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Originally Posted by pxland
Can someone please explain to me how the NADA and Kelly bluebook prices can be considered a fair way to do business?
I am in the process of selling a truck and am just astounded by the discrepancies between retail, private party, and trade-in prices. Where in the hell does the used car industry get off telling me that I have to sell my truck for $2000 less than they can? Or take $3000 less if I want to trade it to them?
Does anyone else see the excessive ubfairness in an industry not only setting their prices but the prices others can charge?
PX
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Well, in retail, the dealer has to make sure that everythign is within spec. You are a lying bastard that put heavy oil into your engine to mask the rod knock. Now he discovers it and has to fix it. My friend traded in a car when the ABS was not working and fixed by taking the light bulb and the AC system is shot (traded it in during winter). Guess who pays for that too. My sleezy freind and I know that there are metal shavings in the tranny. When that is discovered, guess who pays for that. I bought a car retail. There was an exhaust leak we discovered. Guess who paid for it. Guess who paid for the diff leak fix? When it sits on the lot unsold, who has to eat the loss? Well for all that, why shouldn't the dealership pad it's price too? You go retail but do you pay retail? I bargain it down.
In private party sales, I pay somewhere between trade in and retail. However, it is AS IS with no warranties implied or specified. IOW, if the brakes fail because the lines blew out and you hit something, you have no recourse. I sell you private party and I make you sign a statement that says "No warranty expressed or implied. As Is only." In PP, I have people kicking tires, taking it for a spin, asking stupid questions, etc, etc. Well, is it worth it? Depends on your time. If you are free to sell it, sure. When you trade it in, it is off your hands and IIRC, it helps you on the tax you pay for the new purchase. Like I said, if your time is worth nothing and you don't mind answering questions and letting people take it for a spin at their leisure, sure. Go sell it PP