The dealership used by one of my contacts is called Perfect Credit, and they have plenty of used cars. The car I picked is a 2015 Ford Escape, an SUV that’s in pretty good shape with a used sticker price of $17,445. The model I chose isn’t an outgoing model, so it wasn’t discounted. I assume it’s been in the dealership’s inventory since the beginning of the month.
As the vehicle is registered to them, it’s not considered a “repurchase,” but rather a “change in ownership.”
When you ask about a “non-primary dealership” car, you’ll often hear car dealerships will buy vehicles off the lot with the right paperwork from a car dealer who’s already taken the vehicle off the lot. The dealership doesn’t buy the car with their own money. They buy it with the dealership’s money.
This isn’t legal and can result in problems.
Car dealerships aren’t required to follow auto purchase and sale rules as they do for a “regular retail sale” but have to make sure the buyer has all their required paperwork. Car dealerships can face disciplinary action if they don’t do it right. The dealership is the one making the ultimate call as to whether or not the purchase is legal and takes the buyer through all of the paperwork, to make sure there’s no misrepresentation of any kind.
Car dealer pricing for used vehicles
Most dealerships charge between $500-$1,000 to buy and register a used car. You’ll pay this to the dealer, not the dealership that’s selling the car. If you’re buying a car at an average used car dealership in Michigan, the car will have been on the lot for less than a month and be worth $7,000 to $10,000. There are a few used cars you can buy for less, but most aren’t worth much.
In the car business, the price you pay for a vehicle depends on many things.
You’ll likely have to pay for taxes, registration, and insurance, usually by the day the car leaves the lot. You’ll pay an additional dealership fee of between $50-$75, and you’ll pay anywhere between $60-$75 for a “car appraisal” as they take the vehicle off the lot. This is a useable car and it will be used for at least 6 months unless it’s bought through a private sale or a loan contract. It doesn’t count as a repurchase.
There are lots of things
That will change the price you pay, and in some cases, you’ll pay more than you would have just a few months ago when the car was new and fresh. The average used car dealer will drop the price of the vehicle as soon as they buy it and start reselling it. You’ll likely have to pay $500-$1,000 to buy and register a used car and then pay anywhere from $250-$300 for the car appraisal. If you’re buying a car that’s worth $15,000 and you have $1,000 saved up, your car will be worth between $8,500-$9,500, and you’ll pay between $1,250-$1,500 to buy the car and register it.
Here’s the deal.
While used car dealerships have to be careful of misrepresentations, it doesn’t mean they will let you take the car off the lot if it’s worth much more. If you’re coming in and the car is worth $15,000, you’ll have to pay somewhere between $15,000-$20,000 for a used car. You’ll be paying $1,500 to register the vehicle, and it will be worth $15,000 to buy the car and register it.
After the car is registered
registered as your vehicle, there are some car dealerships that will charge between $6,000-$ for the car, and you’ll be paying them somewhere between $750-$800 to register the car and use it for up to two more years. If the car is worth $15,000, you’ll probably only pay between $5,000-$6,000 for a car and register it. You won’t pay any dealership fees. There are lots of great used cars and if you don’t buy one for more than $15,000, you’ll likely be paying $500-$1,000 to buy a car, and paying $300-$500 in dealership fees to register it.
This will be a big saving
But you have to be very careful. Some dealerships won’t register your car for a price that’s a little less than what you’re paying in dealership fees. If you’re paying a $3,000 dealership fee and the car is worth $15,000, you’ll have to pay $10,000-$15,000 in registration and insurance costs.
There are lots of variables here, so use your head.
If you want to buy a car for a little more than what the dealer is charging, you can go to the dealership and buy it for more. You can also take the vehicle out of the state where the dealership is registered and register it with the state you bought it in, and you’ll be able to get it registered in the state where you want to drive it.
If you buy a car in a dealership
If you already registered it in another state, then that dealership is generally charging you a transfer fee to register it in your state. It will cost between $500-$1,000 to register the vehicle. The dealership might also charge a car loan fee. You might be able to do this through a lender, but the dealership might want to make you pay the dealership a “car loan fee.”
I hope this helps.
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As someone who sells new cars, I know how easy it is to get a good deal on your new car. It’s easy to get a car sold and priced. I know how easy it is to get the price you want on your car. By offering a full range of services, dealership staff can help you to find a vehicle and negotiate the price to help you get the car you want.
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