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09-22-2007, 06:03 AM
So, what was the commission on top of the auction price then?
As I said, I almost went this route earlier this year. In doing the analysis I took the average Mannheim auction price (+7% which was essentially what the guy would have charged to do the purchase for me) and used it as a mental basis for negotiating with the dealer. I figured that I'd negotiate the best deal I could with 3 dealers, then if it came within the error margin of the auction price + commision, then I'd buy from the dealer - if not, then I'd go with the auction.
In the end, the price I paid through the dealer came out to be less than the Mannheim average price for the car that I wanted (+commision) by around $2K. On top of that I got CPO (I figure that's worth another $1500) and they took my trade-in.
In the final analysis, I got a dealer price that was very close to what I would have paid going the auction route, but didn't have to deal with selling my old car and got a warranty.
- to be honest if the price difference is in that ballpark, then I'd go with the $tealer, as that brings that advantages of taking your car to a place where you bought it and a warranty.
Obviously, everyone's experience will vary and some will fair better than others. In my single experience this year the price difference was a wash.
As I said, I almost went this route earlier this year. In doing the analysis I took the average Mannheim auction price (+7% which was essentially what the guy would have charged to do the purchase for me) and used it as a mental basis for negotiating with the dealer. I figured that I'd negotiate the best deal I could with 3 dealers, then if it came within the error margin of the auction price + commision, then I'd buy from the dealer - if not, then I'd go with the auction.
In the end, the price I paid through the dealer came out to be less than the Mannheim average price for the car that I wanted (+commision) by around $2K. On top of that I got CPO (I figure that's worth another $1500) and they took my trade-in.
In the final analysis, I got a dealer price that was very close to what I would have paid going the auction route, but didn't have to deal with selling my old car and got a warranty.
- to be honest if the price difference is in that ballpark, then I'd go with the $tealer, as that brings that advantages of taking your car to a place where you bought it and a warranty.
Obviously, everyone's experience will vary and some will fair better than others. In my single experience this year the price difference was a wash.
Well 'ard: British Slang. Very Tough. Very Good.
Life is too short to travel in the slow lane.
Life is too short to travel in the slow lane.