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re: Questions re: "in and out" vehicle purchase
Posted on 1/25/16 at 9:03 pm to Golfer2012
Posted on 1/25/16 at 9:03 pm to Golfer2012
In and out or maybe dealer trade is what I've heard it called
Usually the dealer doesn't make anything other than the fee they charge on the used trade in
I've always wondered if I could do an in and out if I were to set the price, assuming I already had a buyer in line to pay what I was asking.
Usually the dealer doesn't make anything other than the fee they charge on the used trade in
I've always wondered if I could do an in and out if I were to set the price, assuming I already had a buyer in line to pay what I was asking.
2
Posted on 1/25/16 at 10:26 pm to Croacka
That's basically what I'm trying to do but I don't want the dealer trying to add-on all kind of extra "fees" because the vehicle is worth more than the trade-in.
I've already agreed on a price with the current owner of the vehicle -- it just can't be sold directly to me b/c it's business owned and the business would have to recognize income on the sale whereas if it's just traded-in then no tax consequences for the business.
I've already agreed on a price with the current owner of the vehicle -- it just can't be sold directly to me b/c it's business owned and the business would have to recognize income on the sale whereas if it's just traded-in then no tax consequences for the business.
Posted on 1/26/16 at 5:33 pm to Croacka
quote:
dealer trade
In the auto business a dealer trade is when one new car dealer trades cars with another dealer of the same manufacturer. This is usually done bc they have a buyer that wants a specific option/color but the dealer doesn't have it in stock, so they find a dealer with that option, and trade units.
Dealer trades and "in and outs" are two completely different animals.
This post was edited on 1/26/16 at 5:35 pm
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