I have often wondered how much the big chain car dealers make on a used car, my curiosity has now been satisfied.
I recently sold a BMW to a big chain, its not sour grapes I did ok on the car I bought. they haven't turned off the connected stuff so I know where the car ended up.
they moved it 100 miles to a main BMW dealer and are asking £38995, they paid £33500, it has a years factory warranty to go and a service pack, so all they have to do is wash it. so potentially £5500 for doing nothing and anything they might get out of selling finance.
So now I know.
and if the buyer finances it they will make £14000
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