Quote (Trollin @ Aug 13 2014 06:06pm)
even if its been sitting on the lot for a while? trying to gather about 4-5k for a down payment. it looks like it was bought at an auction so it could have been bought cheaper no?
Well it depends on how long it's sitting. Used Civics move fast so I doubt it's been there long but you can follow used car listing to see how long cars have been there. For dealerships to make money on used cars they need to move them fast so chances are the car hasn't been there long. And like I said in my first post a dealership would rather wholesale a used car to a wholesaler then to a customer. Used cars don't have a great return rate to service departments so there isn't the same benefits of selling cars at a loss as there is to build relationships with wholesalers.
Auctions are weird. You can either pay really little or a lot. Car auctions usually end up not being on the lower end (at least for newer ones) because there is always a market for relatively new used cars. My friend is a GM at a dealership (new car) and I've been with him to the dealer auctions and while there is good deals to be had I don't remember any newer cars going for way cheap unless they were in accidents or had very high mileage.
If I had to guess they paid 12.75 for the car, which means they won't sell it for less than 13.5. Probably wouldn't let it go to you for less than 14. Remember that used cars are inspected by a dealerships mechanics and detailed so that will add up to a break even number a little over what they paid.
I'd aim for 14 but who knows. Try too low and they'll blow you off. Nothing a sales guy hates more than lowballing. It wastes both theirs and your time.