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Dealer markup on trade-ins

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Old 01-04-2012, 08:54 PM
  #31  
Mumbles
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Originally Posted by mgordon18
Is there any rule of thumb for how much a dealer will mark-up a car they brought in on trade?

For example, if a dealer is selling a traded-in car for $50K, can any prediction be made as to how much they paid for it?

Not to be rude but I think this is a pointless question to ask.
When I purchased my 2 yr old 911s my only concern is what they will accept for the car, not what they have in the car, you'll never know the truth ( why would they tell you ?
)
Dealing in purchases with your hard earned...leave your morals at home.

Its a buisness, they're there to make money, with or without you.
Old 01-04-2012, 09:47 PM
  #32  
Mark Harris
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Originally Posted by CAA
In our area, Metro DC, 997's are marked up at least $5k and sometimes up to $9k. How do I know? Auction results. That's all they offer on trades as well. Here are the latest results for '08 Carrera 2's:

12/01/11 RIVRSIDE Lease $43,000 39,400 Avg SILVER 6G A Yes
12/01/11 RIVRSIDE Lease $40,500 42,822 Avg WHITE 6G 6 Yes
12/06/11 RIVRSIDE Lease $42,000 38,530 Avg GREY 6G A Yes
12/12/11 DFW Lease $47,500 23,419 Above BLUE 6G O Yes
12/14/11 PALM BCH Regular $51,000 11,269 Above BLUE 6G A Yes
12/15/11 RIVRSIDE Lease $42,000 43,774 Avg GREY 6G A Yes
12/15/11 DFW Lease $40,500 41,201 Avg BLACK 6G 6 Yes
Best response. Dealers are like any other business and require a profit to succeed. They are never going to take on a used car with any risk of being underwater. They know the number they need if they have to dump it at auction and will stay under that number as part of the acquisition process.
Old 01-04-2012, 09:51 PM
  #33  
sandwedge
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Originally Posted by Mumbles
Not to be rude but I think this is a pointless question to ask.
When I purchased my 2 yr old 911s my only concern is what they will accept for the car, not what they have in the car, you'll never know the truth ( why would they tell you ?
)
Dealing in purchases with your hard earned...leave your morals at home.

Its a buisness, they're there to make money, with or without you.
I agree. Do your due diligence and if the price and the car both seem right, who cares how much money the dealer has in the car? Every trade is surrounded by different circumstances so trying to pin down the dealer's number is a useless exercise.
Old 01-05-2012, 11:31 AM
  #34  
66mustang
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Originally Posted by CAA
In our area, Metro DC, 997's are marked up at least $5k and sometimes up to $9k. How do I know? Auction results. That's all they offer on trades as well. Here are the latest results for '08 Carrera 2's:

12/01/11 RIVRSIDE Lease $43,000 39,400 Avg SILVER 6G A Yes
12/01/11 RIVRSIDE Lease $40,500 42,822 Avg WHITE 6G 6 Yes
12/06/11 RIVRSIDE Lease $42,000 38,530 Avg GREY 6G A Yes
12/12/11 DFW Lease $47,500 23,419 Above BLUE 6G O Yes
12/14/11 PALM BCH Regular $51,000 11,269 Above BLUE 6G A Yes
12/15/11 RIVRSIDE Lease $42,000 43,774 Avg GREY 6G A Yes
12/15/11 DFW Lease $40,500 41,201 Avg BLACK 6G 6 Yes

Please remember there are buy fees and transportation added to this as well.

A typical used car dealer markups up about $2000, a higher end probably is closer to $5000. I was at a Lamborghini dealership and they said they markup at least $20,000
Old 01-05-2012, 12:32 PM
  #35  
CAA
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Originally Posted by 66mustang
Please remember there are buy fees and transportation added to this as well.

A typical used car dealer markups up about $2000, a higher end probably is closer to $5000. I was at a Lamborghini dealership and they said they markup at least $20,000
That's correct - last I recall auction fee is around $500 and transport can add up to another $500.
Old 01-08-2012, 02:14 PM
  #36  
fast1
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Originally Posted by Mumbles
Not to be rude but I think this is a pointless question to ask.
When I purchased my 2 yr old 911s my only concern is what they will accept for the car, not what they have in the car, you'll never know the truth ( why would they tell you ?
)
Dealing in purchases with your hard earned...leave your morals at home.

Its a buisness, they're there to make money, with or without you.
The poster probably asked the question to get some idea how much haggle room the Dealer had, and as a rule of thumb it's significant. Since Porsches aren't sold in high volume, I'm certain that they will try to get somewhere in the 20 - 25% profit margin range.

The longer the car sits on the lot, the better chance you'll have of getting a significant discount. Also, no matter how much you like the car, always convey an air of indifferance to the salesman. If he thinks that you just have to have the car, he'll more than likely be willing to play the waiting game with you, knowing that sooner or later you'll pay what he's asking.
Old 01-08-2012, 08:08 PM
  #37  
Mumbles
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Agreed, but if its within your budget & the car you've been lookin for......dont wait too long.
Old 01-12-2012, 07:39 PM
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It's all relative. The dealer is going to get what the market will bear regardless of what he has in it.

If you PM me the vin number I can try to pull it up and see if he is listing it on OVE (dealer only site) that will give me an idea what he has in it.

Your best bet is to always negotiate up form his cost rather than down form their asking price.
Old 01-12-2012, 11:33 PM
  #39  
mgordon18
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PM sent.



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