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02-01-2020, 01:16 PM
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#21
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Senior Member
Join Date: Feb 2012
Location: Brandon, FL
Posts: 348
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To find invoice/dealer cost: https://seedealercost.com/
Then add whatever you feel is fair mark up.
__________________
Ken Smith
2016 Heritage Glen 272RLIS
2017 Dodge Ram 2500 6.7 CTD
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02-01-2020, 01:47 PM
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#22
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Senior Member
Join Date: Oct 2018
Location: Out there somewhere
Posts: 1,620
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Take the MSRP, subtract 35%. This should be your target price give or take a few $K.
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02-01-2020, 01:56 PM
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#23
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Senior Member
Join Date: Oct 2018
Location: Out there somewhere
Posts: 1,620
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I just purchased a new, used toad myself, I research and shopped for 8 months. I went with a 2014 Honda CRV 2WD. It’s 3,300 lbs. I like to buy used when it comes to cars. Looked at the Cherokee but didn’t like the fact that you need to have the Active 2 steering enabled with a special harness and solenoid to stop the death wobble, and wife wouldn’t go for a regular Jeep. I also considered the Buick envision but wife didn’t like that either! And it’s made in China!
The 2014 is last year transmission you can flat tow the CRV. I found one loaded with 16K miles! I like to haul with the lightest weight possible.
Good luck, let us all know what you buy.
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02-01-2020, 02:30 PM
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#24
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Junior Member
Join Date: Sep 2018
Location: Leesville
Posts: 14
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yes
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02-01-2020, 03:45 PM
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#25
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Junior Member
Join Date: Aug 2018
Location: Sherman
Posts: 6
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Their offer is 29.3% off MSRP. With a willingness to visit other dealers, it should be possible to find a better price, my personal rule is to get 33% to 35% off.
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02-01-2020, 04:01 PM
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#26
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Senior Member
Join Date: Feb 2012
Location: Brandon, FL
Posts: 348
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Quote:
Originally Posted by folehmann
Their offer is 29.3% off MSRP. With a willingness to visit other dealers, it should be possible to find a better price, my personal rule is to get 33% to 35% off.
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True...there are upwards of 40% (and higher) markup. Take the MSRP divide by 1.4. Good amount to make an offer with.
__________________
Ken Smith
2016 Heritage Glen 272RLIS
2017 Dodge Ram 2500 6.7 CTD
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02-01-2020, 04:53 PM
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#27
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Junior Member
Join Date: Aug 2018
Location: Sherman
Posts: 6
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Dividing by 1.4 yields an amount equal to a discount of 28.6% from MSRP. That is a good deal, for the dealer.
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02-01-2020, 09:55 PM
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#28
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Senior Member
Join Date: Feb 2012
Location: Brandon, FL
Posts: 348
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Quote:
Originally Posted by folehmann
Dividing by 1.4 yields an amount equal to a discount of 28.6% from MSRP. That is a good deal, for the dealer.
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I was taught that this is how you find a true percentage of a number. For example...
If a dealer paid $1,000 (invoice/dealer cost) and does a 40% markup = $1,400 (MSRP). If you subtract 40% (1,400 - 40%) = 840...which is below dealer cost. But if you divide by 1.4 = 1,000
1,000 + 40% = 1,400
1,400 / 1.40 = 1,000
Another example:
We are interested in a 2019 Eagle HT 26.5RLDS. According to the web site I provided earlier:
Invoice: 31,473
MSRP: 45,636 (45% markup over invoice)
31,473 + 45% = 45,635.85 (roundup 45,636)
If I just subtract 45,636 by 45% = 25,099...which is way below the invoice.
But, if I divide by 45,636 by 1.45 = 31,473 (which is original invoice)
Is there a better way to do this?
__________________
Ken Smith
2016 Heritage Glen 272RLIS
2017 Dodge Ram 2500 6.7 CTD
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02-01-2020, 10:43 PM
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#29
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Senior Member
Join Date: Jan 2019
Location: Cincinnati
Posts: 1,186
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Better way-
31473 X 35% = 11015
31473 - 11015 = $20,458
Shoot for that.
__________________
Ford F250 6.2 Gas, 4X4, Short Bed, Companion Hitch
2019 Jayco 28.5 RSTS, MorRyde orbital pinbox.
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02-01-2020, 10:52 PM
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#30
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Senior Member
Join Date: Oct 2017
Location: Oregon Coast
Posts: 3,099
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Even easier just multiply times the balance of 100%.
$31473 x 65% = $20457.45
__________________
Brian & Jeannie
2018.5 Seneca 37RB with to many mods to list
2015 Jeep JKU Rubicon
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02-01-2020, 11:21 PM
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#31
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Senior Member
Join Date: Feb 2012
Location: Brandon, FL
Posts: 348
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????? Not sure what the 20,458 figure represents.
I am trying to show Invoice to MSRP and back Invoice
__________________
Ken Smith
2016 Heritage Glen 272RLIS
2017 Dodge Ram 2500 6.7 CTD
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02-02-2020, 08:40 AM
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#32
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Senior Member
Join Date: Dec 2017
Location: Dallas/Ft. Worth
Posts: 269
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No, you are correct. Multiplying using the percentage amount and 1 "point" gives you the proper amount.
__________________
--
Keith (& Teresa)
2017 Greyhawk 29ME
Dallas/Ft. Worth, TX
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02-02-2020, 08:53 AM
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#33
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Senior Member
Join Date: Nov 2017
Location: Lake Havasu City
Posts: 113
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Not many vehicles left for towing 4 down. I would check the Good Sam club towing guide I think the 2019 is out, waiting for 2020. Some of the vehicles that you could tow now deleted. Also on some of the Jeep vehicles like the Cherokee you have to have the special transmission option.
When in doubt call the tow bar companies like Blue Ox to see if they even make a setup for the vehicle you want to buy. The year, model and trans. if very important.
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02-02-2020, 10:15 AM
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#34
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Senior Member
Join Date: Jun 2016
Location: Denver
Posts: 4,250
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Quote:
Originally Posted by krsmitty
True...there are upwards of 40% (and higher) markup. Take the MSRP divide by 1.4. Good amount to make an offer with.
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Say MSRP is $200,000
Taking 40% off means you should offer $120,000.
Dividing by 1.4 means you end up offering more: $143,000.
For 40% off easiest math, for me is MSRP * 0.6.
__________________
2016 Greyhawk 31FK
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02-02-2020, 10:41 AM
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#35
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Senior Member
Join Date: Feb 2012
Location: Brandon, FL
Posts: 348
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Quote:
Originally Posted by pconroy
Say MSRP is $200,000
Taking 40% off means you should offer $120,000.
Dividing by 1.4 means you end up offering more: $143,000.
For 40% off easiest math, for me is MSRP * 0.6.
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Numbers don't add up...
MSRP: 200,000
Assuming there is a 40% markup over invoice to get MSRP
200,000 / 1.4 = 142,857
142,857 + 40% = 200,000
If you offer 120,000 you are offering less than what the dealer paid for it????
__________________
Ken Smith
2016 Heritage Glen 272RLIS
2017 Dodge Ram 2500 6.7 CTD
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02-02-2020, 12:18 PM
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#36
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Senior Member
Join Date: Jan 2020
Location: On the Road
Posts: 664
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Try RV Direct (RV One) best prices of all!
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02-02-2020, 10:31 PM
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#37
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Senior Member
Join Date: Jun 2016
Location: Denver
Posts: 4,250
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Quote:
Originally Posted by krsmitty
Numbers don't add up...
MSRP: 200,000
Assuming there is a 40% markup over invoice to get MSRP
200,000 / 1.4 = 142,857
142,857 + 40% = 200,000
If you offer 120,000 you are offering less than what the dealer paid for it????
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Ah - you are right. I missed the "markup" portion of the math quiz.
Sorry!
__________________
2016 Greyhawk 31FK
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02-03-2020, 08:15 AM
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#38
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Senior Member
Join Date: Sep 2019
Location: Longs
Posts: 1,484
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Ok did the OP make an offer or a decision?
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02-03-2020, 04:19 PM
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#39
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Junior Member
Join Date: Aug 2018
Location: Sherman
Posts: 6
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Quote:
Originally Posted by krsmitty
I was taught that this is how you find a true percentage of a number. For example...
If a dealer paid $1,000 (invoice/dealer cost) and does a 40% markup = $1,400 (MSRP). If you subtract 40% (1,400 - 40%) = 840...which is below dealer cost. But if you divide by 1.4 = 1,000
1,000 + 40% = 1,400
1,400 / 1.40 = 1,000
Another example:
We are interested in a 2019 Eagle HT 26.5RLDS. According to the web site I provided earlier:
Invoice: 31,473
MSRP: 45,636 (45% markup over invoice)
31,473 + 45% = 45,635.85 (roundup 45,636)
If I just subtract 45,636 by 45% = 25,099...which is way below the invoice.
But, if I divide by 45,636 by 1.45 = 31,473 (which is original invoice)
Is there a better way to do this?
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It's the old markup/margin conundrum. For example, a markup of 40% on a $200,000 product dealer cost would yield a price of $280,000 which would include a margin of $80,000 or 28.6% of the retail price. I work with the margin because it's easier for me to figure while dickering. What the dealer's markup amounts to in a percent is of no concern to me while the margin is. If his margin is 40% (which seems typical) I should be able to obtain 35% discount off MSRP. If you work it backwards, a 40% margin on a dealer cost $200,000 item will require a MSRP of $333,333 which amounts to a 66.7% markup. The best way to figure this is to use the method you understand but I think you have underestimated how much markup the dealers apply.
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02-06-2020, 05:30 PM
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#40
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Senior Member
Join Date: Mar 2018
Location: Quincy
Posts: 643
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33-35% off MSRP........anything else......walk. Be sure to look at the Jayco sheet and not one that the dealer might have done.
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