jd dealer markup?

[Deere Dude]

To me it doesn't matter what the dealer markup is. If I want a certain product and check 3 or 4 dealers and they all claim a certain price and I think it is to high, I will check a few more dealers. If all or to high, maybe my expectations are unrealistic in this market. Then I either buy the cheapest, check the net or forget it for awhile.

If you check enough dealers, someone will give you a better deal sooner or later. You just have to be patient.
For instance, I wanted to trade in a 4 year old garden tractor with 250 hours for a new one of the same style. Four dealers told me the cost would be $6000 to boot on a trade. I considered that ridiculous and I would keep it for that.

On the way home from a town 30 miles away I had spare time so I stopped into yet another dealer. $2500 to boot from him, so he got the deal. He was paying his help good wages and insurance and had all the lights on, but he figured he could sell mine fairly easy, supposedly.

Why the big difference? I think most of the dealers just saw me as an easy mark, have their little black book and don't stray from it. Maybe $2500 was to much also, but it was something I could live with.

 

[MinnesotaEric]

When negotiating price, always remember the seven golden words: Is that the best you can do?

Simplify Haggling by Asking "Is That the Best You Can Do?"

Negotiating is a skill that comes naturally to some and is incredibly uncomfortable to others. Regardless of where you land on the spectrum, though, finance blog Financial Ramblings suggests you can get better prices with one simple question.

While you probably shouldn't try this with the cashier at Wal-Mart, asking "Is that the best you can do?" or some variation is a simple way to demonstrate that you're seriously considering the product, but still inquire about price flexibility. It can also prompt sales people to mention deals or packages they might not otherwise pitch right off the bat. As Financial Ramblings puts it:

More often than not, those seven magical words will score you a better deal sometimes a significantly better deal. And even if they don't thereｴs almost zero chance that you'll scuttle the deal.

The beauty of this strategy, aside from the fact that it hardly even feels like you're negotiating, is that it can be used in nearly any circumstance. Think yard sales, major purchases, salary negotiations, etc.

There are certain situations where it's always worth your time to haggle, regardless of how you feel about it. It's also worth pointing out that tone and context can help a great deal ("Is that the best you can do?" can sound accusatory if said with the wrong inflection). However, if you're new to negotiating or just uncomfortable with it in general, this is a great place to start.

This is great advice!

To me it doesn't matter what the dealer markup is. If I want a certain product and check 3 or 4 dealers and they all claim a certain price and I think it is to high, I will check a few more dealers. If all or to high, maybe my expectations are unrealistic in this market. Then I either buy the cheapest, check the net or forget it for awhile.

If you check enough dealers, someone will give you a better deal sooner or later. You just have to be patient.
For instance, I wanted to trade in a 4 year old garden tractor with 250 hours for a new one of the same style. Four dealers told me the cost would be $6000 to boot on a trade. I considered that ridiculous and I would keep it for that.

On the way home from a town 30 miles away I had spare time so I stopped into yet another dealer. $2500 to boot from him, so he got the deal. He was paying his help good wages and insurance and had all the lights on, but he figured he could sell mine fairly easy, supposedly.

Why the big difference? I think most of the dealers just saw me as an easy mark, have their little black book and don't stray from it. Maybe $2500 was to much also, but it was something I could live with.

And your story is why negotiating and patience matter.

 

[arrow]

.

I know exactly what is happening behind the scenes.

Behind the scenes of what? A small mom and pop dealership or nearly anonymous, over the phone, "business to business" once in a while face to face deal? My "behind the scenes" remark goes beyond , margins, quotas, sales and all business dealings as it relates to revenue. My remark pertains to a guy or gal running a business that is providing employment to the surrounding area where his/her 15 -20 employees become a surrogate family with all the trappings, foibles and delights associated to a "family". "If I want to pay more" becomes a fair statement that in some instances I would say "yes" to. If I thought the deal was fair, I'd wanna pay more than you. My scope goes beyond "me" as I put more value in the "bigger picture".

 

[Coyote machine]

I applaud the dealer's who realize dealing with the absolute bottom line negotiators and giving away their store merely to have made that extra sale for next to nothing is sheer foolishness. As a country and as local businessmen all across it there needs to be a sense of working as a community. This concept is completely missed by those who only look to the bottom line on any purchase. Their myopic mentality is all about the world being there to serve them.

Wish it were so that they could all go to Amazon or fleaBay for all their needs; including the cheapest brain surgeon, or heart specialist, as needed.
For the negotiators, call round, visit ever dealer within 500 miles and get the deal of the century. We're proud to support your endless quest in seeking the deal you can brag about to your like minded friends.

Scavenger birds picking at the roadkill carcass on the side of the road is what comes to mind when hearing the ludicrous rationalizations of the all seeing, all knowing one, among TBN's members.

For clarity here is a definition of what we're dealing with:

or·a·cle
ˈôrəkəl/
noun
1.
a priest or priestess acting as a medium through whom advice or prophecy was sought from the gods in classical antiquity.
synonyms: prophet, prophetess, sibyl, seer, augur, prognosticator, diviner, soothsayer, fortune teller, sage
More
a person or thing regarded as an infallible authority or guide on something.
"casting the attorney general as the oracle for and guardian of the public interest is simply impossible"
synonyms: authority, expert, specialist, pundit, mentor, adviser, guru More
2.
a response or message given by an oracle, typically one that is ambiguous or obscure.


Beware of false prophets, eh?!:shocked:

The no service after the sale is an important point also missed by the delusionally obsessed bottom liners. The whole mentality of outsourcing everything imaginable to some third world country that treats it's workforce like slaves or uses child labor and deplorable conditions to gain the most profit plays right into the Wally world nation of consumers of cheap disposable junk, and perpetuates the problems we have here at home attempting to keep the wheels from falling off the wagon known as the labor force of the USA.
Repeat business is valuable to the consumer and dealer.
How many times have we read here about tractor buyers fearing buying a particular brand because of not enough local dealers to choose from for service after the sale? Or their local dealership going away because of not enough business to keep them viable? We have the bottom line or nothing mentality contributing to this situation unfortunately for all buyers/owners.
And I guarantee if any of the negotiators were in business for themselves their perspective would not be what it is currently. Working for big corps is nowhere near the same animal as the small business owner day to day.

 

[murphy1244]

Waiting 2 weeks saved me 1748.00$!! Darn right I deal. I bought many things from my Tractor dealer including Saws.

 

[Coyote machine]

Him who Murph?

 

[murphy1244]

Him who Murph?

Ahh So Sorry?

 

[MinnesotaEric]

Behind the scenes of what? A small mom and pop dealership or nearly anonymous, over the phone, "business to business" once in a while face to face deal? My "behind the scenes" remark goes beyond , margins, quotas, sales and all business dealings as it relates to revenue. My remark pertains to a guy or gal running a business that is providing employment to the surrounding area where his/her 15 -20 employees become a surrogate family with all the trappings, foibles and delights associated to a "family". "If I want to pay more" becomes a fair statement that in some instances I would say "yes" to. If I thought the deal was fair, I'd wanna pay more than you. My scope goes beyond "me" as I put more value in the "bigger picture".

Everybody has a backstory, both buyers and sellers. And while everybody faces challenges, I know what goes on in the back insofar as what it takes to run a business and in particular, the business of selling.

Here is a diagnostic question for non-negotiators: how do they grow to expand their business?

And a diagnostic question for people defending non-negotiators: is suggested retail pricing a fair deal?

 

[Coyote machine]

ALL business is selling something.

How does a business grow? Something called reputation, along with having earned respect for treating customers fairly, in a timely fashion, and being available to help solve problems, if any arise. Among other things too.

MSRP is just what it says: SUGGESTED retail price. A place the MANUFACTURER sets as the base line for the RETAIL customer wanting to buy their product through a franchised dealer of the product, be it car, tractor, airplane, etc.

Is MSRP fair? That depends on the buyer's perception of whether he is getting what he/she wants for the price point they are buying at. Many times something valued as must have is sold for OVER MSRP.

For someone who claims to have so much behind the scenes experience in the business of selling, here's a field leveling question: have you EVER actually owned a business? If so what type? For how long?
My guess would be no.

 

[arrow]

how do they grow to expand their business?

And a diagnostic question for people defending non-negotiators: is suggested retail pricing a fair deal?

Answer to question no 2. Yes or no. Depends on the value as Coyote already stated. When I was looking for a tractor, I went to Kubota where an L 3400 had a $19,300 dollar price tag. I'm looking at this thing and I'm saying "no way" is this worth this much. I asked if he could sell it to me for 17.5 K. He turned away from me while laughing and said "its here when you become a real buyer"

Answer to question no. 1. This is not how to grow a business and even if he called me the next day to accept my offer, I would not have bought from this salesman. Whoever he was, he was not an asset to this business. What he did not realize was that "I WAS A BUYER". So you grow a business by being polite. helpful, accommodating, honest and respectful with solid service. Some of these things have little to do with pricing but have everything to do with "sales".

Now , lets play this with your scenario: Question no 1: He doesn't budge from over 19K. Nor does he accept my offer to the point of disdain. Would you care to "negotiate with this guy?

Question no 2. he accepts the offer of 17.5K. I already accepted this price because it matched my perceived value. I become a contented purchaser. Would you attempt to beat him down further?