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whatcar valuation

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Comments

  • bigjl
    bigjl Posts: 6,457 Forumite
    Unlikely.

    WBAC bid bottom book and always try and push a bit further when you turn up.

    Wewantanycar pay a bit better in my experience.

    If WBAC bid £3300 then they will hope to push it down to at least £2800.

    This will then go to BCA and be sold for as much as they can get, though unlikely to be much more than £3500 but they also get buyers premium of a few hundred for selling their own car.

    Even the most ambitious trader would struggle to put £1500 margin on a £3500 car.

    How much do people think small traders make?

    The trade in quote of £3500 is fair.

    As said the £2000 bid was a trader trying to profiteer in the current climate with VAG diesels.
  • efunc
    efunc Posts: 442 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 23 October 2015 at 9:46PM
    Sorry to hijack OP's thread, but what I mean is can the WBAC online quote be a good metric to determining a car's private resale value? I'm in the market for an Audi TT for example. The seller has advertised it for £8k privately in Autotrader. When I put the details in WBAC I get a value of £5,114. OK, so I add £1.5k to it and it gives me closer to £7k which is some realistic perspective I can offer the seller, a bit of objectivity and a good bargaining tool. Having seen the car in the flesh I can then get another more accurate WBAC quote reflecting it's lack of service history and other details, and this time it comes to £4,387. So now I can go back to the seller with £6k as a much more realistic figure. Is this a more or less accurate way to treat the valuation they provide? It's quite handy testing all the variables to see how it affects the quote.
  • efunc wrote: »
    Sorry to hijack OP's thread, but what I mean is can the WBAC online quote be a good metric to determining a car's private resale value? I'm in the market for an Audi TT for example. The seller has advertised it for £8k privately in Autotrader. When I put the details in WBAC I get a value of £5,114. OK, so I add £1.5k to it and it gives me closer to £7k which is some realistic perspective I can offer the seller, a bit of objectivity and a good bargaining tool. Having seen the car in the flesh I can then get another more accurate WBAC quote reflecting it's lack of service history and other details, and this time it comes to £4,387. So now I can go back to the seller with £6k as a much more realistic figure. Is this a more or less accurate way to treat the valuation they provide? It's quite handy testing all the variables to see how it affects the quote.

    Or go to whatcar valuation and auto trader free valuation or Google car valuation and take an average of the hundreds of tools out there for a fair price rather than relying on wbac and wwac and adding random amounts on and hoping for a fair price.
  • efunc
    efunc Posts: 442 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    I tried what car - it didn't allow me to specify body damage, number of owners, options installed, amount of service history, etc. frankly it was pants. Gave me an inflated blanket price that may have been ok for a mint showroom example but hardly appropriate for the car I was investigating.
  • w00519772
    w00519772 Posts: 1,297 Forumite
    I visited three garages yesterday and they all valued my car at around £3K trade in, which I was very disappointed about as WhatCar, AA and Glass value it at around £4.2K.

    I queried this with the third garage who said that most dealers use HPI to value cars (which is a paid for subscription based service). He suggested looking at the Parkers guide, which I have done and the part exchange price is £3,100.

    Therefore I am concluding that WhatCar, AA and Glass are hugely ambitious. The Parkers guide is more realistic. Does anyone agree/disagree?
  • force_ten
    force_ten Posts: 1,931 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    A VW main dealer will not want a 2007 car with 81K on the clock on their forecourt so they will take it as a part ex and then it will be moved along to another dealer

    they may have contacts with another garage that will sell cars of that age and milage and it may go to them, but there is a very good chance that it will go straight into the auctions

    I part exed a car a few years ago and got to the dealer at 15.00 hrs and the dealer was keen to get all my stuff out of the car ASAP the reason for that the car was going into an auction at 18.00hrs that night

    so good chance the price the dealer is offering is what he is likely to get back at the auction
  • beno123
    beno123 Posts: 12 Forumite
    I don't understand why people are surprised about an over inflated car valuation - all the big auto websites use similar data providers, CAP/CDL.

    If you want a true valuation, use Motoring.co.uk's MyMotoring platform. You input your mileage every month for an accurate valuation...
  • gord115
    gord115 Posts: 1,086 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    w00519772 wrote: »
    I do like Golfs'. I am thinking about trading it in for another VW Golf (Petrol). I have a Diesal at the moment.

    Would all thew news surrounding VW stop you buying a VW Petrol? I guess the news affects Seat, Scoda, Audi etc as well as they are all brands owned by VW. All the cars I like!

    Petrol VWs shouldn't be affected. If you drive less than about 14000 miles per year,you'd be better off with petrol anyway.
  • w00519772 wrote: »
    Voltswagon Golf TDI 2.0 Litre Diesal, 81000 miles, 07 plate.

    Hi we just bought a very similar car - just had the fan belt changed too £3,650 paying cash to a private seller.

    Think its the VW scandal bringing the prices down.

    Paid off all Catalogues 10.10.2014
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