Ask a car salesman anything...anything at all (Vol. 2).

Ask a car salesman anything...anything at all (Vol. 2).

Author
Discussion

Joey Deacon

3,576 posts

141 months

Friday 16th April
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Anonymous-poster said:
It would depend on various things especially did you take finance, GAP, paint protection etc.
I am guessing a powerfully built company director would refuse GAP, Paint Protection, Tyre Insurance etc. and just pay cash.

I am assuming in this situation they would make virtually nothing and if it is an in demand car not even really want to sell it to you?

bzh1p9

141 posts

139 months

Friday 16th April
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How's this week been then?!


With a lot of manufacturers closing LCV order banks ............ it is interesting

Newton472

131 posts

7 months

Friday 16th April
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Joey Deacon said:
Anonymous-poster said:
It would depend on various things especially did you take finance, GAP, paint protection etc.
I am guessing a powerfully built company director would refuse GAP, Paint Protection, Tyre Insurance etc. and just pay cash.

I am assuming in this situation they would make virtually nothing and if it is an in demand car not even really want to sell it to you?
All the crazy GAP/alloy wheel cover totally unnecessary add ons always remind me of the "Extended warranty how could I lose!" bit in the Simpsons.

https://youtu.be/Y-GxcejOlFA?t=148


Jonny Wishbone

573 posts

11 months

Friday 16th April
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Nothing wrong with GAP or alloy insurance; they're not for everybody but the products suit some people. The bone of contention is the price.

Paint "protection" from a dealer? Not so much.

valiant

5,718 posts

125 months

Friday 16th April
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Newton472 said:
All the crazy GAP/alloy wheel cover totally unnecessary add ons always remind me of the "Extended warranty how could I lose!" bit in the Simpsons.

https://youtu.be/Y-GxcejOlFA?t=148
Gap cover is a Godsend if you need to use it. It’s cheap if you buy away from the dealer and is designed to put you in a decent position to replace your car rather than worry about any shortfalls.

Other products are questionable admittedly in their value. I’ve had the alloy wheel insurance as I had spandangly diamond cut unobtainium wheels and one cracked. Limit of payout per wheel? £150. That went far hehe They paid out very quick though...

undred orse

752 posts

161 months

Friday 16th April
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Any thoughts about how the market is moving? I know that things were busy last year and less so later but prices seems to have gone up for a car similar to mine - Boxster - and there seems to be very few out there. At the same time dealers are saying that they have very limited new ones to sell, so keeping used high I suppose, and are seeing a big shift to online click and collect type sales. Having travelled a bit last week for the first time in a long time I couldn't believe the amount of lorries I saw with Cinch and Carzoo branding.

Have things changed forever for the used market - at least for reasonably new cars and will there be more supply of new soon? My thoughts - to the first yes and the second probably yes as they need revenue lost from last year but are still limited by the covid and supply issues so it may be a while. Of course if the economy goes bang that'll change but there seem to be plenty of people with new 911 money about at the moment wherever they are getting it from.

Pazuzu

363 posts

201 months

Saturday 24th April
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A friend wants a new Ford Ranger - any Ford guys on here and I’ll put you in touch?

resolve10

266 posts

10 months

Saturday 24th April
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Joey Deacon said:
I am guessing a powerfully built company director would refuse GAP, Paint Protection, Tyre Insurance etc. and just pay cash.

I am assuming in this situation they would make virtually nothing and if it is an in demand car not even really want to sell it to you?
I don't work in the trade but I was offered a job for a main dealer last month. I didn't take it in the end, but I did receive a copy of the commission structure.

The whole scheme seemed pretty fair to me - it was geared up to make you want to sell as many cars as possible which is the whole idea of a commission based salary. Although you do get additional incentives for selling things like GAP, paint protection etc, the bulk of your commission was made on the car itself. You could also earn more money for hitting a certain number of units in a calendar month, so any sale is worth having. It would be illogical to create a situation where a sales executive didn't want to sell a car to someone because they didn't want all the extra products.

DoctorX

5,334 posts

132 months

Saturday 24th April
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What’s the going rate for the paintwork and alloy insurance? I was quoted a ‘discounted’ rate of £499 each today. I was shocked, not that I would have bought them anyway.

shininghero

12 posts

82 months

Sunday 25th April
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Quick question for salesmen who works at a main dealership.
I'm looking to buy a 1-2 year old approved used Peugeot 3008, circa £20-25k. Is there a ball park margin that you guys work on for a cash sale (so no trade in or finance)? Obviously the dealer needs to make a profit but I wanted to get a sense of how much discounting I can achieve. Any advice will be much appreciated!

Fast Bug

9,317 posts

126 months

Sunday 25th April
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With a shortage of stock, I wouldn't expect too much off the screen price.

That and the Internet had made comparing prices easy, so you have to start off keenly priced

Dynion Araf Uchaf

2,716 posts

188 months

Sunday 25th April
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DoctorX said:
What’s the going rate for the paintwork and alloy insurance? I was quoted a ‘discounted’ rate of £499 each today. I was shocked, not that I would have bought them anyway.
supagard paintwork protection is bought in in bulk for about £70 a unit.

Dynion Araf Uchaf

2,716 posts

188 months

Sunday 25th April
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shininghero said:
Quick question for salesmen who works at a main dealership.
I'm looking to buy a 1-2 year old approved used Peugeot 3008, circa £20-25k. Is there a ball park margin that you guys work on for a cash sale (so no trade in or finance)? Obviously the dealer needs to make a profit but I wanted to get a sense of how much discounting I can achieve. Any advice will be much appreciated!
a car like that would have around £1500 in it.

as for a discount, it's harder to get on a desirable used car, but I'd guess around £500 for that car, maybe more if they need it to hit a number.

Save Ferris

2,432 posts

178 months

Sunday 25th April
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Fast Bug said:
With a shortage of stock, I wouldn't expect too much off the screen price.

That and the Internet had made comparing prices easy, so you have to start off keenly priced
Same with us, we have to price the cars extremely competitively to get the enquiries.
So we rarely need to discount used cars these days.

There may be the odd exception for overage stock, but even then it would just be a few hundred £££

HTP99

18,156 posts

105 months

Sunday 25th April
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Dynion Araf Uchaf said:
shininghero said:
Quick question for salesmen who works at a main dealership.
I'm looking to buy a 1-2 year old approved used Peugeot 3008, circa £20-25k. Is there a ball park margin that you guys work on for a cash sale (so no trade in or finance)? Obviously the dealer needs to make a profit but I wanted to get a sense of how much discounting I can achieve. Any advice will be much appreciated!
a car like that would have around £1500 in it.

as for a discount, it's harder to get on a desirable used car, but I'd guess around £500 for that car, maybe more if they need it to hit a number.
LOL, no chance, now and in normal circumstances as any advertised car has to be priced competitively in the first instance to even get a look in.

Just today someone offered me £200 off a car "I'll buy it now", no justification just £200 off "because", then went "OK £100 off", they just want money off "just because" no chance, pay the asking, this weekend we sold 2 equivalent ones for asking and that is the last we have, it's in an amazing condition and we don't know where the next one is coming from and how much more it will cost us.

Used cars are harder to replace now identical like for like cars commanding £thousands more to replace, if it's not sold to you at "sticker" someone else will pay the asking, you'll likely find the equivalent replacement will be more expensive, if it's what you want and the correct price then buy it ASAP.

Edited by HTP99 on Sunday 25th April 23:01