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re: First trip to a car dealership to look into buying a new car

Posted on 12/24/23 at 12:03 am to
Posted by X123F45
Member since Apr 2015
27558 posts
Posted on 12/24/23 at 12:03 am to
quote:

regardless of what they tell you, they are not going to sell the car at a loss


That's 100% false.

There are many reasons a dealer will sell a new vehicle at a loss.

The most common being flooring.

When the manufacturer's free flooring dries up, they now have to pay interest on that vehicle.

Pre dumbass rate increase that rate was in the 7s. I would imagine it is significantky higher now.

If a dealer starts hemorrhaging money through flooring, they are doomed. They'd rather lose a few thousand than lose quite a bit more over months as it sit there growing stale.
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 12/24/23 at 12:30 am to
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This post was edited on 12/31/23 at 11:14 pm
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