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Originally Posted by Dadhawk
How is this different from any other product you buy every day? Just about every product has a MSRP, and nearly every one of them at some point are sold at a discount. The only difference is at car dealerships you have to negotiate that discount rather than it being a sale, and know the price going in.
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I believe that it’s because of the history of car sales in USA and because it’s a big-ticket item:
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Car dealerships can get away with ADM’s and sale prices variation from customer to customer mainly due to cars being big-ticket items and the fact that every individual has a different value when it comes to a numerical amount of money.
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In summary…$50,000 (example) for a car is a different amount of money for everybody.
Then it’s the history…there was a time when car sales did not require the monroney sticker. A dealership could sell a car for whatever they wanted to—and that’s still how it is today because of lobbyists and general power of large companies. The difference today is the Federal Trade Commission and other trade-related and consumer-protection governing bodies.