There used to be a decent amount of 3-5g dealsIn sales, it's sometimes known as the 5k lunch. You go to lunch and you miss a client and you lose a sale to someone else which could have gotten you 5k.
The buyer would look for new used cars not in the nada book yet. The bank would finance “like invoice” or 100% of the new car msrp
Find a used one at auction cheap
19,000 mile Dodge 200 ex rental
Then a sucker, usually someone who doesn’t think his credit is good enough to buy.
Boom
Now dealers just keep most of it by playing with the numbers