WBAC Values

Martynt74 said:
Yeah. It’s annoying.

I’ve spoken to the DVLA who’ve opened a case and say it can take 4 weeks.

Not sure what the deal is with insurance now though as obviously the cars not technically registered to her. She’s away on holiday now so hopefully it’s safe on the drive!
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Registered keeper != owner
 
Dammit, Seems one of the Mazda garages didn't upload the service history for my car back in 2021 prior to me buying it. As such Motorway class it as Partial Service History.

It came in slightly under the reserve. However having spoken to the garage it'll take 2 weeks to get it updated. The other negative being i have no paperwork for the one done by the garage i bought it from in 2022, and since it got very heated after i had to open a credit card complaint with them, i'm not sure they'll be forthcoming with any paperwork to support that one!

Figure i'm just gonna take the hit on it. Overall it's going to have only cost me £300 in a years ownership and i can live with that.
 
Cadder said:
Quite a drop in value just over the past month or so - £8,000 down to £7,440. I'm hoping the cars I'm looking at are dropping by a similar percentage!
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Now down to £7,075.

If this is an indicator that used car prices are falling I'll be happy as we're looking at cars around £20k.
 
Cadder said:
Now down to £7,075.

If this is an indicator that used car prices are falling I'll be happy as we're looking at cars around £20k.
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Prices are falling as M2 manuals were all close to 30k 6-12 months ago, now there are some at dealers as low as 26k albeit with miles on but I’ve just got one with much lower miles for less money. So yeah market is slow and thus prices are dropping.

One car I had my eye on was £28,880 and they’ve been dropping to over last few months bit by bit, funny thing is when I emailed them asking for a better price I was told the price is the price, yet weeks later they are dropping it, the same car is now still for sale at dealership for £26,995
Maybe these dealers should not dismiss people asking for money off as back then if they had said 27k I’d probably have bought it but glad I waited as for less money I’ve got a younger and lower miles car.

Prices are coming down so be patient and try to never pay asking, it’s a buyers market again now for majority of cars. Also if possible try to find same model privately and you might save further.

Last few cars I’ve purchased I get trade values using various sites and will then offer a bit more than the best trade offer, some private sellers get insulted you won’t give them dealership prices whereas others totally get it and work with you.
 
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I was thinking of just buying through Cazoo to save the hassle but that's not a bad idea. Could save enough to make it worth buying private.
 
Ice twist - bev stick

This September, Cap Live is reporting a 1.9% or c.£420 decline in values at the 3-year, 60,000 mile point. This is thelargest drop in the month since 2008, when values dropped by 4.1% as the financial crisis at the time affected themarket. It is important to put into context, however, that used car values currently remain some 25-30% above wherethey were before those extraordinary increases in 2021. The downward movements now being experienced are arelatively gentle realignment, not a crash and they are no longer increasing in severity – value drops have beenconsistent for the last 3-months now
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Amongst the mainstream sectors, SUVs have fared the worst, dropping by an average of 2.1% or just over £500, withall sizes faring similarly with their average drops. There have been only a handful of SUVs experiencing an upturn invalues, and these have been some of the more niche vehicles such as the Citroen C4 Cactus Diesel and the Kia StonicDiesel, whereas Land Rover product has seen some of the largest drops, perhaps not helped by bad press aroundtheft and insurance premiums for these vehicles. New car supply is also improving for Land Rover product, so morepart-exchanges are appearing in the market. On average, Land Rovers have dropped by 3.8% or c.£1,300 at the 3-yearpoint. There were other sizeable drops in values in September for SUVs, including the BMW X2 down between 3% and3.5% dependent on the fuel-type, the Jaguar F-Pace down 6% for the diesel model and the Vauxhall Crossland X andGrandland X, down for both petrol and diesel fuel-types, by between 3% and 5%.
..
The devil really is in the detail for EVs, however. We have continued to see small and medium-sized models performrelatively well against the rest of the market; many of these now carry a trade value that is far enough away frommore aspirational vehicles making them look attractive in the retail market, even with a healthy marginapplied. Examples of vehicles that have seen values increase are the Renault Zoe up 2%/£155, Nissan Leaf up2%/£200, Hyundai Ioniq Electric up 3%/£300 and MG 5 Electric up 3%/£325, all at the 3-year age point. There hasbeen a notable number of EVs that have seen no change in value too, like the Fiat 500 Electric, Peugeot 208 Electricand Volkswagen ID.3, which is no mean feat when the rest of the market has been softening. Although not all smalland medium EVs have performed well, as reductions have been applied to the Honda e (-4.8%/£600) and Mini CooperElectric (-2%/£280).The trend continued for the more expensive EVs, along with the models that are relatively new in their lifecycle in theused market, to be under more pressure due to their higher price point, although many of the reductions are far lessthan those we have seen in previous months. When looking at the 1-year age point, notable downward movers havebeen the Audi E-Tron GT down 3.5%/£2,400, BMW iX1 down 3.6%/£1,450, Citroen C4X down 5%/£1,275, Kia EV6down 3%/£1,175, and Nissan Ariya down 3%/£1,200. Values for the Tesla Model 3 have come down by 2.2%/£670 asbuyers have plenty of choice when buying one of these.
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Supply is totally different out there now, prices are tumbling for the average car.

The fun of updating your wbac valuation and seeing a bigger number is over. For me at least.
 
Mine has dropped from £7,075 (6th August) to £6,400 a week or so ago. Not sure the cars I have been looking at have dropped the same percent, or even amount.
 
Another successful Motorway sale recently in our family. My dad tried it after my success with the Mégane RS a few months back.

He got shot of his Maserati using them. He too got a Better deal than the dealer offered for part ex, by a few thousand. Certainly worth a try over WBAC imo. Hassle free for him too
 
kinger8938 said:
Another successful Motorway sale recently in our family. My dad tried it after my success with the Mégane RS a few months back.

He got shot of his Maserati using them. He too got a Better deal than the dealer offered for part ex, by a few thousand. Certainly worth a try over WBAC imo. Hassle free for him too
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Agreed!

WBAC are offering peanuts nowadays now market is in downturn for example they were typically 109-117k for my 458 a year ago.

Last week they were £91,000
Motorway estimated £114,000 and the best bid was £107,000 which I rejected.

A few days later a Ferrari dealer offered £110,000 to buy the car which I rejected and the car has now sold privately at close to my asking.

Yes in short motorway are much fairer than WBAC who are currently offering very low.
 
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