just out of curiosity I did a 'webuyanycar' quote on my two week old launch edition megane etech. it came back at £24k..
at first I thought it must be looking at the Ford Puma I got quotes for on the same number plate a few months earlier, but no it detailed the megane. I know new cars depreciate as soon as you drive off the forecourt, but by 40% ?!
Any comments welcome - this is partly a test to see how popular this forum is, from what I can see it doesn't appear to be that well used, but I could be wrong...
cheers and hello
DEPRECIATION
Thanks, that's reassuring and makes a lot of sense. If my wife asks at all I now have a plausible explanation
I think there's also more to the "webuyanycar" valuation than just the car itself. I considered selling my previous EV back in June last year and saw their valuations fall over several weeks. When i looked early December the valuation was high again - and when i eventually sold at the beginning of Jan it was 3k under what I received from a dealer. That was almost 18% down on a dealers offer. (they put the car up themselves at almost 2k more). It suggests to me they factor in a "desperation" element - so I imagine their algorithms figure anyone selling a new car must be looking for a quick sale above all else.
WBAC don’t like EV’s. Especially newish ones that the market hasn’t tested yet. Probably what doesn’t help the used values is £4K off a new one plus £2k deposit contribution. If there is 6 grand off list already it will take a while to adjust in the market