And the guy who gets ripped off the most is....

[HELBND]

Some people just have no idea on buying a car.

A guy I know was looking at two identical cars at two different yards.

One was 6000 and one was 8000.

He bought the 8000 one because they gave him $1500 for his trade in where the other yard would not take his car as a trade.

There was bugger all difference in the years spec's kms etc.

Matt

that doesnt make sense at all?

why not buy the $6000 one and sell off his car himself. you can almost guarantee he would have got more than any dealer would offer him as a trade in, thus taking even more off the price, which is ALREADY 500 cheaper without him having to trade in anything?

[pc]

Some people just have no idea on buying a car.

A guy I know was looking at two identical cars at two different yards.

One was 6000 and one was 8000.

He bought the 8000 one because they gave him $1500 for his trade in where the other yard would not take his car as a trade.

There was bugger all difference in the years spec's kms etc.

Matt

that doesnt make sense at all?

why not buy the $6000 one and sell off his car himself. you can almost guarantee he would have got more than any dealer would offer him as a trade in, thus taking even more off the price, which is ALREADY 500 cheaper without him having to trade in anything?

I think that's his point

The trade-in crap seems to work well though. People think they are getting something, where normally you can knock ~$2k off with or without trade-in.

[TRD Man]

You need to understand how the used car market works.
This buyer would likely be financing the car he's buying and need a significant deposit to be able to do so.
The dealer that has offered $1500 for the trade-in has taken care of that.
The dealer who won't trade the car has not.

More often than not, buying decisions are made on the ability to do a deal no matter what the cost. That's why dealerships offering easy finance solutions usually flourish - until it all goes bad i.e. Nationwide Finance Co.

There are no rip offs. There are only gullable people. There are so many cars on the market and so much information available freely that if a buyer does not research the value of his/her purchase they have only themselves to blame.

[HELBND]

[I think that's his point

The trade-in crap seems to work well though. People think they are getting something, where normally you can knock ~$2k off with or without trade-in.

Thanks for pointing that out - i never would have guessed

[RomanV]

There are no rip offs. There are only gullable people. There are so many cars on the market and so much information available freely that if a buyer does not research the value of his/her purchase they have only themselves to blame.

QFFT

A friend of mine's girlfriend was buying a new car. We told her to take one of us along when she found something she liked.

She didnt, and payed $5k for a late 80s honda civic with 160,000kms on the clock.

I wanted to slap her for that, even more than usual.

[pc]

There are no rip offs. There are only gullable people. There are so many cars on the market and so much information available freely that if a buyer does not research the value of his/her purchase they have only themselves to blame.

I actually totaly DISAGREE with this mentality. There will always be people that can easily be taken advantage of. Taking advantage of someone's lack of knowledge and misplaced trust (in the sellers assurances) is not an honourable trait at all.

A quote I quite like that I think all business people should be aware of.
"You can't get something for nothing unless someone gets nothing for something"