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 How much do second-hand car deakers make?, Offered price vs posted price

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dudester
post Oct 18 2019, 03:00 PM

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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
dudester
post Oct 18 2019, 04:42 PM

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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.

 

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