What's the mark up?

Discussion in 'Dealer and Trader Experiences' started by kleynie, Nov 1, 2016.

  1. kleynie
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    kleynie WARLORD Site Supporter

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    Is there any rule of thumb as to how much the dealers expect to earn from a used car? My old car is now up for sale at Sandal Huddersfield for £21k, they gave me £18k which I thought was good. I don't think I would have got more than about £19.5 privately so I cut my losses and took the easy route. A few weeks ago there was a car identical to mine in every way, same colour and spec and even the same reg plate bar one letter, and it seems to have sold even though it was up for £24k!
    There doesn't seem to be any ryme or reason to their pricing. Another example is my current car, I gave what added up to £33.5k when there are now others of the same age and spec on the AUC website for two or three grand more.

    Doesn't make any sense and when I asked the dealer why such differences in price he simply said it depends how much the car owes them. Which didn't help at all.

    Not having a rant, just curious.
     
  2. slim_boy_fat
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    slim_boy_fat WARLORD Site Supporter

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    :) You'll drive yourself crackers trying to work that one out, because you're never in possession of all the figures etc.

    Dealers have to cover the costs of Bonnie Lassies and free coffee somehow.......;)
     
  3. Singvogel
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    Singvogel Staff Member Moderator WARLORD Site Supporter

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    You forgot to include the croissants ;) I believe that some tight-fisted dealers have resorted to cutting them - and the butteries - in half.

    Gourmand info:

    Buttery - also known as a roll, rowie, rollie, or Aberdeen roll is a savoury Scottish bread roll.

    [​IMG]
     
  4. kleynie
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    kleynie WARLORD Site Supporter

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    Croissants?! I didn't get those, just a cup of tea.
     
  5. markyboyt
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    markyboyt WARLORD

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    How much a dealer can move on the price of a used car is dependant on how much they have paid for the car and what they have spent getting it onto the forecourt but no reason why they wouldn't try for the same price on 2 identical cars really, very odd.
     
  6. Verbarthe
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    Verbarthe WARLORD Site Supporter

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    All depends on the deal made previously on the last car , whether it be new or second hand , sometimes they will lose slightly on one knowing they can make that up on the other , especially if they are short on there target sales that month or quarter . Depends on the finance deal as well as they get commission from the finance companies which is dependant on the APR they can sell you. There are a lot of permutations that can apply but all are designed to make a profit .
     
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  7. slim_boy_fat
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    slim_boy_fat WARLORD Site Supporter

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    Last time I was in a Dealers, all I got was a load of drivel.......:rolleyes: [some of you might remember]. But you can't beat of good Buttery.....(y)

    Anyway, back on topic :oops:
     
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  8. Arl10
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    Arl10

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    I think they all try their luck , hope you are dazed in the showroom & feel that feeding you a breakfast at lunch time & offering cheap coffee , will hide the tricks up their slieve , while removing your wallet and the contents of your bank .
    One of my mates now only contract hires all of his cars as his 18 month 1 series got flooded and the insurance didnt cover what he owed on finance .
     
  9. zarnd
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    zarnd

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    Depends on a lot of things. How much they gave for the car, how many similar/same spec cars they have.

    The most important one is how long they have had the car in stock!
     
  10. mach one
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    mach one WARLORD Site Supporter

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    looks like the car has been in stock for a while now and the price is dropping looks like a nice car for the money
     
  11. Mieke
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    Mieke WARLORD Site Supporter

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    "What's the markup?" - Answer: What ever they can get away with. ;)
     
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  12. gw8izr
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    gw8izr

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    Before I buy a used car I spend a few hours at the auctions, its easy then to work out roughly what negotiating room you have.
     

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