Classic cars forum & vehicle restoration.
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ukdave2002
Joined: 23 Nov 2007
Posts: 4268
Location: South Cheshire
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 Posted: Wed Nov 19, 2025 12:23 pm Post subject: |
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| Ray White wrote: | So that's a 50% mark up. What have they done to deserve it? Nothing but chance their hand.
Of course most people would not buy a car at auction unless it was simply as an investment but this is not in that market.
Has the dealer pulled it off...only time will tell . |
| Rootes75 wrote: | | I know people have to make a living but I just don't agree with this. I also note that the dealer after adding their mark up then claims the car is a bargain. |
Of his 50% mark up, 20% will go to the VAT man, so his maximum profit will be £1500, he has bought the car with zero warranty, has to sell it with some sort of warranty, has to transport it to his premises, cover all the running cost of a dealership, will probably be negotiated down, so at best is going to make a few hundred quid, with the risk that it may sit in his dealership for months or worse have to sell at a loss!
Thats a lot to do for a few hundred! |
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Ray White
Joined: 02 Dec 2014
Posts: 7219
Location: Derby
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| Posted: Wed Nov 19, 2025 12:29 pm Post subject: |
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| ukdave2002 wrote: |
Of his 50% mark up, 20% will go to the VAT man, so his maximum profit will be ?1500, he has bought the car with zero warranty, has to sell it with some sort of warranty, has to transport it to his premises, cover all the running cost of a dealership, will probably be negotiated down, so at best is going to make a few hundred quid, with the risk that it may sit in his dealership for months or worse have to sell at a loss!
Thats a lot to do for a few hundred! |
,,,my hankie is now quite sodden.  |
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mikeC
Joined: 31 Jul 2009
Posts: 1810
Location: Market Warsop, Nottinghamshire
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| Posted: Thu Nov 20, 2025 8:54 am Post subject: |
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Added to which, you can now give the car a thorough inspection and test drive it, facilities that are unavailable at an auction; you also have some comeback if the car is not accurately described, again not something you have with an auction sale.
We all agreed the ?5000 auction figure looked like a bargain, does the ?7500 dealer price look expensive, or just a reasonable price to bargain against?
_________________
in the garage: 1938 Talbot Ten Airline
Recently departed: 1953 Lancia Appia, 1931 Austin Seven, 1967 Singer Chamois, 1914 Saxon, 1930 Morris Cowley, 1936 BSA Scout, 1958 Lancia Appia coupe, 1922 Star 11.9 ... the list goes on! |
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