Buy-Back/Trade-Back

Modshack · 06-01-2010, 03:04 PM

Quote:

Originally Posted by kannibul

The price I am paying for the car is $43999, plus $2K for TT&L. plus $2600 for an 84mo warranty, plus what I owe for the Z when compared to the buy-bid.

You have an unbelievable ability to rationalize this decision (and the numbers). Face it, they sold you the vette at $3000 more than you could have bought it elsewhere, and gave you $26,500 (wholesale, actual cash value for your Z). Doesn't matter how you play with the numbers, those are the facts. Your upsidedownness is what got you in trouble. Compounding that with another purchase is a fools game........

The dealer's profit on that deal (including the warranty) was around $5,000+, Plus his finance kickbacks, Plus another $3500 if he sells your Z for $30K (about what it's worth retail). In the car Biz, they call that a "Home Run"....right Lou?

In the realm of psychology, there's a word for all this... http://en.wikipedia.org/wiki/Cognitive_dissonance You are a classic example ...

I Run L.A. · 06-01-2010, 03:51 PM

Quote:

Originally Posted by Modshack

You have an unbelievable ability to rationalize this decision (and the numbers). Face it, they sold you the vette at $3000 more than you could have bought it elsewhere, and gave you $26,500 (wholesale, actual cash value for your Z). Doesn't matter how you play with the numbers, those are the facts. Your upsidedownness is what got you in trouble. Compounding that with another purchase is a fools game........

The dealer's profit on that deal (including the warranty) was around $5,000+, Plus his finance kickbacks, Plus another $3500 if he sells your Z for $30K (about what it's worth retail). In the car Biz, they call that a "Home Run"....right Lou?

In the realm of psychology, there's a word for all this... Cognitive dissonance - Wikipedia, the free encyclopedia You are a classic example ...

........

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