How WeBuyAnyCar value cars after man took £5 million collection there to see how much it was worth
The way WeBuyAnyCar values cars has been revealed after a YouTuber went and took his £5 million car collection for a valuation.
Dirt racer Mark McCann has built up a following after showing off his impressive collection of cars to his 190k subscribers.
In a recent video, the influencer went to get his '£5 million' car collection evaluated and used both WeBuyAnyCar and an independent source for the valuation.
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Car expert Tom Hartley concluded that the six cars were worth £1,380,000 due to mileage, lifespan and their condition.
The YouTuber then went to WeByAnyCar - who claim to be the UK's largest car buying service - for a valuation.
Anyone can do this by just entering your reg number into WeByAnyCar to get a free car valuation in as little as 30 seconds.
Then you'll need to book an appointment at one of the 500+ branches, where staff will 'assess your vehicle and give you a final quote'.
When Mark went to do this, he said staff told him that he's going to need to take the cars in separately at different stores.
He claims that this happened because of 'superior' members of staff who got 'spooked' by the high-end collection.
The YouTuber then went undercover, wearing different outfits and wigs to get his cars evaluated, with a cameraman hiding nearby.
In the end, Hartley evaluated the six-car collection at £1,380,000 compared to WeBuyAnyCar's total evaluation of £823,910.
Now, this has left some wondering how did WeByAnyCar come to that conclusion.
According to their website, the company take into account eight different factors to determine how much your car is worth after inspection.
1) Make & model
Certain models are more desirable and retain their value better than others. If you have a car that is in demand then it could be worth more than you think.
2) Number of previous owners
Cars with fewer previous owners are generally worth more due to many owners being a potential indication of unsolved problems with the vehicle.
3) The condition of your car
If there is any damage to the car, the car’s value will be lower than a car with no imperfections. This can include scratches, dents, stone chips and other wear & tear.
4) Manufacturer’s warranty
Selling a car with a manufacturer’s warranty provides reassurance to the buyer and can increase the value of the car.
5) Mileage
A car with lower mileage will retain more of its value than a car with above-average mileage.
6) Optional extras
Some extras such as heated seats and upgraded alloys could improve the desirability and value of your car.
7) Service history
A full-service history shows that the car has been well-maintained and means that it will be worth more than a car with service history gaps.
8) Current market prices
Market prices fluctuate based on supply and demand. We use live market data to give you an accurate price at the time of the valuation.
"Our valuations are based on industry standard data provided by CAP. They will constantly reassess the data to adhere to market fluctuations and ensure the valuation of your car is accurate," the car company explain.
"Providing all of the details you’ve entered match the condition of the car, the online valuation will match that you receive at your local branch. If you fail to disclose any information such as scratches or if you enter the incorrect mileage, this may impact the final offer you receive."
Anish Vij