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How much is TOO much?

  • 17-07-2014 11:00pm
    #1
    Closed Accounts Posts: 1,163 ✭✭✭


    When looking for a discount from a main dealer how much is too much, to ask for. The car is not the dealers brand, so it secondhand.

    Car is €13k would asking for a discount of €2k be too much?


Comments

  • Moderators, Business & Finance Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 51,690 Mod ✭✭✭✭Stheno


    robertxxx wrote: »
    When looking for a discount from a main dealer how much is too much to ask for. The car is not the dealers brand, so it secondhand.

    Car is €13k would asking for a discount of €2k be too much?

    I would say so, I'd not look for more than 10% tbh

    I'd expect maybe 5%


  • Registered Users, Registered Users 2 Posts: 5,728 ✭✭✭George Dalton


    No harm in asking as long as you do it nicely and don't get the salesman's back up but it's unlikely you will get €2k off IMO.


  • Registered Users, Registered Users 2 Posts: 3,999 ✭✭✭68 lost souls


    It also depends on the actual value of the car. Research the same model on donedeal etc and other dealers if possible and compare the prices being asked there. To be honest you may not be able to get anything off it depending on what trade in the dealer did for it .


  • Registered Users, Registered Users 2 Posts: 4,632 ✭✭✭Aint Eazy Being Cheezy


    Stheno wrote: »
    I would say so, I'd not look for more than 10% tbh

    I'd expect maybe 5%

    100% disagree. You can't say that without knowing the make and model. If it's popular, you might only get a couple of hundred, if it's been sitting there for a month you could get a grand off.


  • Registered Users, Registered Users 2 Posts: 51,360 ✭✭✭✭bazz26


    It depends on how much the car owes the dealer too. If he bought the car in as a trade-in and gave the previous owner a generous trade-in price then he will have less flexibility with the discount on the selling price. €2k is a good starting point for you in the negotiation though but I would expect to drive away it for that much off.


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  • Registered Users, Registered Users 2 Posts: 705 ✭✭✭landmarkjohn


    I bought a car in February, dealer advertised it for €16500, I paid €13500. My car before that was advertised for €10,000 I paid €8,000.

    You need to do the research and try and figure out the real value, which is only ever what someone is willing to pay for it. Make sure the dealer knows you are a genuine buyer, not a messer and that if he agrees a good price you will buy the car.

    If you want get that car for 11k you will have to start at 10k and come up to meet him. Don't be afraid of hurting his feelings, it's your hard earned cash. If you are prepared to pay 12k take your time getting there but be prepared to walk away. It does all depend on how the car is priced in the first place but usually the dealer will have built in a healthy margin which you can have a nibble at. The problem with a big dealership is that you will be dealing with the monkey not the organ grinder and the monkey would have to get permission for such a discount so first you have to get him on side and willing to put the proposition to the organ grinder (Sales Manager) Happy haggling and let us know how you get on.


  • Registered Users, Registered Users 2 Posts: 29,088 ✭✭✭✭_Kaiser_


    All depends on the car, how popular it is, how long it's sitting there, and what the dealer paid for it.

    If you tell us what model/year we are talking about people can probably give a better idea what to expect.


  • Registered Users, Registered Users 2 Posts: 809 ✭✭✭filbert the fox


    _Kaiser_ wrote: »
    All depends on the car, how popular it is, how long it's sitting there, and what the dealer paid for it.

    If you tell us what model/year we are talking about people can probably give a better idea what to expect.

    What does the OP have to lose by offering €2000 below the overinflated advertised price?

    Make the offer, look straight into the salesperson eyes and say nothing. Let them waffle on about the margins, poormouth blah blah and then say that's your final offer.
    Then walk away....
    If it's a good offer the sales rep will be dragging you back with all the paperwork. Otherwise that dream car wasn't for you.

    there'll be another one along in a minute...:D


  • Registered Users, Registered Users 2 Posts: 12,712 ✭✭✭✭R.O.R


    What does the OP have to lose by offering €2000 below the overinflated advertised price?

    Make the offer, look straight into the salesperson eyes and say nothing. Let them waffle on about the margins, poormouth blah blah and then say that's your final offer.
    Then walk away....
    If it's a good offer the sales rep will be dragging you back with all the paperwork. Otherwise that dream car wasn't for you.

    there'll be another one along in a minute...:D

    Some people seem to be under the impression that it's a buyer's market at the moment.......

    If it's well priced and is likely to sell at close to asking, you won't get the time of day from the salesman, and a low ball offer will get his back up. Sure, if he doesn't sell it to the OP
    there'll be another one along in a minute...:D


    As a rule of thumb, a dealer will stick €3,000 ish on top of what it cost, and try to sell it for that. Covers the warranty that's required, refurb costs and profit. If this is roughly what the dealer is working off, there's no hope of getting €2,000 off asking.

    If it's a saleable car, I'd say max €1,000 discount if negotiated well.


  • Registered Users, Registered Users 2 Posts: 29,088 ✭✭✭✭_Kaiser_


    What does the OP have to lose by offering €2000 below the overinflated advertised price?

    Make the offer, look straight into the salesperson eyes and say nothing. Let them waffle on about the margins, poormouth blah blah and then say that's your final offer.
    Then walk away....
    If it's a good offer the sales rep will be dragging you back with all the paperwork. Otherwise that dream car wasn't for you.

    there'll be another one along in a minute...:D

    I just don't see the point in making what could be considered to be a completely unrealistic offer (again depending on the car) and wasting my time as a result - better to have an idea of what that car goes for elsewhere before even opening negotiations.

    I'm not one for "what's for you won't pass you" though - I believe "fate" needs the occasional helping hand/kick :)


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  • Registered Users, Registered Users 2 Posts: 3,291 ✭✭✭naughtysmurf


    robertxxx wrote: »
    Car is €13k would asking for a discount of €2k be too much?

    If it's a straight deal on a 13k car, I think 2k will require tough bargaining, 1500 would be more realistic but as others have said, many factors come into play, do you know how long it's been sitting on the forecourt? If it's been a while, that could help you


  • Moderators, Business & Finance Moderators Posts: 17,856 Mod ✭✭✭✭Henry Ford III


    Any potential discount depends totally on how keenly or otherwise the car is priced.

    So a car worth €10000 but advertised at €13500 might easily get say a €1750 discount, and a sale price of €11750.

    The same car priced more keenly at say €12000 might only get a small discount of €250, giving the same sale proce of €11750.


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