Cazoo

cricketfanatic

Hi,
I'm thinking of selling my car via Cazoo. They've asked for my bank account details in advance (i.e. even before my appt) so that they can set up the payment mechanism in advance. Is this normal practice, has anyone had experience with them please?
Thanks for any info

KimJongUn88

Not had any dealings with them however they are a big company and are legitimate. I think they are linked to BCA/WBAC although I may stand corrected.  

Penguin_

Well yes because they need to check your account number & sort code match & are in the name you have given. If they don't match then they still have time to come back to you.

Richard53

Don't worry about someone legitimate knowing your bank details. Back in the days of cheques, you gave your account number and sort code to everyone you paid money to, neatly printed on a piece of paper.

searchlight123

KimJongUn88 said:

Not had any dealings with them however they are a big company and are legitimate. I think they are linked to BCA/WBAC although I may stand corrected.  

That's CINCH - similar company though. Buying and selling cars online. I know people that have used them and all have said they would sell again through them.

*j*

I always wondered how they managed to make up 300 points to check. This prompted me to have a look.

https://www.cazoo.co.uk/300-point-inspection-report/

Jenni_D

Richard53 said:

Don't worry about someone legitimate knowing your bank details. Back in the days of cheques, you gave your account number and sort code to everyone you paid money to, neatly printed on a piece of paper.

Exactly. Letting them know your account details doesn't let them suddenly rip money out of your account. They can't set up a standing order - only you can do that - and if they tried to set up a direct debit then you can easily get that reversed under the DD guarantee. I can't think of how else them having the details would allow them to "steal" money from you.

maxmycardagain

Spoke to a car trader who said Cazoo (as a car buyer) are paying more than almost any other platform as they sell the car to the public, whereas most others auction them or sell into the trade (more fingers/more pies) and they are very good, dont knock valuations down (unlike WBAC)  

Bigwheels1111

Just got a quote from Cazoo for my Peugeot 5008, 5y 6m old and 16500 miles £13150.00.
Paid £14350.00 pre reg with 8 miles on the clock after my test drive.
That means it’s depreciated £1200 in that time. 😱😱😱

iwb100

maxmycardagain said:

Spoke to a car trader who said Cazoo (as a car buyer) are paying more than almost any other platform as they sell the car to the public, whereas most others auction them or sell into the trade (more fingers/more pies) and they are very good, dont knock valuations down (unlike WBAC)  

Pay better than wbac generally. Motorway tend to be highest right now.

TBH we were ordering new cars a while ago and used all these services for valuations yet got more from the dealers as part exchange as they are desparate for second hand stock right now. Some dealers said if we showed them every valuation we had they’d pay more than the top one. And they did. Crazy times.