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When you sell a car online, you are often still meeting with strangers if you choose to sell to a local private party. You might even be in the car with a stranger for a test drive.
However, private party sales are typically the most lucrative way to sell your car, so this is an excellent way to get top dollar if you're willing to put in the extra legwork. Selling Your Car to ...
This is also the price that a dealer will typically pay for a car at a dealer wholesale auction. Private-party price is the price expected to pay if buying from an individual. A private-party seller is hoping to get more money than they would with a trade-in to a dealer. A private-party buyer is hoping to pay less than the dealer retail price.
CarGurus offers options for selling a leased vehicle online, to a dealer, or to a private party.
Cars.com was included in the spin-off of Gannett's broadcasting properties as Tegna, Inc. On May 4, 2017, Tegna shareholders approved a plan to spin off Cars.com as a new, publicly traded company; they received a share of the new company, which began trading on the NYSE beginning on June 1, 2017, for every 3 Tegna shares they owned. [15] [16]
In economic theory, car dealerships can be characterized as franchisees and automobile manufacturers as franchisors. A franchise relationship can be beneficial to both parties, as the franchisee can sell a well-made and attractive product while the franchisor can rely on the franchisee to incur downstream costs and use its local relationships to sell more products and services.
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