Took 01 CL-S on Trade Today
06-21-2009, 09:52 PM
#4
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I think he works as a salesperson and one of his customers traded in there cls for 1800 towards a new mb or any used car they had on there lot!
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That's what I think too but that customer is a dumbass for allowing a trade in value that low. 
06-22-2009, 05:40 AM
#12
Friend of mine just let an 06 Mazda 6 4cyl 5spd go to the stealership for $3000. I was just car shopping for the wife and seeing these things fetching $15,000+. Amazing how blind people can be when they want something else so bad...
What's with the Benz craze anymore? With the exception of the AMG and 500+ models, they're really not much to write home about for the money, and the value retention even on the majority of THEM is awful. I was passively shopping and found an 06 CLS-AMG a couple weeks ago for $39,000. That was an $80,000 car a couple years ago...
Mercedes should be split into two companies: The C-class, E-class,GLK,SLK,and M-class become the new Chrysler, and then the remaining upper-echelon make up the new MB. Always loved picking on those 230s in my CIVICS!
What's with the Benz craze anymore? With the exception of the AMG and 500+ models, they're really not much to write home about for the money, and the value retention even on the majority of THEM is awful. I was passively shopping and found an 06 CLS-AMG a couple weeks ago for $39,000. That was an $80,000 car a couple years ago...
Mercedes should be split into two companies: The C-class, E-class,GLK,SLK,and M-class become the new Chrysler, and then the remaining upper-echelon make up the new MB. Always loved picking on those 230s in my CIVICS!
06-22-2009, 11:52 AM
#13
G.uns O.n D.emand
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whats the point of trading in the car for $1800...fuck that shit...guy must have been a moron...i would just keep it till it died...i know it has high miles but come on now!!! Kid in my neighborhood offered me $12,000 for my 01 cl-s with 61,000 miles...i paid $11,000 2 yrs ago...
06-22-2009, 01:02 PM
#14
Whats up with RDX owners?
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06-22-2009, 01:32 PM
#15
I ♡ PEK PEK
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Should've tried selling it on Craigslist first. Trade In value on any car sucks!
My parents wanted to trade in their 2 cars, I offered to list it on CL for them:
'02 Ford Explorer Sport Trac 36K miles Dealer offered $4K Sold on CL for $8K
'05 Ford Escape Ltd 21K miles Dealer offered $7K, sold on CL for $12K
They went back to the dealer and paid for their car in cash......
My parents wanted to trade in their 2 cars, I offered to list it on CL for them:
'02 Ford Explorer Sport Trac 36K miles Dealer offered $4K Sold on CL for $8K
'05 Ford Escape Ltd 21K miles Dealer offered $7K, sold on CL for $12K
They went back to the dealer and paid for their car in cash......
06-22-2009, 02:09 PM
#16
My only car is a Bus
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The dealership for which I work paid the guy $1,800. No way I'd buy an A/T CL-S that's out of warranty. I didn't do this guy's deal. Some white guy in his 50s bought a CLK convertible.
Because the CLK has been discontinued he got a pretty nice deal on it so I don't think he's crying too much. Someone here was thinking of buying that CL-S but the tranny problems kept him away from it.
Anyway this is the first Acura CL we've taken in on trade since I've been here and I thought you might be interested to see a real world trade-in price. Car is clean overall... a little hazing on the headlights but that's about it along with some curb rash on the wheels.
Yeah the C230s are pretty weak but if you come up against a C43, C32, C55 or god help you a C63 you'll be seeing their tail lights.
The new E350 coupe which launches today is pretty sweet but you're talking 50k to start. Some impressive technology on it though.
Because the CLK has been discontinued he got a pretty nice deal on it so I don't think he's crying too much. Someone here was thinking of buying that CL-S but the tranny problems kept him away from it.
Anyway this is the first Acura CL we've taken in on trade since I've been here and I thought you might be interested to see a real world trade-in price. Car is clean overall... a little hazing on the headlights but that's about it along with some curb rash on the wheels.
Yeah the C230s are pretty weak but if you come up against a C43, C32, C55 or god help you a C63 you'll be seeing their tail lights.
The new E350 coupe which launches today is pretty sweet but you're talking 50k to start. Some impressive technology on it though.
Last edited by CL6; 06-22-2009 at 02:13 PM.
06-22-2009, 02:20 PM
#18
My only car is a Bus
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It wasn't my customer and curb stoning can get you fired if you're caught. Plus the dealership will probably keep this car and try to sell it. Just because they paid $1,800.00 for it doesn't mean I could get it for that much. Everybody's got to make their profit.
But I appreciate getting judged regardless.
But I appreciate getting judged regardless.
06-22-2009, 02:21 PM
#19
Whats up with RDX owners?
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Back in Nov a Honda dealer offered me $7k for the CL with 70k at the time. They only took $5k off the price of the S2000 I was looking at, so I walked away.
Most dealers will lower the price of the car and give you a low amount for the trade to recoup some money. It makes the deal better looking because you say to yourself "Well that brand new xxxx is $8k off MSRP" even though they are giving $6k less then what your trade is worth (or what they plan to sell it at), so you are only getting the car for $2k off.
Bad deal for the "old white guy in his 50s" IMHO.
Most dealers will lower the price of the car and give you a low amount for the trade to recoup some money. It makes the deal better looking because you say to yourself "Well that brand new xxxx is $8k off MSRP" even though they are giving $6k less then what your trade is worth (or what they plan to sell it at), so you are only getting the car for $2k off.
Bad deal for the "old white guy in his 50s" IMHO.
06-22-2009, 02:34 PM
#21
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It wasn't my customer and curb stoning can get you fired if you're caught. Plus the dealership will probably keep this car and try to sell it. Just because they paid $1,800.00 for it doesn't mean I could get it for that much. Everybody's got to make their profit.
But I appreciate getting judged regardless.
But I appreciate getting judged regardless.
06-22-2009, 02:47 PM
#22
Whats up with RDX owners?
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06-22-2009, 03:00 PM
#23
TellinItLikeItIsSince1/06
yeah um Acura CL's are really not worth anything and its hard to realize when we own them (i say that based on the low resale value in relation to the many things our cars have to offer)! I had to find this out the hard way when I had mine for sale for over 2 years. went from asking $13000 to $7500 and still couldn't sell!
im keeping this thing for 3 more years then its gone because i do have a 3 year warranty on my tranny, and i know i wont get much for it when i finally sell, so why keep it? in 3 years, i will have had it for 6.5 years, so I got my money's worth!! and i cant keep letting it get more and more worthless. just sucks b/c i keep it in pristine condition, bought top parts for it too...why couldnt they have designed the tranny correctly?!?!? /rant.
im keeping this thing for 3 more years then its gone because i do have a 3 year warranty on my tranny, and i know i wont get much for it when i finally sell, so why keep it? in 3 years, i will have had it for 6.5 years, so I got my money's worth!! and i cant keep letting it get more and more worthless. just sucks b/c i keep it in pristine condition, bought top parts for it too...why couldnt they have designed the tranny correctly?!?!? /rant.
06-22-2009, 03:01 PM
#24
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But you gotta remember the dealer has to pay for electric / water / the staff and us so if u can sella car privately for 10k we will give u 6k for it ..
The minimum MY dlr wants to make on the deal is 3k..maybee 2k but that rock bottom.. Some people that have Money dont want to bother with putting there car on Craigslist and have scummy people calling and driving there car "there was a guy in the midwest years ago that was selling a lancer and the people came to look at it and killed him over a mitsubishi..
So some people time is worth more then they will save selling it on there own!
06-22-2009, 03:03 PM
#25
G.uns O.n D.emand
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honestly that is how much i love this car...that i really don't want to sell it...however i told the kid that i would sell it...i told him deal... He's prob full of shit though because a month later i'm still driving my cl...i love the car but $12k is alot to turn down...we'll see...if i do sell i'm going for the big dog cl...04 benz cl 500 amg...i can pick on up with low miles for $23k
06-22-2009, 03:33 PM
#26
Suzuka Master
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It wasn't my customer and curb stoning can get you fired if you're caught. Plus the dealership will probably keep this car and try to sell it. Just because they paid $1,800.00 for it doesn't mean I could get it for that much. Everybody's got to make their profit.
But I appreciate getting judged regardless.
But I appreciate getting judged regardless.
06-22-2009, 03:40 PM
#27
My only car is a Bus
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Yea I got that... sorry for the confusion.
Hey if people want to play the trade-in game with me I'm more than happy to make a go of it. I sell cars every day they're not going to outsmart me.
Hey if people want to play the trade-in game with me I'm more than happy to make a go of it. I sell cars every day they're not going to outsmart me.
06-22-2009, 04:35 PM
#28
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That's what I'm saying, I have 120 K on my CL and they offered my about 1500 trade in at the Nissan dealership where I was looking at 350 Z's. I'll either sell it myself or drive it until the wheels fall off for $1500
06-24-2009, 12:15 AM
#29
06-24-2009, 07:30 AM
#30
My biggest hangup with car dealerships is the games they run. "Outsmart?" There is no outsmarting if you're doing someone a fair deal.
Example:
Here is what I'm allowed to give you for your car - I'm not skimping you $1500 off what my boss will let my pay you because that money goes straight into my pocket - it's really what I can offer you for the car.
Here is the price on the new vehicle you want to purchase. It's my best price. The manufacturer builds in $250 per vehicle on this price that pays me for the sale, and $500 that goes to the dealership for selling the car, plus a $150 incentive to sell this before it's a month on the lot. I'm getting paid, I'm not marking it up any beyond the bottom dollar.
Why is somoene entitled to my money because there isn't a clearly defined price on the item? Same people taking your cash won't shop anywhere but Wal-Mart because they have the best prices. Whole thing just pisses me off when I think about it...
Example:
Here is what I'm allowed to give you for your car - I'm not skimping you $1500 off what my boss will let my pay you because that money goes straight into my pocket - it's really what I can offer you for the car.
Here is the price on the new vehicle you want to purchase. It's my best price. The manufacturer builds in $250 per vehicle on this price that pays me for the sale, and $500 that goes to the dealership for selling the car, plus a $150 incentive to sell this before it's a month on the lot. I'm getting paid, I'm not marking it up any beyond the bottom dollar.
Why is somoene entitled to my money because there isn't a clearly defined price on the item? Same people taking your cash won't shop anywhere but Wal-Mart because they have the best prices. Whole thing just pisses me off when I think about it...
+2
06-24-2009, 08:11 PM
#32
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Yea, "outsmart." Don't play dumb and act like customers don't work sales people for numbers then say "I need to think about it" then go and shop you against 10 other dealers only to buy the car someplace else for $50 less after using up 2 hours of my time.
In my mind, paying MSRP is a "fair" deal. If you think paying $1,000 below invoice is a "fair" deal that only shows the "fair" deal exists in the customer's mind.
People can play the Consumer Report bring the trade in at the end game all they want... fact is I know when I'm being worked and won't play along.
And yes, I sell plenty of cars and make plenty of money doing it (that means making a "profit" in a capitalistic society).
I wish the price of the car was the price of the car but unfortunately, it isn't.
In my mind, paying MSRP is a "fair" deal. If you think paying $1,000 below invoice is a "fair" deal that only shows the "fair" deal exists in the customer's mind.
People can play the Consumer Report bring the trade in at the end game all they want... fact is I know when I'm being worked and won't play along.
And yes, I sell plenty of cars and make plenty of money doing it (that means making a "profit" in a capitalistic society).
I wish the price of the car was the price of the car but unfortunately, it isn't.
My biggest hangup with car dealerships is the games they run. "Outsmart?" There is no outsmarting if you're doing someone a fair deal.
Example:
Here is what I'm allowed to give you for your car - I'm not skimping you $1500 off what my boss will let my pay you because that money goes straight into my pocket - it's really what I can offer you for the car.
Here is the price on the new vehicle you want to purchase. It's my best price. The manufacturer builds in $250 per vehicle on this price that pays me for the sale, and $500 that goes to the dealership for selling the car, plus a $150 incentive to sell this before it's a month on the lot. I'm getting paid, I'm not marking it up any beyond the bottom dollar.
Why is somoene entitled to my money because there isn't a clearly defined price on the item? Same people taking your cash won't shop anywhere but Wal-Mart because they have the best prices. Whole thing just pisses me off when I think about it...
Example:
Here is what I'm allowed to give you for your car - I'm not skimping you $1500 off what my boss will let my pay you because that money goes straight into my pocket - it's really what I can offer you for the car.
Here is the price on the new vehicle you want to purchase. It's my best price. The manufacturer builds in $250 per vehicle on this price that pays me for the sale, and $500 that goes to the dealership for selling the car, plus a $150 incentive to sell this before it's a month on the lot. I'm getting paid, I'm not marking it up any beyond the bottom dollar.
Why is somoene entitled to my money because there isn't a clearly defined price on the item? Same people taking your cash won't shop anywhere but Wal-Mart because they have the best prices. Whole thing just pisses me off when I think about it...
06-25-2009, 03:14 AM
#33
Trolling Canuckistan
It wasn't my customer and curb stoning can get you fired if you're caught. Plus the dealership will probably keep this car and try to sell it. Just because they paid $1,800.00 for it doesn't mean I could get it for that much. Everybody's got to make their profit.
But I appreciate getting judged regardless.
But I appreciate getting judged regardless.
My biggest hangup with car dealerships is the games they run. "Outsmart?" There is no outsmarting if you're doing someone a fair deal.
Example:
Here is what I'm allowed to give you for your car - I'm not skimping you $1500 off what my boss will let my pay you because that money goes straight into my pocket - it's really what I can offer you for the car.
Here is the price on the new vehicle you want to purchase. It's my best price. The manufacturer builds in $250 per vehicle on this price that pays me for the sale, and $500 that goes to the dealership for selling the car, plus a $150 incentive to sell this before it's a month on the lot. I'm getting paid, I'm not marking it up any beyond the bottom dollar.
Why is somoene entitled to my money because there isn't a clearly defined price on the item? Same people taking your cash won't shop anywhere but Wal-Mart because they have the best prices. Whole thing just pisses me off when I think about it...
Example:
Here is what I'm allowed to give you for your car - I'm not skimping you $1500 off what my boss will let my pay you because that money goes straight into my pocket - it's really what I can offer you for the car.
Here is the price on the new vehicle you want to purchase. It's my best price. The manufacturer builds in $250 per vehicle on this price that pays me for the sale, and $500 that goes to the dealership for selling the car, plus a $150 incentive to sell this before it's a month on the lot. I'm getting paid, I'm not marking it up any beyond the bottom dollar.
Why is somoene entitled to my money because there isn't a clearly defined price on the item? Same people taking your cash won't shop anywhere but Wal-Mart because they have the best prices. Whole thing just pisses me off when I think about it...
1)If a salesman holds $1500 on a trade number, the $1500 does not go in their pocket.
2)The manufacturer does not build $250 into the car to pay the salesman or $150 to sell the car by the end of the month. There is a thing called "holdback" that is built in for the dealer but the people who actually get that money are the people who put up the 15 million dollars to open the dealership.
3)There is a clearly defined price on the item, it's called MSRP. That stands for the manufacturers suggested retail price. That is the price the manufacturer says you should sell the product for. They put it on the window sticker. Why is it that you'll pay the MSRP for everything else you buy but have a problem with it when it comes to cars?
06-25-2009, 06:32 AM
#34
I'd expect the insults from the teenage crowd on the forums, but then I saw the Boston references in your location and I'll excuse the ignorance.
Do you Understand how the dealership works? They have to put product on the floor to sell, but they don't want to front cash for the product in their posession. The perfect business model is always to have it sold before you ever pay for it. This concept is normally referred to as "flooring" and the clock starts ticking for the dealership once the car carrier drops them on the lot. With some manufacturers, the clock runs out for them at 30 days, 60 days, 90 days, etc. before the dealership has to make good on that first payment for the merchandise. It's in the interest of the dealership to move inventory quickly for this reason. Every time period interval beyond their "flooring" time, the profit margin shrinks.
A manufacturer designed "cut" of the sale often referred to as "holdback" is built into the MSRP. Check out that acronymn while you're at it: Manufacturer SUGGESTED Retail Price. It's not final. It's not solid. It's "Come talk to me and we'll work something out" written right into the number you're referring to as "the price".
Normally this holdback is a few perecent of the total, but sufficient per the manufacturers standards to provide profit to the retail front. The dealership might reseve $50, $100, of this amount per sale to the salesman, plus a percentage of the total profit.
Frequently, the buck doesn't stop at MSRP. The dealership takes over; window etchings, undercoating, locking lugnuts, spoilers, floor mats, splash guards, vanity items - all installed after delivery with 100% markup if not more.
You decide to buy. Great! Now the dealer will get you with the documentation fee, processing fee, loan application fee, and in some cases will even get kickbacks of flat rates or points from certain lenders.
Let's setup an example:
Dealership sells a vehicle for $20,000 - the MSRP of the vehicle, plus $1400 in dealer installed options.
In this MSRP, there is 3.5% built in for the dealership: $700
The dealer installed options are sold at 100% markup (conservative): $700
The dealer charges $200 in document fees for title, taxes, etc. There is some labor involved, so we'll call profit: $150
The dealer sells the extended manufacturer warranty for $1500, pocketing a $50 bonus.
The dealer secures financing with a lender, kickback: $50
The dealer takes an 01 Acura CL in trade, good condition - $1800. They turn around and sell the car for $5000. Cut to the dealer: $3000 after inspections, cleanup, detailing, etc.
The Dealership makes: $700 + $700 + $150 + $50 + $50 = $1650 on the new sale
The Dealership makes: $3000 on the used sale
Total Dealership cut on a $20,000 vehicle purchase = $4650 (23% profit margin)
Now, not that my wife is a finance manager or anything....or that I know anything about this sort of business....tell me that I'm inaccurate with anything I've mentioned, or if I'm off base with any numbers. Figure whatever changes into the equation you wish, and then after whatever changes you would make and then argue this point with me:
Giving someone $1800 for a car you're going to sell for a minimum of $5000 is ripping them off.
Do you Understand how the dealership works? They have to put product on the floor to sell, but they don't want to front cash for the product in their posession. The perfect business model is always to have it sold before you ever pay for it. This concept is normally referred to as "flooring" and the clock starts ticking for the dealership once the car carrier drops them on the lot. With some manufacturers, the clock runs out for them at 30 days, 60 days, 90 days, etc. before the dealership has to make good on that first payment for the merchandise. It's in the interest of the dealership to move inventory quickly for this reason. Every time period interval beyond their "flooring" time, the profit margin shrinks.
A manufacturer designed "cut" of the sale often referred to as "holdback" is built into the MSRP. Check out that acronymn while you're at it: Manufacturer SUGGESTED Retail Price. It's not final. It's not solid. It's "Come talk to me and we'll work something out" written right into the number you're referring to as "the price".
Normally this holdback is a few perecent of the total, but sufficient per the manufacturers standards to provide profit to the retail front. The dealership might reseve $50, $100, of this amount per sale to the salesman, plus a percentage of the total profit.
Frequently, the buck doesn't stop at MSRP. The dealership takes over; window etchings, undercoating, locking lugnuts, spoilers, floor mats, splash guards, vanity items - all installed after delivery with 100% markup if not more.
You decide to buy. Great! Now the dealer will get you with the documentation fee, processing fee, loan application fee, and in some cases will even get kickbacks of flat rates or points from certain lenders.
Let's setup an example:
Dealership sells a vehicle for $20,000 - the MSRP of the vehicle, plus $1400 in dealer installed options.
In this MSRP, there is 3.5% built in for the dealership: $700
The dealer installed options are sold at 100% markup (conservative): $700
The dealer charges $200 in document fees for title, taxes, etc. There is some labor involved, so we'll call profit: $150
The dealer sells the extended manufacturer warranty for $1500, pocketing a $50 bonus.
The dealer secures financing with a lender, kickback: $50
The dealer takes an 01 Acura CL in trade, good condition - $1800. They turn around and sell the car for $5000. Cut to the dealer: $3000 after inspections, cleanup, detailing, etc.
The Dealership makes: $700 + $700 + $150 + $50 + $50 = $1650 on the new sale
The Dealership makes: $3000 on the used sale
Total Dealership cut on a $20,000 vehicle purchase = $4650 (23% profit margin)
Now, not that my wife is a finance manager or anything....or that I know anything about this sort of business....tell me that I'm inaccurate with anything I've mentioned, or if I'm off base with any numbers. Figure whatever changes into the equation you wish, and then after whatever changes you would make and then argue this point with me:
Giving someone $1800 for a car you're going to sell for a minimum of $5000 is ripping them off.
06-25-2009, 10:37 AM
#36
Whats up with RDX owners?
iTrader: (9)
Wow.
06-25-2009, 06:13 PM
#37
Trolling Canuckistan
I'd expect the insults from the teenage crowd on the forums, but then I saw the Boston references in your location and I'll excuse the ignorance.
Do you Understand how the dealership works? They have to put product on the floor to sell, but they don't want to front cash for the product in their posession. The perfect business model is always to have it sold before you ever pay for it. This concept is normally referred to as "flooring" and the clock starts ticking for the dealership once the car carrier drops them on the lot. With some manufacturers, the clock runs out for them at 30 days, 60 days, 90 days, etc. before the dealership has to make good on that first payment for the merchandise. It's in the interest of the dealership to move inventory quickly for this reason. Every time period interval beyond their "flooring" time, the profit margin shrinks.
A manufacturer designed "cut" of the sale often referred to as "holdback" is built into the MSRP. Check out that acronymn while you're at it: Manufacturer SUGGESTED Retail Price. It's not final. It's not solid. It's "Come talk to me and we'll work something out" written right into the number you're referring to as "the price".
Normally this holdback is a few perecent of the total, but sufficient per the manufacturers standards to provide profit to the retail front. The dealership might reseve $50, $100, of this amount per sale to the salesman, plus a percentage of the total profit.
Frequently, the buck doesn't stop at MSRP. The dealership takes over; window etchings, undercoating, locking lugnuts, spoilers, floor mats, splash guards, vanity items - all installed after delivery with 100% markup if not more.
You decide to buy. Great! Now the dealer will get you with the documentation fee, processing fee, loan application fee, and in some cases will even get kickbacks of flat rates or points from certain lenders.
Let's setup an example:
Dealership sells a vehicle for $20,000 - the MSRP of the vehicle, plus $1400 in dealer installed options.
In this MSRP, there is 3.5% built in for the dealership: $700
The dealer installed options are sold at 100% markup (conservative): $700
The dealer charges $200 in document fees for title, taxes, etc. There is some labor involved, so we'll call profit: $150
The dealer sells the extended manufacturer warranty for $1500, pocketing a $50 bonus.
The dealer secures financing with a lender, kickback: $50
The dealer takes an 01 Acura CL in trade, good condition - $1800. They turn around and sell the car for $5000. Cut to the dealer: $3000 after inspections, cleanup, detailing, etc.
The Dealership makes: $700 + $700 + $150 + $50 + $50 = $1650 on the new sale
The Dealership makes: $3000 on the used sale
Total Dealership cut on a $20,000 vehicle purchase = $4650 (23% profit margin)
Now, not that my wife is a finance manager or anything....or that I know anything about this sort of business....tell me that I'm inaccurate with anything I've mentioned, or if I'm off base with any numbers. Figure whatever changes into the equation you wish, and then after whatever changes you would make and then argue this point with me:
Giving someone $1800 for a car you're going to sell for a minimum of $5000 is ripping them off.
Do you Understand how the dealership works? They have to put product on the floor to sell, but they don't want to front cash for the product in their posession. The perfect business model is always to have it sold before you ever pay for it. This concept is normally referred to as "flooring" and the clock starts ticking for the dealership once the car carrier drops them on the lot. With some manufacturers, the clock runs out for them at 30 days, 60 days, 90 days, etc. before the dealership has to make good on that first payment for the merchandise. It's in the interest of the dealership to move inventory quickly for this reason. Every time period interval beyond their "flooring" time, the profit margin shrinks.
A manufacturer designed "cut" of the sale often referred to as "holdback" is built into the MSRP. Check out that acronymn while you're at it: Manufacturer SUGGESTED Retail Price. It's not final. It's not solid. It's "Come talk to me and we'll work something out" written right into the number you're referring to as "the price".
Normally this holdback is a few perecent of the total, but sufficient per the manufacturers standards to provide profit to the retail front. The dealership might reseve $50, $100, of this amount per sale to the salesman, plus a percentage of the total profit.
Frequently, the buck doesn't stop at MSRP. The dealership takes over; window etchings, undercoating, locking lugnuts, spoilers, floor mats, splash guards, vanity items - all installed after delivery with 100% markup if not more.
You decide to buy. Great! Now the dealer will get you with the documentation fee, processing fee, loan application fee, and in some cases will even get kickbacks of flat rates or points from certain lenders.
Let's setup an example:
Dealership sells a vehicle for $20,000 - the MSRP of the vehicle, plus $1400 in dealer installed options.
In this MSRP, there is 3.5% built in for the dealership: $700
The dealer installed options are sold at 100% markup (conservative): $700
The dealer charges $200 in document fees for title, taxes, etc. There is some labor involved, so we'll call profit: $150
The dealer sells the extended manufacturer warranty for $1500, pocketing a $50 bonus.
The dealer secures financing with a lender, kickback: $50
The dealer takes an 01 Acura CL in trade, good condition - $1800. They turn around and sell the car for $5000. Cut to the dealer: $3000 after inspections, cleanup, detailing, etc.
The Dealership makes: $700 + $700 + $150 + $50 + $50 = $1650 on the new sale
The Dealership makes: $3000 on the used sale
Total Dealership cut on a $20,000 vehicle purchase = $4650 (23% profit margin)
Now, not that my wife is a finance manager or anything....or that I know anything about this sort of business....tell me that I'm inaccurate with anything I've mentioned, or if I'm off base with any numbers. Figure whatever changes into the equation you wish, and then after whatever changes you would make and then argue this point with me:
Giving someone $1800 for a car you're going to sell for a minimum of $5000 is ripping them off.
As for MSRP when I was selling Porsches, yeah it was the suggested price, If the market actually supported a higher price that's what we'd sell it for.
06-25-2009, 07:02 PM
#38
wow... so when i bought my car he still had money after painting the front and back bumpers... re-doing the driver's side door cause of a MASSIVE dent, new fron pads and $500 off... DAMNIT... and here I thought i was the winner... OH well... I got as much as I could.
Car is a friggin beautty.
Car is a friggin beautty.
06-25-2009, 07:11 PM
#39
My only car is a Bus
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Yea so back to the topic. Turns out this CL has never had the tranny replaced by an Acura store, and shifting from park to reverse produces a loud thump. Oh and I got the mileage wrong... it's 161k not 120k.