When I traded my car in a few years ago the dealer would only give me £10k, there was nothing wrong with it, on his website it was up at £13.5k and it sold quick, so he made 35%. I just sold my car on motorway, I got £12.5k, auto trader valuation was £10.4k so who's right. There's a guy on KZitem only does electric cars, he reckons he only made a grand on each Tesla he sold recently, he couldn't survive if he was doing that, he had staff premises etc. Everyone has to make a profit depends on what you think you can get away with.
@ChopsGarage
Күн бұрын
I'm surprised I still need to explain this. He did NOT make 35 percent! That's gross profit not net profit. He will of paid 20 percent of that on VAT alone! Then there is Adverts. Warranty, Valeting, Salesman, Property overhead. insurances. income tax (another 40 percent minimum) and you say it needed nothing but there has NEVER in a thousand plus cars ever been a car that needed nothing to retail. He made a Net profit of probably £1000 at best and THEN if there is any repair needed within the next 5 years that could be considered there at point of sale he needs to take it from that.
@tonyrice3348
Күн бұрын
Well said, lots of people think dealers can just flip cars with no overheads
@acelectricalsecurity
Күн бұрын
@@ChopsGarage you don't need to explain it, I know it was gross profit
@ChopsGarage
14 сағат бұрын
@@acelectricalsecurity thanks goodness! It seems to get missed still
@mattheww6167
11 сағат бұрын
The Lexus 400 understated perfection and luxury
@mattwebb172
Күн бұрын
James don’t forget to to take copies of the service history and work done for when you retail it on then if any problems like mr mokka you can look back on it
@mikythesaint6507
Күн бұрын
He will still be back Mr Moka 🤣🤣🤣
@vahidvahidnia1643
Күн бұрын
The effort you put into all your work is next level.
@modmod392
Күн бұрын
LS400 so far ahead of its time. That V8 is legendary
@williamtraynor-kean7214
Күн бұрын
I had a Citroën C6, a vastly underrated vehicle, smooth quiet and a pleasure to drive.
@dghdavies
Күн бұрын
The LS400 was a Toyota Crown in Japan, saw loads of them in Tokyo back in the day.
@jonathanlonsdale9442
Күн бұрын
I've always gone for the higher mileage cars when buying used. As long as they've been looked after, there's a fair amount to be saved. The most problems I've had with cars have been the ones I bought brand new!
@roystonvehicles9129
23 сағат бұрын
I thought you'd gone all sensible and made your showroom into a showroom, then I realised it was someone else's bud (!)
@conanthelibrariansunflower
Күн бұрын
Couldn't agree more on the mileage/price. I have an 2019 M4 which I ran as a commuter for a few years. Now I'm retired and not putting huge miles on it I'll use it and enjoy it until the mileage is average again then probably sell it.
@kevincross9206
Күн бұрын
I loved the 2 HRV’s I had. First was a diesel and second a turbo petrol. Really economical to run, very practical especially with the rear “magic” seats. Cracking cars 👍🏻
@dghdavies
Күн бұрын
Have you noticed all the lovely ladies who appreciate your videos. How nice.
@hgvnovice2011
Күн бұрын
I had lexus gs300 l7 rhl was the registration. Absolutely loved it
@RobbieJohn-k5i
13 сағат бұрын
The lexus is a lovely car, and for 4k, an absolute steal James's as for the small paint job i wouldn't even bother 😊. And that Honda was sweet. Also the milage is immaterial on modern cars you're reasoning was spot on
@sarahfrith1984
Күн бұрын
I’d never have the cheek to haggle, I don’t even offer a lower offer if I’m buying some item on Facebook marketplace!🙈😂 to me the price of something is the price, I either pay it or don’t 🤣
@allyclarke6505
Күн бұрын
Love the LS400!
@frimleyfrodo
5 сағат бұрын
Back in 2014 I bought a new Touran DSG. I was doing 25-30k per year and used to keep my cars about 5 years. Since Covid I’m doing slightly fewer miles so have kept the Touran which is ‘only’ at 231,000 now. It’s been the cheapest car I’ve ever run. Serviced myself every 9/10k with a DSG service every 37/38k and nothing major has ever gone wrong. It’s taught me not to worry about high mileage with good history. With the current value, I’ll just run it until it suffers a major failure.
@dinointhetube
Күн бұрын
Keep the LS400 tuck it away.👍
@CF21LDB
Күн бұрын
I was down Brean yesterday when I came into Burnham I had stop as there was a bit of stop and start traffic and I happen to stop outside that house where your old red Alfa is. Mad how you spotted that.
@PiffyS16
9 сағат бұрын
The level & cost of your prep goes above & beyond imo. You then still price the cars very fairly. I wouldn't give any discount at all if I were you. I would without hesitation more than happily travel the 115mls & 2 & half hours down to you to buy a car. I've learnt a lot too off the channel. Cheers mate
@Ro32da72
10 сағат бұрын
Always like a high mileage hero, my current car was bought with 220k on it; I paid buttons because no-one wants them. Anything over 100k scares people off.
@henrykravitz468
Күн бұрын
Love the LS400. Please tsle copies of the paperwork and any work you get done.
@PeterPrice-DinkyDoo
Күн бұрын
Lexus was Toyota's bid to break into the American luxury market, stood for luxury export US, hence shortened to Lexus, cheers Chops 👍
@ChopsGarage
Күн бұрын
oh never knew that cheers
@paulstroud6998
14 сағат бұрын
Don’t discount, fixed prices only. You offer an excellent service.
@roystonvehicles9129
8 сағат бұрын
Back in the day there was a company near me called company cars, they made a forte of late leggy cars, high miles cavaliers, orion stuff like that, ran big ads in the local paper, before the net.
@GryphLane
15 сағат бұрын
Agreed with you about mileage, but me purchasing a 2006 car on 160k-odd and only doing 5k a year may be a little more optimistic. Not that I'm actually going to sell it 😄
@westendwatch
7 сағат бұрын
I wouldn't negotiate before they've seen it . He's clearly more interested in the price than the condition of the car.
@2DogsVlogs
Күн бұрын
Interesting about the margins. They are so low. For a trade in Queensland we require a minimum 40% margin. We buy cars around the $6-8k range and sell them for $13-15k. The three dealers I've worked for all did the same. Auction cars are different. The margin is around 30%.
@MrHugaKuga
9 сағат бұрын
Low mileage cars carry a "premium" aa people think they are more new. But, they're usually city cars, short trips, kerbs, speed bumps, stop start, never get warm. High mileage cars yep, top gear on motorways, no stress on the car or components. All my cars have done high miles, (20k a year) just needed servicing and change tyres brakes, but nothing else.. current car on 120k miles. 🙂
@AndyPipkin-dj8sy
Күн бұрын
gracious owner - service history - that will sell quick
@downtothewood1950
Күн бұрын
Chops having his cake…😂
@guy4469
21 сағат бұрын
I had a lexus LS400 i drove it from machsester to glasgow and i had to switch tanks 1 tank then 2 tanks crazy on fuel now im happy with my BMW E38 .
@davidwainwright2816
Күн бұрын
Bang on about higher mileage…. Buy the right car.. get value and new technology 🎉
@paramedicchrisbookseries
9 сағат бұрын
Another really good video.
@zzhughesd
Күн бұрын
Garden centre day out. Cake and coffee. What’s not to like. Choc cake or something more left field Chops ?
@ChopsGarage
Күн бұрын
It was an amazing toffee layered sponge
@zzhughesd
Күн бұрын
@@ChopsGarage oh my gosh drooling here
@stevenlomas8812
Күн бұрын
It’s the final countdown chops !
@joshuawoodford7977
11 сағат бұрын
Really enjoying these daily vlog style videos!
@ChopsGarage
9 сағат бұрын
Glad you like them!
@rogermoore52
Күн бұрын
i always like to over pay for my cars at Berrow Motors where they seem to make £3k+ per sale, driving people perhaps to challenge prices. No horses were harmed in this comment
@ChopsGarage
Күн бұрын
If you were selling Range Rovers to the public on finance and liable for up to 5 years on them how much would you want to make Vs the risk???
@paulmoore6345
Күн бұрын
Lexus is nice. Reckon the captur will be popular 👍
@TheAllyMor
7 сағат бұрын
You had a V8 company car!!?! Wow!!
@roystonvehicles9129
14 сағат бұрын
I got a 19 plate in last year with 102k on, fsh, 1 owner mint, up at half price of others, couldn't sell it, I think I got the same price on the same car on a 63 plate just because it had lower miles, people just can't seem to mentally take in late high mileage stuff, tbh 50 to 60k is a dangerous mileage, most things are starting to go for the first time, certainly the clutch, alternator, stuff like that.
@chrisardern4594
Күн бұрын
Dont you realise that it's your job to supply these vehicles and make no profit whatsoever. Well that's what some people think. Liked the post especially the bit where you explained the Motorway and autotrader buying /Selling.
@roystonvehicles9129
Күн бұрын
Not going to get onto you bud, sometimes you've got to do what you've got to do,all I will say (!) is as say a cheapie comes in, don't get too involved, if it's tidy(!) just have an hour on it, I use cif, vac out and advertise it cheaply, you'll get more than trade. When they come, chuck em the keys and leave them to it, say as is, take it away, over a year it'll build up over blowing to trade, you've just got to be a bit tough tho bud.
@roystonvehicles9129
Күн бұрын
If someone bids stupidly low bud I just tell them to buzz off, even if they go up I don't want to know them, had a call the other day, it's all the details, full list, then it's best price, I just said forget it. A few hours later it sold OK.
@badgersalesman5595
Күн бұрын
You sir are not very bright.
@roystonvehicles9129
Күн бұрын
@@badgersalesman5595 I think that all the time as well.
@roystonvehicles9129
Күн бұрын
I find late, high miles are a hard sell, I personally prefer them but customers are so conservative.
@ChopsGarage
Күн бұрын
Agreed
@roystonvehicles9129
Күн бұрын
@@ChopsGarage yes bud
@chrishirst7716
15 сағат бұрын
The prices are very high compared to Yorkshire.
@stevenmoran4060
6 сағат бұрын
But it’s models old now and smaller in every way. The one after was a big improvement and that now has had a facelift.
@davidpickard9393
6 сағат бұрын
Has the Captur drivers door got funny panel gaps or is it just the filming
@NotRubensDad
Күн бұрын
A main dealer bought my Kia for £7500, sold it for £9995, which seemed reasonable to me. No idea why people think they are entitled to buy things at cost.
@ChopsGarage
Күн бұрын
Exactly. £2500 minus £500 vat minus £150 warranty ,minus staff pay, minus adverts. Minus 40 percent tax leaves what £750 or so and still the chance of further costs going forward
@bigal2417
22 сағат бұрын
When i was in the motor trade 30 years ago , you could never sell a car with 120,000 miles on it. You would have many problems trying to talk someone into buying a car 4 years old with 60 or 70,0000 on it. Wow how things have changed for the better.
@johnfitton3716
13 сағат бұрын
Cars have got better too in some respects
@johnfitton3716
13 сағат бұрын
Lot of clocking going on back then😂
@roystonvehicles9129
12 сағат бұрын
@@johnfitton3716yes, even quentin Wilson got done!
@bigal2417
11 сағат бұрын
@johnfitton3716 Yes, there was cos the fools thought they could buy the same car down the road for 1000 pounds less with lower mileage . MUGS they all deserved what the got.
@garymorris801
3 сағат бұрын
some people have no idea
@bigal2417
21 сағат бұрын
James do they still have that Parkers guide book around ? 30 years ago id have people coming to me saying Parker guide says its only worth x id say go and ask Parkers guide to go find you a car for that price. 🤣I dont miss the car business at all.
@neilbrookes7604
Күн бұрын
Make sure you scan all the receipts and service book!
@cabottaxi
Күн бұрын
That 70 plate blue Honda HRV is a belter . Old model replaced with a boxy new hybrid model which looks naff.
@Frog-t9z
Күн бұрын
Hey James have you changed your garage round again back to your prep cars what your selling
@stephenrichards5386
Күн бұрын
The Lexus 400 is the lesser car to the 430 but a great car
@ChopsGarage
Күн бұрын
430 was epic
@stephenrichards5386
Күн бұрын
@@ChopsGarage I saw one last year when I was looking for a car. < 200,000 miles good service, recent work, it had just done a trip round france which was where I was going. I just wasn't sure it was the most reliable one avaible but I found there aren't many. So reliable but they still breakdown and do abot 17 to the gallon in town and
@DaDa-David
Күн бұрын
Lexus "The Japanese Mercedes* *Alan Partridge/Steeve Coogan. Shame so few of these left, got cheap enough into the hands of wannbe gangsters that wrecked them, same with similar period Mercedes, BMW. Hopefully someone will enjoy and appreciate this one.
@NW1peter
23 сағат бұрын
That is a really nice LS400... The million mile one can be found over at @elseasworld www.youtube.com/@ElseasWorld I still miss mine,. I got rid of it as it wasn't ULEZ compliant and one of springs went.
@mattblackledge9068
Күн бұрын
That lexus is barely run in. My old man had a GS300 from new for about 7 years. All it ever had was brakes and oil changes.
@michaelthompson6885
Күн бұрын
most main dealers work off bca cap.
@thisiszaphod
Күн бұрын
Loved our LS400 - suffered a blown head gasket 11 months into ownership way back when - me, family and friends were gutted. Unheard of in Lexus circles, and I have a light right foot, too! Would have been a keeper, that was the intention.
@ChopsGarage
Күн бұрын
Yes never heard one do that
@thisiszaphod
Күн бұрын
@@ChopsGarage - James, all, it was determined to be due to a suddenly delaminated hose while driving, blocking the cooling system - temperature shot up immediately and bang, before I could switch off. Second best car I have ever owned in 45 years of motoring, the best being our current Jaguar XF - which has been to date a reliable 100% wafting keeper, and much like the Lexus would be, for me, if dragged into the 21st century!
@roystonvehicles9129
10 сағат бұрын
Don't even bother explaining the in's and outs bud to silly low bidders, they're not bothered if you go bust tomorrow, protect your margin, these hard bargainers are a waste of time, they'll be back with faults, even after a discount. I get em all the time, I just burn them and get on with something worth while. I knocked 200 off a 15 plate scenic the other day, it was cheap at 3295 anyway, so 3100 sale price, a mth later and injectors gone down, I sorted it, injector was 250,lent them a car, picked it up, all that, so I'm now 450 down on the already cheap price it was advertised at, it ends up that everyones done OK, except yourself (!)
@mohammedseedat3199
23 сағат бұрын
Anybody else spotted the stoned reg in the background 😜
@stephenrichards5386
Күн бұрын
£4000 is about right for the lexus. You need to put by about £2000 / year for breakdown and service.
@ChopsGarage
Күн бұрын
Never ,What are you going to repair at 2k a year in that?
@stephenrichards5386
Күн бұрын
@@ChopsGarage the £2000 is not what you will spend every year. It's a savings account for when it does go wrong. A lexus garage was giving that advice. The yearly service is expensive. 8 spark plugs every 2 years for example. I would still like it but I bought an e class a year ago and would lose too much money if I sold it now.
@ChopsGarage
14 сағат бұрын
@@stephenrichards5386 I'd tell them they were talking twaddle there is no way you will need anywhere near that.
@KingstonHomeMaintenance
18 сағат бұрын
Joe must be rubbing off on you after his last couple of visits, no point having stuff sat around and basically having dead money. Don't be static, keep on evolving.
@mikecraney6571
Күн бұрын
Is it me or does the o/s/f look a different colour
@turbo3492
14 сағат бұрын
Lexus 400 series were bullet proof and still are.Mercedes,BMW,Audi and VW, are no where near the reliability
@TommyRogic18
Күн бұрын
29000 in 9 years with a DCI...EGR will be full of carbon.
@ChopsGarage
Күн бұрын
If it were it would run like crap and have a light on dash
@davidvale8968
Күн бұрын
Blue BMW sold?
@ChopsGarage
Күн бұрын
Not put it up yet
@kenrossaukrsa
15 сағат бұрын
Captur is the best car under £5k on the used car market hands down ! Mokka Sportage , X1 and Hyundai , Ford are rubbish!!! , diesel is only 89hp though compared to the other 1.5s 105hp. 0.9 is Best Buy , hard to find the 1.2 for under 5
@alundavies5171
Күн бұрын
car dealers are having a rough time of it! inflated prices cos of Covid now falling prices of Ev vehicles can see people going under in the industry!! some kinds of cars a losing thousands sat on peoples forecourts!
@tonywatson1412
Күн бұрын
Their all good value ...for the money ...till they break down.....which they will !!
@brookcampbell6838
2 сағат бұрын
I think it's hilarious you think auto trader is where you should get your retail price from.. most cars on auto trader are vastly overpriced!
@ChopsGarage
Сағат бұрын
I think it hilarious that you would ignore values given by the uks most used car sales platform that sets values from averages across the UK! 😅🤣😅 Like saying I take inflation figures from anyone but the bank of England 😭😭😭
@roystonvehicles9129
Күн бұрын
Didn't we have a bet on that yaris bud? , you said 3k as I remember, ha, ha.
@ChopsGarage
Күн бұрын
Oh bugger yes! Well he sold it for £3500 I believe and I got 2500 out of it trade
@roystonvehicles9129
Күн бұрын
@@ChopsGarage that's amazing on a 07 bud, I'd be at 1495. I'll not hold you to it, ha, ha.
@JulianaHansen1313
22 сағат бұрын
You offer crap prices I surprised you even get offered cars
@tonygray6587
21 сағат бұрын
Prat !
@paulprosser1289
Күн бұрын
Kindly film at 25 or 50 fps as otherwise you get terrible flickering on screens and telltale lights.
@tonyrice3348
Күн бұрын
No
@cardiary
49 минут бұрын
I stopped watching this channel ages ago as it was all click bate. Nothing changes.
@Whackypads
5 сағат бұрын
Yes sir look at that lexus LS400 😮 proper car 🚗 👌 the best in the business I dontcare what anyone says 😂
@aceace5457
Күн бұрын
my wife is after a car it has to be small and an auto and very cheap including insurance so any ideas chops thank you
@lewiscollins1045
16 сағат бұрын
You could bore a fly off a bucket of dog shit
@duncansarginson1816
15 сағат бұрын
What an intelligent comment!
@lewiscollins1045
13 сағат бұрын
@@duncansarginson1816 Truth none the less.
@douglasmorris8364
8 сағат бұрын
Not so bored you didn't comment! 😂😂🤣🤣🤡🤡
@AnnaBorchelt
Күн бұрын
Great video! I really like the way you present the material - everything is clear, understandable and professional. Keep making us happy with your work!🏀🟣🥞
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