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We buy any car devaluation

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Comments

  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Herzlos said:
    Anything more than 6 years old goes to auction so they'll offer bottom end auction value, anything under goes to their showrooms (they are owned by one of the car superstores)
    They're owned by British Car Auctions, who are owned by the same venture capital firm as Hertz car rentals. BCA also run the "Trade Centre UK" superstores.
  • Mercdriver
    Mercdriver Posts: 3,898 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Herzlos said:
    I suspect they are just ‘trade in’ prices? 


    A £2.5k car from a dealer was probably traded in for about £500 - they need at least a £1k margin (probably more due to the higher liabilities).

    If you actually think your car is worth more than a dealer car with a paper history, then list it for the same price and see what happens. When no-one bits, knock £1k off, then again.
    Fred won't have a paper history, just some ECP receipts and youtube videos in his browser history
  • fred246
    fred246 Posts: 3,620 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    I always sell my cars very easily privately. People that know anything about cars realize that it's rare to have a vehicle that has been so well looked after. There doesn't seem to be many people on this forum that know anything about cars.
  • fred369
    fred369 Posts: 57 Forumite
    10 Posts Name Dropper
    fred246 said:
    I always sell my cars very easily privately. People that know anything about cars realize that it's rare to have a vehicle that has been so well looked after. There doesn't seem to be many people on this forum that know anything about cars.
    If WBAC value it at £500 and a dealer would sell for £2500, what sort of price do you get selling private?
  • fred246
    fred246 Posts: 3,620 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    WBAC were offering £50. That was my original question. I would sell it for some figure between £50 and £2500.
  • fred369
    fred369 Posts: 57 Forumite
    10 Posts Name Dropper
    fred246 said:
    WBAC were offering £50. That was my original question. I would sell it for some figure between £50 and £2500.
    You answer like a Tory politician on a Covid breach. 
  • motorguy
    motorguy Posts: 22,615 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 7 July 2020 at 10:43AM
    fred246 said:
    WBAC were offering £50. That was my original question. I would sell it for some figure between £50 and £2500.
    Your original question was whats going on relative to your WBAC price.  Adrian was correct with - "They dont want your car this week".

    If you're asking for feedback on what your asking price should be if you were to advertise it privately, then we'd need information on make, model, year, mileage.  Otherwise its "pitch it somewhere in between".
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Fred won't have a paper history, just some ECP receipts and youtube videos in his browser history
    It's probably best not to investigate the videos in his browser history too closely.
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