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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 ...
On October 26, 1968, he entered into an agreement to distribute Toyota vehicles from the Port of Jacksonville and Southeast Toyota Distributors (SET) was founded that year. [5] The first year, cars were sold to 42 dealerships by eleven associates in Pompano Beach, Florida. [8] SET sold their one millionth Toyota in 1982.
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
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.
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 ...
Learn: 5 Used Cars You Should Stay Away From Read: Pocket an Extra $400 a Month With This Simple Hack If you notice any of these six signs, consider walking away from the used car deal.
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