Posted by
Message
FriscoTiger
LSU Fan
Frisco, TX
Member since Aug 2005
1322 posts

New car reasonable discount
What is a reasonable discount off of the MSRP for a 30k car?
15-20% ?


Evolved Simian
Alabama Fan
In a van by the river
Member since Sep 2010
14344 posts

re: New car reasonable discount
quote:

15-20%


Seems pretty high to me, but it really depends on how popular the model is.



Replies (0)
Replies (0)
01
kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
59457 posts
 Online 

re: New car reasonable discount
Domestic 20% plus
Toyota/Honda probably 15%.

This is a car right? Trucks would be higher.


Replies (0)
Replies (0)
11
pioneerbasketball
Arkansas Fan
Team Bunchie
Member since Oct 2005
88153 posts

re: New car reasonable discount
If you have to ask, you can't afford it.


Replies (0)
Replies (0)
03
pioneerbasketball
Arkansas Fan
Team Bunchie
Member since Oct 2005
88153 posts

re: New car reasonable discount
Look into the will cover method when buying a vehicle


Replies (0)
Replies (0)
03
SR SponsorSR Fan
USA
Member since 2001
Thank you for supporting our sponsors
Advertisement
coachcrisp
Alabama Fan
pensacola, fl
Member since Jun 2012
16145 posts
 Online 

re: New car reasonable discount
You ask a complicated question. There as so many ways for dealers of the various makes to build profit margins within each vehicle line, PLUS there are many factory-to-dealer incentives during certain times of the year and on certain models. Watch for the additional "price sticker" for dealer add-ons and "prep fees".
Finally, if you've got a trade-in, it's a whole new ball game!......did I mention factory-to-dealer model change allowances?
A tip from a guy who was in the business for 30 years:
Go get an NADA hand book that gives the retail/wholesale prices for all the makes and models plus fgt charges. 1) find the car you want 2) Use the factory sticker to add up all the options, base price and fgt. from a wholesale basis (put dealer installed options to the side for now) 3) Use google to find if there are any special incentives on your particular model at this time, THEN, 5) if you have a trade-in, get a "black book"price( you can take your car to many dealers and they'll give you a price that they'll buy the vehicle for...I'd do a min of 3 dealers..and you'll get an idea)
Finally, the dealer added "options" are where the dealers REALLY run the margin of profit up, usually so they can show the customer a larger discount(don't blame the dealers for this, because the manufacturers and unions forced them to have to go this route). There is no rule-of -thumb for these profit margins so you're on your own here with negotiations(tell'em to take the options or get you one without the options added )
This is about all the help I can give you at this point. I sold my dealership and have been out of the business for nearly 20 years, so I'm sure a few thing have changed.
If all else fails, there are car-buying services, or maybe you know someone who's been management at a dealership for a while and has a good business head.
GOOD LUCK!


Arksulli
Arkansas Fan
Fayetteville
Member since Aug 2014
15168 posts

re: New car reasonable discount
quote:

You ask a complicated question.


And you gave a great detailed answer to it. Nice job Coach.


coachcrisp
Alabama Fan
pensacola, fl
Member since Jun 2012
16145 posts
 Online 

re: New car reasonable discount


Hell, I drive an old clunker now with 150,000 mile on it (never invest in a depreciating asset if you can help it!), but my wife and daughter drive pretty nice cars, so when it's time for me to get them a new one, I go have a good time doing it!


Replies (0)
Replies (0)
20
AllDawg
Georgia Fan
Evans GA
Member since Jan 2014
1041 posts

re: New car reasonable discount
Go to autotrader.com and search for the exact vehicle you want within a 250 mile radius. Use the best price to either negotiate with the local dealer or actually get the vehicle from the dealer advertising it. Be advised the dealer with the lowest priced car usually comes back at you with a sales sheet that ignores their ad. It’s a pain but if you are patient you can save a few thousand dollars.


LouisvilleKat
Kentucky Fan
Member since Oct 2016
5525 posts

re: New car reasonable discount
Also be sure to check the car manufacturers website for any special offers. Its uncommon but less honest dealerships may pocket your rebate and not tell the customer.

There are websites like Truecar that are supposed to tell you what others paid in your area although I'm not sure I trust them.


Replies (0)
Replies (0)
00
first pageprev pagePage 1 of 1next pagelast page
refresh

Back to top

logoFollow SECRant for SEC Football News
Follow us on Twitter and Facebook to get the latest updates on SEC Football and Recruiting.

FacebookTwitter