- #604 of 2394
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Re: Local dealership closing down but not pushing sales of remaining stock [volvomax]
by golic
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Jan 22, 2009 (12:45 pm)
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Replying to: volvomax (Jan 22, 2009 12:05 pm)
Unless there is an administrative cost to send cars back, or a cost for shipping/transporting cars back to Ford. Then I would agree.
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- #605 of 2394
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Re: Pricing for used vehicles in Canada (TMV like)? [cdn_tch]
by oldfarmer50
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Jan 22, 2009 (3:15 pm)
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Replying to: cdn_tch (Jan 21, 2009 8:04 pm)
"...dealers here are generally asking 50-60% over top blackbook price..."
I guess it's the same all over. Here, (upstate NY) they ask 2-3K over KBB retail prices. I just don't get the "home run" mentality.
BTW, here it's called Kelley Blue Book.
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- #606 of 2394
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is it?
by explorerx4
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Jan 22, 2009 (3:48 pm)
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door #1
or
door #2
or
door #3
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- #607 of 2394
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Re: is it? [explorerx4]
by boomchek
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Jan 22, 2009 (5:45 pm)
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Replying to: explorerx4 (Jan 22, 2009 3:48 pm)
Whichever the buyer wants it to be. 
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- #608 of 2394
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Re: is it? [explorerx4]
by bolivar
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Jan 22, 2009 (9:59 pm)
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Replying to: explorerx4 (Jan 22, 2009 3:48 pm)
It's rolling the miles up. From 153,000 to 207,000. Or maybe its just how the light hits that odometer.
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- #609 of 2394
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Re: Pricing for used vehicles in Canada (TMV like)? [oldfarmer50]
by volvomax
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Jan 23, 2009 (7:26 am)
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Replying to: oldfarmer50 (Jan 22, 2009 3:15 pm)
I guess it's the same all over. Here, (upstate NY) they ask 2-3K over KBB retail prices. I just don't get the "home run" mentality
If you don't ask, you don't get.
Remember, you can ask whatever you want, it's what you finally sell the car for that matters.
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- #610 of 2394
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Re: Pricing for used vehicles in Canada (TMV like)? [volvomax]
by cdn_tch
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Jan 23, 2009 (7:42 am)
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Replying to: volvomax (Jan 23, 2009 7:26 am)
The thing is, here in Canada the info for the consumer is minimal, we have to buy our invoice pricing for new cars, and it is difficult to go in to negotiate on a used car if you don't have any reference point on used cars. That is why I asked my original question. I guess a rephrasing of the question would be, what could one reasonably expect off of posted pricing on a used vehicle?
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- #611 of 2394
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Re: Pricing for used vehicles in Canada (TMV like)? [cdn_tch]
by boomchek
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Jan 23, 2009 (10:02 am)
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Replying to: cdn_tch (Jan 23, 2009 7:42 am)
If a car hasn't been reduced already, you can safely expect $100-$500 off. Sometimes maybe six hundred dollars will be possible too. 
This applies to all the used cars and all dealers across the country, especially the one I work at
If a car has been discounted already, expect another $50 off.
Ok, I was just pulling your leg there. Look the discount really depends on how much the dealer is into the car for. If they paid too much for it on a trade either because it's a museum quality piece worth every penny, or because they needed to make a deal happen, there's not going to sell it at a certain price because black book says this or that.
The truth is every single used car is different, and prices paid for them are different, and there is no set rules as for trading in and pricing them.
But as a general rule expect anywhere from $500 to $2000 off on a used car, once again depending on the lot, and $0-$500 on deeply discounted clearance units.
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- #612 of 2394
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Re: Pricing for used vehicles in Canada (TMV like)? [cdn_tch]
by morin2
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Jan 23, 2009 (2:38 pm)
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Replying to: cdn_tch (Jan 23, 2009 7:42 am)
I don't know why Canada would be any different than the US, but anyway, my take on used prices is that dealers generally have 50% of asking price in the car. I could be wrong on certified used as I've never tried to negotiate for one. My current commuter was a 3 year old Corolla with 25K miles four years ago, priced at 10,295. After all was done, got it for 5700 cash, thousands under Edmunds wholesale. This is about typical for my experience buying used at new car dealers. One of the most fun cars I ever drove was an '87 US-made VW Golf that I bought in 1990. Priced at 6788, I finally got it for 3750 and got them to double the warrantee. That one took all day.The car was a true creampuff with the service book stamped every interval, including a senior citizen discount stamp and although I wanted it - I was also very willing to walk. Owner of the place offered me a job on the spot selling cars for him. I refuse to finance a used car and carry a wad of cash to show I'm serious. You have to be willing to walk - I walked out twice on the Corolla. Treat the owner, manager and his salesmen like professionals with respect, the way you wish to be treated and you can negotiate. There's far more room for negotiation on used cars than new, IMO.
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- #613 of 2394
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Re: Pricing for used vehicles in Canada (TMV like)? [morin2]
by boomchek
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Jan 23, 2009 (3:06 pm)
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Replying to: morin2 (Jan 23, 2009 2:38 pm)
my take on used prices is that dealers generally have 50% of asking price in the car.
This may be true for very low priced cars, but not for anything that's more substantial in price. If we take in a car for $20k, there's no way we can sell it for $40k.
If they sold you a Corolla for half the asking price, they could have had it on the lot for a while and decided to take a loss on it.
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