I bought a car last night and got reasonably hosed in the process- as people ususally do. I was curious to know if any one out there could tell me what happens to an older trade in? I owed nothing for the vehicle and they bascially gave me $200.00 credit for it... the thing is that the stereo in it was worth $350 by itself and the tires were close to new. How much would a dealer get from a salvage yard? Do you think they might turn around and sell it to another kind of dealership and make money off of my old ride? Thanks for any opinions...
2007-07-31 17:05:50 · 2 answers · asked by No More 7 in Cars & Transportation ➔ Buying & Selling
The car will either be sold to a wholesaler, or taken to a dealer auction where another dealer will buy it. The other dealer will either sell it on an independent lot, or sell it to a scrapyard! It all depends on what the car needs!
The dealer who sold you your car may make a bit of money on it, or they may lose a bit. Many times they will make package deals with a wholesaler, selling 5 or 10 cars for one total price!
2007-07-31 17:16:24 · answer #1 · answered by fire4511 7 · 3⤊ 0⤋
most dealers put your vehicle on a web site that allows other dealers to offer money for it..if it was an older vehicle they more than likely will take it to an auction and sell it there to get there money back or make money on it....
2007-08-01 00:10:18 · answer #2 · answered by tomerlind 2 · 0⤊ 1⤋