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When doing accounts for businesses, accountants tend to depreciate the book value of cars each year by 25% on the book value at start of the year. That works out after 10 years of owning a car at a book value of about 5.6% of the cost paid on purchase. For instance a car which had been bought for £15,000 would have a book value of about £840 after 10 years. That's for average wear and tear of a car over the years.

El Loro
@Saint posted:

Thank you for the tremendous interest shown in the topic

I can now reveal (as it's close enough to 9pm) that they offered me . . . . .



£227   

Never had any dealings with them, but I always found it interesting that those Phillip Schofield ads included the line "Sure, you might get a bit more money selling privately...". "Might"? "Bit"? Yeah, right...

It's like L'Oreal saying "Because you're worth it": they don't beat their competitors on price and don't pretend to, so they go for the "quality" angle.

In the case of WeBuyAnyCar, their USP is convenience rather than hard cash...

Eugene's Lair
Last edited by Eugene's Lair

Most people are overworked and underpaid thus are ripe for the picking and WeBuyAnyCar move right in.

Cos they know people want a car that's easy to buy, easy to maintain and  . . . easy to get rid of

I wonder if they buy stolen cars too?

Saint
@Saint posted:

Most people are overworked and underpaid thus are ripe for the picking and WeBuyAnyCar move right in.

Cos they know people want a car that's easy to buy, easy to maintain and  . . . easy to get rid of

I wonder if they buy stolen cars too?

Do you know of one?

Moonie

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