Buying a GT500 for over MSRP

[SpectorV]

We all know that these tanks are going to be much higher than suggested retail due to dealerships wanting to make some money. My question is, if you owned a dealership and recieved a GT500 or two would you sell them for MSRP or stick on 30k to the price to make some money? Keep in mind you see every other dealership adding on to the price and they have people lined up to pick one up (for the most part... whats waiting a couple weeks to make 30 grand right?)

I mean its money directly into your pocket that you dont have to do anything for other than wait for someone rich to walk into your dealership and write a check... would you mark them up? What would you do?

Should ford regulate these types of issues, ford doesnt get anything for it.... its only the dealerships. Dealerships will sell it for any price they can get and they dont give a crap... so if Ford does not regulate it it wont get regulated. If you think ford should be able to control prices with in REASON what would you consider reasonable/unreasonable.

Side note: If you say I would sell them for MSRP you are stupid... why would you turn down 30k if everyone else is also getting such massive profits.

[PureVenom]

I would sell for MSRP. I would not be looking for the quick 30k...but the for down the road 100k from future sales to that person and their family. Prove you are there for the customer and you will have a customer for life. Bend them over the barrel, you have lost them and others for life.

Plus, if you sell for MSRP, when the other GT500's are still sitting on lots collecting dust, you can do dealer trades and sell GTs that aren't even yours to sell adding to your profit because everyone wants to buy from you. Other dealers will start selling for MSRP or trading to other dealers because they will get tired of losing money from the cost of that car sitting on their lot. Yet another reason to sell MSRP...no expenses waiting for it to sell that could quickly eat up that 30k profit you are trying to get.

[PureVenom]

And part 2 of your post...should ford regulate it? Ford should charge the stealerships a fee for markups at least. This should be around a 50% fee for marking up in hopes of driving the desire to markup down. Markups only hurt fords name. They already have their money since the car is paid for by the dealership and out of ford's hands. Once on the lot, it is the dealership that pays fees on the inventory. so, 50% to ford plus the fees for having the inventory will wipe out any markup and end up costing the dealership money.

[SpectorV]

I think selling for a good price is going to net you more return customers, but.... if EVERYONE is selling for that much and you dont does that make good business since? It would take you selling far more cars than any one person will buy in a lifetime to make up 30k profit. Imagine how many cars you would have to sell to pick up that kind of money. If the dealership cleared 2k (final profit aka take home profit which would be VERY high) a car thats still 15 cars.

[PureVenom]

However, you are forgetting that you post on forums that you picked up a GT500 for MSRP or a little under. That goes out to thousands. Not to mention, you tell your buddies, and family members that my dealership worked with you and took care of you. They tell their friends and family. 15 ups from that will not be all that many when hundreds and possibly thousands of people now know about my dealership.

These other dealers still have their merch sitting on their lot. It costs them a few hundred (or more) in taxes and/or fees per month. It sits for months because everyone knows that I am a cool guy and they come to me. You are now stuck sitting on your liability while I am moving 07 GTs, V6s, F150s, etc, because friends and family members have heard that I am customer focused. 15 cars is not a lot in that model. In the end, your dealership is stuck with an over priced liability and you sell/trade it to me for what you paid for it because you need to ditch this money pit you are trying to jack people with. I then make money on a car that was never sitting on my lot costing me money.

Money isn't made in a one time deal. Money is made 4 years from now when you come back and buy another car...and your friends come back...and their friends...etc. 15 cars is a drop in the ocean when you look at the full picture.

EDIT: Look at SVTP and all the posts about the dealerships trying to jack people and telling how much they are trying to jack you for. Word of mouth advertising can make or break you. In their case, anyone that reads they are jacking you will avoid that dealer...and it will cost them more than their 30k hope and dream.

[lowflyn]

If I owned a dealership..I'd buy the first one. And from that point on charge whatever I can to sell it.

[Brent]

I would do the same as Smurfin

[SpectorV]

what if the future was uncertian and you didnt know if you would still be owning the dealership say 10 years down the road... 30 grand is a good bit to say no to.

[PureVenom]

Quote: Originally Posted by SpectorV what if the future was uncertian and you didnt know if you would still be owning the dealership say 10 years down the road... 30 grand is a good bit to say no to.

since the future is uncertain, who says a sucker is going to walk in off the street and take the ass raping you are offering them? that 30k dream may just sit and collect dust and scratches.

quick money will not make you big money.

[timpryor]

i would probably sell it a little over MSRP but a shitload lower than other dealerships


but yes ford should regulate this

[Thomas91169]

i would sell it for shitloads over MSRP.

thats what ford gets for overpricing their cars, and what rich bastards get who have no intention of using the car for what it was designed for anyways.

then id take a few of the normal 05/06's, slap on the C500 kit that makes them look like a shelby should, slap on a nitrous kit(but no bottle/empty bottle) with the "go baby go" shifter and everything that eleanor has, and price it around 50k and call them "Eleanors" and watch as my dealership sells one-off GT500 clones faster than the real thing.

then again i hate the new GT500's and might let them go for almost zero profit to stick it to the man. i know i could make up the margin on overpricing some f00zion or something ghey. maybe overprice some shitty hybrid escape to make up for the buyer thinking theyre saving money on gas mileage.

[PureVenom]

^ Once you get the car from Ford, you have already given "the man" their money. Ford gets paid whether you sell the car or not because your dealership had to buy it from Ford. Selling for no profit would only hurt your bottom line, not Ford's.

This is proven with the fact that the Ford GT is listed as every single one was sold yet there are many still sitting at dealerships waiting for a buyer. It is sold as far as Ford is concerned once it goes to your dealership. Anything after that is your profit margin.

[gasman66]

our division manager is getting one as a company car . We got the dealer invoice when it got purchased . $12,750 on top of MSRP !

[Zim]

We have a ford dealership around here thats selling them at MSRP, hell... one guy's leasing one!

[JROC]

Quote: Originally Posted by Zim We have a ford dealership around here thats selling them at MSRP, hell... one guy's leasing one!

Betcha he want have them on his showroom for very long.

[LostMustang1968]

Another quote: "A fool and his money are soon parted." 500's are now selling at $15,000 over MSRP all day in California. Dealers are starting to be overstocked as the LasVegas Shelby's are hitting the markets as well....

[meteorachick]

Quote: Originally Posted by LostMustang1968 Another quote: "A fool and his money are soon parted." 500's are now selling at $15,000 over MSRP all day in California. Dealers are starting to be overstocked as the LasVegas Shelby's are hitting the markets as well....

las vegas always seems to have the new cars first, last time i was out there everyone drove a really nice car (first time i ever saw 2 roush mustangs sitting at a light in a row)----i was in car heaven out there

[MonteCitan]

Quote: Originally Posted by PureVenom I would sell for MSRP. I would not be looking for the quick 30k...but the for down the road 100k from future sales to that person and their family. Prove you are there for the customer and you will have a customer for life. Bend them over the barrel, you have lost them and others for life. Plus, if you sell for MSRP, when the other GT500's are still sitting on lots collecting dust, you can do dealer trades and sell GTs that aren't even yours to sell adding to your profit because everyone wants to buy from you. Other dealers will start selling for MSRP or trading to other dealers because they will get tired of losing money from the cost of that car sitting on their lot. Yet another reason to sell MSRP...no expenses waiting for it to sell that could quickly eat up that 30k profit you are trying to get.

My thoughts exactly

well put