Hello Peeps

Sold my Scoob a week past Friday to a Stealer Dealer for £8000. Have a laugh at the ad below form the AutoTrader I did

97(R) SUBARU IMPREZA 2.0 Litre engine,
Red, 66153 miles, ABS Brakes, Alloy Wheels, Central Locking, Driver's Airbag, Power Steering, Immobiliser, Electric Windows, Hi-Line Rear Spoiler, Front Spoiler, Front Foglights, £1000 Min Allowance, Balance Shown. £10990.

Vine Place Sports and Performance

Tel: 01388 721122

Distance: 33 miles
Price: £10,990

They got no hope in hell of getting that price

Cheers

RickyD

 

Should they be a charity then?

That's only a 37% profit margin . It isn't unique to Subaru dealers, at the end of the day they're in business.

quite what value they're adding for their slice of the pie is beyond me tho

 

I agree with the last comment !

Took mine to be valued against a newer Subaru and the trade in offer was very fair against book price and agains the other car.

BUT ! My car has had lots of recent expensive Subaru servicing, tyres, clutch, cambelt etc and with a just a valet they will put on their forecourt at a price comparable with others on the forecourt.

This works out at a profit margin again of 30% !
Assuming they knock a bit off the sticker price for the next buyer, its got to be 25% for nothing.

 

Not quite for nothing, they will repair chips and scratches plus any other minor faults, they will provide a warranty!

I do not have a problem with dealers making a reasonable profit, that is why they are in business !

 

Traded in my old scooby for a sti7 got 10,500 not bad, But it was on the forecort for 13,995 and it was sold in 4 weeks. it was a spot on r plate, O K I valet cars so it should be clean But thats some markup

 

you were obviously satisfied with £8k for it so if they think they can get that for it good luck to them.
A few months back I pxed my MY99 at a dealer for £10k. It is now on their forecourt for £12k. But, - front bumper needed spraying, small dent in the roof, bonnet was chipped to f##k, clutch on last legs. To get the car back to the standard it is now would have cost me at least £1k, probably a lot more so I was quite happy with the deal. Also, these cars are not selling very well at the mo so they are bound to be a bit cautious with trade in values. The dealer has now had my old car in stock for 5 months.

 

they've also got to pay for staff, premises, insurance, tools/equipment etc.

As someone said, as long as you're happy woth the £8k they gave you then why worry.

 

Noone forced you to sell your car to a dealer, and noone forces people to buy from dealers. If that's where you want to send your money then so be it

 

Yes, I was happy in the long run as it only cost me £600 to change cars. Although I do feel that my car was worth at least £1000 more than I got.

At the end of the day it's someone elses problem now, not mine.

Good luck to them also. The guy I sold it to was spot on!!

I don't think Subaru has done there fans any favours with replacing the classic shap with the Fugly Ugly "Big Eye".

Cheers

RickyD

 

Vine place in the North East always seem to sell their cars at very high prices and they are not always low mileage fsh examples as ive tried them my self.

 

£1000 min px, take in an old nail worth nothing, that leaves £2000 profit.
Vat on the difference between buying and selling £525,now down to 1500 profit,
Warranty £300,
Now down to 1200 before any work down on the car,
Did it need a service/Mot/Tyres or any paintwork?
He will probably net £8-900.

Tony

 

Silver Knight,

All the car needed was a re-spray on the bonnet as it had quite a few stone chips. Probably only about £50 to get done by a dealer. The reason I did'nt get it done before I sold it because it was such a genuine car and I didn't want people to get fussy about why the bonnet had been resprayed.

The car had recent tyres and serviced about 3000 miles ago.

Cheers

RickyD

 

Trouble is, someone will pay that price and take out the finance from the dealer as an easy option