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SVTPerformance's Chain of Restaurants
Road Side Pub
Used GT500 dealer/ private prices are outrageous
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<blockquote data-quote="Sick03Vert" data-source="post: 13554834" data-attributes="member: 127357"><p>^This. Supply and demand really dictate prices at a dealership. We get cars in all the time that we wind up selling for $8k - $10k over what we paid to get them...as with anything else, the car is worth what someone will pay. In the case of a GT500, the dealer doesn't mind the car being on the lot to bring in traffic, so they are not going to be willing to take a loss...and will probably hold their price at $3k or so over what they paid. </p><p></p><p></p><p></p><p>^This as well. Dealerships use auction values on trade-ins. </p><p></p><p></p><p></p><p>That's typical. Banks like to use NADA values because the less money they have to lend, the better. The difference in pricing has to be made up in your cash downpayment. </p><p></p><p></p><p></p><p>The reason you paid less than KBB value is because KBB values are ridiculously inflated. </p><p></p><p>You are correct, however, in saying dealers make more on used cars. </p><p></p><p>The biggest issue here, as was the same issue on the same car in another thread not long ago, is that you are looking at what would be considered a specialty vehicle. People can argue back and forth all day about whether or not a GT500 is considered limited production or not, but the fact is dealerships WILL charge a premium for used Shelbys. </p><p></p><p>I will reiterate what I said in the other thread as well...if you don't want to pay the premium price, then look at another car that isn't such a head turner. How many people are just like you and would buy that used GT500 if the price was a little cheaper? The dealer is just holding out to make that little extra profit, and they will. </p><p></p><p>Good luck.</p></blockquote><p></p>
[QUOTE="Sick03Vert, post: 13554834, member: 127357"] ^This. Supply and demand really dictate prices at a dealership. We get cars in all the time that we wind up selling for $8k - $10k over what we paid to get them...as with anything else, the car is worth what someone will pay. In the case of a GT500, the dealer doesn't mind the car being on the lot to bring in traffic, so they are not going to be willing to take a loss...and will probably hold their price at $3k or so over what they paid. ^This as well. Dealerships use auction values on trade-ins. That's typical. Banks like to use NADA values because the less money they have to lend, the better. The difference in pricing has to be made up in your cash downpayment. The reason you paid less than KBB value is because KBB values are ridiculously inflated. You are correct, however, in saying dealers make more on used cars. The biggest issue here, as was the same issue on the same car in another thread not long ago, is that you are looking at what would be considered a specialty vehicle. People can argue back and forth all day about whether or not a GT500 is considered limited production or not, but the fact is dealerships WILL charge a premium for used Shelbys. I will reiterate what I said in the other thread as well...if you don't want to pay the premium price, then look at another car that isn't such a head turner. How many people are just like you and would buy that used GT500 if the price was a little cheaper? The dealer is just holding out to make that little extra profit, and they will. Good luck. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Used GT500 dealer/ private prices are outrageous
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