Why would used car lots rather keep the car for 3-6 months rather than sell it?
Case and pt,
He wanted to make a deal of $16,000 on a 09 Honda Accord, asking price $17,500 (37,000KM, lease return). Those idiots at the car lot wouldn't do it. They were willing to deal him at 17,250, stating they already lowered it from before. So he packed up and left. It was probably the best offer those guys at the car lot got. My friend was willing to settle at 16,900, but they didn't want to go that low.
Why are car lots so obnoxious to lower the price 1,000 and would rather it sit on their lot than sell it? These people clearly bought the car from Honda for 12 to 15 thousand at the most. Not any more. They still could have made 2000 profit with admin fees.
Its pathetic. They're losing money, and room to inventory new cars. Lol, my friend even said that that Accord was sitting so long the battery drained, and they jumped it back to life.
Most people, if buying and selling products, would want to get rid of old product at any reasonable offer. Its a joke!