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Regular Contributor
codesingh
Posts: 245
Registered: ‎12-27-2012

What would be markup for a new car

Hey All,

 

I am now in the market and shopping for a new car.

Could you please tell me how much of percentage markup for a new car with MSRP $23000.

 

The car I am interested in(with some additions/customizations) comes to be $25000, how much do you think the dealership can sell it for?

 

Thanks in advance,

Code

~ 100k in Rev CC. 15k Credit Line. 16.5k Car Loan(@1.7%) Starting scores: 690 EQ (Dec 2012) Mid-year FICO scores April ‘13 Pulled by lenders(Barclays, Amex): TU 747 • EQ 752 • EX 746 • Scores As of Nov 2013: 740 and above across the board.
Frequent Contributor
2FixMyCredit
Posts: 495
Registered: ‎02-02-2013

Re: What would be markup for a new car

Dealerships will try to sell it for as much as they can. Bid them against each other and you would be suprised at the price you get. Also try truecare.com and it will show what they particular car is going for in your area.

Total CL: $40k+
Discover, BOA, GE, Cap 1, Chase, Barclay!
Gardening Start: 04/22/2013

Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

Re: What would be markup for a new car

Never pay MSRP, which means ---never, never pay more than MSRP---.

 

Most cars can be purchased for thousands under MSRP. Sometimes more than 20% off msrp for harder to sell vehicles.

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