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How Much Profit Should A Car Dealer Make?

677 messages, Last post on Jun 16, 2009 at 12:34 PM
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Replying to: isellhondas (Jun 10, 2009 2:42 pm) If I was worried about being "fair" I would... which I'm not. But, the original poster wrote about wanting to be fair. If the dealership wanted to be "fair" they would have given him more for the trade-in... despite the customers ignorance. |
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salesmen are like vultures, I don't understand why they don't give you shit for your trade in but they want the biggest buck for their used car! I for once would like to drive out of a dealerships parking lot with a big smile on my face knowing I got a great deal and they didn't take me for a ride! But, I doubt that ever happens, most people drive off in that new to them used car with a look of I got screwed and I guess I better get happy about it, I'll be paying on this for the next 4 or 5 years! any suggestions, getting ready to trade in and start haggling with the vultures soon? |
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Replying to: kepi71 (Jun 11, 2009 4:30 am) tidester, host SUVs and Smart Shopper |
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Replying to: kepi71 (Jun 11, 2009 4:30 am) Haggling is fun. I think you should either haggle with a good attitude, or sell your car privately. |
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Replying to: kepi71 (Jun 11, 2009 4:30 am) My first suggestion, lose the attitude, there are folks in the biz here that have been very helpful. It gets you nothing and probably shows when you negotiate. Go to "Real world trade in values" here and get exactly that. Or even take it to Carmax for a free appraisal. You will then know what your trade in is really worth and not what some online guide says it is. The online guides can sometimes be way off. |
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Replying to: kepi71 (Jun 11, 2009 4:30 am) With an attitude like yours you really should sell your car yourself and maybe look for a used car from a private party. Nice first post, by the way! |
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Replying to: kepi71 (Jun 11, 2009 4:30 am) |
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Replying to: joel0622 (Jun 10, 2009 12:45 pm) |
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Replying to: kepi71 (Jun 11, 2009 4:30 am) This is business,not personal. Salesmen do their jobs, you should do yours. Get a bid from Carmax for your trade before you go in. Settle on what kind of car you want to buy before you leave the house. See what that car is going for in your area. Look at the ads, read them carefully. Look at Edmunds,but take it with a grain of salt. If you feel you got screwed, thats a YOU problem. No one held a gun to your head to make you buy a car. DON'T buy one until you are fully satisfied but be realistic in your goals. We had a guy who said he already walked out of 5 dealerships, he made us RIDICULOUS offers for our car. This was the kind of guy you could tell had no clue what he was doing. Guess what? We let him walk too. Couple days later he came back and paid what we wanted. Does he think he got screwed? Probably,but I really don't give a rats a$$. This guy did no homework at all. He just thought that because the news babes said car sales were bad that we all were having going out of business sales. The MARKET let him know he was dead wrong. So, quit whining and do some research.
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Replying to: volvomax (Jun 11, 2009 11:19 am) What is the big surprise about dealer's "low ball" offer for a trade? Exactly right, it is nothing personal, just business, no different than any other field where trade ins are considered. I agree, to get the best price, take the time /trouble and sell the vehicle yourself!
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