We Buy any Car - Changing their mind

Alderbank

Fair point.

However, 47K is the asking price. They might be hoping to sell for 42K. That would include any remedial work to bring it up to scratch...and of course a decent profit.
So they might have bought it in for 37K.

Tasty cars though.

Bmd1989

It WAS lovely 😂 zero love for her now haha. 

Bmd1989

Also that means my car has dropped in price 2k month over 6 months of ownership.. That’s just wrong surly? 

sheramber

As they said it was revelued after a HPI check have you done one to see what it says?

eskbanker

Bmd1989 said:

Also that means my car has dropped in price 2k month over 6 months of ownership.. That’s just wrong surly? 

Why would that be inherently wrong, when by your own admission the prices crashed recently?  You also need to factor in the WBAC margin, i.e. even if you sold to them the day after you bought, you shouldn't expect their offered price to be anywhere close to what you'd paid for it....

Bmd1989

Like previously mentioned about two months ago, my car was going for more than what I paid for it by a significant amount of money. I saw a book price over £50,000. The market went right up and now it is crashed their evaluations I personally think are based on when it was up and not when it’s gone back down, but really truthfully how is this my issue when I have proof that the car is no longer mine, they had the chance to sort all of this when evaluating it, these are the professionals aren’t they? No, I’m being scrutinised for the mistake? Come Friday they would’ve had the car two weeks I don’t know the condition of that car it’s not tax it’s not tested and I will be another owner on that logbook which the devaluates my car significantly

Bmd1989

Sorry I meant to say no insurance not MOT

caprikid1

At the end of the day WBAC are professional car buyers, they win some they lose some. Unless the OP has breached any other the terms of the contract then I see no reason why WBAC can avoid paying up.

If the market had peaked the next week could the OP come back and ask for more money ? 100% no.

Car dealers try this on all the time, salesman offers too much on a part EX , deal gets completed on swap over they try and weasel out of it because the boss was unhappy over the PX figure.

The OP should be able to get his entire money back. I am not convinced that this will not add another keeper to the log book because the OP will effectively have owned it twice, whilst WBAC won't be a keeper he will be on the log book trice.

The OP just needs to be firm , feels like a solid contract with no grounds to argue a material mistake that the OP should have known about. WBAC are very much the experts here and the OP is very much the little man, WBAC will not want this to go to court and should buckle quite quickly, personally I would not even meet in the middle, I see no reason to.

Exodi

eskbanker said:

Bmd1989 said:

Also that means my car has dropped in price 2k month over 6 months of ownership.. That’s just wrong surly? 

Why would that be inherently wrong, when by your own admission the prices crashed recently?  You also need to factor in the WBAC margin, i.e. even if you sold to them the day after you bought, you shouldn't expect their offered price to be anywhere close to what you'd paid for it....

This. This point keeps being missed time and time and time again in this thread.

Even if the car is worth £44k or whatever at a dealer or on Auto Trader or whatever- WBAC WOULD NOT OFFER TO BUY A CAR FOR RETAIL PRICE. I really don't understand how people keep missing this. They need to make a margin on the car, and you can expect it will be a significant one. It also has one more owner than when the OP bought it.

They sell all their cars at auction. The people buying the cars at auction will be trade dealers who want to pay a trade price so they can make also a margin on the car when they re-sell it at retail price.

It makes zero sense for WBAC to buy a car for retail price, and then sell it at auction at a trade price, incurring a significant loss. They wouldn't stay in business very long.

This isn't some hidden secret, WBAC are infamous for lowballing on this forum - it is their whole business model.

It was an immediate red flag that the OP bought the car at retail for £44k with finance, and was able to sell it to WBAC (famous for making low offers) for £43k with one additional owner and with WBAC also incurring the early settlement fees, all within 6 months.

I'm not suggesting that the OP doesn't have a valid complaint, and I'm not suggesting that it is necessarily obvious to the average retail buyer why it doesn't make sense for WBAC to buy goods at retail price. But I'd have hoped that it is obvious to forumgoers giving advice. I do suspect that the OP isn't as ignorant to this as he lets on, given he is selling a car he has only just purchased, but there is no way to know.

I think most suggest a complaint.

caprikid1 said:

The OP just needs to be firm , feels like a solid contract with no grounds to argue a material mistake that the OP should have known about. WBAC are very much the experts here and the OP is very much the little man, WBAC will not want this to go to court and should buckle quite quickly, personally I would not even meet in the middle, I see no reason to.

And so people don't characterise me - I agree with this also. I'm not disputing the OP's position. They offered too much and done the deal.

Aylesbury_Duck

^^ I agree with this.  I think OP has a valid complaint here, because WBAC look to have messed up.  I can see why OP wants to take the money and run, it does look to be a deal that's too good to be true.