NickGCS 14 Posted September 24, 2018 Hello everyone, my first post! great forum I’ve been reading for a while! I’ve been trading 8 years, we have a small forecourt of around 20 and a unit with our mechanic. We currently only offer paint protection as an add on. Today I was looking over a deal for a family member for a car they are buying from listers Bmw, and came across their add ons- gap, dent and scratch protection, alloy and tyre insurance, service packages, etc etc how many of you with a similar set up offer these extras? Which ones work best/worst? Thanks in advance Nick Share this post Link to post Share on other sites
trade vet 703 Posted September 24, 2018 25 minutes ago, NickGCS said: Hello everyone, my first post! great forum I’ve been reading for a while! I’ve been trading 8 years, we have a small forecourt of around 20 and a unit with our mechanic. We currently only offer paint protection as an add on. Today I was looking over a deal for a family member for a car they are buying from listers Bmw, and came across their add ons- gap, dent and scratch protection, alloy and tyre insurance, service packages, etc etc how many of you with a similar set up offer these extras? Which ones work best/worst? Thanks in advance Nick I would like to see the t&c’s and disclaimers on dent and scratch protection.How much extra per month was it for these add ons.I hope you told them to stick it .....I am meeting a guy tomorrow to discuss my idea for administering ‘ customer care packages’ for under l£10 p/w.Add ons do help but they have to appear good value to the punters. Share this post Link to post Share on other sites
NickGCS 14 Posted September 24, 2018 (edited) Yeah he wouldn’t take them anyways but just got me thinking about adding extra profit to deals/value for our customers! Agreed the t&cs would be interesting tried uploading photos of the cover but won’t work- scratch/dent £270 1 yr, £367 2yrs, £477 3yrs quick scan through and scratches up to 3cm!!! Dents 30cm - only smart repairable /PDR stuff Edited September 24, 2018 by NickGCS Share this post Link to post Share on other sites
Del Boy 76 Posted September 24, 2018 20 minutes ago, trade vet said: I would like to see the t&c’s and disclaimers on dent and scratch protection. It will read... ‘Excludes wear and tear’ lol 1 Share this post Link to post Share on other sites
justina3 518 Posted September 25, 2018 All depends on what kind of stock you keep and how good your mechanic is, for example you could offer reversing sensors there cheap to buy easy to fit fully color coded for £199 or hands free car kits, remote central locking upgrades, dab modules Take the farther who just bought his daughter a shiny new Peugeot 107 standard radio crap standard front speakers shocking, we do an audio upgrade which replaces the stock head unit for one with DAB hands free aux input bluetooth streaming and front speakers changed for £299, sell it to the farther that his daughter will not be driving on the phone ect charges her phone so on so on item added to sale. Pulls in an extra £180 profit for 30 mins work. 1 Share this post Link to post Share on other sites
MainDealerBiatch 6 Posted September 25, 2018 I'm currently at a large aPLC .. if we didn't do the add ons and the finance we would be out if business ... 2 Share this post Link to post Share on other sites
EPV 631 Posted September 25, 2018 Just now, MainDealerBiatch said: I'm currently at a large aPLC .. if we didn't do the add ons and the finance we would be out if business ... Stop paying stupid money for cars at auction then? 2 Share this post Link to post Share on other sites
MainDealerBiatch 6 Posted September 25, 2018 21 minutes ago, EPV said: Stop paying stupid money for cars at auction then? Lol yes the buyers are wankers... all we do is condem the too expensive ones when they have the used car workshop check and reblock them. PLC for you Share this post Link to post Share on other sites
It's me 615 Posted September 25, 2018 5 hours ago, tradex said: and dents and scratches I think the only one worth the dough would be key insurance, as long there are no excludes for lost, broken or faulty keys. i read somewhere that some only cover the blade some good that is if mia drops the keys in her soup Share this post Link to post Share on other sites
trade vet 703 Posted September 25, 2018 8 hours ago, MainDealerBiatch said: I'm currently at a large aPLC .. if we didn't do the add ons and the finance we would be out if business ... Remember Comet,white goods sold for cost price or less except it was compulsory for customers to take out the add ons.I think it was new consumer law that killed them. Share this post Link to post Share on other sites
NickGCS 14 Posted September 25, 2018 9 hours ago, justina3 said: All depends on what kind of stock you keep and how good your mechanic is, for example you could offer reversing sensors there cheap to buy easy to fit fully color coded for £199 or hands free car kits, remote central locking upgrades, dab modules Take the farther who just bought his daughter a shiny new Peugeot 107 standard radio crap standard front speakers shocking, we do an audio upgrade which replaces the stock head unit for one with DAB hands free aux input bluetooth streaming and front speakers changed for £299, sell it to the farther that his daughter will not be driving on the phone ect charges her phone so on so on item added to sale. Pulls in an extra £180 profit for 30 mins work. Our stock is up to 7 years, 70k max, mixture of everything, German, jap, down to Peugeot, Vauxhall ford etc mostly run of the mill but try and have a couple of more prestige cars too. A good idea for the radio upgrade too though especially with the first time cars! 8 hours ago, MainDealerBiatch said: I'm currently at a large aPLC .. if we didn't do the add ons and the finance we would be out if business ... The margins are tighter and tighter and there’s good commissions to be made, really starting to feel the need to maximise the profit opportunity in every deal! 1 Share this post Link to post Share on other sites
David Horgan 564 Posted September 28, 2018 On 25/09/2018 at 8:43 AM, MainDealerBiatch said: I'm currently at a large aPLC .. if we didn't do the add ons and the finance we would be out if business ... should be ashamed , if you need add ons to make it pay , time to pack up Share this post Link to post Share on other sites
Nick M.K. 574 Posted September 28, 2018 On 25/09/2018 at 8:44 AM, EPV said: Stop paying stupid money for cars at auction then? How are they going to fill up all the forecourts, compounds and pitches then? The finance companies provide very low interest stocking loans and they need the finance business in return. Having thousands of cars and "only" making the 5-10 percent (I've heard of 12!) on finance commission is a valid business strategy. I don't envy the "cash buyers with no part exchange and no need for add ons" looking for a great deal. They probably get laughed out of showrooms... 1 Share this post Link to post Share on other sites
MainDealerBiatch 6 Posted September 28, 2018 7 hours ago, David Horgan said: should be ashamed , if you need add ons to make it pay , time to pack up I don't own the farm Share this post Link to post Share on other sites
andymc1973 199 Posted September 28, 2018 Very true mate 1 Share this post Link to post Share on other sites
David Horgan 564 Posted September 29, 2018 15 hours ago, Nick M.K. said: How are they going to fill up all the forecourts, compounds and pitches then? The finance companies provide very low interest stocking loans and they need the finance business in return. Having thousands of cars and "only" making the 5-10 percent (I've heard of 12!) on finance commission is a valid business strategy. I don't envy the "cash buyers with no part exchange and no need for add ons" looking for a great deal. They probably get laughed out of showrooms... That happened to a guy I know Nick , Cash buyer with his own detail business so didn't want add on's . Went to buy a BMW and they asked him to leave , told him "we don't do business like that " Shock horror . Share this post Link to post Share on other sites
Nick M.K. 574 Posted September 29, 2018 42 minutes ago, David Horgan said: Went to buy a BMW and they asked him to leave For years we were based very close to CarGiant in West London, we got at least 2-3 sales every month to people that were told they could only buy there on finance or made to wait 5-6 hours until the car underwent "final preparation". They would lose patience, find us online and sometimes even arrived on foot 44 minutes ago, David Horgan said: told him "we don't do business like that " If it was me I'd haggle for a finance deal "don't care how high your interest is as long as you get me approved", then cancel the finance in 10 days and pay it in full to the finance co. People don't know that they can do this and even after they read it on this forum still wouldn't be sure if it's OK to do. Share this post Link to post Share on other sites
