Similar to my M340i although I have a few thousand less miles. WBAC was around £44k in September and now £36k
WBAC Values
- Thread starter Gibbo
- Start date
It was an avocado play. If they owned enough of the inventory they could set their own prices.Cazoo were on a land-grab about 15months ago with inflated offers but they've hit difficulties and are much less competitive now. At one point they were offering about 15% more than WBAC for our car, but now WBAC is ~6% higher. TBH I think they kinda shot themselves in the foot a bit, there were examples of them buying cars and then having to sell them at a loss, even on this forum there were one or two who'd sold them a car and were then tracking the resale price on their website.
They had redundancies in the UK last year plus closed their european operation, more job cuts coming it seems:
Cazoo plans UK site closures and job cuts after European exit
Cazoo plans to close sites and axe jobs in the UK as part of a ‘Revised 2023 plan’ following its 2022 exit from used car markets on the European mainland.www.am-online.com
Caporegime
Mustang was over 50k in April and is now down to 38 so I share your (theoretical) pain!
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Over a grand a month, ouch!
How much did you pay, though?
Caporegime
50k
Caporegime
It had dropped more but recovered this week!
My M850i WBAC value dropped like a rock compared to what they were estimating when I bought it 6 months and 3000 miles ago. WBAC currently about 8k under what it was when I bought it and Motorway about £6k under.
It doesn't look like BMW are selling them for much less than they were, though.
It doesn't look like BMW are selling them for much less than they were, though.
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I genuinely think the car buying companies went a bit crazy during the pandemic, they were trying to grab market share and offering unusually competitive prices, to the extent that they were very appealing compared to trade in and even private sale. Dealers couldn't compete with them and were struggling to get used stock in some cases. Cazoo were offering something like £8400 for a car that was valued around £6600 a year prior (despite being older with more miles), now offering under £6k. They've now reverted more to type trying to get cars in cheaply and make more profit per car. Dealers have been more 'normalised' in the sense that their pricing has been smoothed a bit, they were never overpaying as much to begin with so aren't going to drop prices as much.
There's still impact of course from less new cars being sold in past year or two = less used cars on the market, plus supply chain issues, but the market has softened and new car discounts are starting to improve (albeit still well short of pre-pandemic levels).
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Does anyone know how WBAC (and similar) react to self serviced cars?
The service book has the dates and mileage recorded.
Am I likely to get a significantly lower valuation for a car that I've serviced myself?
For context it's a 12 year old focus that had full main dealer service history for the first 6 years and then self serviced from then on.
I have most of the invoices for brakes, fluids, filters, oil, plugs etc which in a private sale I would pass on but I understand this all gets binned now with GDPR.
The service book has the dates and mileage recorded.
Am I likely to get a significantly lower valuation for a car that I've serviced myself?
For context it's a 12 year old focus that had full main dealer service history for the first 6 years and then self serviced from then on.
I have most of the invoices for brakes, fluids, filters, oil, plugs etc which in a private sale I would pass on but I understand this all gets binned now with GDPR.
Unless it's an RS or something I think it's highly unlikely that lack of FSH on a 12 year old Focus will impact their valuation much. Why not run it through quotes and compare the difference between FSH and Partial Service History?
They are pretty honest about pricing. It can go either way - I've been offered more and less as time moves on from when I do the quote.
I was thinking more along the lines of 4 days of emails at X value, then on day 5 offering a chunk more to try and draw the seller in.
Na they always just tell me it's gone up or down once the original offer has expired.
After that "Here's your increased valuation!" email a few posts back, they sent me regular emails for the past week hounding me to sell the car.
Today I receive another "Here's your increased valuation!" email - £8,000. A nice little jump from £7,610 to £7,870 to £8,000.
Today I receive another "Here's your increased valuation!" email - £8,000. A nice little jump from £7,610 to £7,870 to £8,000.
Soldato
Sometimes I think it’s a trick and they do it to get you to come and then knock the higher price back down.