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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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What is this discussion about? Car Buying


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#638 of 677
Re: Profit [isellhondas] by jipster
Jun 10, 2009 (5:12 pm)
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Replying to: isellhondas (Jun 10, 2009 2:42 pm)

If you looked at a used car that was priced well below the market, would you tell the seller that you would be happy to pay them more?
 
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.
#639 of 677
profit by kepi71
Jun 11, 2009 (4:30 am)
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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?
#640 of 677
Re: profit [kepi71] by tidester HOST
Jun 11, 2009 (5:34 am)
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Replying to: kepi71 (Jun 11, 2009 4:30 am)

You're not obligated to trade in your car and you might want to sell it on your own.
 
tidester, host
SUVs and Smart Shopper
#641 of 677
Re: profit [kepi71] by jipster
Jun 11, 2009 (5:52 am)
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Replying to: kepi71 (Jun 11, 2009 4:30 am)

I believe you meant some salesmen are like vultures. Most of the salesmen I have met were fairly nice guys... a few sleaseballs in there.
 
Haggling is fun. I think you should either haggle with a good attitude, or sell your car privately.
#642 of 677
Re: profit [kepi71] by mikefm58
Jun 11, 2009 (5:56 am)
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Replying to: kepi71 (Jun 11, 2009 4:30 am)

any suggestions, getting ready to trade in and start haggling with the vultures soon
 
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.
#643 of 677
Re: profit [kepi71] by isellhondas
Jun 11, 2009 (6:39 am)
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Replying to: kepi71 (Jun 11, 2009 4:30 am)

As someone else already said, you really need to lose the attitude.
 
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!
#644 of 677
Re: profit [kepi71] by euphonium
Jun 11, 2009 (7:17 am)
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Replying to: kepi71 (Jun 11, 2009 4:30 am)

I think I know several of your ex wives.
#645 of 677
Re: Profit [joel0622] by dtownfb
Jun 11, 2009 (8:44 am)
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Replying to: joel0622 (Jun 10, 2009 12:45 pm)

That's even better. I do have nice friends and plenty of them since I try to treat people fairly.
#646 of 677
Re: profit [kepi71] by volvomax
Jun 11, 2009 (11:19 am)
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Replying to: kepi71 (Jun 11, 2009 4:30 am)

First of all, your attitude isn't going to help.
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.
#647 of 677
Re: profit [volvomax] by fonefixer
Jun 11, 2009 (12:34 pm)
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Replying to: volvomax (Jun 11, 2009 11:19 am)

Most people don't realize that no matter what "book" or "on line service" is consulted, YOUR particular vehicle will have a totally different value in the real world. Every car has a different condition, miles, options and color scheme. Do you maintain a 3 ring binder with all the books/receipts ? Less than 5% of all cars come with full records.
 
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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