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Help! we buy any car
Last post Fri, Oct 16 2009, 4:09 PM by ph1941. 14 replies.
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Wed, Jan 23 2008, 9:31 AM |
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matt 1980
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Joined on Wed, Jan 23 2008
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Window Shopper
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Points 110
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I'm selling my vauxhall vectra and due to personal problems need a quick sale, been offered a price from the above company of £6075, could anyone advise me if there a genuine company? or has anyone had any dealing with them? Apparently i would have to take the vehicle to car craft to be checked over before funds are transfered into my bank account. Any help would be great
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Wed, Jan 23 2008, 9:53 AM |
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jjnaughalty
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Joined on Fri, Jun 08 2007
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Shopaholic
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Points 12,741
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Sounds like they are affiliated in some way with Carcrapped if you have to take it there to be checked. If they are anything like Carcrapped in regards to it's morals then be very wary of them and any techniques to rob you of your money. Also, by taking it for checks to be done, this is their chance to kick the valuation downwards - could end up being a not-so-quick sale for not that much money. Having said that, if you are happy with their valuation (and they adhere to it), the funds are in your account before you hand over the keys and you send the relevant bits of the V5 to the DVLA to transfer ownership, who cares if they are a reputable company? Have you tried a private sale? If priced keenly a private sale can be quick too, you know... JJ
You gotta tie yourself to the mast my friend, and the storm will end.
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Thu, Aug 14 2008, 2:35 PM |
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incheye
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Joined on Thu, Aug 14 2008
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Window Shopper
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Points 30
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WARNING !!! They are part of the CARSHAFT group :-( i just stumbled across this post after allmost selling my car to we buy any car. Was slightly suspicious in booking the appointment but on arrival to nixon st. Rochdale I realised it was the same company and turned away. They sold me this very same car on finance only 4 months ago. Now my circumstances have changed I need to sell. I have been left with a £4000 negative equity bill. Whereas the finance settlement is £4000 above the true value of my car. It also seems I have a second personal loan of £1000 to settle that they used as a top up loan to sell me some extras. Admittingly, its my problem as it was me that signed thier documents, but I am not sure if there is anyone that has experienced a day at CARSHAFT, I am not a good negotiator and tend to take peole as being trustworthy and looking back it was all set up to get me to sign with some speed and with an air of confusion. I am now £5000 to find having only had the car for 4 months. With some advice I would say find a local car dealer as I did they even paid me more in the end. http://www.reviewcentre.com/reviews169436.html
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Thu, Aug 14 2008, 10:14 PM |
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Carless1
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Joined on Fri, May 16 2008
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Bargain Hunter
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Points 70
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Hi guys you only have to do a search for carcraft on this website and there are lots of customers who are in negative equity after taking out the finance with them. There is also . http://www.mycarcraftexperience.co.uk/ I don't know how the finance agreements work but lots of customers seem to owe thousands more than the car is worth, even after paying for years??? I don't really know how this happens, maybe very high interest rates or do they have hidden charges for early settlement.
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Fri, Aug 15 2008, 2:38 PM |
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Mon, Aug 18 2008, 1:16 PM |
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jjnaughalty
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Joined on Fri, Jun 08 2007
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Shopaholic
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Points 12,741
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Carless1: I don't really know how this happens, maybe very high interest rates or do they have hidden charges for early settlement. They sell cars for much more than they are actually worth and then charge lots of interest. For example. Retail value of car 'X' =£5000 (trade value of £3500) CarCraft sell at £7000 and charge about £3500 of interest. So instantly, trade-in value of £3500 and finance settlement £10500. It'll take a few years to get anywhere near breakeven... Nothing scientific about what they do, just good old fashioned ripping off. JJ
You gotta tie yourself to the mast my friend, and the storm will end.
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Mon, Aug 18 2008, 1:45 PM |
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conmankiller
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Joined on Mon, Jan 15 2007
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Shopaholic
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Points 123,461
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I wouldn't use a car supermarket for buying a car, unless I could fit it into my shopping basket and carry it out of the place after paying for it. !!! Even then I would have to argue the price at the till........ insist on using my own pre-arranged finance and would take out my own extended warranty.....Period. !
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Wed, Sep 03 2008, 9:44 AM |
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jay 1986
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Joined on Tue, Apr 29 2008
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Window Shopper
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Points 25
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i bought a focus st in march 08 for 13k it was a nice car in the electric orange perfect condition 26k on the clock, in june i did an online valuation with we buy your car, they valued my car at 10.860 not to bad i thought as i knew the trade value was 11500 when i bought it, anyway i decided to keep the car, however this week i test drove a navara pick up truck and thought sack it ill chuck mine in and get it, vaxhaull offered my £9500 for it i was like what i walked away from the garage a little confused, i remembered about that quote on we buy any car so i went back to the website and did a new valuation, they value my car at £8300 wtf is this all about ? So i have a car that has £11k owing on it and is work £8300 oh my god ! Note: This post has been moderated. Please ensure you read the moneysupermarket.com Community Standards and Terms of Service before posting. Thanks.
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Wed, Sep 03 2008, 10:25 AM |
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Boughtit
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Joined on Thu, May 15 2008
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Cool Customer
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Points 497
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jay 1986 ALL used car values have decreased significantly over the past 3 months, a lot of cars dropped in the Glass's guyide by £1,000 per month. Especially cars like yours. Having said that, you would have to be desperate to sell your car back to carcraft anyway as they will obviously "bid you in the balls". If you want to sell your car the best way would be a private sale although whichever way you look at it you will have lost quite a lot of money because you bought the car from carcraft to start with so you probably lost £2k the moment you drove out of the door. Just because they tell you the car is worth £8,300 doesn't mean anything. I have a car on ebay at the moment, carcraft offered me £4,300 for, the bidding is currently at £5,500 with 3 days to go and I have had cash offers of £6k plus.
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Wed, Sep 03 2008, 10:36 AM |
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jay 1986
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Joined on Tue, Apr 29 2008
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Window Shopper
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Points 25
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I dint buy my car from carcraft i bought it from XXXXX specialise in subprime finance and individual business's, the reson for selling is the tax laws have changed and its going to kill me to tax it, i have an audi tt roadster on an 02 plate i paid 13k for that friday before xmas, the trade value is £8k is rediculas the car has only done 45k i think i will sell them both privatley or atleast one of them. thanks for your advise . Note: This post has been moderated. Please ensure you read the moneysupermarket.com Community Standards and Terms of Service before posting. Thanks.
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