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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Gene's guide to buying a new car
  • Date: Mon, 3 Nov 2008 17:56:51 -0800 (PST)

We are just talking semantics. The maufacturer never holds any kind of title
to a car, the dealership does. Do a title search on your car, however old,
and you will find the orginal dealer who sold it new. Technically, I guess
you are correct, though ....bobford

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--- On Mon, 11/3/08, Clansgian AT wmconnect.com <Clansgian AT wmconnect.com> wrote:

> From: Clansgian AT wmconnect.com <Clansgian AT wmconnect.com>
> Subject: Re: [Homestead] Gene's guide to buying a new car
> To: homestead AT lists.ibiblio.org
> Date: Monday, November 3, 2008, 6:50 PM
> In a message dated 11/3/2008 5:11:13 PM Pacific Standard
> Time,
> bobford79 AT yahoo.com writes:
>
>
> > James, car dealerships are closing around the country
> because they cannot
> > finance enventory. There is '"dealer
> cost", though you will never get it from
> > the dealer.
> >
>
> Sorry, Bob, but here you are just mistaken. What passes
> for dealerships not
> getting credit are in actuality the banks and title
> companies not being able
> to negotiate the credit and thus not being able to
> floor-plan the dealerships.
> The dealer never owns the car you buy. It is not possible
> for there to be a
> cost of something you never own.
>
>
>
> >> Dealerships are not simply a sales agaent for the
> manufacturor, most
> > deakers handle many different makes and brands, today.
> 'Consumer Reports' is the
> > best source,
>
> What does handling different brands have to do with it??
>
> If by "dealer cost" any of you are talking about
> the "factory invoice" you
> are shown, you are God's own rube. The "factory
> invoice" has nothing whatever
> to do with how much profit for the car title holder nor the
> dealer is making.
>
> A dealer makes a proposition to a financial institution
> specializing in
> contracting car sales that if they will buy a car (and
> even here "buy" isn't in
> the normal sense of the word) from the manufacturer and put
> it on his lot, he
> will pay the interest on the money tied up in the car until
> it is sold and
> vouchesafe that he will cover the title holder's
> investment.
>
> The dealership NEVER owns the car.
>
> The car comes from the maker with a document stating what
> the manufacturer
> would themselves sell the car for if that car were the only
> one being bought.
> This is the 'factory invoice'. It is NOT what is
> actually paid for the car, it
> is a theoretical number.
>
> When you sign a loan with a lending institutuion for a new
> car, the title
> holder who make the contact with the manufacturer is paid
> the money and the
> dealer is given the amount he has dickered above the
> contact amount with the owner
> (title holder).
>
> As I said, the dealer is paying interest on the value of
> the cars on his lot.
> When a car has been there for a while and he is faced with
> paying more
> interest on it or moving it off his lot, he will sometimes
> be glad to forego part
> of the money due him in order to not pay that interest for
> the next cycle.
>
> But the idea that a dealer paid $XX,000 for a car and you
> managed to get the
> car for $XX,500 is a myth. He never paid anything for it.
> He never at any
> time owned it.
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