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BCA signs a deal to purchase We Buy Any Car

BCA, the vehicle auction company, has told AM it has signed a deal to purchase webuyanycar.com.

The transaction is still subject to clearance and is not yet finalised.

A spokesman for BCA, said: “Given the situation we are unable to comment further.”

Webuyanycar.com was created in 2006 and offers customers a valuation on their car and will guarantee to buy it, whatever the make, model, age or condition.

AM understands webuyanycar.com’s business then revolves around putting those cars through auction.



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Comments

  • Bob - 16/05/2013 20:26

    FFs

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    • jac - 18/05/2013 01:16

      @Bob - whats FFs ?

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    • not worried.com - 18/05/2013 06:10

      @jac - BCA go into everything with thier eyes wide open, they will have checked this out before buying, can only be a good thing for BCA employees

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  • jac - 17/05/2013 00:36

    manheim just got the deal off bca to sell the cars then bca buys the company to get them back. must be a lotta money in some parts of the motor trade, especially if your a private equity company that pays a low rate of tax and rips off traders in buyers fees

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  • That Man - 17/05/2013 21:41

    As a manager at WBAC till very recently it was clear that the current business model was unsustainable and likely unprofitable. Staff working conditions were abhorrent; the business ethics dramatically short-sighted and, hence, with the benefit of hindsight it has transpired the staff were the sacrificial lambs led to the slaughter in the name of gross personal greed ** edited for legal reasons **

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    • best tell bca before they buy it then - 18/05/2013 00:57

      @That Man - Seen this before, even though the due dilagence will take place, BCA will be taken for a ride. Most clear thinking motor trade people can see things don't stack up.

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  • Hawk - 17/05/2013 22:47

    We as WBAC staff got told today that the terms of the deal were now finalised and that they are now just waiting on clearance from the monopolies commission. The US branches have not been sold and remain under the control of the McKee brothers, now just WBAC UK shareholders.

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