Posted by Goose on August 25, 2010 at 09:46:22 from (67.63.68.13):
In Reply to: Dealer Markup posted by GAC on August 24, 2010 at 20:13:14:
There are too many variables involved to assume a set percentage of markup. If a dealer acquires a highly desirable piece of equipment for a low price, he may mark it up 100% and be justified in doing so if that's what the market dictates. On the other hand, he might have another piece of equipment that required unexpected repairs and he's simply trying to get his investment back out of it. Most stuff is somewhere in between. It's not like the parts counter where a set markup applies to everything.
When he was at his peak in racing stock cars, Bobby Allison had a sign over the work bench in his shop, "No amount of human endeavor will ever replace dumb luck". That applies equally to other ventures, including used farm machinery, used cars, et.
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