How much margin dealer make from Repo car ???

[Fattychubby]

This OPC camry caught my eyes when it was upz for auction .. u seldom see luxury sedan OPC ...on auction.

Saw this back in the market after the bidding close just wondering how much they make from selling a repo car.. it seems that the repo market is a huge supply source for the dealers. gosh , just found out this dealer is now selling 3 repo cars ..hahha

beware if you have bought from them !

 

Camry

http://www.sgcarmart.com/used_cars/info.ph...328&DL=2328

 

http://www.sgcarmart.com/used_cars/info.ph...2319&DL=501

 

Proton Gen2

http://www.sgcarmart.com/used_cars/info.ph...2349&DL=501

 

http://www.sgcarmart.com/used_cars/info.ph...327&DL=2328

 

CIVIC

 

http://www.sgcarmart.com/used_cars/info.ph...2389&DL=501

 

http://www.sgcarmart.com/used_cars/info.ph...331&DL=2328

Edited April 24, 2012 by Fattychubby

[Fattychubby]

make it 4 repo cars by this dealer

 

http://www.sgcarmart.com/used_cars/info.ph...2426&DL=501

 

http://www.sgcarmart.com/used_cars/info.ph...465&DL=2328

[Fattychubby]

add another one .. 5 todate

 

http://www.sgcarmart.com/used_cars/info.ph...2345&DL=501

 

http://www.sgcarmart.com/used_cars/info.ph...459&DL=2328

[Fattychubby]

add another 1= 6 repo cars by this dealer..

Disclaimer-- i have nothing against this dealer.. just puzzled if there are crazy suckers so stupid to buy from them

 

Honda Stream

http://www.sgcarmart.com/used_cars/info.ph...459&DL=2328

http://www.sgcarmart.com/used_cars/info.ph...249&DL=2328

[Fattychubby]

7 now

 

Subaru imprezza

http://www.sgcarmart.com/used_cars/info.ph...249&DL=2328

 

http://www.sgcarmart.com/used_cars/info.ph...232&DL=2328

[Antlau]

My assessment is at least $10k to $30k... starting in accordance with the perceived "status" of the car...i.e.$10k => Proton, Honda, Subaru => $20k, Toyota (Camry) => $30k...

[Fattychubby]

knn.. found another car.. bought from direct seller and passing off as their car !!!

 

Toyota RuSH

http://www.sgcarmart.com/used_cars/info.ph...232&DL=2328

 

http://www.sgcarmart.com/used_cars/info.ph...566&DL=1000

[Fattychubby]

My assessment is at least $10k to $30k... starting in accordance with the perceived "status" of the car...i.e.$10k => Proton, Honda, Subaru => $20k, Toyota (Camry) => $30k...

 

It looks like the bank repo is giving them good $$ making opportunity at least $100K from the 7 cars bah??

Also looks like they have insider info.. else how come so good fetch.. so many cars :)