Mark up Madness

Discussion in 'General Chat' started by Dah_Hunter, Dec 15, 2018.

  1. Dah_Hunter

    Dah_Hunter Looking over your shoulder, so you dont have to.

    Joined:
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    Location:
    Lower Rainland (BC)
    On Valley Auto Sales (Facebook group for selling cars)
    There is basically only one importer that people recommend.
    anyways, he has now partnered up with the Creator of the group (Who works at a dealership)
    Which is fine, however the first car they are selling.
    a Hilux Surf which sold recently for 469,000Yen
    upload_2018-12-15_14-20-16.png



    They are asking:
    $21,850 roughly 10k Markup.


    upload_2018-12-15_14-19-16.png




    Im all for people making money and stuff but i dont like people valuing vehicles at a level thats Madness.
     
  2. Megatol

    Megatol Mr. Toyota

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    I don't think this is realistic price. Maybe if it was a diesel HiLux with 1KZ engine in similar condition fair price would probably around $15K.

    I'm fine if people will put any price on their vehicles, even $100K for this HiLux :o, but this is free market which will dictate real price which customers are ready to pay.

    I sold my Prado and Land Cruiser 1-3 years ago in the range $10-13K and these were bigger vehicles, more comfortable with more features (i.e. more expensive) but with similar off-road capabilities.
    I couldn't tell I had lineup of customers while asking 10-13K, so I don't think he will be able to sell in this price.
     
  3. IanB

    IanB New Member

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    A gasser Surf will never sell for that kind of money anyways, but that is pretty greasy.
     
  4. Pajerist

    Pajerist New Member

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    Exactly what I thought, it is even not a diesel!
     
  5. Prostrho

    Prostrho New Member

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    Its been like this for a while for some private importers.

    People asking crazy money for cars from mass exporters and marking up 5-6k.

    At least this guy is able to provide financing, BUT it will probably end up being a gongshow in the end for the finance company.

    They're listing 500k yen drift missile cars for 17-18k. Kids think they can afford those monthly payments and after a year or 2, the car gets destroyed and they're still on a hook for the 3 years left of financing

    A true typical scumbag type shady car dealer finance deals. Just get the product out the door and make it in a monthly payment that the customer can afford.

    Maybe we can find some cheap drift missile parts car in the future on repo.com. maybe that's the good thing that could come out of this.
     
  6. trev

    trev New Member

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    People must like wasting money .. I put up a JDM when I'm done with it for next to nothing and get zero calls.

    Maybe I should just ask stupid money.
     
  7. RyanV

    RyanV Member

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    IanB likes this.
  8. Greg

    Greg Local Grumpy Moderator

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    I love that they advertise a CarProof on a freshly imported car...
     
    Murrdawg02 likes this.
  9. IanB

    IanB New Member

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    I've never been so happy to get a car sold as I was when that E55 went! I believe it was late October/early November, it was DAYS before I'd have had to put the winter tires on it and pounded it through the salt of another winter, there would have been nothing left of it by spring, lol. It was a real "hot potato" due to the rust that had started!
     
  10. RyanV

    RyanV Member

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    I was surprised to see a bit of rust was starting on the one I had as well. I think it was either at the top or the bottom of the rear doors. When I saw it I looked it up and it was a pretty common location to see rust starting on those cars.