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In Spain, dealers struggling to meet their annual sales targets will register a car and give it plates in order to hit their targets, and those cars are known a
by oarsinsync 8y ago
In Spain, dealers struggling to meet their annual sales targets will register a car and give it plates in order to hit their targets, and those cars are known as 0km cars.
They sell at a ~10% discount to new cars. They're a day old and haven't rolled off the lot yet.
- brobdingnagians 8y agoIs there a minimum price for new car sales? Just wondering why they don't just drop the price 10%
- deleted 8y ago[deleted]
- detaro 8y agoMight not be allowed by their sales contract with the manufacturer, or might not find a buyer for that price before some deadline for which they want to hit a target.
- NullPrefix 8y agoThere's a name for that. It's called fraud.
- pbhjpbhj 8y agoThey do it in the UK too, not sure who it is defrauding? I guess it could be the franchise defrauding the main dealer, but they'd see that the franchise registered it? The sale transaction to the eventual customer is still recorded on the later date, so tax, etc., shouldn't be affected? Would be interested in the explanation.
- detaro 8y agoNo, it's generally not fraud, and done entirely in the open (and sometimes even on behest of the manufacturers)
- oarsinsync 8y agoThe dealer is providing a buffer for the manufacturer, holding extra stock at their own risk. The manufacturer rewards this behaviour because it’s in their interest. The customer benefits from this arrangement with a discount. All parties involved are aware what has been done, all parties consent, no parties are defrauded.
- gadders 8y agoQuite common in the UK as well: https://www.rac.co.uk/drive/advice/buying-and-selling-guides/pre-registered-cars/ https://www.rac.co.uk/drive/advice/buying-and-selling-guides...