3 ms·
What stops them from just increasing the price when you refuse to finance through them?
by dataflow 3y ago
What stops them from just increasing the price when you refuse to finance through them?
- EasyMark 3y agoprobably fear of sunk cost on the deal, giving up a sure deal with 80% of the profit you expected instead of 100% is still making a profit.
- juliangoldsmith 3y agoThis might work for used cars, but probably won't for new cars. Dealers frequently lose money on the sale price of new vehicles, but make up for it on finance/insurance and profit from selling any trade-ins.
- godzillabrennus 3y agoCertified pre-owned vehicles will often have a better warranty than a new car anyway and you don’t lose half the value driving it off the lot. Win-win.