Originally Posted by PandaBear
Like all purchases, with emotion involved it would be hard. Many times people look at something with rose tinted glasses and then have buyer remorse. There is a reason these auctions are reserved for dealers only, they don't want to deal with retail buyer remorse (and if you are a dealer you know what you are signing up for).
For lease return why would someone pay $500 more when the local dealer can just sell it to you directly (and maybe discount that $500 commission).
I think because it's not really going to be $500 more.
The dealer buys out the return from the least company, cleans it a bit, runs it through the service department, and then bumps up the price $2k, sells you financing, etc.
The person who just wants a car, and not the whole dealership "experience" is probably getting a deal at $500 over the costs to buy the car at auction.
Used cars are one of the biggest money makers for dealers, so they are probably not just selling a $15-20k used car for $500 more than it cost them.
Like all purchases, with emotion involved it would be hard. Many times people look at something with rose tinted glasses and then have buyer remorse. There is a reason these auctions are reserved for dealers only, they don't want to deal with retail buyer remorse (and if you are a dealer you know what you are signing up for).
For lease return why would someone pay $500 more when the local dealer can just sell it to you directly (and maybe discount that $500 commission).
I think because it's not really going to be $500 more.
The dealer buys out the return from the least company, cleans it a bit, runs it through the service department, and then bumps up the price $2k, sells you financing, etc.
The person who just wants a car, and not the whole dealership "experience" is probably getting a deal at $500 over the costs to buy the car at auction.
Used cars are one of the biggest money makers for dealers, so they are probably not just selling a $15-20k used car for $500 more than it cost them.