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If you think the average car dealership has $10k in profit in a used car on anything cheaper than $50k, you are completely and utterly out to lunch. The cars that the poster is looking at buying, Civics and so-forth, a car dealer would be lucky if they had $3k between full asking price and cost.
Let me give you a real world example. We took a 2006 Honda Pilot EX-L on trade and we gave the guy $17k on trade. We then spent $500 inspecting it, detailing, etc. We then put it on sale for $19,995 (total potential profit $2500). We had it for 30 days with no deal, so we took it to the dealer auction and ran it. Surrey Honda bought it for $18,500 (+$400 in auction fees). Out of curiosity, I asked their sales manager who bought it what he expected to retail it for and he said $21,900. They will spend at least $500 to duplicate what we did - inspection and detail, so figure it will stand them around $19,400. They will ask $21,900 and probably be firm on that number or close to it and so their total profit will be around $2000 - $2500. Same amount no matter which dealership sells it.
While there are always variations, you can use 15% as a rough guide. A car dealership is going to aim for 15% between asking price and cost and if it isn't getting at least 10%, I can almost guarantee it's not going to be in business for the long haul.
Mark
K probably made myself look like a fool i guess in that price range yea, but every dealer is a bit different. Thats how it works most of the time where I work (every car differs for sure though), Im probably not allowed to release any price information but lets say its happened before.
Say you have a 20k budget. Buy a 10-12k good used car. Use the rest for repairs. 10-12k will get you something way better than most 20k cars on the market.
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Get a Subaru. For Vancouver roads that are wet 80% of the time AWD is the only way to go if you want any kind of performance. Just my opinion... but even a non turbo AWD Subaru will perform way better than a civic SI when the road is wet. Then there's snow and standing water. Even in the summer it will grip better.
maybe save a couple more months and buy the car without your parents help? honestly, im so glad i didn't rely on my parents because i almost had to buy an altima coupe/ accord coupe because it was what they wanted....oh and it was going to be automatic as well. i just told myself to stop everything and not ask them for their help and got the car that I wanted. also, in the end i ended up saving so much more money because a new altima, accord would have costed me around 30-35k whereas the car i have right now only costed me 17k.
ask yourself what YOU want in a car, be it power, handling, cargo, seats etc etc. know what YOU want because in the end, you will be the one paying for it and every time your payment comes in the mail you are going to hate your car more and more if it wasn't the one you wanted.
^^ I got my first car with my parents help and because they paid for most of it it was a car they wanted me to have - an automatic civic sedan and the only say I had was the color lol.
Get a Subaru. For Vancouver roads that are wet 80% of the time AWD is the only way to go if you want any kind of performance. Just my opinion... but even a non turbo AWD Subaru will perform way better than a civic SI when the road is wet. Then there's snow and standing water. Even in the summer it will grip better.
Even though subaru are 4wd, most of them come with summer tires, so traction spend a little more to get all seasons
hmmm i am thinking of switching to coupes and sedans now. only wanted a sedan so people can access it easier in the back but now i am like only shotgun seat is going to fold not drivers
As for the OP, with a budget like that don't go new. Got a '10 civic auto for $23k out the door, for that much I could've gotten a 07' Lexus ES350, big step up? For used you save on the first big chunk of depreciation, some might still even have warranty. Just look for a reputable dealer, tbh for used I'd probably stick with some new car dealers.
maybe save a couple more months and buy the car without your parents help? honestly, im so glad i didn't rely on my parents because i almost had to buy an altima coupe/ accord coupe because it was what they wanted....oh and it was going to be automatic as well. i just told myself to stop everything and not ask them for their help and got the car that I wanted. also, in the end i ended up saving so much more money because a new altima, accord would have costed me around 30-35k whereas the car i have right now only costed me 17k.
ask yourself what YOU want in a car, be it power, handling, cargo, seats etc etc. know what YOU want because in the end, you will be the one paying for it and every time your payment comes in the mail you are going to hate your car more and more if it wasn't the one you wanted.
This makes so much sense it's not even funny. Take your time with the car buying, it can be fun and educational. And get what you want. If you think you want to do tuning and modifying look at getting an older car that has lost more of it's value. Then you have money to do some nice rims, intake, exhaust, coil-overs etc. If you show your parents that you are willing to wait they will be impressed and more likely to help. I'm not a Honda guy so I don't know... but you could take an 04-05 RSX and make it look really nice with some rims, nice SUMMER tires and some good suspension. Maybe get an air splitter and wing if you think you want to go to the track.
OP, your posts are too vague. From what I have read, your parents want you to buy a new car in the $15K range and they are willing to give you $5000 as down payment.
Is this correct?
Who is going to pay for insurance and who is paying for gas?
You have now changed your criteria to include coupes as well as sedans. What do you plan on doing with your car? Just a DD car or do you plan on any mods? ICE or rice mods?
How old are you willing to go with the car?
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix
Quote:
Originally Posted by tofu1413
and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all.
OP, your posts are too vague. From what I have read, your parents want you to buy a new car in the $15K range and they are willing to give you $5000 as down payment.
Is this correct?
Who is going to pay for insurance and who is paying for gas?
You have now changed your criteria to include coupes as well as sedans. What do you plan on doing with your car? Just a DD car or do you plan on any mods? ICE or rice mods?
How old are you willing to go with the car?
yes, all is true. I am paying the rest which i can do. No mods/rice other than lights because some cars i can not see if its too dark. Hmm willing to go around 2007/08 - above.
not too many decent options you can find under 15k for 07+ cars. most will still be entry level cars like base civics. a 07 + tl will still be close to 20.
and to santofu, are you gona finance the whole amount of the car or what? cuz used car interest rate is at least 5%. + extra fees and tax on top if you buy from a dealer
buy the car you want at a low price on the used market rather than buying a car your parents want because they want to control and curtail your fun factor. if you want to mitigate the break down exposure do one of the high km services at your next interval ie. replace the timing belt and water bump early.
I like buying 2-3 year old cars, something coming off lease.
You avoid taking a beating on new car depreciation.
Yes there is only a certain sweet period where your car runs sort of good and cost next to nothing in depreciation such that you forgot you own it.
It's that feeling you want bro.
Yet what I think is, if you have a 90s Japanese bubble period car, your car is so overbuilt its sweet period is now more than anything else.... like a 93 Camry Avalon SC300 Accord 626s etc somehow just last for-effing-ever.
__________________ ⇐ If I bothered replying, that's the face I made while I typed.
yes, all is true. I am paying the rest which i can do. No mods/rice other than lights because some cars i can not see if its too dark. Hmm willing to go around 2007/08 - above.
Have you even checked around to see what type of car you can get for $15k that is 07 or newer?
Basically with your budget, you are either looking at a rebuilt or something that is very entry level.
A quick search of CL and I see a basic Mazda 3 that might be from one of those rebuild a wreck type dealer.
Dodge Nitro SXT
Mazda5
Kia Spectra
Dodge Avenger from the same dealer as the Mazda 3
This car might be something worth looking at that is pretty new and might be fun to drive.
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix
Quote:
Originally Posted by tofu1413
and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
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only shotgun seat is going to fold not drivers 
and some good suspension. Maybe get an air splitter and wing if you think you want to go to the track.
