We’ve all heard the stories about companies offering an enticing online price for your car before reducing it substantially after inspecting it in person. Back in 2017, we tested a couple of them, using a 2012-reg Peugeot 107 Allure with 49,000 miles on the clock, which we declared to be in average condition (light scratches and kerbed wheels). For reference, we checked its value with a leading trade guide. It suggested £2325.
We Buy Any Car offered £2185 before an inspection, then revised its offer to £1706. Its rival, We Want Any Car, initially offered £2190 but, on seeing pictures of the car, adjusted its offer to £2070.
A spokesman for We Buy Any Car said: “The company guarantees to give the price quoted on the website if the vehicle is as described but, if issues come to light on inspection, then the price needs to be adjusted. The price offered by different [online] buyers will vary and so we recommend motorists shop around to get the best price.”
In fairness to WBAC and its rivals, we should add that all such companies have had to raise their offers in response to today’s market conditions where prices of good used cars have risen rather than fallen. We should also point out that while there’s no charge to you, you may be charged for the company’s transfer of funds to your bank account.
Sell it via a third-party car buyer
It sounds dubious but a third-party car buyer is only like We Buy Any Car and its rivals expect that rather than buying your car, it offers it to traders who buy it instead. You upload pictures of your vehicle to its website complete with a detailed description and the company then presents it to traders who subscribe to its service.
Before the sale, the company will tell you what, based on recent sales, it thinks your car is worth. Based on this figure, you set a reserve price below which you won’t go and then sit back and wait for the best offer. It’s like an auction with only those traders who are interested in your car bidding to buy it. There’s no cost to you – even the transfer of funds is free.
Companies providing this service include Wizzle and Motorway. Using the latter, this writer achieved just £600 less for his Mazda MX-5 than he bought it for two and a half years and 18,000 miles before.