Originally Posted By: Falken
^doubling parts cost has been a well known rule of thumb forever, I totally agree.
But they don't double the cost that the Shop gets the parts for with their secret discounts.
They double the "street price" on the part.
Then if someone insists that they supply the Shop the part, wow, that NEVER goes over well.
"Well, if there is a problem with your part, there is no guarantee, you buy our part..."
Even me, I would worry about providing my own part. The repair doesn't go as planned, your supplied part will most likely end up burning you in some way.
Maybe at some places. I work at a GM dealer in parts. Our standard retail markup on parts is 100% over our cost, not store price. A lot of times it will be more than 100% over the cost of the part online though, because that's a totally different marketplace. I can buy parts from all kinds of places at wholesale prices through work, but I still buy many things online. I've got plenty of Rock Auto magnets.
Some things do get marked up a lot. We got an LPO (dealer installed accessory) body kit for a new Spark, and cost was in the $200s but list was in the $900s on the window sticker. A lot of times though, I discount parts. If I get 40% over cost (warranty rate), I am fine with it, though I'd like to get more. 20-25% over cost is as low as I want to go. When I sell aftermarket parts, markup is anywhere from 25% to 100%, depends on the situation and how much money is involved. I'm probably not going to mark up a $300 A/C compressor by 100%, but a $5 seal that's part of the job? Yes.
Things like GM reman engines and transmissions, I might not even mark up 10%. More than that and it probably won't sell because it's cheaper elsewhere. The good thing is, another dealer buys truckloads of common part numbers and sells them below cost, and there are perks for buying them like American Express gift cards. Even though the markup isn't much, I am more than happy to sell most part #s of GM reman engines and transmissions.
Our shop installs customer supplied parts all the time. We just can't guarantee a part that we didn't buy, and therefore can't make a warranty claim on. Usually when someone brings in their own part, it came from a junkyard. The used car dealers that bring their junk in are the worst about this.
As for the OP...
Our shop labor rate is I think $100 an hour. I am guessing you would want a vehicle inspection more detailed than what the oil change guy would do, so figure an hour diag for that type of thing. $100.
Bulk Dexos 0W20 is priced at $4.25 a quart. If the RX needs full synthetic, It would get Kendall GT1 at around $6 a quart. Conventional bulk oil for the ES is priced at $2.25 a quart. The oil for the Mercedes would probably be around $8-10 a quart though, and that's after marking it up maybe $1 a quart. 0W40 is not something we use much of, so we don't buy in bulk. I'd have to get Liqui Moly or Castrol from Napa if the car just showed up without notice, and it's not really a steal for me either. Probably $6.50-8 a quart for the Liqui Moly and $9 for the Castrol. Napa's markup to us varies as well, so we aren't always getting a killer deal.
On the brakes, shocks, and O2 sensor, I'd have to look the parts up at work to see what my price would be. I'd probably mark them up 50% over my cost if I can get them aftermarket. If I have to get them from the dealer, I'd just mark them up to whatever their retail/list price is.
^doubling parts cost has been a well known rule of thumb forever, I totally agree.
But they don't double the cost that the Shop gets the parts for with their secret discounts.
They double the "street price" on the part.
Then if someone insists that they supply the Shop the part, wow, that NEVER goes over well.
"Well, if there is a problem with your part, there is no guarantee, you buy our part..."
Even me, I would worry about providing my own part. The repair doesn't go as planned, your supplied part will most likely end up burning you in some way.
Maybe at some places. I work at a GM dealer in parts. Our standard retail markup on parts is 100% over our cost, not store price. A lot of times it will be more than 100% over the cost of the part online though, because that's a totally different marketplace. I can buy parts from all kinds of places at wholesale prices through work, but I still buy many things online. I've got plenty of Rock Auto magnets.
Some things do get marked up a lot. We got an LPO (dealer installed accessory) body kit for a new Spark, and cost was in the $200s but list was in the $900s on the window sticker. A lot of times though, I discount parts. If I get 40% over cost (warranty rate), I am fine with it, though I'd like to get more. 20-25% over cost is as low as I want to go. When I sell aftermarket parts, markup is anywhere from 25% to 100%, depends on the situation and how much money is involved. I'm probably not going to mark up a $300 A/C compressor by 100%, but a $5 seal that's part of the job? Yes.
Things like GM reman engines and transmissions, I might not even mark up 10%. More than that and it probably won't sell because it's cheaper elsewhere. The good thing is, another dealer buys truckloads of common part numbers and sells them below cost, and there are perks for buying them like American Express gift cards. Even though the markup isn't much, I am more than happy to sell most part #s of GM reman engines and transmissions.
Our shop installs customer supplied parts all the time. We just can't guarantee a part that we didn't buy, and therefore can't make a warranty claim on. Usually when someone brings in their own part, it came from a junkyard. The used car dealers that bring their junk in are the worst about this.
As for the OP...
Our shop labor rate is I think $100 an hour. I am guessing you would want a vehicle inspection more detailed than what the oil change guy would do, so figure an hour diag for that type of thing. $100.
Bulk Dexos 0W20 is priced at $4.25 a quart. If the RX needs full synthetic, It would get Kendall GT1 at around $6 a quart. Conventional bulk oil for the ES is priced at $2.25 a quart. The oil for the Mercedes would probably be around $8-10 a quart though, and that's after marking it up maybe $1 a quart. 0W40 is not something we use much of, so we don't buy in bulk. I'd have to get Liqui Moly or Castrol from Napa if the car just showed up without notice, and it's not really a steal for me either. Probably $6.50-8 a quart for the Liqui Moly and $9 for the Castrol. Napa's markup to us varies as well, so we aren't always getting a killer deal.
On the brakes, shocks, and O2 sensor, I'd have to look the parts up at work to see what my price would be. I'd probably mark them up 50% over my cost if I can get them aftermarket. If I have to get them from the dealer, I'd just mark them up to whatever their retail/list price is.