yup, and those recond dealers actually get those bad condition cars frm overseas and not the good ones, so they got it even cheaper, and then ship here spend few k to restore to make it look new, then sell for 200k each (for estima), the margin is really high for each car

yeah need connection, first thing u need is those AP, no AP duneed to think to even import them lol, and need connection to find ppl to sell u those AP

This one is true. However, high demand old car such as myvi auto can be sold in just a few days so margin are alot lower.

good information there...

Hence, a lot of us are doing it part time...get auctioned vehicle from Ngchanmau.com , then refurbished it and wait for buyer..

very inspiring conversation this thread.

if no profit no one would want to do this business lol, it's all about maximizing profit and minimizing cost. If they don't aim for that 5k profit margin they can't even survive. You can always cut out the middleman and sell the car yourself, lots of online platform to utilize.

Should consider selling the car yourself if you worry about the money differences between market value and off loading to a dealer.
Dealer has to accommodate the risk of holding a car and waiting if to sell. Cars like vw golf tsi, peugeot 208, you would be lucky if you get dealer to offer to take up the car.

Selling a car yourself is not difficult but need patience.
Find a platform and post some pictures, list it at your preferred price and buffer it for negotiation.
What it will cost you is Time, the time to attend to queries and to meet potential buyers.
Also on a successful sale, you will need time to attend to Puspakom, Banks and JPJ, doing these yourself can save you 1k runner fees.
Lastly, selling a car yourself runs the risk of getting full payment in the gap period of between transferring ownership name and money in your pocket.

if you want hassle free and immediate cash, dealers settle it for you at a cost.
From my experience,dealer margin for a 30K value car is at least 5K and a 100k car is 10k.

This post has been edited by dudester: Oct 18 2019, 03:04 PM

It's not a problem for them to make profit. It's how they are doing it that is disgusting. Also, you can't expect to make 5k profit from a 15k car compared to 30k car. Need to be fair and use percentage instead. But most of all, I hate the way they try to put in lots of hidden costs, not being honest about the car status and not honoring warranty. Do it properly and make less profit. Build up a business model that you can survive without resorting to shrewd business practice. In fact, majority of the automobile industry here is run using a very unhealthy way except for big dealers and car manufacturers. From garage to halfcut to used cars.

I remember an uncle I know that run a car halfcut import/export business. It is run using the shrewd Chinaman method. When he pass away, the whole business crumble because he owe people a lot of money. All this while, he has been living luxuriously on other people's money. After he pass, his family had to bear the consequences. His family that has been living in bungalow has to sell it off and the wife ended up selling noddle in hawker stall. That is not how you run a business.

Yes, I never recommend buying/selling from Dealers. That's why i always suggest people to try a hand at dealing with direct buyer / seller.
With today's technology, apps and information, one can easily get it done with some reading (LYN is a great place to start) and time allocation.
Unfortunately, A LOT of people still prefer to support the middle man service and willing to pay for the price of convenience , many rich Malaysian we have.

Many of these car dealers are fronts for money laundering, the taukays behind it basically sub out for dealers to run the business. So these are the people you are dealing with.
A car listed at rm100k and 50,000 km mileage is never as it is. There are 100 and 1 ways a dealer can add in hidden cost or create low miles. This applies to individuals too.

That said, I have found some good cars i bought from car dealers in Cheras and Selayang, accepting the fact that i need to pay about 5K handling fees.

I was accompanying my friend to hunt around for used car and found one unit that was in reasonable condition.

Car was advertised on mudah for RM36k, and dealer quoted OTR for around RM40k. I did some research online for the insurance and roadtax costs and they are RM1,250 for insurance and RM600 for roadtax.

That means the "hidden" fees are around RM2,150. How much does the usual inspection and transfer of ownership costs though? From what I read here, it was said that the fees are RM30 and RM150 respectively.

So the dealer is actually making RM1,970 without any reason.

Puspakom inspection for "tukar milik" in RM 30
JPJ change of ownership is RM 100