roger Posted January 6, 2019 Share Posted January 6, 2019 No worries - looks as though 350s don't appear on the For Sale section very often. Quote Link to comment Share on other sites More sharing options...
HaydnH Posted January 15, 2019 Share Posted January 15, 2019 On 06/01/2019 at 18:00, roger said: No worries - looks as though 350s don't appear on the For Sale section very often. What are you looking for? I'd be tempted to sell mine... for offers above £20k. Quote Link to comment Share on other sites More sharing options...
Nso93 Posted January 15, 2019 Share Posted January 15, 2019 Got my first 350 from Paul at Midwest performance in Dudley didn’t have any problems with car Quote Link to comment Share on other sites More sharing options...
Umster Posted January 15, 2019 Share Posted January 15, 2019 3 hours ago, Nso93 said: Got my first 350 from Paul at Midwest performance in Dudley didn’t have any problems with car I didn't buy from Paul but he was pretty decent to deal with when I went for a viewing, let me get under the hood, car and in the drivers seat for a decent length of time. Midwest also owned a 370Z I went to look at last year. He seems to specialise in the Z's so match your expectations accordingly. Quote Link to comment Share on other sites More sharing options...
roger Posted January 15, 2019 Share Posted January 15, 2019 I've now bought a low mileage (49,000) roadster in Azure blue - a cracking private sale. Thanks. Quote Link to comment Share on other sites More sharing options...
ILUVUNICORNS Posted August 9, 2019 Share Posted August 9, 2019 On 15/01/2019 at 17:07, Umster said: I didn't buy from Paul but he was pretty decent to deal with when I went for a viewing, let me get under the hood, car and in the drivers seat for a decent length of time. Midwest also owned a 370Z I went to look at last year. He seems to specialise in the Z's so match your expectations accordingly. He also buys members cars and then adds £2,000-£3000 to the price tag. To me, that is not justifiable.... Quote Link to comment Share on other sites More sharing options...
ilogikal1 Posted August 9, 2019 Share Posted August 9, 2019 Or that’s just standard industry practice... 1 Quote Link to comment Share on other sites More sharing options...
Umster Posted August 9, 2019 Share Posted August 9, 2019 3 hours ago, ILUVUNICORNS said: He also buys members cars and then adds £2,000-£3000 to the price tag. To me, that is not justifiable.... Well he is VAT registered and is obliged to repair any issues the car has in line with the Consumer Rights Act 2015. He's got overheads and a family to feed. I get your point of view but it's also how business works. Ironically, he gave me a decent cash price for my car, so if I do sell, I can forget the headaches/prank calls/tyre kickers and let him take a cut without me waiting months for a decent buyer to come along. Quote Link to comment Share on other sites More sharing options...
ILUVUNICORNS Posted August 9, 2019 Share Posted August 9, 2019 21 minutes ago, Umster said: Well he is VAT registered and is obliged to repair any issues the car has in line with the Consumer Rights Act 2015. He's got overheads and a family to feed. I get your point of view but it's also how business works. Ironically, he gave me a decent cash price for my car, so if I do sell, I can forget the headaches/prank calls/tyre kickers and let him take a cut without me waiting months for a decent buyer to come along. Totally get that as I run a business but how does he justify uplift? Quote Link to comment Share on other sites More sharing options...
Umster Posted August 9, 2019 Share Posted August 9, 2019 12 minutes ago, ILUVUNICORNS said: Totally get that as I run a business but how does he justify uplift? It's the cost of having to register the business, have an accountant, service the cars, do HPI checks, take them to a garage for work and MOT etc. etc. He's also got fairly good knowledge on the Z33, Z34 and GTR, not something most traders have. Again, not saying it's right but I'm not saying it's wrong. He's also not the type of guy to force a sale and pester you, like Arnold Clark were with me. 1 Quote Link to comment Share on other sites More sharing options...
ilogikal1 Posted August 9, 2019 Share Posted August 9, 2019 28 minutes ago, ILUVUNICORNS said: Totally get that as I run a business but how does he justify uplift? Does your business not charge a markup then? What does your business do? You might just have a new customer if you’re sell at cost. Quote Link to comment Share on other sites More sharing options...
ILUVUNICORNS Posted August 9, 2019 Share Posted August 9, 2019 12 minutes ago, ilogikal1 said: Does your business not charge a markup then? What does your business do? You might just have a new customer if you’re sell at cost. I justify my business by having a niche skill set that corporations and wealthy families require. So I invoice them on that basis or I give them someone who also has a similar background with a margin. So I’ve gone out and spent years mastering my skills and experience. So with a car, how does he justify £2,500 uplift without doing ANYTHING to it? Otherwise I could buy the car, build a website, targeted SEO marketing, invest capital to buy cars and do exactly the same.....but I’m still not justifying the extra cost to the car? Its a seedy industry and thats why people take the Mick out of it..... Quote Link to comment Share on other sites More sharing options...
Ekona Posted August 9, 2019 Share Posted August 9, 2019 I don't think you understand how car sales work tbh. Everyone above you has explained just why there needs to be a markup on cars, but it doesn't seem to be getting through. Don't forget people will haggle on price as well, so that £2,5K could suddenly become £1.5K, which then you need to take running costs out of and then what if it breaks and you need to fix it under warranty... Very quickly that money can turn into a loss if you've been unlucky. If car sales was that easy to make a fortune on, then everyone would be doing it. 1 Quote Link to comment Share on other sites More sharing options...
Mike k-g Posted August 9, 2019 Share Posted August 9, 2019 Bought my NISMO from them with regrets .. Mike K-g Quote Link to comment Share on other sites More sharing options...
ILUVUNICORNS Posted August 9, 2019 Share Posted August 9, 2019 4 hours ago, Ekona said: I don't think you understand how car sales work tbh. Everyone above you has explained just why there needs to be a markup on cars, but it doesn't seem to be getting through. Don't forget people will haggle on price as well, so that £2,5K could suddenly become £1.5K, which then you need to take running costs out of and then what if it breaks and you need to fix it under warranty... Very quickly that money can turn into a loss if you've been unlucky. If car sales was that easy to make a fortune on, then everyone would be doing it. I totally understand your point and the business model but you’re trying to justify a person buying a car from forum members, not touching it at all mechanically and then adding 30% value to it, selling it back to forum members..... Quote Link to comment Share on other sites More sharing options...
davey_83 Posted August 9, 2019 Share Posted August 9, 2019 In all honesty these days cars retailers don't get into haggling as most cars are bought on finance. Back in the days when you could walk in with cash or card and do a deal, car seller would rather you took out finance so they get the kick backs that way. Folks aren't knocking a grand off often these days unless the cars are massively overpriced from the get go which is ILU point. 1 Quote Link to comment Share on other sites More sharing options...
DivadElrac Posted August 9, 2019 Author Share Posted August 9, 2019 (edited) As the original poster of this thread, I'd be the last person to be standing up for Junction 17 Cars (or any other motor dealer), but the idea of adding what initially seems like a large markup (or 'uplift') to a car seems like standard motor trade practice. The fact that they may buy a car from and/or sell it to a forum member is irrelevant. They buy a car and pay the seller, so they are immediately out of pocket, until the car sells, which can sometimes be months, so there is an interest or financing cost. During that period they have to pay showroom or storage costs, salesperson salaries, possibly a service, probably an MOT, maybe tyres, fuel for test drives for potential buyers and tire-kickers alike. I think it's rare for them to not have to do anything to a car. When they sell the car, the buyer may haggle (I certainly did) and not pay the price listed. In addition a trader has to include a warranty which costs them. Then the sales person will receive commission. Whatever amount is left over is their gross profit (or in some cases it might be a loss). This figure is then reduced further by a contribution to the firm's overheads. I believe in many cases a dealer would be happy to make just a few hundred pounds profit on a deal. Sure, in some cases a company might get a quick sale at a high price, but this is probably offset by the cars that sit in the showroom for months, or are bought at a lower price by a well informed buyer. So, a question to ILU ... How would you respond to people who suggested that your fees were too high? You'd probably explain the investment you'd made in your skill set, your other costs, and ultimately maybe reduce your rate, or suggest that they look elsewhere. It's the same with car dealers. They're not evil, but they are businesses that expect to make a profit. Just out of interest, if a dealer bought a car for say £10,000, what do you feel would be a fair selling price for the car, and what would be a fair profit for them, (allowing for the other costs that I and other posters have mentioned)? Edited August 9, 2019 by DivadElrac 1 Quote Link to comment Share on other sites More sharing options...
Ekona Posted August 10, 2019 Share Posted August 10, 2019 10 hours ago, ILUVUNICORNS said: I totally understand your point and the business model but you’re trying to justify a person buying a car from forum members, not touching it at all mechanically and then adding 30% value to it, selling it back to forum members..... No, they’re selling it to everyone. If you think it’s too expensive you don’t buy it, and if you think their offer is too low you don’t sell. I hate to say it, but they’re obviously doing something right. 1 Quote Link to comment Share on other sites More sharing options...
davey_83 Posted August 10, 2019 Share Posted August 10, 2019 On 26/03/2015 at 11:02, Ekona said: And yet, they didn't remotely try to help anyone out with the issues mentioned. No-one needs to bad mouth them, they can do that all by themselves. Evidently so Quote Link to comment Share on other sites More sharing options...
ILUVUNICORNS Posted August 10, 2019 Share Posted August 10, 2019 2 hours ago, Ekona said: But they’re obviously doing something right. Not really. Scammers make millions with various projects. NCP car parks send out letters threatening people to take to court over unpaid fines, even though they have no legal obligation to pay their fines. People pay them through fear but mainly stupidity. Point is, justify your profit. We can agree to disagree. It’s all good. Quote Link to comment Share on other sites More sharing options...
Ekona Posted August 10, 2019 Share Posted August 10, 2019 We’ve already justified their profit on here, you just choose to ignore it. Question then, how much markup do you think they should have? Quote Link to comment Share on other sites More sharing options...
ilogikal1 Posted August 10, 2019 Share Posted August 10, 2019 They shouldn’t, they should just give it all away once they’ve paid all the money to buy stock. To all businesses, justify your capitalism I say!! Oh, expect those with niche skills sets. They can charge what they like because niche skill sets. Apparently. 2 Quote Link to comment Share on other sites More sharing options...
ZMANALEX Posted August 10, 2019 Share Posted August 10, 2019 Hypothetically speaking, if a garage buys a car for 10K then I would expect them to be looking for 10% net return. So the asking price would require to be marked up accordingly to achieve this. Taking into account all the overheads as mentioned above, expenses and taxes, income tax, corporation tax, and VAT etc. Also, a discount to the non P/X buyer or an over allowance on the p/x value would mean that they would require a screen price of circa 13.5k A 10% net return on their investment is not unreasonable in my book. If I sold a car to a dealer for 10k and a week later he had it up for sale at 13.5k on his forecourt, I would not be miffed as I know how the car sales system works. 1 Quote Link to comment Share on other sites More sharing options...
Andy_Muxlow Posted August 10, 2019 Share Posted August 10, 2019 When all is said and done all car dealers have 2 books. Trade value and sale value. Trade is always loads cheaper so there is a profit. I thought everyone knew this? 2 Quote Link to comment Share on other sites More sharing options...
Willsy1980 Posted September 25, 2020 Share Posted September 25, 2020 (edited) Seen a mention of Midwest in this, ive spotted a 370z Nismo they have. Do I make the journey or avoid them ? Im reasonably happy with the pricing of the car, expect to get a bit off when I walk in with cash in hand so to speak. Any horror stories involving them ? Edited September 25, 2020 by Willsy1980 Quote Link to comment Share on other sites More sharing options...
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