30% markup (standard practice for retails),
Most cars are exactly the same. There is a 20-30% mark up. If you do your homework you'll usually pay no more than 15% more here in DR. Here is an example of a popular selling SUV in DR, the 2008 Suzuki Grand Vitara sold in DR
super-carros.com - dominicana - detalle vehiculo usado
And one being sold in USA similar in features and mileage in USA
White Water Pearl 2008 Suzuki Grand Vitara Base For Sale in Poughkeepsie, New York ? Buy This Used Car Today
NotLurking
Shalom aleichem!
A very good and intelligent post, must be appreciated!
Just a couple of clarifications respectfully.
30% retail mark up. Standard. Where is it standard? In USA 30% can be only dreamed of. 30% mark up is a mind bogging greed and rip-off.
Cars. Same question. 20%-30%. Where? I will go there right now. Being over ten years in car exporting/selling business I see that dealer makes $500-$1200 on a $12K - $18K cars. Some times on $25K cars. It means 5%-8%. In those cases when he is lucky and does not run into a bad engine or bad tranny that he has to fix and to sell at a loss.
Not to mention that it is impossible to compare two cars without seeing them. Without checking for bondo and for paint job with paint thickness gauge. In USA we have at least Carfax and Autocheck. In DR - only verbal gurantee of seller. That the car was not in accidents and that odometer is not rolled back and over five times.
Again, if a car dealer tries to get a 30% mark up it is mind bogging shamless greed and rip off. That we unfortunatelly witness now in Dominican Republic. A lot of new wave business owners not willing to work hard and long, but to get rich quick and effortless.
My only relief is that among DR.1 members that bad breeds are not represented and we communicate here among ourselves only honest, good and hard working reasonable gentlemen/gentlewomen.