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We buy any car devaluation

fred246
fred246 Posts: 3,620 Forumite
Sixth Anniversary 1,000 Posts Name Dropper
I sometimes value my car on webuyanycar.com It's interesting to see how long you can own a car without any depreciation. It's been worth about £500 for the last few years. Last week it was just over £500. Today it's £50. Less than 10% of its value a week ago. What's going on? The fuel in it is worth more than that.
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Comments

  • fred369
    fred369 Posts: 57 Forumite
    10 Posts Name Dropper
    Mines gone up £2,300 since I last looked before lockdown. 
  • People would have to be desperate to sell their car to WBAC, their valuations are way off and to add insult to injury the few 'fools' I know who have used them say they get offered a price only for them to drop it further when they inspect the car, utter madness!!
  • I suspect they are just ‘trade in’ prices? 
    You are paying for the convenience 
  • Mercdriver
    Mercdriver Posts: 3,898 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    fred369 said:
    Mines gone up £2,300 since I last looked before lockdown. 
    How do you do your maintenance?

  • KimJongUn88
    KimJongUn88 Posts: 424 Forumite
    100 Posts Second Anniversary Name Dropper
    Expect to have a further reduction applied when your version of a "full service history" doesn't accord with theirs. 
  • fred369 said:
    Mines gone up £2,300 since I last looked before lockdown. 
    How do you do your maintenance?

    By following Instagram videos.


    YouTube is sooo last year  ;)
  • The_Rainmaker
    The_Rainmaker Posts: 1,483 Forumite
    1,000 Posts Name Dropper Photogenic
    People would have to be desperate to sell their car to WBAC, their valuations are way off and to add insult to injury the few 'fools' I know who have used them say they get offered a price only for them to drop it further when they inspect the car, utter madness!!

    In your view, they have plenty of happy customers who want a no hassle means of selling their car.

    Have you any personal experience in dealing with WBAC or are you just spouting?
  • fred246
    fred246 Posts: 3,620 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    It's very motor industry. "Oh we can't give you much without stamps in the book. Never sell it". Then advertise it with full service history. "We'll give you the service history when you pick it up", "The service book will be in the post".
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