Posted by Showcrop on August 25, 2010 at 03:51:56 from (173.13.101.61):
In Reply to: Dealer Markup posted by GAC on August 24, 2010 at 20:13:14:
Now wait a minute here, does he go to a used equipment warehouse to get this stuff on his lot? Or does he have to buy it at sales and here and there from many different people in many different situations? Does what he pays establish the value? Of course not. the market establishes the value, and he has to be constantly aware of the market. My experience with selling used stuff has been, here and there you can buy well and make a good profit, Sometimes you get taken, or there turns out to be a big problem that you have to spend more than you can make on a piece to fix. Most of the time you are trying to just make a fair mark-up to keep the lights on. I think it best to rely on the guy's rep and your relationship with him and your awareness of the market and you make or keep a friend and you both prosper.
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