This is true re: the trade in. Although Matt will reduce the % allowed after a period of time. Which is fair. A benefit to the customer.
On the other hand, the economics of that approach always confused me. If you assume that the customer originally bought an item with a cost to dealer price of $2,000, for example, and traded it in for an item with a cost to dealer price of $5,000, I don't see how the dealer makes money on the trade in / new sale unless there is a markup factor of 4.
^That assumes only one person in the chain. I do not know how the distributor influences the cost nor what the distribution costs are other than related to product purchase and import. So, frankly, it's all speculation but it is something to do with my idle moments.
Sent from my iPhone using Tapatalk