3 ms·
the new car dealer didn't actually know how much the car was worth This statement confuses me. When I talk to car dealers, I notice that they always refer to
by randallsquared 15y ago
the new car dealer didn't actually know how much the car was worth
This statement confuses me. When I talk to car dealers, I notice that they always refer to the NADA guide to determine the worth -- even if you think that the blue book is too high, the sales guy certainly knows exactly what the car is worth, and would rather lose the sale than drop significantly below that price. I conclude that insurance and lot space must not be major costs per car.
- zcid 15y agoDealers make far more profit on used cars than they do new. Because of that, they are often much more willing to negotiate down if it's a tough-to-sell car that has been on their lot for an extended period of time.