What Did Dealer Pay at Auction?

[robrobrob]

Originally Posted by JONOV

I know...I really don't get it. I don't see what the Gas station paid for the slim jim I bought. I don't know what the laundry detergent cost Target before I bought it.

Or people compare historical prices (like an SUV listing a year old when gas was much more expensive) or the idea that a homebuyer "doesn't want the seller making too much money off me."

Its. Not. About. You.

I think the difference is that most people assume there is a lot of wiggle room with the advertised price of a car.

[wamer27]

Originally Posted by robrobrob

I think the difference is that most people assume there is a lot of wiggle room with the advertised price of a car.

There can be when I know the exact price a dealer paid at Manhiem. I did on my prior car, dealer tried adding $10K onto auction price. The price they were asking was too high to start for similar ones. I got $4k off, but I also learned I should have not purchased it at all. So, them making $2-6k off of me after dropping price/shipping from auction/anything they had to do to it worked for them.

[BeyondtheHorizon]

Originally Posted by JONOV

I know...I really don't get it. I don't see what the Gas station paid for the slim jim I bought. I don't know what the laundry detergent cost Target before I bought it.

.

Those are not comparable. That's large volume big retail with thin margins and very low cost products that wouldn't be worth anyone's time to negotiate over. A car is a huge $$ purchase in comparison. That's why a commissioned salesmen doesn't spend 2 hours selling you a slim jim or a detergent bottle.