MinnieM123
Premium Member
And, many dealers don't want the used ones on their lots, so they sell them to wholesalers, that sell them to other dealers. Everyone has to make some money in that food chain, thus the low trade in values/money.
That's interesting--never knew that. (I had wondered what the dealer did with our old rust bucket we traded in, when we bought our newer, used car, a few years ago. I mean, "trade in" was a joke--our old car was OLD and was a HEAP. I knew they'd never sell it on their fancy lot with all those pretty, expensive cars, SUVs, etc. Now I have an idea of where it ended up.)
We got $300 for it, which surprised us--it was 14 years old at the time and I can guarantee, it had no KBB or whatever, value at all. At the time, we were even prepared to just drive it to a junk yard & maybe get $80 for scrap metal, so were happy with the $300 we got!)