4 ms·
It's the same with private sellers, everyone wants the best price for them. Private sellers/buyers are terrible most of the time and act just like the stereotyp
by atwebb 11y ago
It's the same with private sellers, everyone wants the best price for them. Private sellers/buyers are terrible most of the time and act just like the stereotypical dealer, misrepresenting, not being communicative or transparent, dodging questions, etc. The main reason (I think) private party sales are lower is because very few people are comfortable doing a >$15k transaction without some sort of licensing and business reputation so there has to be a really good incentive to get a car from a non-dealer/franchise.
- ghaff 11y agoAnd this is hardly unique to cars. Yes, I'm going to pay more buying a used camera lens from B&H photo rather than off ebay. It's essentially a risk premium. (With autos, a dealer also provides some services related to paperwork and, potentially, financing/trade-in.)