astonbuilder
Member Since: 29 Sep 2006
Location: MIDLANDS
Posts: 8135
  
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I know there has been talk in the press of 2nd hand car prices 'firming up' due to Covid and chip shortage on new cars but just sold my son's partners Skoda Fabia (listed on here originally) for more than we had it advertised for. They chipped the price for 2nd key not working and a chip/dent on bonnet but I challenged the latter and they immediately dropped the 'severity' of it and the deal was done and dusted in about 30 minutes.
Worth a double-check if you're selling anything I'd say 
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 21st Aug 2021 9:25 am |
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Moo
D3 Decade
Member Since: 13 Aug 2010
Location: UK
Posts: 14388
  
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I sold my Spider to them in June. Lost a bit for stone chips on the bonnet, but I suspected I would.
Painless and I got a very very good price. This is the third car sold through WBAC and have been pleased each time with the price and efficiency. New Defender L663 110 SE (known as Noddy!)
Sold Volvo XC90 R-Design (known as Basil)
Sold - D4 HSE (Known as Gerty)
No longer the Old Buses original owner 
231,000 miles and counting
05 S manual owned from March 2005
D4 Face lifted
Still original injectors and turbo
V8 Front brakes
BAS Remap, Allisport Intercooler and deCat
EGRs blanked
T-Max split charge
Hanibal Expeedition rack
Prospeed ladder
Duratrac tyres
IID BT
BAS FBH control
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| 21st Aug 2021 9:42 am |
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seddie
Member Since: 23 Mar 2010
Location: Aberdeenshire
Posts: 415
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Keep an eye on WBAC's Cinch to see if your car ends up being retailed, if not there, it will be sold through their British Car Auctions company.
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| 21st Aug 2021 10:30 am |
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astonbuilder
Member Since: 29 Sep 2006
Location: MIDLANDS
Posts: 8135
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I was told that as the Skoda was nearly 6 years old it was heading to BCA. Really don't see where the margins are in that given the price we got, what they are selling for at dealers/online sites (as I researched all this before advertising) and then all the costs associated with auction, etc. No way will this car go at auction for more than I got/was asking, not unless 2nd hand car prices have gone up 20% or more and I can't see that on this car. Even if they didn't do the repairs or sort the key out I'd imagine sliver thin profits available.....
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| 21st Aug 2021 10:39 am |
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Admirable
Member Since: 19 Jul 2015
Location: Fife
Posts: 1037
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Used car prices went up an average of 17% in July's guide
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| 21st Aug 2021 10:45 am |
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seddie
Member Since: 23 Mar 2010
Location: Aberdeenshire
Posts: 415
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My wifes BIL is a car sales manager at a franchised dealer and he tells me that he cannot get new cars to sell and he cannot get decent second car cars to make up the deficit. He thinks the problem is the price that WBAC is paying to buy good quality cars for their Cinch outlet, hoping that the lack of secondhand cars at the garages will see people paying slightly inflated prices at Cinch. He also said the prices of retailable cars i.e. cars over £4000+, at BCA are mostly selling for prices out of their margin range.
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| 21st Aug 2021 10:58 am |
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astonbuilder
Member Since: 29 Sep 2006
Location: MIDLANDS
Posts: 8135
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I've seen the market shift and my own Audi convertible I am seeing very similar cars for sale, and selling, for around £3-4k more than I paid for mine 6 months ago.
The Skoda I've just sold went for, round numbers, £7200. I had it up for a 'cheeky', but not unrealistic, £7.5k before dropping it to £7k (expecting high £6's as I would have fessed up on the key depending on the buyer, etc. only found out when WBAC did the inspection and I checked it out some more) as 'needed it gone' basically and not a sniff via autotrader. Genuinely was one of those 'fist to see will buy' cars with full dealer service and every maintenance receipt in a file and then things like premium Conti' tyres all round, etc.
They are selling at main dealers for mid to high £7k's, indy garages middling £7k's with one outlier at £8.5k (been there for months).
Where is the margin in one I've just sold? The 'damage' is, to me, on a £7k car, a £50-60 dentmaster on the wing ding and a touch/blow in on bonnet if you'd even bother to do them TBH. Assume the key is knackered (swopped batteries but seemed 'dead') and another £200+ there.
Even if you just polished it and parked it out front a max of maybe £800 in it for a dealer, and that assumes it goes at BCA for what WBAC paid for it, that isn't a business model. Fine if you're turning over high stocks but add time, travel, bit of prep', warranty and its a tough old world out there.....
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| 21st Aug 2021 11:43 am |
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Moo
D3 Decade
Member Since: 13 Aug 2010
Location: UK
Posts: 14388
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Many dealers will make money on the finance. New Defender L663 110 SE (known as Noddy!)
Sold Volvo XC90 R-Design (known as Basil)
Sold - D4 HSE (Known as Gerty)
No longer the Old Buses original owner
231,000 miles and counting
05 S manual owned from March 2005
D4 Face lifted
Still original injectors and turbo
V8 Front brakes
BAS Remap, Allisport Intercooler and deCat
EGRs blanked
T-Max split charge
Hanibal Expeedition rack
Prospeed ladder
Duratrac tyres
IID BT
BAS FBH control
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| 21st Aug 2021 11:57 am |
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astonbuilder
Member Since: 29 Sep 2006
Location: MIDLANDS
Posts: 8135
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Good point (Moo’s comment) but unless you have bad credit rating I would think more would go new on PCP/PCH for the finance example autotrader showed for this six year old car.
It’s a funny old world, buying cars
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| 21st Aug 2021 12:05 pm |
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astonbuilder
Member Since: 29 Sep 2006
Location: MIDLANDS
Posts: 8135
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Disco_Mikey wrote:The wife's DS has increased in value by £3k since January, up from £15.5k 
Yep, seeing that. The WBAC price for my Audi is £3680 more than I paid for it six months ago having just checked it
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| 21st Aug 2021 12:12 pm |
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DIY Ace
Member Since: 06 Feb 2019
Location: Hampshire
Posts: 971
 
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Just handed my Freelander 2 over to WBAC about two hours ago. Friendly service, efficient and paid me £2379 which I was pleased with.
The chap told me they make about £90 only on each vehicle, but currently transacting about 12,500 units per month. Nice numbers en masse! 2022 BMW i4 M50. Bought Oct 2022. 10,200 miles and counting...
2014 BMW 435d convertible. Bought July 2021. 58,000 miles and counting...
2005 Discovery 3 HSE Auto. Bought Feb 2019. 169,000 miles and counting...
2009 Freelander 2 XS Manual. Bought Sep 2013. SOLD Aug 2021 (already regretted!)
https://youtube.com/channel/UCO_u_0D45x9KGfiNstzLJnw
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| 21st Aug 2021 12:46 pm |
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astonbuilder
Member Since: 29 Sep 2006
Location: MIDLANDS
Posts: 8135
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Yeah, when you extrapolate that out the numbers, literally, start to add up!
My local place is a one room office in an industrial unit run by one bloke on his own four days a week and he said he does ‘about 1000 cars a year’. At even only ninety quid each that’s £90k….
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| 21st Aug 2021 12:56 pm |
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RRSTDV8
Member Since: 07 Apr 2014
Location: Here
Posts: 13541
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When I saw this was about WBAC, I wondered if astonbuilder was making extra cash by selling on the stuff he's delivering!  Visiting from rrsport.co.uk
2012 RRS SDV6
2008 RRS TDV8
"When you fire that first shot, no matter how right you feel, you have no idea who's going to die! You don't know who's children are going to scream and burn. How many hearts will be broken. How many lives shattered. How much blood will spill, until everybody does what they were always going to have to do from the very beginning: SIT DOWN AND TALK!"
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| 21st Aug 2021 3:25 pm |
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J77
Member Since: 03 Mar 2008
Location: Fife
Posts: 6270
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My 90 is currently valued at £2300 over list price through WBAC, up £500 from the week previous. Should be £2800 next week  23.5MY Defender 90 X-Dynamic SE D250 MHEV Pangea Green
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| 21st Aug 2021 4:34 pm |
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