Quote:
Originally Posted by Redfrog
Might want to check your math. $2500 profit is not a 25% markup on $7500.
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Yes you're right, i was basing it on a 10000 selling price, minus 7500 cost for 2500 profit.
Even at 32. whatever percent markup, doesn't mean you can offer 50% off the asking and expect it to be a fair offer. Even if the dealer has a 50% markup, they still require to make a profit.
The important thing i'm trying to illustrate is to focus on is fair market value, don't focus on percentages as there is no rhyme or reason to how much a vehicle will ultimately cost the business.
Cheers