Post B5Yy4F99EYTaADD1xA by charette@mstdn.ca
 (DIR) More posts by charette@mstdn.ca
 (DIR) Post #B5Yy4F99EYTaADD1xA by charette@mstdn.ca
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       My oldest recently traded in her 2005 car for a newer model at the dealership.  I wondered why the dealership would want to do a trade for such an old car.Then it clicked -- it takes older cars off the market, making them harder to find, and over time pushes people to buy newer cars from the dealerships.The car ran great, even at 21 years old.  She could have gotten money for it, and someone could have had a starter car.  But the dealership offered $2K for it, so it was difficult to turn down.They're not doing it out of the goodness of their heart.  They're effectively shrinking the market of available used vehicles.
       
 (DIR) Post #B5Yy4FMcQTFepzVmwy by mrfoostang@foostang.xyz
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       @charette@mstdn.ca @Jam123@mstdn.ca I don’t think there’s that much of a long game. They give money for old cars because they:A) can still sell it for profit, andB) mark the living shit out of cars so they can easily absorb a few thousand $K to make a deal. Even more if the buyer finances it because the dealer gets “incentives” from the banks, etc. to sign new deals.A more interesting mental exercise, imo, is considering how many times a car is sold over its lifetime.