Quote:
Originally Posted by XM_Rocks
This is very rare.
Occasionally this might be true if the dealership buyer hits a home run but that is normally not the case.
My first job out of college was selling used cars at a Lexus dealer.
I can tell you that most used cars in the $30k-$45k range had about $2k-$3.5k in profits.
I made 20% so my average commision was ~$500-$600 a car.
That is if we were able to inflate their perceived value by certifying them.
My E90 I bought last year I bought from a dealer however I was dealing with the buyer through Craigslist prior to her trading in.
I was out of town on business for two weeks and she couldn't hold off.
She told me they gave her $15,000.
Funny the dealer was honest and showed me what they gave her and what they spent.
They put two rear tires on, oil change and a detail.... so they put ~$600 into the car. They listed the car for $17,900 and I was able to get them down to $16,600.
So their profit was around $1k.
I kicked myself on the timing but knew the car was, accident free, cared for and it passed a PPI with flying colors.
|
XM Rocks,
http://www.e90post.com/forums/showthread.php?t=957595
I just stumbled upon this thread and thought it might be useful. My last car, the dealer wanted to give me $39000 for my 2010. He had a
2009 on the lot for $49000.
Hard to pin down exact numbers.
Semper Fi