dealers mark up!

[TJC46]

Now i noticed this car for sale only a couple of weeks back. There were a few reasons why it caught my attention. First being the beautiful colour, [click on my profile and you will understand], 2nd the low mileage, one owner, and third it was in Cheshire, so not to far away from myself. Price by the way was £16995 and a private sale.

Im not in the market to buy, just browsing.

Now look where it has turned up, and more to the point look at the price I know dealers need to turn a profit but for fcks sake.
Probably bought it for 16k tops and a clear 6k profit I would have never considered buying from a dealer in the past, and this explains why! This in my opinion is just ripping people off.
http://www.pistonheads.com/sales/4074176.htm

[JamesSim]

Mmm,
Nobody is going to pay the asking price, factor in the extremely low mileage and I'm sure the dealer will have to attend various warranty jobs within the period, at his cost.
It's in stunning condition visually and I personally would rather pay an extra 3-3.5k to have the dealer warranty on a car that age, against buying privately.
That's my opinion as I don't want to get down and dirty sorting out any issues myself.

Kind regards,

James.

[MrChips]

Why get rattled by it. Even a £6k mark up does not absolutely guarantee a profit depending on the prep work required, stocking costs, test drives, sales staff, and potentially any work needed under warranty.

I'm not keen on RG's prices either, and wouldn't even say that their stock that i've seen when purchasing is top quality. But they're a business, and one that the tvr community benefit from staying open!

I was gazumped by tvrmads when I was looking at buying a Tamora. It annoyed me only because I lost out on the deal as the car was underpriced (private sale), but I don't begrudge any profit they made.


Who wants a pink Tuscan anyway

[Basil Brush]

If I had to stand behind a Yr '00 Tuscan with only 8k miles on it, I'd want at least 6k in the bank as well.

[DonkeyApple]

I can't see the issue really.

The vendor sold, so he was happy with the price.

The dealer has to store the car until sold, carry out work to get it to the right standard, pay for a warranty, pay the salesman's comm and then try and turn a profit.

£6k seems fair but you'd want a better margin than that in an ideal world.

[Dischordant]

I live just down the road from them (literally walking distance) - they don't seem to take much care of their show room floor cars. If I ran that dealer ship I'd fix all stone chips/scuffs etc. and keep the cars in mint condition. Many of the ones in their showroom have marks on or just aren't particularly well cleaned. Their lack of attention to detail has made me want to steer well clear of them for a future purchase =/

Edited by Dischordant on Friday 20th July 02:05

[Quietlybonkers]

Many used car dealers stock the cars in the condition as they buy them, stone chips, unserviced and all, and only prepare the cars when they sell them so that they don't waste thousands on cars that they then have to dispose of within the trade. I agree with your comments, and would prefer to see the cars in showroom condition before buying, but see their point of view too. And I can actually see the merit in us seeing the 10-12 year old cars in original condition when buying

[truck71]

Dealer in profit making deal shock. It's what they do, as others have said there will be prep/marketing costs, finance costs to own the car and they have to pay 20% vat on the profit they make despite what they may need to spend on the car. £6k for these type of cars is about right- I've sold mine to a dealer recently and it's sold already- advertised price was £5.5k more than I got for it. I was happy (surprised in fact what they offered) as I didn't want the ballache of dealing with it, they were happy and turned it round quick and the new owner must be happy or he/she wouldn't have bought it. The vendor put a 12 month bumper to bumper inhouse warranty on it that they have to stand by so all in all about right for everyone.

Just my tuppence worth though..

[DonkeyApple]

Dischordant said:

I live just down the road from them (literally walking distance) - they don't seem to take much care of their show room floor cars. If I ran that dealer ship I'd fix all stone chips/scuffs etc. and keep the cars in mint condition. Many of the ones in their showroom have marks on or just aren't particularly well cleaned. Their lack of attention to detail has made me want to steer well clear of them for a future purchase =/

Edited by Dischordant on Friday 20th July 02:05

Buy those are usually customer cars on SoR.

Why would the dealer spend money on someone else's car before they had sold it and received the money?

If the owner want to sell it for the best figure it's up to him to ensure it looks it's best. But strangely sellers never want to spend a grand to make a couple more back.

[Mastiff]

As others in the thread have said - £6,000.00 start - take the VAT out you're down to £5,000.00 - £900.00-ish for a warranty you're down to £4,100.00 - allow a bit of dealing money - say £1,000.00 either discount or over allowance/tax whatever and you're down to £3,100.00 - now you're paying valeters, techies, rent etc etc..

Much to the dislike of most people, I am sorry to say that the vendor is entitled to earn a bit of profit on the £16,000.00 he's laid out. Especially as (if doing the job properly) he will have to offer a level of service when those "new owner teething troubles" arise.

I don't think that the guys too far out of the way.

It's a bit different with the more mainstream stuff when you have the manufacturers warranty to fall back on when things start to fall off, but this specialist stuff? - I'm afraid I'd want a sensible start in it too.

Just my 2p worth of course..

[Cockey]

No longer a buyer, so push those prices up! If they can find people prepared to pay those sort of prices, then good for them.