You work hard for your money. You have better things to do with it than give it up to a greedy and complicit car dealer. But if you shopped at a car dealership last year, you probably paid too much. Much.
Car dealers across the country are lashing out over the record profits they’re making during the pandemic. Their huge profits are being fueled by people flocking to buy cars – understandably afraid to use public transportation, fly in planes, use shared or other transportation as they risk being in an enclosed space with others who might spread the coronavirus.
according to Car News AutoNation, of Ft. Lauderdale, Florida sets a quarterly F&I record [Finance and Insurance] Profit per retail vehicle based on same store average $2,172 USD, An increase of 12 percent, or $240, over last year’s numbers.”
AutoNation is publicly traded on Wall Street. They operate over 315 new car dealerships nationwide. Over the years, their biggest investors have included an entity affiliated with Microsoft founder Bill Gates, one of the richest men in the world.
Keep in mind that $2,172 is just AutoNation’s profit on the financing and insurance products they charge consumers. They also profit significantly from the price of the car itself.
Imagine what you can do with $2,172. You might feed your family for months. Pay college fees and get a better job. Get a much better car you like, that is more environmentally friendly and safer for you and your family.
Plus – AutoNation doesn’t seem to like anyone to mention it publicly – they are deliberately selling their customers’ cars that have serious safety recall defects that are not repaired. Especially cars with fatal safety defects You cannot repair it because there is a huge shortage of spare parts.
So if you buy that recalled car, there is no way to make it safe. Sometimes part delays can last for months or more than a year. Meanwhile, you and your family are at risk of getting injured or killed.
Please don’t assume you’ll have time to fix the summons before disaster strikes. Car safety flaws are like ticking bombs. In San Diego, four members of one family — a highway patrol officer, his wife, their 13-year-old daughter, and the officer’s son-in-law — were killed by an unsafe vehicle. Same day, only hours After the agency handed over the keys to the CHP officer. They were on their way to a football match when the fatal flaw happened.
If you do not want to overpay for a serious death trap, please consider purchasing from another consumer and avoid car dealers altogether. You still have to be careful and do your homework. But at least you won’t get bogged down in dealing with a selling chain that maximizes its profits at your own expense.
How can you control your car buying experience and get a good deal on a nice, safe and reliable used car? check this out Step by step tips From pro-consumer experts.
Your life is precious. You deserve to get the full value for what you pay for. Stay safe – and save!