Dealer Trades - How does this work??
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Freshman User
Joined: Aug 2004
Posts: 26
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Dealer Trades - How does this work??
OK, can someone explain the process of a dealer trade? What all is involved?
I am still working with the dealer on buying a '05 F350 4x4, psd, cc. I am 1,000 away from making the deal. I have found the exact truck I want, but its on another dealers lot. I don't want to deal with the other dealer - their reputation is not the best.
Anyways, the salesman said they could give me what I wanted for my truck (20,000) if they had the truck already on the lot and didnt have to trade it. He says they don't get their dealer holdback money since its at another dealer..... Is this true?
I get X-Plan so I know their not making much off of the truck. Other than the resale value of my trade, where are they making their money?
Thanks!
David
I am still working with the dealer on buying a '05 F350 4x4, psd, cc. I am 1,000 away from making the deal. I have found the exact truck I want, but its on another dealers lot. I don't want to deal with the other dealer - their reputation is not the best.
Anyways, the salesman said they could give me what I wanted for my truck (20,000) if they had the truck already on the lot and didnt have to trade it. He says they don't get their dealer holdback money since its at another dealer..... Is this true?
I get X-Plan so I know their not making much off of the truck. Other than the resale value of my trade, where are they making their money?
Thanks!
David
Freshman User
Joined: Mar 2004
Posts: 27
Likes: 0
From: 20 miles west of rocheste
Hi David, I dont know about dealer hold back, The truck I found was at another dealers. It was 2004 and at this time of the year I think its tough to do dealer trades (what dealer wants an 04 unless he has a buyer waiting). What my dealer did was buy the truck from the other dealer and sell it to me. I to did X-plan. Mike
