It is if you have a 4200
Haha, yes - only for low risk stuff they can flog quickly!
It is if you have a 4200
Yes, I offered to buy but @Contigo wants a little more for it.
Bit unfair, it's at a massive discount to the market rate. I sold it today to WBAC. I realise that dealers want stuff with a massive margin in it but it's not always the way it works out. I reckon that's a £50k car all day long in the current condition.
I think the market impact of the supply shortages is affecting the whole car market , not just mainstream. So it's a general wider impact which is washing through all of the 2nd hand market to. I guess the impact may vary a bit, but the trend is the same.I agree with you but this should impact more the main stream second hand car market than the "luxury / sport" market in my opinion. I have been looking at two cars that I really like, the 997 and Maserati GTS for the last 6-12 months, both have increased very strongly in price, especially the 997 from what I have seen. For me, it is either because these cars were undervalued before (it was a lot of car for app. £25k) or there is currently a small bubble for these cars due to summer and spare cash after lockdown. Which assumption is correct, I am not sure? I am very tempted to make a move to buy one although might be worth waiting for 6 months...
We’ve discussed in private, I think it’s a £48k retail car, with a £1000 warranty inc and a £1500 service due, so long as it requires zero further spend, as well as collection, detailing, and that filthy word, profit. If I’d paid you more than WBAC for it, it’s possible I may have been able to make £2000 pre tax (£1230 post) on my £46k investment. That’s IF it requires zero spend, and IF I sold it for £48k. I honestly believe nobody on this forum would think that’s a massive margin.Bit unfair, it's at a massive discount to the market rate. I sold it today to WBAC. I realise that dealers want stuff with a massive margin in it but it's not always the way it works out. I reckon that's a £50k car all day long in the current condition.
It will be a proper settlement figure I suspect - from the finance company- this will ensure the dealer receives a clear title for the vehicle so that it can be sold on… as, at this stage it will still technically be your vehicle, you too can ask for a settlement figure as well.Just curious, how is that worked out? From finance company, using genuine calculations, or the selling dealer, finger in air and them taking the **** in their favour?
We’ve discussed in private, I think it’s a £48k retail car, with a £1000 warranty inc and a £1500 service due, so long as it requires zero further spend, as well as collection, detailing, and that filthy word, profit. If I’d paid you more than WBAC for it, it’s possible I may have been able to make £2000 pre tax (£1230 post) on my £46k investment. That’s IF it requires zero spend, and IF I sold it for £48k. I honestly believe nobody on this forum would think that’s a massive margin.
Very, very fair and a very thin margin if something cropped up, or a buyer doesn’t materialise quickly as the “cost of money” held in that £46k would eat that post tax margin in a month or two.We’ve discussed in private, I think it’s a £48k retail car, with a £1000 warranty inc and a £1500 service due, so long as it requires zero further spend, as well as collection, detailing, and that filthy word, profit. If I’d paid you more than WBAC for it, it’s possible I may have been able to make £2000 pre tax (£1230 post) on my £46k investment. That’s IF it requires zero spend, and IF I sold it for £48k. I honestly believe nobody on this forum would think that’s a massive margin.
We’ve discussed in private, I think it’s a £48k retail car, with a £1000 warranty inc and a £1500 service due, so long as it requires zero further spend, as well as collection, detailing, and that filthy word, profit. If I’d paid you more than WBAC for it, it’s possible I may have been able to make £2000 pre tax (£1230 post) on my £46k investment. That’s IF it requires zero spend, and IF I sold it for £48k. I honestly believe nobody on this forum would think that’s a massive margin.
2014 Gt Sport Auto in Bianco Eldorado with Nero, 10500 miles.What year is the car?
I didn't realise but WBAC was bought by BCA Auctions and BCA also own Cinch (probs seen those annoying adverts crop up recently). So they have a smart end to end model but I feel as though they are trying to screw indie dealers which sucks. i.e Car sold to WBAC, goes to BCA. If car is deemed good then they sell it to retail on Cinch. If it doesn't meet their requirements they push it through the auctions for other dealers and keep the cream. Getting good stock is going to be harder and harder for the indies I think .
2014 Gt Sport Auto in Bianco Eldorado with Nero, 10500 miles.
Sounds expensive for year, even with those miles IMHO
Shame its not the 'rise of the used market for the Maserati 4200' lol havent seen that occur yetThat's because of the 'rise in the used car market'... Hence the thread. Lol.
If you look on auto trader, you'll see that's about right at the moment.
Interesting the valuation I had on my 4x4 last week is now down by £4k
I think WBAC is part price-algo, part psych-algo. I wonder how many people panic at the low-ball, head to the valuation centre, get told great news, we'll pay you over that last valuation, and leave relieved, cash in hand.Its mad isnt it? Like the Mini values I got... spammed almost daily with increasing values, eventually up by nearly 20% on what they originally offered... then, suddenly, they send an offer 10% below their original lowest offer. All in the space of a month....