Car salesmen

I am not a car salesman (but my sister married one!), lets look at how "they " might justify the extra $6,500. As a rough rule of thumb there is a $1,500 allowanvce for warranty, $1,500 to $2,000 for haggleing/jacking the trade in value and $2,500 to $3,000 margin. From that margin comes the salesmans commission $500 to $1,000 depending on the yard. Then overheads for the yard say $500 per vehicle per month. Doesn't leave too much for "clear" profit does it.

Moral here is never pay sticker price, always haggle, and if you can, sell your trade in privately.

Cheers

Buggerlux

I don't want to sound like I am sticking up for the car salesman, but he didn't give you $6500 for your Terrano, you accepted $6500.

If you weren't happy with it, you should not have accepted it, and thats the truth of the matter. You knew he was going to sell it for more that he paid you, and if $13,000 is the going rate for a Terrano through a car yard, then a bit of homework through Redbook or something similiar, should indicate what you could realistically expect when trading it in, assuming you did not wholesale it to him, because if you wholesaled it, then the value will realistically be less than if trading.

A bit of homework could have resulted in more $$$.

I don't want to sound like I am sticking up for the car salesman, but he didn't give you $6500 for your Terrano, you accepted $6500.

If you weren't happy with it, you should not have accepted it, and thats the truth of the matter. You knew he was going to sell it for more that he paid you, and if $13,000 is the going rate for a Terrano through a car yard, then a bit of homework through Redbook or something similiar, should indicate what you could realistically expect when trading it in, assuming you did not wholesale it to him, because if you wholesaled it, then the value will realistically be less than if trading.

A bit of homework could have resulted in more $$$.

I don't want to sound like I am sticking up for the car salesman, but he didn't give you $6500 for your Terrano, you accepted $6500.

If you weren't happy with it, you should not have accepted it, and thats the truth of the matter. You knew he was going to sell it for more that he paid you, and if $13,000 is the going rate for a Terrano through a car yard, then a bit of homework through Redbook or something similiar, should indicate what you could realistically expect when trading it in, assuming you did not wholesale it to him, because if you wholesaled it, then the value will realistically be less than if trading.

A bit of homework could have resulted in more $$$.

They only suck you in if you let them, you should of done your homework.

$6500 is a lot of money to throw away just because you don't have the time or couldn't be botherd !

The up side is you will most probebly want to take more time & effort when pricing your next car from another car yard.

Yeah look I agree . . . you got sucked in . . . should have got around to "bothering".

I really gets my blood pumping when I hear people wing and wine haw they got ripped , Do you think the car yard pays 100 k a year rent , employes 10 or more staff , just for you to get a great deal . They are wheelers and dealers of there trade . If you cant be bothered to advitise your own car , sit at home and wait for the phone to ring , and then they 'might" turn up . Then you will accept what is given to you by wholesalers and yard . It wasnt the yard that gave you a bad deal . it was your laziness . Now the yard is selling a car with a warranty also guarranted title , but hey so what , im special , should get that for freeCraigs hut 2003

Car salemen are like vacuum cleaner salesmen.......all have to make a living. I agree with most of the others...you should not have accepted it if you didnt like what was offered....silly you...just like me the otherday.

8/8/2003 i bought some shares for $1.25 and by 4/9 they had hit a high of $1.91 only to drop to $1.40 on the 19/9. I got out on the 19/9 at $1.42 and they kept dropping for a couple of extra days to $1.35....hell was i lucky to get out of there when i did!!! and make the profit i did.

%$#&*%$ stockbrokers they up up to $1.68 today !!!!!!!!GTP was the asx code
It was a good deal at the time and i accepted to Sell at what was being offered the Buyer. If only I had done my Homework!!!! Wow! am I cute
If yer ain't fishing, Yer ain't livin
Richard

I got a silly price quoted for my Discovery, but left it at home for a couple of months while I put up with the idiots who just came for the drive, and got within a couple of grand of what I had wanted.
It was frustrating but worth it.
And the original salesman accused me of being unprincipled for supposedly shopping his price around for a the vehicle I had been interested in. I got a better deal from a country dealer on a new vehicle, better than trade price for my Disco., so am quite satisfied.
Patience is a virtue ............ but hard when you've got tyre kickers around!

Just goes to show - two borne everyday, one accepts $6,500 for something worth $13,000, and one will pay $13,000 for something worth $6,500.

Yep, the others are right.

It's nobodies fault but your own that you got ripped off. Why did you accept $6500 for a car wirth maybe $13000? 'Cause you didn't want to sell it privately.

That's not the dealer's fault - it's yours.

...maybe next time you will take the time to sell your car for what it's worth and save yourself thousands.

Don't blame the dealer because you were lazy :-)

Well - i got wwell and truly chastised didn't I? I knew that I could get a lot more privately - and I accept that car yards have to make a profit - yarda-yarda - blah-blah - but they just talk sh----t - talk your car down and theirs up - ok I could have kept and sold privately MAYBE - hard to do it all when you both work full time, and weekends are better spent travelling than sitting waiting for someone to turn up or taking phone calls - much rather be on the road than that - - I knew when I went to the yard what would happen - my brother is a car salesman and I wouldn't buy anything off him - only believe half of what he tells me about anything - - it is just the crap they carry on with as if they are doing you a favour - and there is ALWAYS something major wrong with your car and absolutely nothing wrong with theirs.
Sorry if I offended anyone with my original post - but isn't that what this forum is for - voice your opinion on related subjects? - and don't tell me I am the only one who has done just what I did - that's why there are so many car yards around - how many have bought their vehicles privately?

have traded in my last car for the exact reason i new what they gave me was crap and i new what theyd try to sell it for but i needed the quick sale. The only difference is that i didnt have a whinge about it cause i was prepared for all that crap you said they go on with.

I guess this proves what I always thought, "IT IS NOT ANY FEMALES" that get taken advantage of by car saleman."They treat me badly because I am a women". They treat badly anyone who will let them.
Let the buy (or in this case the seller) beware.

regardsThis 4WD stuff is addictive,
time consuming & expensive.

Jules,they are all the wiser because its a fair bet that all the people that replied to your post have already been bitten before by car yards also.
Free tip - spend months not days preparing to buy a new vehicle and sell your old.
Look in as many papers/trader mags as possible so you know what is reasonable buy/sell price.
Dont get caught up in the mentality" that if I dont buy this one Ill never get another chance again".
Remember that salesman do this hundreds of times a year while you only do it once every 5 years.Your playing at their game.