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We Buy Any Car-Warning
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The are cars advertised online,the same model,age ect but with more milage than mine, for around £1500 up to £1700.WBAC offered me £475.
You got a fair trade price - what were you expecting?
If theres cars listed at £1500, then chances are they'll sell for maybe £1250.
Your car will go to auction. Maybe they'll get £600 for it. The buyer will pay £80 fees.
The buyer will then probably spend about £100 on refurbishment, ie, fixing bits that are wrong and maybe valeting it.
He'll have to allow for some sort of warranty, so lets say he sets aside £100 to cover future problems. Also, he'll have to advertise it so thats £50.
So its standing him £930. Assuming he gets the £1250, theres £320 profit. Out of that he'll need to pay VAT (£64) and tax (£80). He'll also have to cover his 'static' costs - a yard, rent, rates, electric, heating, etc. So lets allow £100 for that.
So his NET profit will be £76 - assuming of course you havent actually traded in a pup with a major problem.
Alternatively, all these people who whinge about WBAC valuations could maybe just not be lazy and advertise the car themselves??
Just a thought.0
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