Quote:
Originally Posted by Brian Carlton
Last year, I bought a 2001 Camry with 8K on the clock for $11K. It's identical to a new vehicle with just a hint of rust starting on the tops of the shock towers.
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People dump their cars so fast now-a-days that the prices of used vehicles are truly amazing. Just read an article in the Wall Street Journal about car dealerships and making profits. I learned that most dealerships do NOT make any profits on brand new cars, instead they make all their money on the financing and fees related to it. The article claimed that most consumers are aware of the prices that dealerships pick up new cars, leaving no profit margin for them. My friend was trying to buy a brand new car with cash and they were giving him hell and even tried to convince him to finance the car at some crazy rate.