WBAC Values

tezmo said:
Gents when selling on wbac and the like, how can the seller be certain that finance has been settled? Feels ripe for a “trust me bro” scam from my ropey looking winning dealer and my PCP has 38 grand on it so don’t want to take any chances.
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They do it in front of you usually plus they cannot legally sell it before its cleared so think about it logically are they really going to offer you something for your car then they cannot sell it to anyone else until the finance is cleared!

Also its a big issue if your car is worth more than £50K selling privately as most people will not have a bank account which allows them to transfer so much money to you in 1 day so your then into 2 transactions - do you trust someone enough if they have only given you part payment & do they trust you enough to take you at your word on releasing the car when the full amount has been paid!

Its almost impossible to sell any car over £50K privately without a massive amount of risk & trust between the buyer & seller nowadays.

Personally I would only use CarWOW or Motorway would avoid WBAC they lowball offers more than the other 2!
 
IC3 said:
Some cars are quick flips, I would imagine that the Ibiza isn't hard to sell, just like any other smaller hatchback. How much did you pay for it, and how long ago?
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Random follow up, I kept an eye on the dealer website for my car and by the time they'd sold it they almost certainly lost money.
I think the last price I seen it advertised for was about £500 over what they paid me so by the time they'd paid CarWow fees/the guy to pick it up and time spent prepping it (although it was pretty much ready to go on the forecourt) they can't have made more than pocket change on it.
 
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