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addu84



Member Since: 31 Aug 2017
Location: London
Posts: 12

United Kingdom 
RR Valuation

Hi everyone,

I am on the lookout for my first FFRR. I have owned a number of cars and believe now is the right time to experience
one. Typically I would use sites such as webuyanycar to get a base price and expect the asking price to be few grand more. Is there a particular reason why for RR the disparity is massive (more than £10k in many instances). I am looking at 2010-2012 5.0 SC cars. I have bought cars of similar age and mileage in the past and have never seen such massive difference.

Can someone please explain why this is so? Sorry, it it comes across as a stupid question.

Post #518106 11th Jun 2019 10:32pm
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MPx



Member Since: 29 Jul 2011
Location: South Somerset
Posts: 200

United Kingdom 2012 Range Rover Autobiography 5.0 SC V8 Orkney Grey

I've no better insight than you but FWIW my guess would be that you haven't been looking at old £100k cars in your previous experience? If your target car is good then its maybe worth £25k, but there's a huge downside risk because if stuff needs doing then the costs involved can be large (ie £100k car large) especially if entrusted to the main dealer network not on a £25k car scale. So a WBAC set up has to build that risk into their offers whereas all those of us selling our perfect cars know that they're good value at the higher price. Mike - MPx

2012 5.0 V8 Supercharged Autoboigraphy Orkney Grey (2017-...)
2007 4.2 V8 Supercharged Vogue SE Tonga Green (2012-2017)
2002 4.4 V8 Vogue Bonnatti Grey (2008-2012)

Post #518109 11th Jun 2019 10:50pm
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Vogue



Member Since: 31 Jan 2008
Location: on the hill
Posts: 3331

United Kingdom 2017 Range Rover Vogue SE SDV8 Carpathian Grey

As above, plus WBAC have a captive market - they give an immediate purchase price, and will buy almost instantly. People who want a quick sale use them e.g. death, divorce, dissolution, desperate students, can’t pay finance, business men who need the money quick for another project - people like that can’t wait and want the money QUICK - WBAC price accordingly and take advantage - plus they never usually stick to quoted price.

A friends daughter had a price for her BMW 120, when she took the car in she ended up owing them money due to all the deductions including only 1 key, alloys kerbed, parking dinks etc etc.

WBAC is usually for the desperate I am afraid and does not give any indication of its true worth. There can be exceptions - perhaps when an expensive £100k car is still under manufacturers warranty, and the risk of repair costs is minimal or covered by the manufacturer or similar L405 Vogue SE 4.4 V8 DIESEL ~ #16

Post #518119 12th Jun 2019 7:48am
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Trommel



Member Since: 05 Jan 2010
Location: UK
Posts: 1927

www.hpivaluations.com

Post #518120 12th Jun 2019 7:59am
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Andy B



Member Since: 03 Apr 2012
Location: West Malling
Posts: 979

England 2015 Range Rover Vogue SE SDV8 Corris Grey

And another one :-

https://motorway.co.uk Current : SDV8 VSE
Previous : 5.0 S/C AB, 4.2 S/C, BMW 528i, Saab 900 Turbo, Saab T16S

Post #518122 12th Jun 2019 8:04am
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Vogue



Member Since: 31 Jan 2008
Location: on the hill
Posts: 3331

United Kingdom 2017 Range Rover Vogue SE SDV8 Carpathian Grey

Bonkers - I Just entered a RR i saw yesterday into the above - some of the offers were 1/2 forecourt price L405 Vogue SE 4.4 V8 DIESEL ~ #16

Post #518125 12th Jun 2019 8:41am
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Tugger



Member Since: 28 Feb 2019
Location: Scotland
Posts: 147

Scotland 2009 Range Rover Westminster TDV8 Stornoway Grey

Yep, WBAC definitely know what they are doing but that is after all their business model and how they make money.

Don't rely on WBAC for a market price guide, far better to look at Parkers, Auto Trader or Car Gurus for much more realistic idea of prices. 09 RR Westminster 3.6TDV8 - Stornoway Grey

Post #518131 12th Jun 2019 9:20am
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Bradders



Member Since: 03 Dec 2018
Location: Gods own country
Posts: 256

United Kingdom 2012 Range Rover Westminster TDV8 Zermatt Silver

Crazy - just entered my reg and the best offer from these two, was £3k below the crap offer from WBAC.......just as well I'm not selling Rolling with laughter Current: FF Westminster money pit

Gone:
RRS 4.2 SC
RRS 3.6 TDV8
FL2 TD4

Post #518135 12th Jun 2019 9:49am
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jim4244



Member Since: 31 May 2012
Location: UK
Posts: 325

England 2005 Range Rover Vogue Td6 Zermatt Silver

Not many people realise that WBAC are actually part of the British Car Auction group. So it is in their interest to pay the minimum amount possible so that they can make a larger profit when the car goes to auction.

Go to the BCA website and take down the index number of a car you like. Then go to the WBAC website and put the index number in there. You will immediately get a message that the car can not be valued.

Jim

Post #518136 12th Jun 2019 9:51am
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ilard



Member Since: 21 Oct 2012
Location: London
Posts: 278

United Kingdom 

WBAC must have access to amazing market data, then... so perhaps not such a bad guide as long as you can figure out the formula to apply a premium over and above their price, which I guess is the tricky bit.

Post #518176 12th Jun 2019 1:52pm
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memzy88



Member Since: 28 Jul 2017
Location: Reading
Posts: 31

United Kingdom 

I am exactly in the same boat. I have sold both my cars and now in the market for 17/67 plate Vogue SE or Autobiography SDV8.

As it is under 3 years old it is still covered by manufacturer as long as it has been serviced every year or 16k miles. So the risk of buying from an auction is minimal on this type car.

Just to experience i have checked BCA website and shortlisted 17 plate 3.0 Vogue SE at 31k miles, 1 Owner, had 2 services at LR, last serviced 2 months ago, tyres good condition, bodywork good condition just kerbing on 3 wheels and small chip on the bonnet. Autotrader valuation was £47k for private sale and part-ex £43k. Cheapest similar on main dealer on sale was around £52k.

I turned up to the auction at BCA Nottingham it went for £44,100. On top of this there will £1.5k in fees for private buyers.

WBAC offered £41.7k for the same car. 2014 Range Rover SDV8 - Mariana Black
2014 Bentley Continental GT Speed - Onyx Black

Post #518205 12th Jun 2019 6:05pm
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Bill



Member Since: 18 Nov 2017
Location: Essex / Normandy
Posts: 455

United Kingdom 

The problem is WBAC is affecting the general market price.

Go into a dealer and they(probably) look at wbac & that’s the starting and for many the finishing point...

If u like are turning themselves into market makers simply by flooding the airwaves with their ads and their prices. He who dies with the most toys, Wins !!!!!

Post #518217 12th Jun 2019 6:25pm
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jim4244



Member Since: 31 May 2012
Location: UK
Posts: 325

England 2005 Range Rover Vogue Td6 Zermatt Silver

Yes WBAC and BCA tend to control secondhand vehicle prices.

If you look at the volume of vehicles BCA sell on a weekly or monthly basis that come from WBAC then it is easy to see their impact on used car prices.

All WBAC vehicles are sold under the UKCGR sticker at BCA auctions. On Thursday there are around 300 UKCGR vehicles up for sale at my local BCA centre. If they can make an average mark up of £1000 per vehicle then this is a healthy profit. Imagine what the turnover is on a daily and national basis....

Jim

Post #518232 12th Jun 2019 8:30pm
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addu84



Member Since: 31 Aug 2017
Location: London
Posts: 12

United Kingdom 

Many thanks everyone. I guess the takeaway is a RR can be exorbitantly expensive to repair hence businesses such as WBAC build in sufficient buffer for any unforeseeable repairs. Still surprised by the margins. Autotrader and the likes value most cars very similarly to what WBAC offers.

Post #518325 13th Jun 2019 3:22pm
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