Why do dealers charge so high for used cars? I never understood this, and would anybody actually buy those??
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Why do dealers charge so high for used cars? I never understood this, and would anybody actually buy those??
Lol! Well have you ever looked at what they have to do to put a car on the lot? Once the car is theirs they have to clean it, inspect it, fix any issues, make sure it passes emissions, and put it on the lot. Then they have to maintain it while it's on the lot. So when they get it from the owner they put on what it costs to do all that so they can make a PROFIT!!
Yeah, LOL.
Their main money comes from selling cars on Finance.
They have to pay the transfer fees, they have to factor in the holding costs of the car in the yard on top of the above-mentioned things...
People buy them because if anything happens to the car, they have someone to go back to..But beware, not all dealer second hand cars are covered by statutory warranty.
But still, ive seen old cars worth 4000 selling for 10,000 at used car dealers (there is one specific one in Auburn). Its not surprising that most of the cars have been there for months untouched..
It's called a classic car. There was a 1971 Hemi Cuda that sold for 250kUSD but was originaly sold for something like 2500USD. If it's been rebuilt and kept nice an older 4k car would sell for 10k easy. More if it's rare. Give more info on this car, like what year, make, and model. That would help us in letting you know what's going on there.
But the cars I'm talking about are early-mid 90's workhorse camry's and corrola's with 300,000km.. hardly classic cars ;)
All I can say then is Carfax or KBB.com and see what it should be at. Maybe there are mods. Maybe they are trying to rip you off. Who knows?!
I brought my ek from a dealer 13k drive away with 41,000kms on it last year. I thought i got a good deal and i love it
first of all dealers are there to make money, private sellers are generally just trying to recoup as much money as possible.
used cars from dealerships are also 'generally' in better condition than private sales as the dealer has spent a bit of money touching up paint, rwc, misc repairs.
Dont forget wages and comission for their employees.
its tooo ex to purchase from a dealer.....cost at least 2-3g more