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Is this - or + Life EV?
What is a good deal? Isn't it just a matter of perspective?
Backstory
So an old customer of mine at the dealership referred a friend to come buy a car from me. The referree is a 45 yr old man who's wife passed a few months back. He told me he wanted to trade in his work truck and buy a newer model used Grand Caravan. The only things he specified was she wanted leather, the dual dvd system, and wanted to trade even.
My Payplan
Any used vehicle that has been on the lot for 90 days of longer I either get a $300 mini (guaranteed commission) or 50% of total gross. Whichever is greater.
The Story
That being said we had a white 2008 Grand Caravan that we bought at an auction that belonged to a Chrysler Representative which was the exact vehicle he was looking for. After working the numbers we gave him $25,000 for his truck and sold ours for $23,800 ($25,000 out the door after tax, tags, title, doc fee). His truck actually appraised for $36,000 ("boxing" it 11K) and we had $21,500 in our van.
Leaving a grand total of $13,300 in gross profit.
It feels great to have just made 6k+ in one day and he got the exact car and the exact deal he asked for. Part of me feels bad but the bigger part of me is saying he got 100% what he asked for in a deal.
Thoughts?
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