Soldato
Wash your mouth out, how dare you, and in the Motors section as well. The horror!
WBAC Values
- Thread starter Gibbo
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10k profit i would sell
I had a look to see what impact entering damage online had and found it was surprisingly complicated. I reckon the average person looking for an easy sale might not know how / be bothered to fill it out, to enter small chips you have to pick from numerous location options. Jill Bloggs will be thinking "it's scratched on the side" and be faced with "oh god is that a quarter panel or what?". I was kind of surprised they didn't have a picture of a car where you could click on the locations (maybe they did and it wasn't obvious on mobile).
<5 chips on both rear and one side knocked off about £300 on a £7k car.
The point about replacement cars having gone up in price isn't quite as cut and dried as it seems, for example:
<5 chips on both rear and one side knocked off about £300 on a £7k car.
The point about replacement cars having gone up in price isn't quite as cut and dried as it seems, for example:
- New cars haven't gone up as much in price (although lead times are longer and some will have reduced discounts a bit). So it now costs less to switch from your current car to a brand new car than it would have done normally.
- If your circumstances have changed and you don't need/want as expensive a car (perhaps you don't commute nearly as much as when you bought the car), you can benefit due to the cheaper cars going up in price less. Exactly the same argument as with housing, rising house prices can be good if you are downsizing as you are left with more cash left over after trading down compared to before.
Soldato
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Just got back. It's been sold!
They offered me £204 less than the website. There was a small stone chip on the drivers wing, and a small chip on the door edge.
I'm happy with that as I had taken into account they might offer a bit less when I decided to sell.
Considering the price had already gone up £2k since I first checked can't complain.
They offered me £204 less than the website. There was a small stone chip on the drivers wing, and a small chip on the door edge.
I'm happy with that as I had taken into account they might offer a bit less when I decided to sell.
Considering the price had already gone up £2k since I first checked can't complain.
Good deal, congrats. What was it and how much did you get out of interest please?
Caporegime
Recently sold my dads C180 Compressor to WBAC (he didn’t want the faff of a private sale)
57 plate, 75k miles, full history (mainly Mercedes) but it only had 2 months MOT yet I got £3150 for it after the admin and quick payment fee.
Given the fan clutch had seized, the A/C compressor was borked, it needed 4 new tyres within a couple of thousand miles and it had plenty of stonechips and minor scratches I thought the price very good.
57 plate, 75k miles, full history (mainly Mercedes) but it only had 2 months MOT yet I got £3150 for it after the admin and quick payment fee.
Given the fan clutch had seized, the A/C compressor was borked, it needed 4 new tyres within a couple of thousand miles and it had plenty of stonechips and minor scratches I thought the price very good.
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geez yes well done a great great price for a what is a terrible car too.
Soldato
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The most stupid and ridiculous car ever made, but we all loved it
It was an electric smart car, only purchased at the start of lockdown due to work changes and needing a second car.Now things have changed again, we decided to see if we can make going back to a single car work....and since we can get back what we paid it seemed a no brainer.
WBAC offered £16k which is what we paid.
was good fun though...https://www.youtube.com/watch?v=n4uv1SJ6hhM
Shame I didn't keep the TTRS as I'd have made £10k profit
Here is the question though, with WBAC buying so many used cars and paying good money, generally better money than what garages want to pay, what or where are all the cars they are buying going?
Are they sitting on stock and then releasing it a few months later when values have risen even further to make more profit, are they getting broken for parts, has anyone who sold them a car checked if the car is back on the road?
Just wondering where the cars are going or is it a case of the garages and dealers refusing to match the WBAC offers in the end just end up buying said cars for more or at auctions?
I ask because the two dealerships close to me, are now looking somewhat empty which if it keeps up will surely hurt business if they get to a point where they have nothing to sell or are left with the cars no one wants.
Also the car groups are normally filled with people posting just got my new September 1st car, but this has reduced greatly, been in a few GR and Mustang groups could not help but noticed to have hardly seen any just got my new car post, think I've seen just one red GR delivered and another delivered which was missing a fuse to make the stereo work.
Interesting times ahead me thinks as its not going to improve this year so Winter may not see any softening in prices of used cars, maybe the opposite.
Are they sitting on stock and then releasing it a few months later when values have risen even further to make more profit, are they getting broken for parts, has anyone who sold them a car checked if the car is back on the road?
Just wondering where the cars are going or is it a case of the garages and dealers refusing to match the WBAC offers in the end just end up buying said cars for more or at auctions?
I ask because the two dealerships close to me, are now looking somewhat empty which if it keeps up will surely hurt business if they get to a point where they have nothing to sell or are left with the cars no one wants.
Also the car groups are normally filled with people posting just got my new September 1st car, but this has reduced greatly, been in a few GR and Mustang groups could not help but noticed to have hardly seen any just got my new car post, think I've seen just one red GR delivered and another delivered which was missing a fuse to make the stereo work.
Interesting times ahead me thinks as its not going to improve this year so Winter may not see any softening in prices of used cars, maybe the opposite.
Soldato
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The CEO of Bosch said this will go well into 2022, so I can't see used car prices going down....if anything, they will go up.
Soldato
They offered 27k for my year old Focus ST (2700 miles).
Went to the dealer later on and was offered 29k as I was enquiring about the ST Edition.
Not sure where they are going to sell it though at that price + profit.
I tried Motorway (not guaranteed as its an auction I think) and AT as well and their valuations ranged from 25k-28k
Went to the dealer later on and was offered 29k as I was enquiring about the ST Edition.
Not sure where they are going to sell it though at that price + profit.
I tried Motorway (not guaranteed as its an auction I think) and AT as well and their valuations ranged from 25k-28k
Apparently on Cinch, although I've not spotted my old M140i on there yet.
WBAC is part of BCA, the UK's largest trade auction house. Most of the cars are being sold quickly (usually days) for a small profit to car dealers who will then retail them to consumers for a further profit.
I got nearly £2k more than my motorway web quote for our Passat when it actually went into their auction (and £1.5k more than WBAC). Fuss free deal too, they came to our house rather than having to go to them.
Well WBAC own Cinch so the best cars will be sold direct by them I would imagine.
EDIT: Actually its BCA who own both Cinch and WBAC so any cars fitting the Cinch profile needing little work or no work will go straight to Cinch to sell at a profit, the rest through BCA auctions
My old Focus 1.6 Ecoboost was sold within a day of being on sale at the dealers in Ipswich. They didn’t even have time to put it on Autotrader as it never appeared on my alerts. Wonder how much they sold it for given they gave me £4,250 for it.
They’re advertising quite heavily and have apparently done very well during the lockdown. Whether they can keep that up as everyone starts going back to the office is another thing entirely. We’re back 3 out of 5 days from the 13th.
They've basically closed the ecosystem up. WBAC own Cinch - so most of the cars they are buying, they tart up and then sell on a juicy 9.9% APR finance agreement.
Soldato
Thinking of lumping away my 2010 520d which has 179k on it and has just been a work horse. They are offering £2800, I have had it 18 months and put 29k on it... I paid £4900 back then for it, pretty fair offer I think. I have a Z4 3.0 Auto which I can use in the mean time while I decide on my next motor (bit fed up of the 520d and it is manual)
Only issue is getting my private plate off
Only issue is getting my private plate off
You do it online now. Instant and new log book will be with you in 2-3 days.