F30POST
F30POST
2012-2015 BMW 3-Series and 4-Series Forum
BMW Garage BMW Meets Register Today's Posts
BMW 3-Series and 4-Series Forum (F30 / F32) | F30POST > 2012-2019 BMW 3 and 4-Series Forums > Regional Forums > UK > UK - Off Topic > New business model at Cazoo
Studio RSR
Post Reply
 
Thread Tools Search this Thread
      03-08-2024, 02:52 AM   #1
TodmordenLad
Brigadier General
United Kingdom
2894
Rep
3,971
Posts

Drives: Audi A4 Avant
Join Date: May 2015
Location: UK

iTrader: (0)

New business model at Cazoo

https://cardealermagazine.co.uk/publ...etplace/298712

Glad I sold my car to them when I did!
__________________
Owned: 440i GC LCI with MPPSK, F31 330D M Sport with MPPK, F11 530D SE, F11 520D SE, E61 530D M Sport, E36 325i plus many MB's, Audi's & Volvo's
Appreciate 0
      03-08-2024, 05:29 AM   #2
Pond
Lieutenant Colonel
1924
Rep
1,766
Posts

Drives: E89 Z4, F31 and Z3 project
Join Date: Sep 2021
Location: Lincs UK

iTrader: (0)

Not surprised judging by how many complaints and returns they had.

It said in the article "people didn't like their business model". I would argue people didn't like being sold cars with multiple faults and little regard for sorting them out.

All info from reading hundreds of reviews of theirs.
Appreciate 1
crAbb1249.00
      03-08-2024, 05:33 AM   #3
TodmordenLad
Brigadier General
United Kingdom
2894
Rep
3,971
Posts

Drives: Audi A4 Avant
Join Date: May 2015
Location: UK

iTrader: (0)

Quote:
Originally Posted by Pond View Post
Not surprised judging by how many complaints and returns they had.

It said in the article "people didn't like their business model". I would argue people didn't like being sold cars with multiple faults and little regard for sorting them out.

All info from reading hundreds of reviews of theirs.
Yes, not sure I would ever have bought from them but their purchase price for my Mazda was generous compared with other options at the time - wbac, motorpoint etc
__________________
Owned: 440i GC LCI with MPPSK, F31 330D M Sport with MPPK, F11 530D SE, F11 520D SE, E61 530D M Sport, E36 325i plus many MB's, Audi's & Volvo's
Appreciate 0
      03-08-2024, 08:43 AM   #4
DB118D
Lieutenant Colonel
1041
Rep
1,683
Posts

Drives: 118d Sport
Join Date: Oct 2014
Location: Glasgow

iTrader: (0)

The prices they were offering for cars was ridiculously high

Traded the wife's T-Cross last month and the dealer gave strong money. Cazoo were offering another 10% on top. The only issue I have is their nearest drop off was 200+ miles away (no presence in Scotland for drop off) and I wasn't taking the risk of driving there to find their offer mysteriously revised.
Appreciate 0
      03-08-2024, 10:02 AM   #5
TodmordenLad
Brigadier General
United Kingdom
2894
Rep
3,971
Posts

Drives: Audi A4 Avant
Join Date: May 2015
Location: UK

iTrader: (0)

Quote:
Originally Posted by DB118D View Post
The prices they were offering for cars was ridiculously high

Traded the wife's T-Cross last month and the dealer gave strong money. Cazoo were offering another 10% on top. The only issue I have is their nearest drop off was 200+ miles away (no presence in Scotland for drop off) and I wasn't taking the risk of driving there to find their offer mysteriously revised.
Yes, agreed, way too high but I wasn't complaining 😊
The business was operating on s low single figure gross margin which needed a high volume of transactions to make it pay. Once they started to tail off, it was only a matter of time before it failed.
__________________
Owned: 440i GC LCI with MPPSK, F31 330D M Sport with MPPK, F11 530D SE, F11 520D SE, E61 530D M Sport, E36 325i plus many MB's, Audi's & Volvo's
Appreciate 0
      03-08-2024, 01:10 PM   #6
martin10chk
Second Lieutenant
United Kingdom
164
Rep
214
Posts

Drives: F31 316i, F21 M135i (gone)
Join Date: Jul 2021
Location: York

iTrader: (0)

Yet another example of a business whose main pitch appears to have been 'lend us lots of money whilst we lose a fortune because we are going to be huge someday and transform the world'.

Their pivot seems to be going from “we have a good idea and are going to exploit it” to “we are going to try and muscle in and exploit somebody else’s good idea”. That seems morally as well as financially bankrupt.
Appreciate 3
Pond1923.50
Ennoch2262.50
KRS_SN13729.00
      03-08-2024, 02:09 PM   #7
335dX
Lieutenant
436
Rep
458
Posts

Drives: Astra Hybrid | Corsa Ultimate
Join Date: Mar 2013
Location: Northants

iTrader: (0)

I certainly wouldn't used them as an online market place. We use AT and its excellent, fucking expensive but excellent.

Cazoo can wither and die for all I care. Value in the brand, yeah right.

There's always someone knocking on my door saying advertise your stock on our new market place for £1500 plus vat a month, to generate 3 leads...never worth it.
Appreciate 1
Ennoch2262.50
      03-08-2024, 04:12 PM   #8
MY340i
Major
732
Rep
1,445
Posts

Drives: Various
Join Date: Feb 2020
Location: London

iTrader: (0)

They tried but failed. Cinch however is still doing much better
Appreciate 0
      03-09-2024, 12:47 AM   #9
robbiep
Brigadier General
United Kingdom
1995
Rep
3,219
Posts

Drives: VW e-Golf !
Join Date: Dec 2013
Location: North Wales, UK

iTrader: (0)

We looked at buying a car from them a couple of years ago when my wife was changing hers.

Wanted 100% payment there and then (unless you were taking finance), with the car to be delivered/collected 'in 14 to 21 days'.
I said that wasn't acceptable, but I'd pay 10% now and the rest on collection. They refused, as their collection points didn't have the facility to take payments !
Appreciate 0
      03-09-2024, 04:00 AM   #10
SkyJawa
Major General
SkyJawa's Avatar
3719
Rep
8,636
Posts

Drives: F10 530d
Join Date: May 2014
Location: Hampshire

iTrader: (1)

Cazoo yeah you can’t.
Appreciate 0
Post Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 03:32 PM.




f30post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST