Quote:
Originally Posted by Shazam
I'm sure dealers would love that. Buyer takes 30% depreciation hit, refinance as well.
Might as well just set a pile of money on fire.
|
Normally yes, but due to a unique set of circumstances he said he got trade in value only a few K less than what he originally paid. Less than 10% decrease to what he paid for it. Dealership wanted to buy it back more than once before he traded it in for the Sienna.
I think I know why though. They originally tried a bait and switch on him and he had email proof so he threatened to complain to corporate. This car was probably supposed to go to someone else but they sold it to him to avoid a fiasco. I bet the dealership contacted someone on the wait list and said they had a fantastic low kms model for only a few K off MSRP. I even bet they were elated to find out my cousin was only driving a few hundred KMs a month in that car. They probably made profit even with the trade in they offered my cousin.
Agreed other people typically get hosed by the dealerships when they change cars every 6-12 months though.