Quote:
Originally Posted by mkaresh
Dealers want to be able to mark a car up $2,000 over what they pay for it, to cover their costs and still turn a a reasonable profit after knocking some off the price to close the deal. They can't do this with your car even if it's actually worth $1,000.
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^^ This. One of the reasons dealers buy low is because they have to pay their shop to go over the car and fix any problems. And even after they fix the problems, they can still only charge what the car books for. Add in a salesman's commission and overhead and padding a little since every customer never ever expects to pay the price they ask.
It's like anything you're trying to sell. You don't get retail prices when selling something wholesale. I thought the show Pawn Stars would have done a good job educating the public on this, but it's surprising the number of people who still don't get it.