It's important to note that most car dealerships are on the up-and-up. Few will lie to you outright. But they might try to mislead you to make a sale.Sept 2, 2018
Why do car dealers lie so much?
Usually, it works. But most of the lies told in a dealership aren't designed to hurt the customer. In most cases, they're actually intended to help the customer obtain financing and buy a car—which, of course, also benefits the salesman and the dealership.May 1, 2017
How much profit do car dealers make per car?
Believe it or not, car dealers actually make very little profit on a new car sale (usually under 8.7 per cent of the vehicle's invoice price goes to the dealer) while the bulk of your hard-earned money goes directly to the manufacturer.
How profitable is a car dealership?
Andrew Tai, CEO of Unhaggle.com, says the margin is 8.7 per cent, which means, "For new vehicles today, on a $30,000 MSRP vehicle, that represents only $2,610 in gross profit for the dealer if they sold the vehicle at full price."
What is one advantage of buying a used car from a dealership versus privately?
Buying From a Dealership Dealers ensure you get the 13% trade-in tax savings. Dealers have access to financing programs, and can offer trade-in options which can make your used car purchase more affordable. Dealers can offer warranties and after-sale service for used vehicles.May 8, 2013