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V8 Bob



Member Since: 15 Mar 2018
Location: Cumbria
Posts: 342

United Kingdom 2012 Range Rover Westminster TDV8 Ipanema Sand

GAP insurance must be circa 60% plus profit given the difference between dealer prices and what you can pay by going direct. The add ones are often very high commission to the salesman for this very reason. Bought a nearly new BMW and had to sign that the salesman had offered the add ins but that I had declined them! 2012 tdv8 Westminster arrived Jan 19 gone Dec 23

200 TDi discovery bobtail gone
RR classic v8 bobtail gone
300 tdi Discovery 3 dr gone

Post #594474 17th May 2021 8:33am
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verydisco



Member Since: 10 Dec 2009
Location: UK/US
Posts: 2952

United Kingdom 2002 Range Rover Vogue 4.4 V8 Tangiers Orange

Cam-Tech-Craig wrote:
Sorry, but I can't see that making any sense... Bristol JLR has just opened up in Cribbs Causway and it must have cost several million to build! Maybe even tens of millions?

That doesn't come from just workshop profits! The time involved in prepping a new car, PDI, handover, after-sales... It all has to be profitable otherwise what's the point?


You are right, dealerships do make significant money (and they should) if/when they meet required sales volumes - then they get their bonuses.
So on paper, short term margins on new cars are relatively small, but this is largely compensated by volume bonuses.

It's just the structure all dealerships use with most manufacturers on a global scale. Among other financial, tax and accounting reasons, this incentivises managements and sales team to work even harder. l=Oo\________/oO=l l:OolΞΞΞΞΞΞΞloO:l

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Post #594476 17th May 2021 8:50am
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AnotherMutley



Member Since: 16 Jan 2017
Location: Kent
Posts: 399

United Kingdom 

Bit off thread, when I last looked, couldn't find GAP insurance as a stand alone product that exceeds £75k back to invoice.

Post #594479 17th May 2021 9:11am
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V8 Bob



Member Since: 15 Mar 2018
Location: Cumbria
Posts: 342

United Kingdom 2012 Range Rover Westminster TDV8 Ipanema Sand

Never spent anything like that so haven’t had an issue! I’ve generally gone with GAP insurance promoted on Honest John website. 2012 tdv8 Westminster arrived Jan 19 gone Dec 23

200 TDi discovery bobtail gone
RR classic v8 bobtail gone
300 tdi Discovery 3 dr gone

Post #594535 17th May 2021 7:26pm
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Mikey



Member Since: 10 Jan 2008
Location: Dundee
Posts: 1683

Scotland 

From my time in the dealership (10 years ago) it was generally around a 15% markup, so there was room to haggle

However, if the dealership met its sales targets from LR, there were large bonuses received for the sales dept. Hence why most dealerships will have a selection of ore registered cars Thumbs Up

Post #594542 17th May 2021 8:37pm
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Rob99



Member Since: 03 May 2016
Location: Gatwick
Posts: 1328

United Kingdom 2017 Range Rover Autobiography SDV8 Santorini Black

stan wrote:
my wife has just bought a car and the dealer tried to sell her gap insurance, wheel protection insurance, paint protection ,interior protection and a service plan...
me thinks theres a fair old kickback to the dealer on those..


Yep, was offered all those when I bought my AB. To be fair the salesman wasn't particularly pushing them hard but did say that it's what they have been instructed to offer all customers. 2017 4.4 SDV8 Autobiography
2012 4.4 TDV8 Westminster - Gone, but not forgotten

Post #594554 17th May 2021 10:12pm
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