Dealer offering insulting residuals.
Discussion
No surprises there you might think...
However, my main dealer has just offered well below what the online sharks are offering me and i'm pretty pissed. I do not like being taken for a fool and have come here to vent.
Now the reason I'm double pissed is that they have a pretty much identical car within their network which is priced sensibly, however if I were to take the lowly offer, and assuming they put it up at a similar price they would be making near 7k mark-up. Ridiculous.
I'm actually tempted to put in a complaint, but wonder what the PH masses think first....
p.s. I am not a deluded owner who thinks their car is worth more than it is. I know the market.
However, my main dealer has just offered well below what the online sharks are offering me and i'm pretty pissed. I do not like being taken for a fool and have come here to vent.
Now the reason I'm double pissed is that they have a pretty much identical car within their network which is priced sensibly, however if I were to take the lowly offer, and assuming they put it up at a similar price they would be making near 7k mark-up. Ridiculous.
I'm actually tempted to put in a complaint, but wonder what the PH masses think first....
p.s. I am not a deluded owner who thinks their car is worth more than it is. I know the market.
Although they will want to make a healthy mark up, they also need to cover them selves regarding warranty and if it needs any new parts or work done on it before they put it up for sale again. To be honest, I reckon they just dont want your car. Sell it privately and you will get a better discount if you just buy the car rather than part ex.
DoubleSix said:
No surprises there you might think...
However, my main dealer has just offered well below what the online sharks are offering me and i'm pretty pissed. I do not like being taken for a fool and have come here to vent.
Now the reason I'm double pissed is that they have a pretty much identical car within their network which is priced sensibly, however if I were to take the lowly offer, and assuming they put it up at a similar price they would be making near 7k mark-up. Ridiculous.
I'm actually tempted to put in a complaint, but wonder what the PH masses think first....
p.s. I am not a deluded owner who thinks their car is worth more than it is. I know the market.
Did the nasty man hold a gun to your head when he made the offer?However, my main dealer has just offered well below what the online sharks are offering me and i'm pretty pissed. I do not like being taken for a fool and have come here to vent.
Now the reason I'm double pissed is that they have a pretty much identical car within their network which is priced sensibly, however if I were to take the lowly offer, and assuming they put it up at a similar price they would be making near 7k mark-up. Ridiculous.
I'm actually tempted to put in a complaint, but wonder what the PH masses think first....
p.s. I am not a deluded owner who thinks their car is worth more than it is. I know the market.
It's just business.
Sell your car for what you think it's worth and then go back with no swapper.
It's not rocket science.
They're not holding you to ransom. A deal is done when both partys are happy with the offer. If your not happy then walk away.
Either he doesn't want your car or doesn't want to sell you the car you want. There could be lots of reasons for either.
Find someone who will do a deal your happy with.
Either he doesn't want your car or doesn't want to sell you the car you want. There could be lots of reasons for either.
Find someone who will do a deal your happy with.
ks to 'emDoubleSix said:
Now the reason I'm double pissed is that they have a pretty much identical car within their network which is priced sensibly, however if I were to take the lowly offer, and assuming they put it up at a similar price they would be making near 7k mark-up. Ridiculous.
Maybe that's why, they don't want two identical cars to sell??Both cars in your profile show as being modified in some way which would also put them off, would expect your BMW to be £6900 - £7375 (average condition cap black book trade in for a 65k miles Feb 2007 130i Msport) but could be quite a bit less if it has more than the 60k miles they would want on it to be able to resell as BMW approved used.
DoubleSix said:
Now the reason I'm double pissed is that they have a pretty much identical car within their network which is priced sensibly, however if I were to take the lowly offer, and assuming they put it up at a similar price they would be making near 7k mark-up. Ridiculous.
To be fair no two cars are identical so there may well be something about the other car which makes it more valuable than yours.With regards to the mark-up whether or not that is excessive depends on what they've offered you. If they've offered you £7k and are selling for £14k that DOES sound excesive. However offering you £50k and selling for £57 isn't (probably).
What are you complaining about? You've offered to sell them a car, they've said what it's worth to them. If that's less than you're willing to sell it for, sell it to someone else to whom it's worth more or keep it.
If they're offering well below market rate, it's probably because they don't want it.
If they're offering well below market rate, it's probably because they don't want it.
Guys.... I'm not naive to the market place. I'm a stockbroker so I understand market dynamics better than most.
I'm really looking for advice as to whether this is underhandedness that is worthy of a complaint.
In never been offered below what an online shiester would offer.
My Cayman S DE1 is on an '08 plate with 28,000 on the clock - the spec is silly: PASM, PSE, BOSE etc etc etc way more than on most Cayman's
http://www.dicklovett.co.uk/Dealers/Porsche/Used-C...
The above link is within their group and is an older car with a slightly lower milage, but the spec is MUCH lower.
Market price for my vehicle should be between 28k and 30k if they'd offered close to 25k they would not of insulted me.
I'm really looking for advice as to whether this is underhandedness that is worthy of a complaint.
In never been offered below what an online shiester would offer.
My Cayman S DE1 is on an '08 plate with 28,000 on the clock - the spec is silly: PASM, PSE, BOSE etc etc etc way more than on most Cayman's
http://www.dicklovett.co.uk/Dealers/Porsche/Used-C...
The above link is within their group and is an older car with a slightly lower milage, but the spec is MUCH lower.
Market price for my vehicle should be between 28k and 30k if they'd offered close to 25k they would not of insulted me.
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