for a great price. Didn't have car for two days before picking up new one but it was a price worth paying. |Helped that the car I bought has no options available for it except colour! (Sorento PHEV 3)

It's a pain trying to source a new car at the moment, but at least their prices aren't able to rise like used ones (except perhaps a falling discount amount).
 
Yeah there's obviously an issue with lead times for some new cars (so probably I should've said 'little' not 'no' value) but depending on what you want there are still discounts available. It will be like, buy a new car at say £7-8k off list price, or buy a used 20/21 plate for £7-9k off.
 
HangTime said:
Yeah there's obviously an issue with lead times for some new cars (so probably I should've said 'little' not 'no' value) but depending on what you want there are still discounts available. It will be like, buy a new car at say £7-8k off list price, or buy a used 20/21 plate for £7-9k off.
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The problem there usually is that new vehicles have better APR deals than used. So unless you are buying outright in cash, or financing using other methods, you'll be worse off buying the £9k discount "used" vehicle over the £8k discount new.
 
Sure but I don't think it stacks up even if paying cash. I'd much rather have a new vehicle than 'save' £1k which will be instantly lost on depreciation anyway because the 0 month old car with delivery mileage and 1 owner will be worth more than £1k more on resale than the 12 month old car with 8k miles and 2 owners or whatever.

The only thing the used car has going for it is it's sat there ready to be picked up rather than potentially having to wait for a new car; once you have the car in your possession, that benefit is lost as you have the newer car immediately available for any prospective buyer and it's just a more attractive purchase for any buyers than the older car.
 
Just got another weekly update on the SQ7 from WBAC. Its gone up another £455 this week on top of the £900 last week so is now £7,455 more than what we paid for it back in November. Has averaged over a £1000 per month increases and is showing no signs of dropping, if anything the monthly increases are getting bigger.
 
Interesting - I did a WBAC valuation on my car just before pandemic (2010 320i, 38k, saloon, full leather, heated seats, 20" alloys, bla bla) and having just done another prompted by this thread - it's come back at £500 more this time (£4.5k) - I wouldn't have thought older cars would have been seeing the same increase in demand tbh.

Not that I'm looking to sell quite yet anyway, I don't think I could get anything nicer in the same condition for 4.5k - but nice all the same!
 
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