Quote:
Originally Posted by Kybosh
I should qualify my statement. My most recent purchase was from a dealership for the reasons you stated. Despite this, I always feel like I get hosed by the dealership in the cost of the vehicle and the value I get for a turn in (if I choose to give a turn in).
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fair enough,
I'll tell you this, in most cases, you will always come out on the losing end of a trade in.
here's why. like any other retailer, we buy our vehicles at wholesale and sell them at retail.
When you trade the vehicle in, we are going to give you wholesale for your vehicle and then try to sell you the new vehicle at retail. The difference is known as the spread. Thats the angle you need to work, its the spread. there will come a point in time when the spread is good for you and you accept the deal or its bad for the dealer and they say no.
I am going to try and get your vehicle as inexpensively as possible. Sorry, but thats the truth. We tell all our clients that you are better off selling your vehicle privately and working a cash deal with us.