Who is off the mark here ? ( p/ex offer )

[TW]Fox;20624756 said:
Might as well just close all the showrooms if its that simple, no need to employ any salesmen or pay overheads ;)
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Where would they get trade cars from if they didn't have retail cars to take then in part ex against :confused:
 
Any half decent dealer can get a return of more than £2k by retailing a mint Cayman which they took in at bottom book. If you took his car for £13k you'd whack it on your forecourt and you'd make good money on it. There is much more than £2k in that car to somebody with an OPC franchise. It's a cheeky first offer I'd imagine to see if Rotty is daft enough to accept it. If he does, they are quids in.

Heck you could probably get more than £2k out of that car if your Dodgy McDodgy flogging from his driveway!
 
Bear in mind it's an auction though, a lot of the cars on the auction make very strong money, i've even seen some go for more than retail book, no idea which lunatics are buying them at those sort of prices :p
 
[TW]Fox;20624813 said:
Any half decent dealer can get a return of more than £2k by retailing a mint Cayman which they took in at bottom book. If you took his car for £13k you'd whack it on your forecourt and you'd make good money on it. There is much more than £2k in that car to somebody with an OPC franchise. It's a cheeky first offer I'd imagine to see if Rotty is daft enough to accept it. If he does, they are quids in.

Heck you could probably get more than £2k out of that car if your Dodgy McDodgy flogging from his driveway!
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That's true, but it's winter and they have small targets for this period.

They'd stand a better chance of hitting budget making a quick cheeky £2k trade than retailing it which would take the car into next year.
 
Wow, £13k is a shocking offer, what an insult.

I despise the way that dealers think that everyone is an idiot. They tell you that options don't add value when you trade in, but charge you extra when buying a second hand car from them. They tell you that silver cars are a bad colour when you trade in, but they tell you that silver is the most demanded colour when you're buying from them.
etc etc....
 
Whoa there, starting with a low offer is sensible business surely rather than an insult. You only have to say no. They're not insulting your mother or something.

It reminds me of these football managers who get very upset when Arsene Wenger steps in and offers them 10p for their star player. No? That's fine, have a nice day.
 
I treat dealers the same way they treat me.

If you know that your car is going to be easier for the dealer to shift because it has something meaningful like leather, or satnav, there is nothing wrong in saying so. They may not agree to your face, but they do want a sale so they wont necessarily walk away.

FWIW, even though it takes more time, securing a private sale then pre-securing finance at a decent rate from a bank so you can approach a dealer as a cash buyer would be my ideal approach if you want to minimise your loss.

£13k seems to low for that car, even at trade rates. £15k-£16k would see them still make a profit imo.
 
Hi there

Fact is an OPC would probably sell Rotty's car for £19,950 and at that price from an OPC it would probably sell quick as its in a easy to move on colour, right spec and good condition.

Them offering 13k is them trying it on, because that means if Rotty bites they've not only made the profit on the car he is buying but will also be making 5-8k on his car as well.

This is why Porsche are a very very profitable company as if they got the car for 13k I pretty much bet they'd sell it on their forecourt for 20k.

Rotty don't take less than 15k on your car, as an OPC could still make an easy 2k on that by auctioning it off and I'd be pushing for 16k in all honesty.

When I had the EVO some of the quotes I got on trade-ins were crazy. They were as follows:-
BMW - 11k
Porsche OPC - 12.5k
Mitsubishi buying back for cash - 15.6k
Webuyanycar - 14k
Audi - 14k
Nissan - 19k


Nissan was the surprise one simply because the price they offered me on a GTR was so good, according to the sales chap (Tony) who seems a pretty decent guy, he was very open about the deal saying the price he was giving me on the GTR was 2k profit for him and he'd give me 19k for mine and they'd sell it on their forecourt for 19-20k. As they had quite a few used GTR's at the time due to everyone trading in for the new model he had a lot of used stock to clear hence the deal for them was supposedly 2k profit plus anything they may have made on my car which would not be much as I think I got 19.2k for mine privately as I'd put a lot of miles on the car.
 
Wouldn't think of taking 13k for it mate, I know perfectly well that privately folks would take my hand off at 16k, I was only being curious, am in no hurry to swap, tbh it is paid off in 10 months so will have some good equity at that point

prob swapping both cars then though, Cayman will be nearing 80k miles so if I get 13k then I will be happy, the TT is a 52 with 100k so prob only manage 3k or so there, will then borrow 25k giving me in the region of 41k to spend, missus only wants something around 8k so rest is mine :)
 
Robbie G said:
Whoa there, starting with a low offer is sensible business surely rather than an insult. You only have to say no. They're not insulting your mother or something.

It reminds me of these football managers who get very upset when Arsene Wenger steps in and offers them 10p for their star player. No? That's fine, have a nice day.
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Exactly.

If they didn't insult you with that offer, then they started too high.
 
Rotty said:
there was no way he was shifting from that
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That can't have been his final offer Rotty! No way in a million years.

Not that it matters now, as the car has gone, but if the sales person would jepodise a sale due to the horrible p/x value, then he's a mug.
 
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