Used car dealers mark up

kkelly77 · 16-02-2014 9:38pm #1

I'm going to be selling a car on behalf of a family friend who recently lost her husband to cancer.

I was wondering does anyone know what approximate mark up used car dealers work by? I understand there is no exact figure but even a ball park figure would be of great help. I'd like to get the best price possible as the vehicle has incredibly low mileage. Thanks for your help.

Edit: 2008 Opel Astra 1.4. Mileage only 29,700km. NCT is up 04/14 but it will be put through again prior to sale if required.

colm_mcm · 16-02-2014 9:40pm

Do you mean how much would a dealer give you?

If the car isn't that new it should be easy to sell privately.

rwg · 16-02-2014 9:42pm

what kind of car is it?

blindside88 · 16-02-2014 9:42pm

It's really a "how long is a piece of string" question, some dealers will put very little mark up and sell a large number of vehicles, others will put very big mark up on vehicles. Maybe if you put up the make model and year someone here will be able to give you a good idea on price

kkelly77 · 16-02-2014 9:46pm

OP edited with car details.

bazz26 · 16-02-2014 9:47pm

If you want to get the best price possible for it then sell it yourself. A dealer will want to buy it well below it's market value in order to turn it around for resale and make a profit.

biko · 16-02-2014 9:50pm

Look on adverts/donedeal/carzone etc for how much they sell for.
Then ask a dealer.
Then sell privately.

kkelly77 · 16-02-2014 9:51pm

bazz26 wrote: »

If you want to get the best price possible for it then sell it yourself. A dealer will want to buy it well below it's market value in order to turn it around for resale and make a profit.

That's what I was thinking and why I wanted to know their margins. If I got the right offer, it might make sense to let it go to a dealer. To get it sold quickly for no other reason.

sawdoubters · 16-02-2014 9:53pm

50 to 60%

does she have a car,if she does not drive it would be better getting her lessons

look at prices of donedeals

kkelly77 · 16-02-2014 9:57pm

She does drive a '05 Clio.

She was talking about trading both cars for a 2011 Corsa but nothing definite. She's kind of all over the place at this time as you would expect.

biko · 16-02-2014 9:58pm

Dealers will only have one thing in mind, getting the car as cheap as possible. Their profit depends on how low they can push you.

CiniO · 16-02-2014 10:03pm

Generally very low mileage won't miraculously make car worth much more.
It might add a small bit to average price for that year, but that's about it.

Cleveland Hot Pocket · 16-02-2014 10:06pm

sawdoubters wrote: »

50 to 60%

does she have a car,if she does not drive it would be better getting her lessons

look at prices of donedeals

That not right

rwg · 16-02-2014 10:17pm

Cleveland Hot Pocket wrote: »

That not right

not far off - have often seen dealers offer half of what a car is actually worth

bazz26 · 16-02-2014 10:18pm

OP, you have to remember that a dealer will have to buy it a price where he has to anticipate fixing minor problems, service it, valet it, stick a warranty on it and make a profit.

Trading in two cars against one is also a bad idea, trade-in values of both cars will be undervalued as garages are in the business of shifting cars rather than taking in more. I would look at selling at least one of them privately.

Used car dealers mark up

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