How Do You Save Money At Car Auctions?
When a dealer sells a car, there is something they must consider before putting it up for sale. When a dealer sells a car, there is something they must consider before putting it up for sale. There is the MSRP Manufacturer Suggested Retail Price. There are many ways a dealer can make money by selling a car. They usually will add a 20%-25% profit on top of the MSRP. Then there is something called Hold-back. Hold-back is a financial incentive that the manufacture gives all car dealers. Depending on the make and model of the car, a dealer can make a lot of extra money selling it. It can be in the range from hundreds to thousands of extra dollars. Usually people will not negotiate or haggle about the price of the new car, because it is an arduous process and very stressful. This will be to the advantage of the car dealer. Here are a few tips to watch out for when purchasing an automobile from car auctions. The guilt trip is a favorite tactic for car dealers. They will show you pictures of
