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Smart Shopper Got a Quick Question for a Car Dealer?
2455 messages, Last post on Mar 15, 2010 at 11:20 AM
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Replying to: zwartepiet (Dec 30, 2008 1:05 pm) However, most Doc Fees are just air. If the 3rd party title co service fee isn't too much, there is no reason why the selling dealer can't just absorb it. |
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Why not just sell it, even at a substantial loss? Isn't it costing money just sitting there? It's certainly depreciating on the lot. The dealer I'm thinking about is a local Chrysler dealer with 8-10 2007 Chryslers (some Crossfires, Pacificas, PT Cruisers, and a 300) in his used car inventory, but all are listed at less than 10 miles, meaning they're probably new, unsold stock which was handed over to the used car department. (I used to work there as a parts go-fer 15 years ago, and that's what they did with the old stock back then.) It's just odd the dealer hasn't found a way to dump these cars by now. And this is in a major metro area, so it's not like there aren't potential customers around.
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Replying to: mursilis (Jan 06, 2009 1:52 pm) That wait can be a long one as we have one 07 still left over. 
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Replying to: boomchek (Jan 06, 2009 2:13 pm) That wait can be a long one as we have one 07 still left over. " I understand that, but I just checked their online inventory, and they're showing 12(!) unsold '07s, and even an unsold '06 (a PT Cruiser GT convertible). Wow! You'd think they'd just dump them wholesale or something at this point. If they're not sold by now, what are the odds they're going to get sold in the next 12 months, just waiting for the right customer to stroll in?
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Replying to: mursilis (Jan 06, 2009 2:37 pm) Do we hold on and hope someobdy will pay cost or $1k below cost for this car, or do we dump it and take a $5k hit on it at the auction? Times by 12 cars = $60k hit |
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Replying to: boomchek (Jan 06, 2009 2:13 pm) Farmers have a saying "Your first loss is your best loss" meaning it is better to get rid of a depreciating asset like tomatoes (or cars) sooner rather than later. I never understood the logic of keeping a lot queen around forever as it loses value. |
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Replying to: oldfarmer50 (Jan 06, 2009 3:47 pm) 
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Replying to: oldfarmer50 (Jan 06, 2009 3:47 pm) Not only does it lose value it also costs the dealership to keep it in inventory. |
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Replying to: Mr_Shiftright (Jan 06, 2009 4:04 pm) Leave it on the lot long enough and it will stink to high heaven. 
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Replying to: boomchek (Jan 06, 2009 2:13 pm) the dealer had 4 of the exact same car until about a week before i bought mine. someone bought 1 of the 4, then i bought mine. of course a couple of weeks after i bought mine, the incentives got better. i remember it, but i don't really think about the extra money i could have saved. |
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