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Selling to we buy any car

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  • WBAC are good - we've used them - but you have to be realistic and accept that their business model is based on tempting you in with a good initial offer which then magically reduces once they give the car the once-over. The first figure is the anticipated trade value from them to buy the car, it's then adjusted to reflect any issues that become known on the thorough inspection. That's just how it works, as long as you're aware when dealing with them it's just fine.
  • BOWFER
    BOWFER Posts: 1,516 Forumite
    1,000 Posts Second Anniversary Name Dropper
    edited 16 June 2021 at 12:43PM
    As with any business, WBAC are only as good as the person you deal with.
    I've had some of their employees annoy me to the point I've driven off.
    Then again I've had one guy who noticed a big chip on the bonnet that must have literally happened on my way there, who then offered to give me time to go to a Halfords just down the road and touch it up, rather than deduct 'whatever' from the bill.
    It works both ways too, in that I've sold them a car with a clutch so juddery that selling it privately would have been impossible.
    They don't drive the cars.
  • Flight3287462
    Flight3287462 Posts: 1,195 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    ... business model is based on tempting you in with a good initial offer which then magically reduces once they give the car the once-over. The first figure is the anticipated trade value from them to buy the car, it's then adjusted to reflect any issues that become known on the thorough inspection. 
    In other words you weren't honest with any issues(or didn't notice) when you described the car in the first place.  The price doesn't magically reduce.
  • BOWFER
    BOWFER Posts: 1,516 Forumite
    1,000 Posts Second Anniversary Name Dropper
    edited 16 June 2021 at 2:46PM

    In other words you weren't honest with any issues(or didn't notice) when you described the car in the first place.  The price doesn't magically reduce.
    I'd say that's harsh.
    I look after my cars, but I've still had them try and reduce the offer.
    It's their job, obviously, but some seem to get a kick out of it too.
    Those are the ones I've driven away from and gone to other places instead.
    With WBAC the secret is not to show any fear or desperation.
    They have targets to meet as well, so they really do want to buy your car and they really don't want you driving away.
    But have a plan B.
  • ... business model is based on tempting you in with a good initial offer which then magically reduces once they give the car the once-over. The first figure is the anticipated trade value from them to buy the car, it's then adjusted to reflect any issues that become known on the thorough inspection. 
    In other words you weren't honest with any issues(or didn't notice) when you described the car in the first place.  The price doesn't magically reduce.
    Oh my word. No.

    We described it in fair detail and answered all questions fully and truthfully - I've moved many cars on and know from my teen years that trying to hide things is a waste of time as they'll always become known and that creates an element of mistrust. We also showed it to the rep on first enquiry as it was then parked outside of the portacabin where he was based. All that happens in the first instance is (or was for us) that the rep enters the car's and our details into his system and that generates a valuation straight off the standard industry value databases. The rep has no say in that. When we went back later to complete the deal with spare keys, necessary paperwork etc that's when he started poring over it with the proverbial fine-toothed comb, as expected. And that's when he matches what we described as e.g. a small mark on the tailgate with "chipped paintwork of x inches diameter or length, -£75" or whatever. 

    The price is expected to reduce from the initial trade valuation, unless it's in pristine A1 condition and there's nothing for him to assign a value to to subtract from the initial figure. 

    Honestly. Some people can't wait to jump in feet first and immediately assume subterfuge. What a life some lead, instead of just going with a process that says "here's our start point, we'll now try to reduce it a bit based on what we can see, measure and ascribe value to."
  • doningtonphil
    doningtonphil Posts: 453 Forumite
    Part of the Furniture 100 Posts
    edited 16 June 2021 at 8:09PM
    we got a best offer on a Fiat 500 from Arnold Clark.  When we took it in the manager went out to look at the car and came back in wiht a list of potential cuasses for them to reduce the price and he seemed very surprised that I had taken them all in to account when I described the car.  They paid s exactly what was offered on line.  So I think they must be geared up/used to punters viewing their cars through rose tinted specs
  • Steve182
    Steve182 Posts: 623 Forumite
    Fourth Anniversary 500 Posts Photogenic Name Dropper
    edited 23 June 2021 at 11:44PM
    It's my understanding that WBAC just send them to auction.........so if that's true you must get below auction price?


    “Like a bunch of cod fishermen after all the cod’s been overfished, they don’t catch a lot of cod, but they keep on fishing in the same waters. That’s what’s happened to all these value investors. Maybe they should move to where the fish are.”   Charlie Munger, vice chairman, Berkshire Hathaway
  • gord115
    gord115 Posts: 1,077 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Steve182 said:
    It's my understanding that WBAC just send them to auction.........so if that's true you must get below auction price?


    When you go to the WBAC website it is advertising "Chinch" is it the same company and that's where the stock comes from?
  • Steve182
    Steve182 Posts: 623 Forumite
    Fourth Anniversary 500 Posts Photogenic Name Dropper
    edited 24 June 2021 at 10:52PM
    gord115 said:
    Steve182 said:
    It's my understanding that WBAC just send them to auction.........so if that's true you must get below auction price?


    When you go to the WBAC website it is advertising "Chinch" is it the same company and that's where the stock comes from?
    I found this on Google...

    "When you sell a car to webuyanycar.com it is supplied back into the trade and may eventually be purchased by a trade or individual buyer."

    Either way they cannot give you anything more than trade price, which is to be expected...they are a business offering a convenient means of used car disposal. A worthwhile service!

    Alternative - Put it in Autotrader, pay listing fees, maybe deal with 5 to 20 potential buyers, receive some daft offers 50% below market value, meet some tyre kickers, eventually sell a perhaps 10% to 20% more than WBAC price?

    It's a choice.....
    “Like a bunch of cod fishermen after all the cod’s been overfished, they don’t catch a lot of cod, but they keep on fishing in the same waters. That’s what’s happened to all these value investors. Maybe they should move to where the fish are.”   Charlie Munger, vice chairman, Berkshire Hathaway
  • BOWFER
    BOWFER Posts: 1,516 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Steve182 said:
    gord115 said:
    Steve182 said:
    It's my understanding that WBAC just send them to auction.........so if that's true you must get below auction price?


    When you go to the WBAC website it is advertising "Chinch" is it the same company and that's where the stock comes from?
    I found this on Google...

    "When you sell a car to webuyanycar.com it is supplied back into the trade and may eventually be purchased by a trade or individual buyer."

    Either way they cannot give you anything more than trade price, which is to be expected...they are a business offering a convenient means of used car disposal. A worthwhile service!

    Alternative - Put it in Autotrader, pay listing fees, maybe deal with 5 to 20 potential buyers, receive some daft offers 50% below market value, meet some tyre kickers, eventually sell a perhaps 10% to 20% more than WBAC price?

    It's a choice.....
    There are alternatives, lots of garages big and small are now offering to buy your car off you.
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