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Probably too much, that's why it's still leftover.... Posted by Mike Lynch [Email]  (#81) [Profile/Gallery]
(more from Mike Lynch) on Thu, 19 Sep 2002 19:48:57
In Reply to: how much for '01 leftover, chris, Thu, 19 Sep 2002 13:51:37 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Flooring charges aren't accrued to the cost of the car. It's a part of the overhead, utilities, rent and the like. Likely the dealer hasn't "written down" the cost of the car either to allow for the depreciated value of a two year old car. And likely a comparable used, low mileage vehicle can be had for substantially less even after it's "certified".
In most cases, but not all, the dealer is just hoping to get lucky. They'll wait until they find that special buyer who doesn't realize what a poor value the car is, but only knows it's less than a new one. That special person who's budget can only accomodate that car. And likely that person will be very happy with that car as they probably aren't aware of how fast cars depreciate because they won't be trading anytime soon anyway, 'cause if they were, they'd realize the value issue and go either new or used instead.
Very rarely are dealers willing to sell two year old leftovers for a "fair" market price. They usually haven't reduced the cost in line with depreciation and will cry the blues about all the money they're losing if you make them a fair offer. And ultimately the sales manager will walk away from a fair offer as he won't want to be the one to sign off on a major negative profit or loser. So it just sits until that special person comes along.
posted by 207.158.49...
, Thu, 19 Sep 2002 19:48:57 <-- Viewing This Message
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