Person Faces Shock over Quoted Price from WeBuyAnyCar for £74,000 Audi - Is the Amount Reasonable?
In the world of rare supercars, finding a quick and convenient way to sell can be a challenge. Harley Perkins, a prolific YouTuber and TikToker known for his insurance tips and parking hacks, recently experienced this firsthand when he took his Audi R8 V10 Plus to a WeBuyAnyCar valuation station.
Founded in 2006 and now owned by private equity group TDR Capital, WeBuyAnyCar is a service designed to take the hassle out of selling a car privately. Their pricing analysts consider all factors influencing a car's resale value, including depreciation, which can be severe for cars, particularly in the first year.
The valuation process at WeBuyAnyCar involves considering eight factors, including live market data, vehicle condition, mileage, number of previous owners, and service history. However, when it comes to high-performance and rare supercars like the Audi R8 V10 Plus, their standard pricing models may not fully account for the premium that such cars can command in specialist or enthusiast markets.
Perkins bought his Audi R8 V10 Plus for around £74,000 last year. A quick check of Auto Trader shows similar R8 models for sale priced between £80,000 and £88,000, but it's unclear if Perkins' car had a similar mileage. When he took his R8 to WeBuyAnyCar, he was offered £58,000, a price he described as 'absolutely ridiculous'.
Perkins' reaction was filmed, and the video went viral. On a subsequent visit in his Lamborghini Huracan Performante, WeBuyAnyCar offered him £156,995 for the supercar. This price was more in line with the market value, but it still falls short of what Perkins might have received from a specialist performance car dealership.
WeBuyAnyCar's system may provide a quick, convenient valuation based on usual market data, but for rare supercars like the Audi R8 V10 Plus, valuations from specialist dealers or bespoke appraisals tend to be more accurate. The pricing approach for these supercars is likely to be more conservative and standardized compared to specialist supercar evaluators, as they primarily calculate pricing based on typical market valuation algorithms that consider factors such as the car’s condition, mileage, and standard depreciation.
By 2024, WeBuyAnyCar claims to have purchased four million cars and is buying around 15,000 vehicles per week. Customers can receive an instant valuation by driving directly to a WeBuyAnyCar site. However, for those looking to sell rare or high-value supercars, it might be worth considering specialist dealers or bespoke appraisals for a more accurate valuation.
- Harley Perkins, renowned for his lifestyle videos on insurance tips and car hacks, struggled to sell his Audi R8 V10 Plus swiftly, an issue common among supercar owners.
- WeBuyAnyCar, a popular service in the home-and-garden category, founded in 2006 and now under TDR Capital ownership, was approached by Perkins to sell his Audi R8 V10 Plus.
- Although WeBuyAnyCar evaluates cars based on factors like live market data, vehicle condition, mileage, number of previous owners, and service history, their standard pricing models may underestimate the value of rare supercars like the Audi R8 V10 Plus.
- In the sports world, Perkins' Audi R8 V10 Plus is valued between £80,000 and £88,000, while WeBuyAnyCar offered him £58,000, a significant discrepancy that Perkins deemed 'absolutely ridiculous'.
- For those who own exotic cars like electric vehicles, sports cars, or luxury brands such as Lamborghini, specialist dealers or bespoke appraisals offer more accurate valuation, especially for rare supercars like Perkins' Audi R8 V10 Plus.
