Quote:
Originally Posted by MONEY
Last week I went to a used car dealer in Victoria Tx. with my son.
We found a car that we were interested in, but the only price on the car was $1,000 down.
My son told the salesman that he wanted to pay cash for the car, if the price was right.
The dealer refused to sell the car for cash or give us a price.
He just kept insisting that my son accept one of the great finance deals that the dealership was offering.
Needless to say, we left without making a deal.
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He has probably already installed the “location package” which can cost him between $80 and 800 depending on what he’s using. Then he sells the same car two or three times over the next three years and repo’s it a couple times using the location gear.
He makes huge money off the interest etc. very nice shiny cars get this treatment. Chargers and sports cars from Dodge, very often. Anything sporty
