re: Car dealership/finance guys: Trying to put my son in a car

Rates are higher for used cars and higher still for used cars bought from a private seller. Auto dealers see to it that it’s nearly impossible to sale a low mileage late model used car yourself. I just went through this. Sold a 2015 Toyota Sequoia with 48K on it for $27K. Buyer was told he’d get a batter rate if he’d pay more for the same car at a dealership! I had 7 dealerships offer me between $22 and $25 for this vehicle and was told by 2 of them they had buyers at $30 K waiting on my car. This is one reason why used vehicles lose value so quickly......it’s nearly impossible to find a buyer for a private sale of a late model used car. Plus the buyer has to pay for registration out of pocket unless they finance it with the vehicle. Houses are the same thing to a lesser degree....much easier for a buyer to get a mortgage on a new house than a resale because the bank the builder uses has a vested interest...they already have a sucker on the line in a resale....