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Originally Posted by SMFCPACFP
A dealer can buy this car for $58,000 minus a hold back. Unless I had a buyer who put down the potential loss as earnest money ($82,000 - 58,000 - used car write down), I can't fathom a dealer doing this. I used to be a dealer.
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I agree with you, I don't see that a dealer would possibly do this. First of all, if a dealer bought the car used at an auction they wouldn't gain any new allocations for the next year from the sale. Second, I don't see them risking a cash outlay of $82,000 on the POSSIBILITY that they could flip it for $87,000. It just doesn't make very good business sense at all. I could be wrong, but nothing adds up.
