Used Car Dealers
Discussion
They've probably wound the margins down so much that they don't have much wiggle room.
When I was in a similar situation I couldn't get any dealers to budge on the cost of the car I was buying but I did manage to wangle more money on trade in for my car.
I don't know how that is any different for them but I guess it balances their books a bit better?
When I was in a similar situation I couldn't get any dealers to budge on the cost of the car I was buying but I did manage to wangle more money on trade in for my car.
I don't know how that is any different for them but I guess it balances their books a bit better?
ThePlanner said:
I have been looking for a car for a few weeks now and the 2 that i have seen match what we are looking for. But the dealers are not willing to negotiate on price. Seems that cash is not king no more
Are the margins that tight on used cars that the sticker price is the final price.
What type of traders? What sort of prices. How keenly are they priced anyhow?Are the margins that tight on used cars that the sticker price is the final price.
The answer to your question is; yes, no, maybe, sometimes, not at all
i.e. it really depends on the specifics, not the generalisations.
ThePlanner said:
I have been looking for a car for a few weeks now and the 2 that i have seen match what we are looking for. But the dealers are not willing to negotiate on price. Seems that cash is not king no more
Are the margins that tight on used cars that the sticker price is the final price.
Trade prices are generally above book at the moment driven by the good weather, restricted supply of clean genuine vehicles, excess money around and feelgood factor.Are the margins that tight on used cars that the sticker price is the final price.
Prices in past years have been hit in October due to the Sept plate change and seasonal downturn etc.But not in 2013......
ThePlanner said:
I have been looking for a car for a few weeks now and the 2 that i have seen match what we are looking for. But the dealers are not willing to negotiate on price. Seems that cash is not king no more
Are the margins that tight on used cars that the sticker price is the final price.
As has been mentioned, good stock is hard to come by at the moment so no need to discount what can't be replaced. The fall out from 2008/9 is here.Are the margins that tight on used cars that the sticker price is the final price.
Also, you've answered your own question. 2 weeks to find only 2 examples that fit the bill? I can't think of many cars that meet that description.
What are you looking for, OP?
The internet has been the great leveller IMO.
No dealers can build in huge margin or negotiation wiggle room on mainstream cars any more - the inflated advertised price, open for all to see at the click of a button, would pursuade precisely nobody to enquire except the odd walk-in who has done no research.
I think the only dealers playing with high margins are the classic / specialist guys who either have unique product waiting for the right buyer or a dealer reputation that adds tangible value to the price punters will pay.
It can be done though if you understand some of the dynamics and are prepared to play the game - I got a car advertised at a dealer for £8k for a price starting with a 6.
Not in the trade though, so just IMO.
No dealers can build in huge margin or negotiation wiggle room on mainstream cars any more - the inflated advertised price, open for all to see at the click of a button, would pursuade precisely nobody to enquire except the odd walk-in who has done no research.
I think the only dealers playing with high margins are the classic / specialist guys who either have unique product waiting for the right buyer or a dealer reputation that adds tangible value to the price punters will pay.
It can be done though if you understand some of the dynamics and are prepared to play the game - I got a car advertised at a dealer for £8k for a price starting with a 6.
Not in the trade though, so just IMO.
Simple solution to this. Negotiate the car on finance. The Consumer Credit Directive gives you a 14 day cooling off period; so if you settle the loan within 14 days then the you will only have to pay interest for the number of days the agreement was in force. So if you can get £500 off for getting the car on finance you will very likely get £490+ off if you settle the finance within 14 days.
ThePlanner said:
I have been looking for a car for a few weeks now and the 2 that i have seen match what we are looking for. But the dealers are not willing to negotiate on price. Seems that cash is not king no more
Are the margins that tight on used cars that the sticker price is the final price.
Chances are you've only went to the dealer because you know already he is the cheapest. What makes you think he has even more ££££'s to give away?Are the margins that tight on used cars that the sticker price is the final price.
Margins are VERY tight on used cars these days. Good used stock is hard to come by. I only trade part time these days but i would honestly say that a good car is harder to find than a customer so i'm certainly not going to give a car away thats taken me 5 weeks to source.
plasticpig said:
Simple solution to this. Negotiate the car on finance. The Consumer Credit Directive gives you a 14 day cooling off period; so if you settle the loan within 14 days then the you will only have to pay interest for the number of days the agreement was in force. So if you can get £500 off for getting the car on finance you will very likely get £490+ off if you settle the finance within 14 days.
Thats very nice in theory, but i'm not sure there'll be too many dealers offer you £500 off the car just to take a finance deal. 300bhp/ton said:
ThePlanner said:
I have been looking for a car for a few weeks now and the 2 that i have seen match what we are looking for. But the dealers are not willing to negotiate on price. Seems that cash is not king no more
Are the margins that tight on used cars that the sticker price is the final price.
What type of traders? What sort of prices. How keenly are they priced anyhow?Are the margins that tight on used cars that the sticker price is the final price.
The answer to your question is; yes, no, maybe, sometimes, not at all
i.e. it really depends on the specifics, not the generalisations.
Car Value 9000 I am looking at an impreza Auto for my wife. We don't have trade in
The car has been listed by them for over 13 weeks and they are not willing to budge on price. Shame really but there are not many of them about.
ThePlanner said:
300bhp/ton said:
ThePlanner said:
I have been looking for a car for a few weeks now and the 2 that i have seen match what we are looking for. But the dealers are not willing to negotiate on price. Seems that cash is not king no more
Are the margins that tight on used cars that the sticker price is the final price.
What type of traders? What sort of prices. How keenly are they priced anyhow?Are the margins that tight on used cars that the sticker price is the final price.
The answer to your question is; yes, no, maybe, sometimes, not at all
i.e. it really depends on the specifics, not the generalisations.
Car Value 9000 I am looking at an impreza Auto for my wife. We don't have trade in
The car has been listed by them for over 13 weeks and they are not willing to budge on price. Shame really but there are not many of them about.
daemon said:
ThePlanner said:
I have been looking for a car for a few weeks now and the 2 that i have seen match what we are looking for. But the dealers are not willing to negotiate on price. Seems that cash is not king no more
Are the margins that tight on used cars that the sticker price is the final price.
Chances are you've only went to the dealer because you know already he is the cheapest. What makes you think he has even more ££££'s to give away?Are the margins that tight on used cars that the sticker price is the final price.
Margins are VERY tight on used cars these days. Good used stock is hard to come by. I only trade part time these days but i would honestly say that a good car is harder to find than a customer so i'm certainly not going to give a car away thats taken me 5 weeks to source.
unfortunately the AWD is a must and is the most important thing. So no little family hatch would be suitable.
plasticpig said:
daemon said:
Thats very nice in theory, but i'm not sure there'll be too many dealers offer you £500 off the car just to take a finance deal.
For an £8k second hand car I you are probably right; for a £40k second hand car with £30k financed I suspect you might find they will.Gassing Station | General Gassing | Top of Page | What's New | My Stuff