Comments on: Why do cars lose their value when driven off the dealer parking lot? http://www.cargearusa.com/blog/why-do-cars-lose-their-value-when-driven-off-the-dealer-parking-lot/ Sat, 31 Jul 2010 23:43:31 +0000 http://wordpress.org/?v=2.7 hourly 1 By: N http://www.cargearusa.com/blog/why-do-cars-lose-their-value-when-driven-off-the-dealer-parking-lot/comment-page-1/#comment-8299 N Fri, 25 Dec 2009 22:24:50 +0000 http://www.cargearusa.com/blog/why-do-cars-lose-their-value-when-driven-off-the-dealer-parking-lot/#comment-8299 Dealers make profits. Thats the reason they are in business. On new cars, as soon as you buy it, its no longer new, its used. On a used car, the dealer makes probably $1500-2500 on the car which means its trade in value is $1500-2500 less than you paid. Its the wholesale to retail spread. Works the same way with a TV. If you try to sell a TV you bought 3 months ago, it will only bring 50% of what you paid.<a href="http://www.popwebshop.com/"> N</a> Dealers make profits. Thats the reason they are in business.

On new cars, as soon as you buy it, its no longer new, its used.

On a used car, the dealer makes probably $1500-2500 on the car which means its trade in value is $1500-2500 less than you paid.

Its the wholesale to retail spread.

Works the same way with a TV. If you try to sell a TV you bought 3 months ago, it will only bring 50% of what you paid. N

]]> By: Scott H http://www.cargearusa.com/blog/why-do-cars-lose-their-value-when-driven-off-the-dealer-parking-lot/comment-page-1/#comment-8298 Scott H Wed, 23 Dec 2009 04:11:16 +0000 http://www.cargearusa.com/blog/why-do-cars-lose-their-value-when-driven-off-the-dealer-parking-lot/#comment-8298 If you buy a car from a dealer, you are paying more than it is actually worth. If you weren't, the dealer wouldn't be able to make a profit. So the minute the sale is completed, that markup comes right off the top. In the case of a new car, it becomes a used car and can never be sold as new again. A new car loses 15%-20% of its value instantly.<a href="http://www.greattoolsusa.com/sanders-4380"> Scott H</a> If you buy a car from a dealer, you are paying more than it is actually worth. If you weren’t, the dealer wouldn’t be able to make a profit. So the minute the sale is completed, that markup comes right off the top. In the case of a new car, it becomes a used car and can never be sold as new again. A new car loses 15%-20% of its value instantly. Scott H

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