Buying a used car from a dealer

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I sold a car to a dealer for $3k. They listed for $5500 on their site snd it sold within 2 wks. Not sure what the sales price was, but clearly, they have thousands to work with in negotiating.

Except that they prepped your car for sale, advertised it, stored it, paid someone to show it, processed the sale. None of that was free.

Not the pp you replied to. They have economies of scale and they are advertising it on their own website. They have their own employees prepping it. Let's not kid ourselves, their overhead cost per car is very low. Probably $100.

And the employees that put out the advertising and prepping it and showing it are working for free?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I sold a car to a dealer for $3k. They listed for $5500 on their site snd it sold within 2 wks. Not sure what the sales price was, but clearly, they have thousands to work with in negotiating.

Except that they prepped your car for sale, advertised it, stored it, paid someone to show it, processed the sale. None of that was free.

Not the pp you replied to. They have economies of scale and they are advertising it on their own website. They have their own employees prepping it. Let's not kid ourselves, their overhead cost per car is very low. Probably $100.

And the employees that put out the advertising and prepping it and showing it are working for free?

They don't pay them much, those are probably low level porter employees being paid minimum wage. The website is already owned by the company. You're crazy if you think the overhead cost on getting a used car ready for sale is high. I was being generous saying $100. It could be as low as 40 or 50. Remember that everything they would use to detail it and clean it up they would get very cheaply.

[Anonymous]

I bought a used 2016 Nissan Rogue this summer that was listed for $23,999. Top tech package, full sun roof, leather seats, etc. It was former leased car with only 25k miles. Great condition.

After we came inside to talk, I told them my top out the door price was $23k. Of course the salesman said oohhhh no we can't do that, that's way too low, it's a great car and we just got it in, can you come up at all? After a few rounds of negotiation, I got out the door for $24k. So the "price" of the car ended up being about $21k. I don't know think it was an excellent deal, but I was happy with that price. It was a great car and would have sold in a few days (I'd watched that same type of car leave lots in about a week all spring).

My tips would be don't get too attached and don't be afraid to just say, "Well sounds like we won't be able to reach a deal then, great to work with you!" and get up and start to leave. If you're paying cash, don't tell them that until you've actually agreed on the final price.

Also helps to bring an antsy toddler who is crying by the end

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I sold a car to a dealer for $3k. They listed for $5500 on their site snd it sold within 2 wks. Not sure what the sales price was, but clearly, they have thousands to work with in negotiating.

Except that they prepped your car for sale, advertised it, stored it, paid someone to show it, processed the sale. None of that was free.

Not the pp you replied to. They have economies of scale and they are advertising it on their own website. They have their own employees prepping it. Let's not kid ourselves, their overhead cost per car is very low. Probably $100.

And the employees that put out the advertising and prepping it and showing it are working for free?

They don't pay them much, those are probably low level porter employees being paid minimum wage. The website is already owned by the company. You're crazy if you think the overhead cost on getting a used car ready for sale is high. I was being generous saying $100. It could be as low as 40 or 50. Remember that everything they would use to detail it and clean it up they would get very cheaply.

You are just just ignoring that a dealer has overhead costs to cover that must come from each sale. If I eat $1 worth of spaghetti at a restaurant, it does not mean the rest of the cost is profit.