Trade in Values vs Sale Value

Trade in Values vs Sale Value

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Discussion

oldnbold

1,280 posts

147 months

Thursday 10th January 2013
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smokey145 said:
sorry, i meant to reply this earlier (and not derail the thread as much)

i dont have an issue with car salesman as such. i did happen to come across alot of posts in the "car salesman" thread which were surprising and disappointing. alot of them were more concerned with say finishing early than making a sale. and would then complain continuously about things being "slow" when only the other week you were closing up shop as soon as the sun started to go down. the idea of people coming in without appointments to pitches without strict appointment policies was balked at ( confused ). customers that came in with 30 minutes to go in the day were seen as nuisances. customers with kids were not welcome. and when a good chap came into the thread having had a very good sales experience we were very quickly told this wasnt the norm and that very good sales practice he had experienced was not the norm.

there is the odd guy in there that is clearly a professional, markmullen for example. he has excellent stock and a great approach. but there are also many charlatans.
Smokey as I said on the car salesmans thread, what you are describing is just banter between guys who have a common job.

That job has a multitude of frustrations, as any job has. Such as spending all day on a Sunday, when you would much rather be at home with TOH, and not seeing a customer all day and then 2 turn up 20 mins before you are due to knock off.

Kids if behaved are always welome, if not behaved then some will say something others wont. What is said on the thread and what happens in the showroom in front of customers are very different.

Speak to any group of people who have to deal with the public day to day and you will hear simular comments and moans, but that for most wont effect how they do there jobs. Car salesman can be good, bad or indifferent just like in any other occupation.

DHE

4,517 posts

191 months

Thursday 10th January 2013
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Any more info from the OP regarding his car details?

PointnShoot

157 posts

218 months

Thursday 10th January 2013
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Top post and spot on.

oldnbold said:
Smokey as I said on the car salesmans thread, what you are describing is just banter between guys who have a common job.

That job has a multitude of frustrations, as any job has. Such as spending all day on a Sunday, when you would much rather be at home with TOH, and not seeing a customer all day and then 2 turn up 20 mins before you are due to knock off.

Kids if behaved are always welome, if not behaved then some will say something others wont. What is said on the thread and what happens in the showroom in front of customers are very different.

Speak to any group of people who have to deal with the public day to day and you will hear simular comments and moans, but that for most wont effect how they do there jobs. Car salesman can be good, bad or indifferent just like in any other occupation.

rehab71

3,362 posts

191 months

Thursday 10th January 2013
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Why do people have such an issue with dealerships making a profit? In terms of return on sales, car sales has one of the lowest %, perhaps 1 maybe 2%. No one has a pop at jewellers who have massive margins, but when it comes to cars it's a huge problem.

General Price

5,256 posts

184 months

Thursday 10th January 2013
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I have forgotten what the thread was about.biggrin

bmthnick1981

5,311 posts

217 months

Thursday 10th January 2013
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Zwolf said:
So you DO declare all your trading profits to HMRC and pay tax on them after all?

No? Then fk off back under your bridge you hypocritical .
Smokey, given your thread re: selling cars from home and now your views on car salespeople generally, I agree with Zwolf, you are coming across as a complete hypocrite.

Plotloss

67,280 posts

271 months

Thursday 10th January 2013
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Party A has no overheads whatsoever, turns a modest gross profit and subsequently a modest nett profit which leads to the term 'ethical' being bandied about.

Party B has colossal overheads, as dictated by the market, turns a significant gross profit and subsequently a modest nett profit which leads to the term 'unethical' being bandied about.

I'm interested between the purported link between cost floor and ethics.

Well, when I say interested, what I actually mean is 'have a morbid curiosity towards the lunacy that came up with this'


markmullen

15,877 posts

235 months

Thursday 10th January 2013
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rehab71 said:
Why do people have such an issue with dealerships making a profit? In terms of return on sales, car sales has one of the lowest %, perhaps 1 maybe 2%. No one has a pop at jewellers who have massive margins, but when it comes to cars it's a huge problem.
Because they're simple.

HTH.

Zwolf

25,867 posts

207 months

Thursday 10th January 2013
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Plotloss said:
Well, when I say interested, what I actually mean is 'have a morbid curiosity towards the lunacy that came up with this'
hehe

unrepentant

21,272 posts

257 months

Thursday 10th January 2013
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smokey145 said:
sounds like a great experience. alot of the charlatans opererating in the "car salesman" thread could learn from again. pointed good sales etiquette to them previously and i was harranged out of the thread.
When you were turned down for the car sales job you so desperately sought were spelling and grammar among the issues mentioned?

PGN 500sl

2,935 posts

167 months

Thursday 10th January 2013
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smokey145 said:
No sir, never been banned.
shame

muckymotor

2,288 posts

222 months

Thursday 10th January 2013
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I'll just post quickly on topic then the entertainment can continue wink

We've recently changed my wifes car and the PX prices offered were a little below what we were expecting. I contacted a few traders offering them the car and also advertised it on http://www.dealerbid.co.uk/ which is only accesable to traders. To be honest I wasn't expecting much but suprisingly had plenty of interest and sold the car for £1200 over the best PX price.

I realise that reads like an advertisement for the web site but I have no connections with it or anyone who runs it.

wheedler

419 posts

138 months

Thursday 10th January 2013
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For rehab, if I quote you then it gives me error and can't post.

Because dealers play with people's money, savings etc. I guess one can guess going to VW buying whatever car they have, paying sticker because the salesman pulls out a book with future value and say, look your car after 3 years will be worth x%. Then after 3 years when you want a new car or whatever you pull a book out when the salesman low balls you with a disrespectful offer and he tells you, actually Sir that's just a guide. Happened to me, at Honda and Vw. I hate dealers so I haven't used any for the last 4 cars I owned

Zwolf

25,867 posts

207 months

Thursday 10th January 2013
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I would LOVE a book that tells me car values three years ahead of time.

>orders superyacht<

Chrisw666

22,655 posts

200 months

Thursday 10th January 2013
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Zwolf said:
I would LOVE a book that tells me car values three years ahead of time.

>orders superyacht<
Surely the point is the salesman tells you what the GFV might be in your PCP deal? That may be more than or less than the cars value, if it is less then the buyer wins as they dodged a depreciation bullet, if the value is more the buyer wins because they can pocket the difference not the dealer.

No car salesman has ever told me what a car will be worth in three years, I suspect if that was common practice sackings would be more widespread.

Zwolf

25,867 posts

207 months

Friday 11th January 2013
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Chrisw666 said:
Surely the point is the salesman tells you what the GFV might be in your PCP deal? That may be more than or less than the cars value, if it is less then the buyer wins as they dodged a depreciation bullet, if the value is more the buyer wins because they can pocket the difference not the dealer.
Bingo.

Ozzie Osmond

21,189 posts

247 months

Friday 11th January 2013
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BettySwollocks2 said:
I completely understand they want to make a profit but wanting to make almost 80% is shocking in my opinion.
Ever been to a pub/wine bar/restaurant??

Chrisw666

22,655 posts

200 months

Friday 11th January 2013
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Zwolf said:
Bingo.
Funnily despite selling PCP quite well there I still don't like it hehe

037

1,317 posts

148 months

Friday 11th January 2013
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This is a great thread! Keep it up guys.......

Downton Mini

1,026 posts

165 months

Friday 11th January 2013
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BettySwollocks2 said:
Its not that easy due to the untrustworthy state of britain these days, as soon as a HPI check flashes up financed, even if you tell someone you will pay it when they are standing there they are unwilling to trust you and find a car elsewhere.
Rubbish when we brought our Golf the seller said it had finance out standing whihc he was arranging to pay off we p[aid a depoist based on this once he sent us confimration that it had been paid we paid the rest nice easy transatcion