Asking dealer to reveal their purchase price for a used M3

jonbig12 · 09-29-2012, 04:01 PM

Agreed. Knowing the dealer's "cost" shouldn't really make a difference in what you are willing to pay. Who knows, maybe they paid $45k and are selling it to you for $45,500, but they netted $7k out of the sale of the new car that trade was involved in.

surlynkid · 09-29-2012, 05:14 PM

It's useless data if it was a trade-in. They inflate the car price and the trade-in price or deflate them both to get the net they want. It is all a game in used cars. Most profit can be made on used cars because of this. You won't ever know what they have in it.

Ckingsley · 09-29-2012, 06:18 PM

Hello everyone... Its pretty simple... as I read a thread earlier theres a few scenarios... just because i over payed for a care doesnt mean that you should pay 2k more to make up for my mistake... just the same if im fortunate enough to buy a preowned car at a great price why do I (the dealer) have to sell it to you at that price.... im sure many of you have bought homes in the past 10 years, and when the market was good no one was saying ohh I only payed 300k for this I CAN NOT sell this to you for 600K. Absolutely not you went ahead and made the profit... why is it not fair for a dealer to make a fair profit.

M3PO · 10-03-2012, 01:15 PM

I asked a dealer to show me their cost on a used car once and they agreed. I paid a lot less than they got it for.

8_is_enough · 10-03-2012, 01:27 PM

sounds like you have no real business sense.

M Pulse · 10-03-2012, 03:55 PM

Quote:

Originally Posted by 8_is_enough

sounds like you have no real business sense.

The OP (fongpi) has been starting a lot of stupid threads lately... time to ban him.

Here is an example of another stupid thread he started a few days ago:

Is it true that a new M3 is actually cheaper than a used one?
http://www.m3post.com/forums/showthread.php?t=750543

beanns · 10-03-2012, 04:38 PM

I'd never tell my customers how much I paid for a product they just purchased. I'm a business man. If I show them my cost then I'm just man with not business.

m3an · 10-03-2012, 04:40 PM

Quote:

Originally Posted by M3PO

I asked a dealer to show me their cost on a used car once and they agreed. I paid a lot less than they got it for.

yes, that makes sense, selling at a loss to make you, the customer, feel good..

M3PO · 10-04-2012, 02:02 PM

Quote:

Originally Posted by m3an

yes, that makes sense, selling at a loss to make you, the customer, feel good..

It wasn't BS. Sometimes dealer's take a loss on cars. They just wanted to move the car, they had it for something like 90 days.

edit: I saw their inventory sheet with my own eyes. Awful lot of effort to fake that.

09-29-2012, 04:01 PM	#23
jonbig12 New Member 0 Rep 13 Posts Drives: 09 370z Join Date: Jul 2012 Location: Denver, CO iTrader: (0)	Agreed. Knowing the dealer's "cost" shouldn't really make a difference in what you are willing to pay. Who knows, maybe they paid $45k and are selling it to you for $45,500, but they netted $7k out of the sale of the new car that trade was involved in.
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09-29-2012, 05:14 PM	#24
surlynkid Major 115 Rep 1,470 Posts Drives: 2013 E92 M3 Join Date: Apr 2012 Location: League City, TX iTrader: (1) Garage List 2010 Porsche GT3 [0.00] 1988 Toyota 4Runner [0.00] 1995 Toyota T-100 4x4 [0.00] 2013 BMW M3 [0.00]	It's useless data if it was a trade-in. They inflate the car price and the trade-in price or deflate them both to get the net they want. It is all a game in used cars. Most profit can be made on used cars because of this. You won't ever know what they have in it. __________________ Stoptech 380mm/355mm \| PFC08 / Pagid RS-29 \| Akrapovic EVO - CF tips \| Benvo Tune \| MS UDP \| AA air filter \| MCS 2-way with 700/1000lb springs \| Solid bushings and adjustable links \| RD front swaybar \| Apex EC-7 18x10 square 275/35-18 NT01 \| Turner Race Studs \| GT4 Brake Cooling \| GT4 Power Steering Cooling \| Alekshop Oil Cooler \| Performance Steering Wheel \| \| CF Spoiler \| Varis System 1 Full CF Diffuser \| Extended Paddle Shifters \| Schroth Quick Fit Pro \| Turner Steering Rack Stops \| Vorshlag Camber Plates
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09-29-2012, 06:18 PM	#25
Ckingsley New Member 2 Rep 5 Posts Drives: 335i Join Date: Sep 2012 Location: Phoenix, AZ iTrader: (0)	Dealer Cost Hello everyone... Its pretty simple... as I read a thread earlier theres a few scenarios... just because i over payed for a care doesnt mean that you should pay 2k more to make up for my mistake... just the same if im fortunate enough to buy a preowned car at a great price why do I (the dealer) have to sell it to you at that price.... im sure many of you have bought homes in the past 10 years, and when the market was good no one was saying ohh I only payed 300k for this I CAN NOT sell this to you for 600K. Absolutely not you went ahead and made the profit... why is it not fair for a dealer to make a fair profit.
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10-03-2012, 01:15 PM	#26
M3PO Colonel 84 Rep 2,792 Posts Drives: '08 IB E92 Join Date: Sep 2011 Location: OC iTrader: (7)	I asked a dealer to show me their cost on a used car once and they agreed. I paid a lot less than they got it for. __________________ 2008 IB E92 M3\| BBS \| KW \| Arkym \| Platte Forme A.G. \| Active Autowerke \| K&N \| Fabspeed \| Dinan \| Evolve-R
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10-03-2012, 01:27 PM	#27
8_is_enough Captain 197 Rep 985 Posts Drives: 07 GT3, 18 Macan GTS, 22 X540i Join Date: Sep 2010 Location: Danville, CA iTrader: (10)	sounds like you have no real business sense.
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10-03-2012, 04:38 PM	#29
beanns Private 0 Rep 72 Posts Drives: 2008 E90 M3 Join Date: Jun 2011 Location: NNJ iTrader: (0)	I'd never tell my customers how much I paid for a product they just purchased. I'm a business man. If I show them my cost then I'm just man with not business.
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