The majority of you have heard radio advertisements or TV commercials recommending the sale of cars privately to gain greater profits. However vehicle validation services such as We Buy Any Car are growing popular as considered easy, time efficient and an overall pleasant experience for customers. In laymans, the seller exchanges their old car and gains a big pocket of cash, rather than attending dealerships with massive bargain power which could effect profit.
So how true is this sales pitch? Well it is true that using this type of service does offer a much more stress-free process when selling a car, especially in urgency because it can be turned around in 24 hours or less. However, similar to the price of a bottle of Ribena in a motorway service station, you pay premium price for the convenience. So here is a list of things to remember about We Buy Any Car and similar services:
They are a businesses looking to make a profit
As mentioned in a previous blog, when any automotive company buys a car they aim to sell it at a profit, thus you will always be receiving less than the market value. However, We Buy Any Car do not conceal this ethos, in fact they have been smart enough to include this into their marketing campaign. So, don’t be surprised if you are offered a significantly less value compared to other resources, such as Auto Trader as all vehicles go to auction and then sold at a profit to a car dealer
The website price is a hook
Often customers seeking a better part exchange deal from dealerships mention awe-inspiring quotes obtained from We Buy Any Car. However, the majority of these quotes tend to be from the online calculator on their website. This is the maximum price that they value the car, and 99 per cent of the time this is not the true price your car is valued at final valuation.
Damage on the car can be costly
The job of the car buyers within their branches are to purchase your car for the lowest price possible, thus when scrutinising your car the inspector will be paying great attention to detail in order to justify depreciating the valuation price. If you have scuffed alloys, dents in panels, bald tyres or chips in your windscreen then this will all play into the hands of the car buyer, but expect to be knocked down on price.
The admin fee
All cars that are purchased by We Buy Any Car are subject to an admin fee and this figure is taken from the final valuation of your car, and is not negotiable.
All in all the service is quick and easy but there are many options out there that offer a similar service. If you can find a dealership that will purchase the car directly from you, you could gain a greater profit, whilst cutting the middle man
Car Buying Guru partner with a number of dealerships that would be more than happy to purchase your car from you, if you would like some help selling your car, contact us and we will get the process started for you.