Other BMW Models Talk about all the other BMW models here.

Dealer Mark up on my wifes 2 yr old 116 sport

Thread Tools
 
Search this Thread
 
Old 03-14-2007, 08:53 AM
  #1  
Members
Thread Starter
 
diveleader's Avatar
 
Join Date: Feb 2007
Location: Staffordshire, UK
Posts: 182
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 545i SE Oct 03 (53 plate) 19" Alpina Classic rims
Default

Just chopped my wifes 116i sport (2 yrs old in May 2007, 16k miles) in for a smaller car so my son could use also.

The stealer gives me ?11,300 (that was the highest of three other offers from other traders)

the car needed a service, but everything else was A1, including the tyres.

Its on the dealers web page the very next day for ?14,450.

Not taking into account the cost of an oil service (what's that, approx ?130 ?) They have put a mark up on of 27.8%

No AUC warranty was required, as there is still 14 months on the manufacturers warranty.

I think this will change my view to purchases in future negotiations with other dealers!

Has anyone else any tales of 'sold to the dealer for x, then up for sale at x+y?

(try to list if the car you sold needed any money spending on it prior to selling.)

Let not try to put us off from buying and selling at a loss tho'
Old 03-14-2007, 09:35 AM
  #2  
Senior Members
 
narvselius's Avatar
 
Join Date: Jan 2007
Location: Scania, Scandinavia
Posts: 1,992
Likes: 0
Received 0 Likes on 0 Posts
My Ride: F11 -14
Default

Interesting point. On one hand it's understandable that there must be a premium otherwise the dealer wouldn't be running his business for very long. But on the other hand; what's a reasonable add-on? When I traded my 320i E46 for a 330i E46 the dealer set a 21% premium which I found quite reasonable; after some negotation with a new buyer he'll probably get around 15%.

In less then three weeks I wiill trade in my current E91 325i so I'll let you know how much they will add on on that one...
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
madein
Private Member Classifieds
1
06-06-2015 11:48 AM
buddy
E60 Discussion
0
05-07-2015 03:35 AM
TexaZ3
Complete Car Sales
17
05-06-2015 09:54 AM
andrek
E60 Discussion
3
03-26-2015 08:00 AM
Guest_First Time Buyer
E60, E61 Parts, Accessories and Mods
6
10-09-2003 11:18 PM



Quick Reply: Dealer Mark up on my wifes 2 yr old 116 sport



All times are GMT -8. The time now is 06:58 PM.