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Here’s how American car dealers use the '4-square method’ to make big profits off you — and how you can make sure you're paying a fair price for all your vehicle costs Moneywise December 5 ...
1. Marked Up Loan Rates. Dealers partner with many lenders, often as many as 20, with some specializing in certain types of loans, such as prime or subprime.
Here are the three biggest costs of car ownership, according to Bureau of Labor Statistics data: Vehicle purchases (net outlay): $5,539 (46% of overall cost) Gas, other fuels, and motor oil ...
Much of the reason Americans are paying nearly $50k for a car is that automakers decided to go all-in on expensive cars. The more they charge for a car, the more money they make off it.
A typical franchised, new car and truck dealership in the United States Car dealership showroom. In the United States, a car dealership is a business that sells cars. A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car ...
For most Americans, owning a car is an important part of modern life. Increasingly, however, it’s becoming a financial burden for many, as the average cost of a car purchased new has risen to ...
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