Last kid car we bought was a fairly simple process. Told my local mechanic we were looking for one. 2 weeks later he calls with a really clean 2007 Toyota Avalon with 158,000 miles on it. I was hoping to buy for $5,000 but he was firm at $6,000. Bought the car anyway and couldn't be more pleased with it. If we can do the same thing next time around will do in a heartbeat. Hard to beat the value and plenty of room to work if we have to stick some money in it.
Car Buying Process
- Thread starter CloneFan4
- Start date
This is exactly Right! When we can advertise $14,000 off of a New Ford F-150, that has a direct effect on your used truck. Selling a $50,000 new truck for $36,000 makes your used truck worth less, because there has to be a savings from new.
I took that as they are trying to price them better to sell, finding the happy middle ground on profit vs. deal for the customer, and not moving much from that price...if at all. They’ll keep it there until someone buys it there or within a set range. So they may not be building in as much profit nowadays to their list price. And if it doesn’t sell...I think it just goes to auction.
Thanks for posting. I still don’t think they are only marking them up hundreds though. They may be marking them up less than previous years because the internet has flooded the market and essentially set the price (like others have already mentioned), but still in the thousands. There are some cars on the lot they may have underpaid for off trade or through auction, so they’re still getting a healthy share. I’m sure the internet has been both a blessing and a curse in that department.
I appreciate the discussion on this thread...it has reshaped my expectation and helped me understand what changed.