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Old 06-28-2010, 03:23 PM   #1
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creative dealmaking?

A friend of mine is considering trading up to a new TT. They want to do a deal where they get a trade-in amount for their current unit that will reduce the price of their purchase. Sounds like a standard deal to me. They found a new unit that they like, and when they went to work a deal the dealer told them that they can take the unit in trade, but if it does not sell in a defined period of time they have to take it back and they now owe for both units.

I am not trying to blame the dealer, but I have never heard of this type of a deal. Anyone experience this type of arrangement?
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Old 06-28-2010, 03:34 PM   #2
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Sounds like no deal to me. Look elsewhere....the guy can't move inventory so he's just a big 'ole consigment shop...

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Old 06-28-2010, 03:46 PM   #3
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That's called a consignment not a trade in. He should go to another dealer.
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Old 06-28-2010, 03:57 PM   #4
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He is going to another dealer. The thing is, I have bought two units from this dealer and he has purchased two from them as well, and we have both been happy with them. They are opening a new location about 100 miles closer to where we live.
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Old 06-28-2010, 04:10 PM   #5
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It is consignment and it is extremely risky and will cost you a lot of money you do not have. This is the kind of deal that make crooks a lot of money.

The right way to do this is one of the following:

1. Sell the existing unit yourself and take the sale proceeds to a dealer and purchase a new unit;
2. Trade the existing unit-in at the dealer and that is your down payment; or,
3. You cannot afford a new unit right now.

If you do not choose number 3 you will regret it.


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Old 06-28-2010, 04:17 PM   #6
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I think that they will lose a lot of business if they continue to treat return-repeat customers that way.
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Old 06-29-2010, 12:26 PM   #7
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I have been thinking about this for a couple of days. I don't want to trash the dealer too bad. I have no idea if the owners still owe on the loan for their current trailer. The trailer has been parked at a permanent site uncovered for a while, and the last time I saw it it was in rough condition. The dealer may feel that they can't get enough in resale to pay off the note.

Any way, thanks for all of the responses.
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Old 06-29-2010, 12:32 PM   #8
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dealers will pull this gem out when they know that the odds of selling it for a profit are against them. It's thier way of ensuring that they don't loose money is all. If you have an in-demand unit they will jump all over themselves to snatch it up as cheap as possible knowing that they have a sure thing.
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