Last post on May 19, 2013 at 1:46 PM
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Car Buying, Car Selling
#2991 of 3219 Re: Lease contract question [kirstie_h]
Aug 31, 2012 (8:17 am)
Thanks for the info everyone...we're heading over soon, so we'll see.
#2992 of 3219 What Transpired @ Dealership ? ?
Sep 04, 2012 (1:06 pm)
I am seeking your expertise as to what transpired here and would appreciate your knowledge.
Dealer A - New York - takes vehicle as trade on new car purchase. Traded vehicle is not same brand as dealership. Vehicle is listed for sale maximum Black Book Retail value (Extra Clean) of $34,000 Lists vehicle extensively on the internet for approx. 2 weeks (weeks 1 & 2 of August) Had made an offer within Edmunds TMV, Black Book 3rd week of August, which was refused. Would only go down $900. 4th week of August vehicle is removed from sale.
At the 4th week of August, Dealer B - Delaware, located 3 states away, now has this vehicle and is listing for the same price as Dealer A. Dealer B as well is not the same brand as used vehicle.
What transpired here --- Just wishing to understand. Both dealers are asking the same price. Is this a pre-auction move, swap or what? Thanks for your input .
#2993 of 3219 Re: What Transpired @ Dealership ? ? [seekxpertise]
Sep 04, 2012 (1:15 pm)
Dealer A probably sent it to auction and Dealer B bought it. Dealer B is trying to sell it at the same price and may wind up accepting less or sending it off to auction in a few weeks.
#2994 of 3219 Re: What Transpired @ Dealership ? ? [seekxpertise]
Sep 04, 2012 (1:19 pm)
could be the dealerships are related and the owner wants to try selling it in a different market.
#2995 of 3219 Re: What Transpired @ Dealership ? ? [seekxpertise]
Sep 05, 2012 (4:28 pm)
Like others pointed out could be a few scenarios:
-vehicle sold at auction and bought by dealer B
-vehicle swapped or traded/sold to other dealer, as both dealerships may be owned by same auto group/owner.
Both scenarios very common. Sometimes vehicles that might have no action in one geographical area may do very well in others hence the same asking price.
Reason your offer was not accepted was maybe because it was too low or below cost what the dealer acquired the vehicle for. Although kbb and edmunds may be great pricing guides, the actual prices paid for vehicles may vary greatly due to other factors:
-dealer paid more for trade in than they should have to get the deal done
-dealer may have put money into the car for reconditioning, raising the cost to way over book values
-dealer knew they can sell the car at auction for more/same than you offered but it's easier selling to another dealer due to decreased liability than selling to a end user.
#2996 of 3219 Lease and military
Sep 13, 2012 (6:53 am)
Is it possible to get a military clause in a lease incase they send me oversease, so i can return the car early?
#2997 of 3219 Regarding Military Clause
by Mr_Shiftright HOST
Sep 13, 2012 (11:48 am)
"TERMINATION OF AUTOMOBILE LEASES DURING MILITARY SERVICE: The SCRA allows military members to terminate pre-service automobile leases if they are called up for military service of 180 days or longer. Members who sign automobile leases while on active-duty may be able to terminate an automobile lease if they are given orders for a permanent change of station outside the continental United States or to deploy with a military unit for a period of 180 days or longer."
So it looks like it does not apply to actual purchase of a car. Also the dealership is not the financial institution that carries the lease, so the dealer might not know about the SCRA.
#2999 of 3219 selling to a dealer
Oct 09, 2012 (1:29 pm)
I recently sold my vehicle to a dealer. I still owed on it, so the bank had the title. The dealer has paid the bank but has not paid me (until the they get the title). Meanwhile, they had sold my vehicle within days. I don't understand how they can hold my payment because they don't have the title, but can go ahead and sell the vehicle. This doesn't make sense to me - am I wrong?
#3000 of 3219 Re: selling to a dealer [robsbrown]
Oct 09, 2012 (2:03 pm)
it happens all the time. They don't have titles on hand for new vehicles they sell, so I'm not the least bit surprised they would do it for a used one.