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Cazoo
May 18, 2023 9:17:13 GMT
Post by johnc on May 18, 2023 9:17:13 GMT
I have just seen on a Facebook post by a motor trader I follow (and trust) that Cazoo have not been clearing the finance on cars they purchase. If that's true, it's not looking good.
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Cazoo
May 18, 2023 9:38:53 GMT
Post by Big Blue on May 18, 2023 9:38:53 GMT
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Cazoo
May 18, 2023 9:49:27 GMT
Post by PetrolEd on May 18, 2023 9:49:27 GMT
Its page one of the dodgy dealers handbook. No way would I let a dealer have my car until I had evidenced the finance was cleared and any surplus was in my account. The internet is wall to wall of dealers selling cars and the owner not getting their funds.
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Cazoo
May 18, 2023 11:02:17 GMT
Post by humphreythepug on May 18, 2023 11:02:17 GMT
I believe they sold off a load of their delivery trucks recently, they have also been selling off some of their prep centres and showrooms, not long for them!
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Cazoo
May 18, 2023 11:42:12 GMT
Post by Boxer6 on May 18, 2023 11:42:12 GMT
I have just seen on a Facebook post by a motor trader I follow (and trust) that Cazoo have not been clearing the finance on cars they purchase. If that's true, it's not looking good. I dodged a bullet there then!
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Cazoo
May 18, 2023 14:18:42 GMT
Tim likes this
Post by Bob Sacamano v2.0 on May 18, 2023 14:18:42 GMT
I wish Cinch would go down the pan too and take that Turkey Toothed irritating twat with them.
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Cazoo
May 18, 2023 15:50:54 GMT
Post by Big Blue on May 18, 2023 15:50:54 GMT
I wish Cinch would go down the pan too and take that Turkey Toothed irritating twat with them. I don't mind him - his mum though......
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Cazoo
May 18, 2023 19:48:39 GMT
Post by ChrisM on May 18, 2023 19:48:39 GMT
I started this thread not so long ago: themotorforum.co.uk/thread/3337/cazoo-pooand yes, it seems that things are getting worse for them. They've just finished a complete selloff of all their mainland Europe ventures, apparently. Something like 17 of 22 preparation centres have beeen shut, there was one in Westbury that was due to close a few days after I visited a company just opposite that site earlier in the year.
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Cazoo
May 19, 2023 4:37:21 GMT
via mobile
Post by Alex on May 19, 2023 4:37:21 GMT
Still see loads of adverts for them though so presumably they've still got some sort of marketing budget.
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Cazoo
May 19, 2023 6:12:29 GMT
via mobile
Post by ChrisM on May 19, 2023 6:12:29 GMT
....and they still seem to be pouring money into sponsoring sporting events
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Cazoo
May 19, 2023 7:03:28 GMT
Post by Tim on May 19, 2023 7:03:28 GMT
Marketing and sponsorship might've been paid up front for a set period so no current cost in cashflow terms.
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Cazoo
May 20, 2023 5:30:42 GMT
via mobile
Post by Alex on May 20, 2023 5:30:42 GMT
From what I gather the business is just downsizing. They realise they grew too big too quickly so apparently they want to focus on just a few operating sites.
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Cazoo
Apr 28, 2024 17:19:54 GMT
Post by ChrisM on Apr 28, 2024 17:19:54 GMT
They have gone the way of your poo.... they are now similar to AutoTrader in that they present a range of cars for sale by "other" retailers so I presume that all their handover sites have now closed and another few hundred jobs in the motor trade have gone down the pan
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Cazoo
Apr 29, 2024 16:05:46 GMT
Post by Big Blue on Apr 29, 2024 16:05:46 GMT
"Digital marketplace" is what it says in the news feeds. Looks like a refined search engine to me.
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Cazoo
May 1, 2024 5:47:36 GMT
Post by PG on May 1, 2024 5:47:36 GMT
Based on the above if I bought a car through them that had dealer finance on it I'd worry they would not pay it off.
I did read that they were closing all their European operations but it sounds like that may be too little too late.
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