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#61 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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#62 | |
He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
Casino cash: $10023443
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Quote:
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#63 |
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Join Date: Jul 2011
Casino cash: $3751956
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Get a power of attorney signed and notarized, then you pretty much are your dad for signing document purposes. Make sure you have any lien release documents as well.
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#64 |
He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
Casino cash: $10023443
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Of course they make more off used. They pay lower than wholesale and mark it up 30%. New cars have fixed prices.
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#65 | |
Supporter
Join Date: Jul 2011
Casino cash: $3751956
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There is definitely more money in used cars, because used cars are more subjective and beauty is in the eye of the beholder. Used cars can be sold emotionally, most new cars cant, because the customer is armed with an exact copy of your invoice when you start. In fact, my dealership group (largest in Missouri, and its not close) marks all NEW cars on the website and invoice minus rebates. So, if you look at our website before you come in on a new car, you are already buying it dirt cheap, in relative terms. But, nobody is paying less than wholesale. If you want to make any real money, you have more like 3-5% markup. No one is marking anything up 30%. You think a 25 grand used Lincoln has 7500 markup? Try 750. or zero, or negative :/. And remember, the guy who pays the MOST on the wholesale end gets the used car, so nobody is taking stuff in under wholesale prices. |
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#66 |
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Join Date: May 2005
Location: Who knows?
Casino cash: $2365884
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#67 |
Supporter
Join Date: Jul 2011
Casino cash: $3751956
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#68 | |
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Join Date: May 2005
Location: Who knows?
Casino cash: $2365884
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Small lots or a person can report less amount received then they actually got. Evading taxes 101. |
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#69 | |
Supporter
Join Date: Jul 2011
Casino cash: $3751956
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Some states, like Texas, make you pay taxes on the 'value' of the car regardless of what you pay for it. I never, ever, ever fudge title sale prices. Your asking for a felony charge, especially if your a lot, since you have to keep records and they can come look at them any time. Like when you fudge a title and then the car breaks down and the guy gets pissed and goes to the state on your ass. |
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#70 | |
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Join Date: May 2005
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Casino cash: $2365884
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It has never failed. Kansas must be different. I am not telling you your business since you have infinitely more experience then I do, this is just from my past experiences. I am not breaking the law, so whatever the dealer does after I leave is their business. |
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#71 | |
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Join Date: Jul 2011
Casino cash: $3751956
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I guess the ' I have the cash right here do you want it ' deal does work better with personal sellers, just because you are actually selling to THEM emotionally. So in that way yes it could work. If a guy says, ill buy your car for X and be back in 30 minutes with a cashiers check that would have the same effect on me. |
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#72 |
You gotta kill a few people
Join Date: Sep 2007
Casino cash: $1522369
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I don't think I'd ever buy a car brand new. Well, unless I was doing so well financially that money wasn't even an object.
That initial depreciation when you drive off the lot is a bunch of bullshit. I'd rather let someone else take that hit and buy something that's basically new, like a couple years old, and take it off their hands for cheaper. |
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#73 | |
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Join Date: Jul 2011
Casino cash: $3751956
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Quote:
If you are going to keep the car 5,6,7 years than by the time you get rid of it the depreciation has slowed so much, and you have gotten so much out of your car that buying new makes sense in that you know the car, what its been through, you have a long warranty period etc. I bought my first new car a few months ago.. because it was a left over 13 and 72 months at 0 percent got me a nice car with a nice payment. Ill keep it for 3 years and sell it, I figure ill break even as long as I keep the car in good shape (which I do) since im not paying any interest. But yes in general its best to buy a low mileage or program car if your the type that likes to trade every year or two, or even three. |
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#74 |
Veteran
Join Date: Jul 2001
Location: OC
Casino cash: $10009560
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Here are a couple of links to other pricing sites.
NADA - http://www.nadaguides.com/Cars Edmunds - http://www.edmunds.com/appraisal/ KBB - http://www.kbb.com/ Look up the value of all 3. Post your car with the highest value and source on Carigslist. If you want to use a pay site to place your add use autotrader or cars.com. Spend your time and put some effort into writing a good add. The guy who bought my wife's Volvo on the 3rd day it was posted on Craigslist commented that he liked my post. I think it said something like - Volvo is known for reliability, safety and European luxury. (I will never allow her to buy another Volvo again - BTW.) |
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#75 | |
Supporter
Join Date: May 2005
Location: Who knows?
Casino cash: $2365884
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Quote:
Like someone said earlier, some small dealerships/people are tired of the hassle, so when they get offered something on the spot it's easier to just say "**** it". |
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