[Misc] Cazoo going into administration/liquidation?

[Flounce]

Seems the party is over. Anybody on here buy from them? How do warranties work if they do go under?

Edit - just seen that if they do go under that anyone who has ordered and paid for an as yet undelivered car will lose the money and the car if they do fail

Cazoo car crash, skidding on a shares fall of 99.9%, ends an American dream | Nils Pratley

Investors denied used-car website a £6bn-plus valuation in London, leaving New York to do the deal. UK fund managers are not such dinosaurs then

www.theguardian.com

 

[Cowfold Seagull]

Is anyone that surprised? Who would buy a car unseen anyway? I certainly wouldn't.

 

[HeaviestTed]

It isn’t how most people buy a used car.

 

[PILTDOWN MAN]

It isn’t how most people buy a used car.

No only stupid ones

 

[A1X]

Don’t they sponsor the England cricket team?

 

[HeaviestTed]

No only stupid ones

Perhaps the same people with too much money who thought the business was a good idea?

 

[loz]

Is anyone that surprised? Who would buy a car unseen anyway? I certainly wouldn't.

Umm, all my company cars have been bought without me seeing them, I am given a budget then pick a car I want ( needs to be 4 door with a boot or estate car) the first time I see it is when it arrives on my drive.

 

[Official Old Man]

Bigger story than you think. Cazoo is owned by Constallation group who also have We Buy Any Car and British Car Auctions. They've been accused of wrapping up the used car market, keeping all good cars for Cazoo and selling rubbish at the BCA where small traders pick up their stock.
EDIT Incorrect info corrected later in thread

 

[Goldstone1976]

Umm, all my company cars have been bought without me seeing them, I am given a budget then pick a car I want ( needs to be 4 door with a boot or estate car) the first time I see it is when it arrives on my drive.

Second hand?

 

[thedonkeycentrehalf]

Don’t they sponsor the England cricket team?

No, that is Cinch

 

[Goldstone1976]

Bigger story than you think. Cazoo is owned by Constallation group who also have We Buy Any Car and British Car Auctions. They've been accused of wrapping up the used car market, keeping all good cars for Cazoo and selling rubbish at the BCA where small traders pick up their stock.

Constellation do own We Buy Any Car and BCA as you say, https://www.constellationautomotive.com/our-brands, but they don’t own Cazoo; it was listed on the NYSE in 2021, trading under the ticker CZOO.

 

[ditchy]

Shock , that Everton are one of the teams they sponsor . Yet another nail in the revenue stream of that so called football club

 

[Barham's tash]

If an enterprising red top writer fails to use Cazoo up the wazoo as their headline then they're finished.

 

[Vin]

Shock , that Everton are one of the teams they sponsor . Yet another nail in the revenue stream of that so called football club

I think Villa are as well

 

[ditchy]

I think Villa are as well

But they are not in the same state as Everton !

 

[Biscuit]

That's a shame. Got my car from Cazoo. Brilliant part-ex price and the new car is superb.

 

[Official Old Man]

Constellation do own We Buy Any Car and BCA as you say, https://www.constellationautomotive.com/our-brands, but they don’t own Cazoo; it was listed on the NYSE in 2021, trading under the ticker CZOO.

I stand corrected, thanks google for incorrect info, they own Cinch. But this could well be part of my story. We Buy Any Car are buying up as many used cars as they can and then selling them at their own auction houses to the traders, hence the price of used cars going up. Except that the better cars are sold via Cinch meaning dealers get only the cars that you and I don't want. As I say, it's quite a story that no one is interested in.

 

[LamieRobertson]

Umm, all my company cars have been bought without me seeing them, I am given a budget then pick a car I want ( needs to be 4 door with a boot or estate car) the first time I see it is when it arrives on my drive.

Ummm….ive bought a second hand car unseen…well apart from photos that is

 

[Papak]

Don’t they sponsor the England cricket team?

They sponsored the recent World Snooker Championship.

 

[GJN1]

Don’t they sponsor the England cricket team?

No, but they just sponsored the World Snooker Championships. I hope Kyren Wilson has already banked his oversized cheque.