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
^ you think they are gonna sell for a loss?
they just source cars to give away at good prices for charity?
Dealer will not pay a lot for 2nd car.
all dealers sell for a profit but i agree that some cars at some dealers are rediculously overpriced. a stock 5th gen lude vti-r with 100000k's on it for $23k anyone? :(
its really up to the buyer to find a car at a good price and good bargaining skills are always useful :)
its true...they buy it at super low prices and sell them at super high prices!!! some prices are super amazing....
because they know they can rip off suckers like IAMFAGTEK
Dealers are more expensive, although I got my 02 7th civic for a decent enough price 16K for a car with just under 50K on the clock, they threw in extra 3 year warranty and a new car alarm system for it. But I suppose the selling point was that I was able to check the car out before the dealer cleaned it up.
I am kinda glad I bought it off them, because after I got it a problem with the power steering appeared. These guys fixed it for free (they kept on replacing parts until it was fixed) and supplied a rental car with no extra costs. I reckon the service was worth the extra
The thing I really hate about dealers is that they are always advertising cars as the wrong trim level. I can't believe the number of times I have seen VTi or even CXi Civic advertised by dealers as a VTi-R. And when you send them an email about it to find out what the go is they never even respond.
Generally dealers cars go for around 20% more than the exact same car on the private market. So if you bought a $20000 car from a dealer you have just forked out around $4000 more than you would have if you bought it privately. Then you have got to ask yourself what have I really got for that extra money. (not much if you ask me). You might have got yourself a small warranty. But if you had bought privately you would then have that $4000 you saved to spend on any repairs and unless you need a complete engine rebuild your unlikely to come anywhere near spending that much on repairs. The other BIG disadvantage of buying a car from a dealer is that you never get to meet the previous owner. When buying privately you can ask the owner lots of questions about the history of the car including servicing etc.