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[bob ford <bobford79 AT yahoo.com>]

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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