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Since most states have requirements for a dealer to warranty or even guarantee a used vehicle for a certain amount of time and or mileage if sold to the public at a certain price, [10] a dealer must make a profit selling the previously traded car (now a used car). Trade-in value is an important facet of the car deal.
Calvin Coolidge Worthington (November 27, 1920 – September 8, 2013) was an American car dealer, best known in Southern California and other locations along the West Coast of the United States for his offbeat radio and television advertisements for his Worthington Dealership Group, a car dealership chain that covered the western and southwestern U.S. at its peak, and later for his minor ...
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
Used-car lots, either attached to a new-car dealer or standalone, offer a buying experience that's most similar to purchasing new. Then there are the used-only chains, which you might prefer for ...
The price of used cars continues to climb — with the amount financed up over $7,000 since 2020. In fact, the national average amount financed for a used car in the third quarter of 2023 came to ...
The influx of older used cars is an optimistic sign for the industry, though. In the first quarter of 2022, the average used car trade-in was 7.9 years old; in the just completed quarter, it was 9 ...
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