Quote:
Originally Posted by PENER
you got it all wrong. why dealer should pay someone trade in when they can get similar car at (much lower) wholesale price? because they can make it up on selling you a new car at msrp or used one at retail price.
and on the same token, if you believe in the cost plus profit formula, well, for the dealer the cost is the wholesale price
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Thanks for letting me know how wrong I am. I feel much better now that you've clarified the whole thing for me.