Bill
Mesa,#2UPDATE EX-employee responds
Thu, June 24, 2004
It is amazing about the number of people who are scared of car salesman. I see it everyday and I can understand why. You have Consumer reports telling you how to buy a car and those salesmen are sneaky. When you think about it, it is the consumer who is lying and trying to be sneaky. When it comes to ripping people off, come on. The markup in a car is between 8% and 15%, ask consumer reports they will tell you. What is wrong with a little profit. Look at Wal-Mart who still beats everyone's prices has over 100% mark-up. Now you ask, well 10% markup on a $40,000 car is $4,000 and that is a lot of money. A dealership hardly ever sells a car at full retail with all of the info available to the public. You don't see this from Wal-Mart. But you do see carts full of goods and food with 100% markup. One other thing about Wal-Mart. There are three owners of Wal-Mart who are in the top 10 richest people in the world. They all have a sum of 16.5 BILLON DOLLARS a piece. You will not see on person on that list or even close who is in the car business. My other examples are Homes. When you go buy a new home from any one of the builders in the valley does anyone decide to negotiate, no. They take the price that the builder is asking and deal with the idea that the home raises in price on a weekly basis. Here is how much a homebuilder is making off of YOU. Are you ready, 15%-20% yes that is right and you can't talk them down. Now on a $200,000 - $300,000 home, well you do the math. Then they want you to go through their financing and will make a couple of interest points on you. Again figure out how much interest there is on a $200,000 home at a 1% rate increase. All I am getting at is that there are other companies in this great country that everyone does not think they are getting ripped of on but are and just don't know it, furniture, electronics, repair work, shoes and appliances. Everyone is making up over 100%. Cars are not and you can negotiate with the dealer. I hope I see a few rebudles and opinions and maybe open a few eyes.