Randomness

[Carlos]

I didn't realise they applied to cars.

[nuttinnew]

I just assumed they applied to everything sold that way [shrugs].

[dinny_g]

It does (with a few exceptions - downloads etc)

[integrale_evo]

Distance selling regs also require you to send it back unused and in original packaging don’t they? So if it turned up and wasn’t as described you could refuse to accept it.

The appeal of the Cazoo way is you can drive it around a bit and get a feel for it. I don’t know how much leeway they give you or you have to pay a certain amount for the miles you’ve done?

[Jobbo]

Probably not for the Randomness thread, since it’s fairly car related….

Their margins look thin from the article. Gross profit £670 per car; looks as if they’re aiming at the same sort of margins as new car sales. Turnover up a lot though; they could potentially make a profit because it appears they’ve invested heavily in reconditioning businesses.

Cinch are just a WBAC/BCA outlet so they’ll be solid. The number of other random car sales brands with similar names and ads appearing on Facebook now is quite scary though.

[nuttinnew]

[jamcg]

Probably not for the Randomness thread, since it’s fairly car related….

Their margins look thin from the article. Gross profit £670 per car; looks as if they’re aiming at the same sort of margins as new car sales. Turnover up a lot though; they could potentially make a profit because it appears they’ve invested heavily in reconditioning businesses.

Cinch are just a WBAC/BCA outlet so they’ll be solid. The number of other random car sales brands with similar names and ads appearing on Facebook now is quite scary though.

Worked for someone high up in a national chain and their normal gross profit is around £900 on a used car, currently sitting around £1200 but that will reduce as their buy in costs increase

[Jobbo]

Probably not for the Randomness thread, since it’s fairly car related….

Their margins look thin from the article. Gross profit £670 per car; looks as if they’re aiming at the same sort of margins as new car sales. Turnover up a lot though; they could potentially make a profit because it appears they’ve invested heavily in reconditioning businesses.

Cinch are just a WBAC/BCA outlet so they’ll be solid. The number of other random car sales brands with similar names and ads appearing on Facebook now is quite scary though.

Worked for someone high up in a national chain and their normal gross profit is around £900 on a used car, currently sitting around £1200 but that will reduce as their buy in costs increase

That’s my point - it looks like Cazoo reckon they can make a profit on margins closer to those new cars are sold at. If they have the volumes, it might work.

[NGRhodes]

I suspect they make more from selling finance than the actual cars.

[nuttinnew]

[scotta]

[mik]

very much a 1 trick pony, but Rod Hull performed that trick to absolute perfection.

[McSwede]

very much a 1 trick pony, but Rod Hull performed that trick to absolute perfection.

It's great isn't it!

[mik]

[mik]

[mik]

[nuttinnew]

Excellent posts

[Jobbo]

[nuttinnew]

^ I like Tim's stuff
Wrapped Reichstag

[nuttinnew]