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The Search Is On

Discussion in '360/430' started by oblioh27, Apr 8, 2014.

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  1. oblioh27

    oblioh27 Rookie

    Mar 22, 2004
    25
    #1 oblioh27, Apr 8, 2014
    I have begun to look for a 2005-2006 F430 Berlinetta (having previously owned a 1989 328GTB, and a 1995 F355 Berlinetta, I am thus infected with "The Disease", which is incurable I gather).

    Living in Southern California, I am finding many, many cars for sale. Many of those in the custody of dealers. Asking prices are somewhat consistent among those dealers.

    What I am trying to determine is what sort of mark-up these dealers have added to the price they paid for the car.

    If a car is listed for $120K, did the dealer pay $105K for the car? $95K?

    I am the sort of buyer who does a lot of research before a purchase, so I like to know the parameters of "both sides" of the deal.

    Does anyone have any cogent thoughts on this as I set the cat among the pigeons?
     
  2. Kevin Rev'n

    Kevin Rev'n Two Time F1 World Champ
    Owner Silver Subscribed

    Nov 29, 2009
    24,509
    Honolulu
    Full Name:
    Kevin
    #2 Kevin Rev'n, Apr 8, 2014
    Use cars.com and sort for your desired car. There is a lot of data out there unless you want a gated manual. If that's your next car you will have to pay whatever they are asking and be quick about it before it's gone.
     
  3. oblioh27

    oblioh27 Rookie

    Mar 22, 2004
    25
    #3 oblioh27, Apr 8, 2014
    Great advice. Autotrader.com is a good source too.

    Basically, what is information on dealer margins/markups?
     
  4. Stevely

    Stevely Formula Junior

    Jul 21, 2011
    634
    LA, CA
    #4 Stevely, Apr 8, 2014
    From my experience with my F430 and Scud about a year ago, it was about $10-15k minimum for an authorized dealer, and $7-10k minimum for a nonauthorized. Authorized dealers on the East Coast (New England & NY) mark up was $15-20k minimum.

    If you're looking for a deal, you don't have as much room as you think. Regardless of the markup, realistically, the maximum you'll probably get off list is $3-5k given that a dealer has to pay for overhead and make a profit. Experiences will of course vary.

    For example, F of BH offered $117 for my F430 that were being listed around $130-132 on the market. Non authorized offered me up to $123. I sold for around $128 on my own.
     
  5. oblioh27

    oblioh27 Rookie

    Mar 22, 2004
    25
    #5 oblioh27, Apr 8, 2014
    Thanks for sharing your knowledge and experience. I am really looking for the right car and feel best about a deal the more I know what's happening on the other side of the desk.

    In reality, I want both the dealership and me to be happy about the transaction. I tend to have loyalty to those who are professional in their dealing and typically buy more vehicles from them.
     

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