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Re: Covid and new vehicles????
[Re: pcr2]
#6879966
05/22/20 10:35 PM
05/22/20 10:35 PM
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Joined: Jan 2014
Posts: 17,740 Central Oregon
AntiGov
trapper
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trapper
Joined: Jan 2014
Posts: 17,740
Central Oregon
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it's spelled vechile. Yep ........had some on tacos todsy
Report a post club - Non member
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Re: Covid and new vehicles????
[Re: Sprung & Rusty]
#6879992
05/22/20 11:07 PM
05/22/20 11:07 PM
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Joined: Oct 2015
Posts: 3,075 Wyoming
cmcf
trapper
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trapper
Joined: Oct 2015
Posts: 3,075
Wyoming
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Maybe getting a little late. The prices will firm up when the economy if the economy gets going again. Bought mine about a month ago, about 3800 below wholesale. It had been on their lot for about 45 days and the boss wanted it gone. Good luck with your quest. Wholesale numbers when it comes to cars are bs. That's means nothing. Maybe BS to you. I bought and sold cars and trucks and even the occasional cargo box truck new and used at the 27th largest ford store in the nation. Have you ever seen or even heard of a ACV? No? It stands for ACTUAL CASH VALUE. It is an INVENTORY CONTROL DEVICE it is linked to the VIN# and every dealership has one for every vehicle on their property. It is used to calculate their TAXES. And show profit or loss. And yes dealerships occasionally sell a vehicle at a loss. Sometimes to freshen their inventory sometimes to get liquidity to cover that months FLOOR PLAN. Don’t know what that is either? That’s the monthly payment they have to make to the lending institutions that lend them the money to pay the manufacturers for the vehicles they receive. Since dealerships never buy at anything but wholesale if you can pay less than the ACV you have just bought under=less than wholesale. As was posted before just because some haven’t figured it out doesn’t mean that no one has.
“The world is governed by very different personages from what is imagined” B. Disraeli
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Re: Covid and new vehicles????
[Re: WV Danimal]
#6880135
05/23/20 08:00 AM
05/23/20 08:00 AM
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Joined: Mar 2019
Posts: 1,497 Southern NJ
maintenanceguy
trapper
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trapper
Joined: Mar 2019
Posts: 1,497
Southern NJ
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Dealerships will be hungry for cash. Used cars, especially, will go for cheap. A lot of people aren't making their car payments right now and even closed dealers have gas, electric,insurance, and property taxes to pay with no cash coming in. There will be cars sold at cost just to convert the inventory to cash and dealers will be getting a lot of repo cars back that they don't want on their lot.
A friend of mine bought a 2 year old truck from a dealer in 2008 when the economy tanked last time. He was sitting in the sales guys office and there was a white erase board on the wall with all of the repo's written on the board- all the customers who weren't paying. He said that there must have been 50 cars written on the list. Once he saw that, My friend offered 30% off asking price. The sales guy balked. My friend pointed out the list and told him that he could pay cash today. The sales guy talked to the manager and the manager agreed.
-Ryan
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