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  • FIRST POST
    • littlerock
    • By littlerock 12th May 18, 10:05 AM
    • 1,385Posts
    • 198Thanks
    littlerock
    Low valuation from webuyanycar
    • #1
    • 12th May 18, 10:05 AM
    Low valuation from webuyanycar 12th May 18 at 10:05 AM
    OH has a Peugeot Partner Crew Van (ie with rear windows) which is 8 years old. It had one previous owner and low mileage when he bought it 5 years ago. It has now done around 85,000 miles. He recently had a new clutch and tyres fitted and put it through its MOT and thought he might treat himself to a newer model. It has a full service history and a number of extras eg full air conditioning, stereo and is VGC. His garage confirmed it has no major issues.

    He put it into WBAC to get an idea of its value and it came up with £530. When he looked on-line, on various sites to see how much a similar model would cost to buy, they all cost between £3-4k - for vans with higher mileages and a lower spec (eg no rear windows.) He could find nothing for sale of a similar age to his for anything remotely like the WBAC valuation, everything was much higher. And newer ones were proportionately even higher.

    Why the huge mismatch between WBAC valuation and what is for sale? Any comments?
Page 1
    • Joe Horner
    • By Joe Horner 12th May 18, 10:19 AM
    • 4,501 Posts
    • 3,977 Thanks
    Joe Horner
    • #2
    • 12th May 18, 10:19 AM
    • #2
    • 12th May 18, 10:19 AM
    Basically, they don't want to buy it. Because of their name and advertising, they kinda have to make an offer on anything, so if it's something they don't want, they make an insultingly low one.

    It's a bit like the absurd insurance prices you often get at the tail end of a compariosn - the best price is under £200 and the worst is £10k or more. They're saying they don't want your business without flat refusing it.
    • motorguy
    • By motorguy 12th May 18, 10:42 AM
    • 17,308 Posts
    • 10,447 Thanks
    motorguy
    • #3
    • 12th May 18, 10:42 AM
    • #3
    • 12th May 18, 10:42 AM
    As above - they dont want it, so if they're going to be forced to buy it, then they want it at a stupidly cheap price.
    "We have normality. I repeat, we have normality. Anything you still can't cope with is therefore your own problem."
    • facade
    • By facade 12th May 18, 11:00 AM
    • 3,451 Posts
    • 1,809 Thanks
    facade
    • #4
    • 12th May 18, 11:00 AM
    • #4
    • 12th May 18, 11:00 AM
    WBAC are hardly going to give you retail price for it.


    They are going to just punt it on at auction (and they expect a profit, say £1000)
    If a trader buys it he is going to expect to make a profit, say another £1000-£1500.
    So your £3000 van is worth £500 to the first one in the chain.
    I want to go back to The Olden Days, when every single thing that I can think of was better.....

    (except air quality and Medical Science )
    • motorguy
    • By motorguy 12th May 18, 12:02 PM
    • 17,308 Posts
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    motorguy
    • #5
    • 12th May 18, 12:02 PM
    • #5
    • 12th May 18, 12:02 PM

    WBAC are hardly going to give you retail price for it.
    Originally posted by facade
    Did the O/P say they were expecting retail price?

    They're not even giving him trade price for it, and i think thats his point - and a fair one at that.


    They are going to just punt it on at auction (and they expect a profit, say £1000)
    If a trader buys it he is going to expect to make a profit, say another £1000-£1500.
    So your £3000 van is worth £500 to the first one in the chain.
    Originally posted by facade
    WBAC arent working to £1,000 profit at auction on a vehicle at that price. More like £500. Likewise a trader of a good quality £3.5K retail priced van is probably going to be buying it for around £2.5K at auction

    So that still leaves us with around a £1,200 "hole" in the price - which has been explained as clearly WBAC dont want it.
    Last edited by motorguy; 12-05-2018 at 12:04 PM.
    "We have normality. I repeat, we have normality. Anything you still can't cope with is therefore your own problem."
    • facade
    • By facade 12th May 18, 12:10 PM
    • 3,451 Posts
    • 1,809 Thanks
    facade
    • #6
    • 12th May 18, 12:10 PM
    • #6
    • 12th May 18, 12:10 PM
    Did the O/P say they were expecting retail price?
    Originally posted by motorguy

    He could find nothing for sale of a similar age to his for anything remotely like the WBAC valuation


    Seemed so to me.
    I want to go back to The Olden Days, when every single thing that I can think of was better.....

    (except air quality and Medical Science )
    • iolanthe07
    • By iolanthe07 12th May 18, 2:11 PM
    • 5,064 Posts
    • 4,750 Thanks
    iolanthe07
    • #7
    • 12th May 18, 2:11 PM
    • #7
    • 12th May 18, 2:11 PM
    I had a similar experience when searching for insurance quotes this morning. Quotes ranged from £175 to over £5000. It doesn't make any sense. Just sell you car privately to get a reasonable price.
    I used to think that good grammar is important, but now I know that good wine is importanter.
    • markudman
    • By markudman 12th May 18, 6:14 PM
    • 280 Posts
    • 163 Thanks
    markudman
    • #8
    • 12th May 18, 6:14 PM
    • #8
    • 12th May 18, 6:14 PM
    We Buy any car is owned by Car Giant, wbac, is known for under valuing, it will just go to auction.
    they are looking to buy cheap cars , not vans to retail, they give finance to anyone at highly inflated rates.
    that is there business model.
    We may not win by protesting, but if we donít protest we will lose.
    If we stand up to them, there is always a chance we will win.
    • markudman
    • By markudman 12th May 18, 6:16 PM
    • 280 Posts
    • 163 Thanks
    markudman
    • #9
    • 12th May 18, 6:16 PM
    • #9
    • 12th May 18, 6:16 PM
    Go to a dealer and use as a part exchange, you may get better money for it, or sell private, if you have the time.
    We may not win by protesting, but if we donít protest we will lose.
    If we stand up to them, there is always a chance we will win.
    • loskie
    • By loskie 12th May 18, 6:29 PM
    • 1,351 Posts
    • 789 Thanks
    loskie
    We Buy any car is owned by Car Giant, wbac, is known for under valuing, it will just go to auction.
    they are looking to buy cheap cars , not vans to retail, they give finance to anyone at highly inflated rates.
    that is there business model.
    Originally posted by markudman

    Are you sure? I thought it was owned by British Car Auctions
    • markudman
    • By markudman 12th May 18, 6:45 PM
    • 280 Posts
    • 163 Thanks
    markudman
    Sorry just researched it, my bad
    WeBuyAnyCar owner BCA sold to Haversham Holdings for £1.2bn in 2015
    We may not win by protesting, but if we donít protest we will lose.
    If we stand up to them, there is always a chance we will win.
    • littlerock
    • By littlerock 12th May 18, 9:52 PM
    • 1,385 Posts
    • 198 Thanks
    littlerock
    just to say OH was not looking for retail price just an idea of its trade value. I should say that it has rear windows and looks much more like a US Truck than a trade vehicle. Indeed there are a couple more in our neighbourhood owned by families and use a family cars as well as a Citroen Berlingo just round the corner, which is very similar.

    I also got a valuation for my little Skoda Fabia 1.4 automatic with full service history and just pased MOT. It is 10 years old and has done around 38k miles. I am very pleased with it and not thinking of selling and was just interested in the WBAC valuation after OHs experience. Result= £795.
    Last edited by littlerock; 12-05-2018 at 10:03 PM.
    • debtdebt
    • By debtdebt 13th May 18, 11:13 PM
    • 611 Posts
    • 395 Thanks
    debtdebt
    It's WeBuyAnyCar. Not any Van.

    Sell privately if you want the best price.
    • CardinalWolsey
    • By CardinalWolsey 14th May 18, 8:55 AM
    • 291 Posts
    • 275 Thanks
    CardinalWolsey
    Whilst it has the same owners, I wonder if www.webuyanyvan.com would give a more representative offer?
    • n217970
    • By n217970 14th May 18, 8:59 AM
    • 333 Posts
    • 274 Thanks
    n217970
    He recently had a new clutch and tyres fitted and put it through its MOT and thought he might treat himself to a newer model.
    Originally posted by littlerock
    and he is worried about WBAC undervaluing it? He clearly has money to chuck away getting work done and immediately wanting to swap.
    • AdrianC
    • By AdrianC 14th May 18, 1:31 PM
    • 18,388 Posts
    • 16,606 Thanks
    AdrianC
    ...looks much more like a US Truck than a trade vehicle.
    Originally posted by littlerock
    We're talking about a Berlingo, right...?
    • legionare64
    • By legionare64 14th May 18, 3:43 PM
    • 30 Posts
    • 13 Thanks
    legionare64
    Just out of curiosity I put my car into we buy anycar.
    40 year old Porsche 911. part service history. 5+ owners etc


    Insurance value £30k
    Realistic cash value £23k


    Webuyanycar .... £50 yes that is £50 no k after it
    • scd3scd4
    • By scd3scd4 14th May 18, 3:48 PM
    • 976 Posts
    • 833 Thanks
    scd3scd4
    They still dont want it................
    • reddwarf2002
    • By reddwarf2002 14th May 18, 3:51 PM
    • 476 Posts
    • 112 Thanks
    reddwarf2002
    Just out of curiosity I put my car into we buy anycar.
    40 year old Porsche 911. part service history. 5+ owners etc


    Insurance value £30k
    Realistic cash value £23k


    Webuyanycar .... £50 yes that is £50 no k after it
    Originally posted by legionare64
    I have a feeling the algorithm used in their software automatically defaults to £50 for cars/vehicles they have never or rarely bought.
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