Quote:
Originally Posted by Former USMC
I would be willing to postulate that the 2007/09 has at least $4000 - $5000 profit in it.
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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.