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On-line car buying services - my experience

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Just seen my old car pop back up on Autotrader.

 

I sold the Rapid to an online car buying service and found the process simple and "relatively" transparent.

 

The car was a late 2014 1.2 TSi 105 bhp SE tech and had covered 20k miles. The online offer was £7150, but £250 was deducted for stone chips and a further £75 went on the admin fee. This represented a downward shift / amendment of 4.5% from the on-line offer.

 

I'd been offered around £6k by a Skoda main dealer and £5.5k (by on online retailer) against a new Peugeot 3008. 

 

The deal is done in 10 minutes. I was curious to understand the business model worked and the chap indicated most cars went to auction and they aimed for £100-200 profit per car. He mentioned they process 25000 cars per annum, so even the "admin fee" scales up to a big number. The chap I dealt with told me they buy around 85% of cars they make an offer on, assuming the sellers turns up for their appointment.

 

I'd used the on-line valuation aspect of such companies many times, in order to get a feeling for a cars true market value.

 

The car is now back up for sale at £8295, which, given the likely auction indemnity fees (payed by the new owner) leaves a relatively thin profit margin - more than likely >£1k. After overheads / tax and over-valuing any potential part exchange it could potentially amount to a few hundred £. Not much of a return for potentially tying up significant capital.

 

I've read a lot of negativity around such car buying services, but my experience was quite the opposite. I'd tried to sell the car privately, but a few weeks with no interest (or insurance!) made up my mind to move it on. Once the decision was taken it was all concluded very quickly.

Edited by pinkpanther
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My old car: Car ad

Edited by pinkpanther

I'd never considered buying a cat online. Generally we trawl the local papers looking for adverts for kittens or suchlike.

3 hours ago, Rustynuts said:

I'd never considered buying a cat online. Generally we trawl the local papers looking for adverts for kittens or suchlike.

 

You should always buy a cat from a charity. They're full to bursting with the fall out from feckless owners and ruthless profit seekers who care little for the parent animals' welfare.

 

We used Cats Protection recently and now have a lovely little 7-month-old kitty. The £75 adoption fee includes all the injections and spaying so a bargain in my book.

 

Not sure why there's a link to an ad for a Skoda Rapid on this interesting thread about cats though? :huh:

We got ours from the RSPCA - it had been chipped so it was dead fast for a kitten.

 

Had to give it back a year later due to our kids allergies. It was like handing back on a PCP but without any financial penalty.

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Topic heading updated - the joy's of posting with a tablet:biggrin:

 

 

Might buy a new car online but not used. Too many pitfalls there.

 

As for cats I'm on my 3rd rescue cat. SSPCA 1st one was a duffer and they (SSPCA) didn't look after it properly and it died within a year of a condition it would have had when they had it.

 

Had two from cats protection and both are healthy although one is a little ****e.

 

Cats or cars take your pick

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No cats for me, with the exception of the myriad others, belonging to neighbours, who eat the birds in my garden and defecate frequently and often:angry:

Edited by pinkpanther

Yes,  little 8as7ards aren't they?

 

We have to keep a permanent on cat scarer in the garden to protect our doves, and if that fails there's always the hosepipe or  nerf gun.

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9 hours ago, camelspyyder said:

Yes,  little 8as7ards aren't they?

 

We have to keep a permanent on cat scarer in the garden to protect our doves, and if that fails there's always the hosepipe or  nerf gun.

 

Interested is the cat scarer - is it the ultra-sonic type?

 

I'd pondered one of these, but was unsure how effective they are - any advice gratefully received.

Online car buying to cat scarers in ten posts. Brilliant thread drift :biggrin: 

  • 6 months later...
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By way of an update to my original post (0nline car buying service) - a friend recently tried Tootle, as a means of disposing of his car. He had a response within 1/2 hour and a (localish) trader made an offer, which was >£500 more than WBAC / Evans Halshaw etc.

 

Unfortunately the reality was somewhat different as in person he was offered considerably less. By chance he received a phone call during the appraisal and actually sold the car for the full asking price:thumbup:

 

The principle behind Tootle appears sound and I'd bear it in mind, alongside other car buying services, should the need arise.

 

 

  • Author
On 01/08/2017 at 22:17, pinkpanther said:

 

Interested is the cat scarer - is it the ultra-sonic type?

 

I'd pondered one of these, but was unsure how effective they are - any advice gratefully received.

Still curious if the cat scarers work?

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