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Old 09-27-2019, 12:24 AM   #374 (permalink)
redpoint5
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Quote:
Originally Posted by Xist View Post
I cannot find the video now, but someone explained that some dealerships have a trick to raise the sale price of a new car to cover the trade-in, so that you effectively give away your car for free.
Well the easiest thing for the dealer to do is apply the trade-in to the MSRP of the new vehicle and have the customer accept that deal. Dealers are willing to sell below MSRP for most vehicles that aren't in limited supply and high demand, and manufacturers offer discounts to help vehicle sales that aren't reflected in the MSRP.

The Chevy Bolt is going for about $10k under MSRP right now in some markets. Anyone trading in a vehicle against the MSRP price instead of the negotiated price is taking a massive loss. Then again, anyone trading in a vehicle is taking a massive loss because there's more to be gained private party.
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Xist (09-27-2019)