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Selling to we buy any car

Gidged500
Gidged500 Posts: 40 Forumite
Fourth Anniversary 10 Posts
Hi everyone , 
looking for some advice/help. Had my car valued online by we buy any car. They are offering 3k more than any other garage. 
My car is on pcp and I’ve been told I can’t sell the car to we buy any car until I own it. 
So should I get a loan and buy it then sell it ? Problem with this is that I will be charged interest on the loan and will be charged for paying it off early. What’s the best thing to do 
«13

Comments

  • Herzlos
    Herzlos Posts: 15,421 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You can clear a loan within 14 days cooling off period with no penalty (beyond pro-rata interest). WBAC should pay you within a week.
    However, WBAC should be able to clear the PCP as part of the deal; so the finance company get their settlement figure and you get anything left over.


  • Grumpy_chap
    Grumpy_chap Posts: 17,246 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Combo Breaker
    BOWFER said:
    Get a settlement figure from the PCP company.
    Specifically ask for a settlement figure to buy the car, not the remaining balance on the finance - they're totally different.
    Once you have that, show it to WBAC and they will settle it for you.
    Then any balance left over will be given to you.
    This ^^^^^^
  • tacpot12
    tacpot12 Posts: 9,060 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Make sure you have described the car accurately to WBAC. Their offer can be reduced when they inspect the car. 
    The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.
  • greyteam1959
    greyteam1959 Posts: 4,665 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Be very careful what you are doing with WBAC.
    Their offer price will start tumbling when they actually inspect the car.

  • Flight3287462
    Flight3287462 Posts: 1,195 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    Be very careful what you are doing with WBAC.
    Their offer price will start tumbling when they actually inspect the car.

    Aye, but only if it is not as described.
  • SaverRate
    SaverRate Posts: 955 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    have a look at Motorway, although not the same as WBAC we got a higher price and was very easy. The dealer thats buying the car will settle the finance for you. (I do not work for motorway we just found them by chance and have now sold multiple cars through them!)
    FTB - April 2020 
  • greyteam1959
    greyteam1959 Posts: 4,665 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Be very careful what you are doing with WBAC.
    Their offer price will start tumbling when they actually inspect the car.

    Aye, but only if it is not as described.
    They seem to find scratches etc that you never knew where there !!
  • flashg67
    flashg67 Posts: 4,107 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I had a good experience with WBAC with a PCP car - they found very little wrong with the car and I got near enough what was offered online. I took my finance settlement figure in and they cleared it, sending the balance to my bank within a few days.
  • BOWFER
    BOWFER Posts: 1,516 Forumite
    1,000 Posts Second Anniversary Name Dropper
    I've had good experiences with WBAC.
    I've also had good experiences just driving around local dealers
    They're all desperate for stock right now.
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