Cory
San Antonio,#2Consumer Comment
Fri, April 08, 2005
I would imagine that is the typical mark up on just about any late model used car. When I see what those car dealers give people for their trade-ins, repos, demos, rent-a-cars, etc, turn around and sell them at overinflated prices, that sounds about right. Old beat up POS they get for $500 to $1500, sell for $2900 to $4900, 7 to 5 year old car they pick up for $2500 to $4500, sell for $6500 to $9500, 3 to 5 year old they pick up for $4500 to $7500, sell for $9900 to $15500, 1 or 2 year old that they got for $7500 to $12500, sell for $15500 to $19900. Add on taxes, fees, dealer add-ons and interest and you're getting screwed. If any of these people bothered to compare the price of last year's used vehicles to what you can buy a new one for with rebates, it's CHEAPER to buy a new one then what a dealer will sell you a used one for. Gillespie Ford tried to give me $4000 for one of my vehicles on a trade. Retail was $13500, wholesale was $11500. Loan value was $9700. I sold it myself for $9700, in 10 minutes for cash. $5700 more then the dealer was going to give me for it. He'd tried and sell it for the $13500, making $9500.